Are You In A Mortgage Forbearance Agreement With Your Lender?
The Sierra Group – Pro Home Buyers Can Help With How To
Sell My Omaha House In Forbearance

Sell My Omaha House In Forbearance
Sell My Omaha House In Forbearance

If you are an Omaha area home owner experiencing a short term or temporary financial hardship such as a job loss, illness, disability, divorce, death of a wage earner or other financial challenge, a mortgage forbearance may provide temporary payment relief solution.

What Is A Mortgage Forbearance

A mortgage forbearance allows you and your lender to agree to temporarily suspend or reduce your monthly mortgage payments for a specific amount of time. This will allow you time to deal with your temporary financial challenges and give you time and a plan to bring your payments current.

How Can A Forbearance Help Me?

A few of the benefits of a forbearance are:

  • Can reduce or temporarily suspend your monthly payments to get you through your short term financial challenges.
  • Possibly cause less damage to your credit than a foreclosure.
  • You will stay in your house and avoid a foreclosure.

How Does A Mortgage Forbearance Work

A mortgage forbearance reduces your monthly payment or stops it completely, during the forbearance period. If you qualify, you and your mortgage company will discuss and determine the length of the forbearance, the suspension or reduction of the mortgage payment, and the terms of repayment.

When the forbearance period has ended, you will need to repay the amount of your mortgage payments that were reduced or suspended, however you will typically not have to repay the missed amounts all at once.

Steps For A Forbearance

First, compile your financial information. Make sure you have your basic financial and loan information such as your mortgage statements, other debt and loan paperwork, income items such as pay stubs, and income tax returns for when you call your mortgage company.

Be ready to explain your current situation and why you are having or will have trouble making your mortgage payment. Your lender will need to understand why you are having trouble making the payments to be able to find the right solution for you.

Then contact your mortgage company to see if you qualify for one of their programs.

Would You Prefer To Just SELL Your Omaha Area House?

If you’ve decided its time to just sell your house and move on to lessen the financial stress that your house may be causing, we may have a solution. Our team may be able to List and market your house in a traditional manner, or we can BUY your house, and eliminate all of the potential hassles that can come with a traditional sale.

We would be happy to discuss your present situation, and determine how we can provide the best solution for you.

Sell Your Omaha House And Eliminate The Stress

If you have a property that is currently in forbearance or if you’re considering a mortgage forbearance and would just like to sell, contact us TODAY to see how we can provide a solution for you.

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We buy houses in ANY CONDITION in Nebraska. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (402)-291-5005...
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The Sierra Group, LLC is a professional home buying company who has been providing solutions for home sellers for over 20 years. We are Veteran owned and operated and have an A+ rating with the Better Business Bureau.