How to Stop Foreclosure in New Hampshire: A Comprehensive Guide with Expert Tips and Solutions

February 2, 2023

4 min read

Foreclosure is a difficult and stressful process for homeowners, but there are several ways to stop it in New Hampshire. Here are some options to consider:

  1. Contact your lender: The first step in stopping a foreclosure is to contact your lender and discuss your options. Explain your financial situation and ask about loan modification, forbearance, or other forms of relief.
  2. Negotiate a payment plan: If you are unable to make your mortgage payments on time, your lender may agree to a payment plan that allows you to catch up over time.
  3. Consider a loan modification: If you have a permanent change in income, such as a job loss or reduction in hours, a loan modification may be a good option. This involves changing the terms of your loan to lower your monthly payments.
  4. Seek help from a housing counselor: Nonprofit housing counseling agencies in New Hampshire can help you negotiate with your lender and explore options to avoid foreclosure.
  5. File for bankruptcy: Filing for bankruptcy can stop the foreclosure process, as the automatic stay imposed by the bankruptcy court stops all collection actions, including foreclosure.
  6. Try a short sale: A short sale is when you sell your home for less than the balance of your mortgage and the proceeds go to pay off the lender. This can be a good option if you are unable to make your mortgage payments and your lender agrees to the sale.
  7. Challenge the foreclosure in court: If you believe the foreclosure is illegal, you can challenge it in court. This may be possible if the lender did not follow proper procedures, if you have a valid defense to the foreclosure, or if the lender acted in bad faith.
  8. Contact Sell Now New England: If you need professional assistance in stopping a foreclosure, you can contact Sell Now New England. Our team of experts can help you navigate the process, negotiate with your lender, and find the best solution for your situation. Whether you are facing a short sale, loan modification, or bankruptcy, we can provide you with the guidance and support you need to avoid foreclosure and keep your home.

Taking action as soon as possible is key to stopping a foreclosure. Contact your lender, seek help from a housing counselor, and consider all options, including contacting Sell Now New England, to find the best solution for your situation. Our team of experts is here to help you avoid foreclosure and keep your home. Don't wait, contact us today to learn more about our services and how we can help you.