Foreclosure Help

Facing foreclosure? Tell us about your situation.

If you're behind on payments, have received a foreclosure notice, or have a scheduled sale date, tell us what's happening. We'll review the property and situation to determine whether there may be a potential acquisition solution.

No guarantee of an offer or of stopping a foreclosure. Not legal, tax or foreclosure-counseling advice. Full disclosure.

Potential Property Solutions

Every situation is different.

Depending on the property, mortgage, equity, timeline, lender requirements and other circumstances, different transaction structures may potentially be considered. Nothing is decided until it has been explained and agreed to in writing.

I

All-Cash Purchase

Providence may evaluate the property for a potential all-cash purchase. No traditional buyer financing is required.

II

Existing-Financing & Third-Party Structures

In certain situations, a transaction may potentially be structured through an affiliated or independent third party using the property's existing financing or another alternative acquisition structure.

Certain transactions may involve acquiring a property subject to existing financing or another third-party structure. Depending on the transaction, the existing loan may remain in the seller's name and the lender may retain rights under the loan documents, including rights related to transfer of the property. Any such structure would be explained before the seller agrees to proceed.

This is different from a lender-approved loan assumption, where the lender formally approves a new borrower taking over the loan. If an actual assumption is being considered, that distinction would be made clear and would depend on the lender's approval.

III

Other Potential Options

Where appropriate, we may also discuss whether a conventional property sale or another option may make more sense for you.

Providence is not your attorney, a HUD-approved housing counselor, a lender, a foreclosure consultant or a financial adviser. You may wish to speak with your mortgage servicer, an attorney or a HUD-approved housing counselor about every alternative available to you.

Private Review

Tell Us About Your Foreclosure

Every situation is different. The more information you provide, the better we can understand your timeline and determine whether the property may fit one of our acquisition options.

Please don't send Social Security numbers, bank logins, full account numbers or other sensitive information through this form.

Your Information

Mortgage Information

Foreclosure Status

Property Information

Important foreclosure disclosure. Submitting your information does not guarantee that Providence Real Estate or any third party will make an offer, purchase your property, stop or postpone a foreclosure, assume your mortgage, bring your loan current, or provide any particular solution. All properties and situations are subject to review, due diligence, transaction terms, applicable law, and acceptance by the relevant parties. Any offer made may be accepted or rejected by the property owner.

If a proposed transaction involves existing financing, transferring ownership does not necessarily release the existing borrower from obligations under the mortgage or loan. The terms, risks, and responsibilities of the proposed transaction should be reviewed carefully before proceeding.

Providence Real Estate is not providing legal, tax, or foreclosure-counseling advice through this website. Homeowners should consider consulting an attorney, tax professional, their mortgage servicer, and/or a HUD-approved housing counselor regarding their individual circumstances and available alternatives.