What is the best option for me?

Your Post-Forbearance Options

Resume Payments as Normal
If your financial situation has stabilized, you may be able to simply resume your regular mortgage payments. Some lenders may offer flexible repayment options, including spreading out missed payments or requiring a lump sum.

Loan Modification
If your original payment is still unaffordable, a loan modification might help by: lowering your interest rate, extending your loan term, adding missed payments to the end of the loan, and/or reducing your monthly mortgage payment.

Forbearance Extension
Still struggling financially? You may qualify for an extended forbearance period, giving you more time to recover and plan your next steps.

Refinancing Your Mortgage
If you have equity in your home, refinancing could lower your payments or consolidate debts. Keep in mind that rising interest rates may impact your eligibility.

Selling Your Home
In some cases, selling your home before foreclosure can: protect your credit, preserve your equity, give you control over the process.

Short Sale
If your home is worth less than your mortgage balance, a short sale may be an option. KW Default Solutions specializes in negotiating short sales to help you walk away with minimal financial impact.

Deed in Lieu of Foreclosure
If selling isn’t possible, transferring ownership of your home to the lender may be a viable option. This can reduce the impact on your credit and help you move on.

Government & Assistance Programs
If your financial situation has stabilized, you may be able to simply resume your regular mortgage payments. Some lenders may offer flexible repayment options, including spreading out missed payments or requiring a lump sum.

Bankruptcy (Last Resort)
If you’re overwhelmed by debt, bankruptcy might delay or prevent foreclosure. Always seek legal advice before considering this option.