For homeowners
Facing Foreclosure?Understand Your Options Before Important Deadlines.
If you are behind on mortgage payments or have received foreclosure paperwork, you may still have options. NQS Asset Solutions can review the property and discuss whether selling may be a practical solution.
What Preforeclosure May Mean
Preforeclosure generally refers to the period after mortgage payments have been missed or foreclosure activity has begun, but before the property has completed the foreclosure-sale process.
Timelines, notices, rights, and available options vary by state, lender, loan, and individual circumstance. Homeowners are encouraged to review all notices carefully and speak with their mortgage servicer, a qualified attorney, or an approved housing counselor about their specific situation.
Why acting early matters
The earlier you understand your situation, the more options tend to be available. Waiting until the final weeks before a scheduled sale can narrow what may be possible. Even a short conversation with the right resource — a lender, attorney, HUD-approved counselor, or a real estate solutions company — can help clarify what steps are worth considering.
Options a Homeowner May Consider
Every situation is different. These are options a homeowner may want to research or discuss with a qualified professional — they are not recommendations and no outcome is guaranteed.
Contact your mortgage servicer
Many servicers have hardship programs. Contacting your servicer directly is often the first step to learning what may be available on your loan.
Repayment plan
A short-term agreement with your servicer to catch up on missed payments over time while staying current on new ones.
Forbearance
A temporary pause or reduction in payments offered by some servicers during a documented hardship.
Loan modification
A permanent change to loan terms — such as rate, term, or principal — that may lower a monthly payment. Availability and approval depend on your loan and lender.
Refinance, if qualified
Replacing the existing mortgage with a new loan. Availability depends on credit, equity, and current market conditions.
Sell through a licensed real estate agent
A traditional listing may produce the strongest sale price when there is enough equity and enough time before deadlines.
Sell directly to a buyer
A direct sale to a buyer such as NQS Asset Solutions may be considered when timing, condition, or privacy matter.
Consult a qualified attorney
A foreclosure or bankruptcy attorney can review your specific rights, deadlines, and any legal defenses that may apply.
Speak with a HUD-approved housing counselor
Free counseling is available nationwide. Visit hud.gov or call 1-800-569-4287 to find a certified counselor.
NQS Asset Solutions does not provide legal, tax, bankruptcy, credit-repair, mortgage-servicing, loan-modification, or housing-counseling services. For advice specific to your situation, please consult an appropriately licensed professional.
When a Direct Sale May Be Worth Considering
A direct sale is not right for every homeowner. In some situations a traditional listing or working directly with the lender produces a better outcome. That said, homeowners sometimes consider a direct sale when:
- • The homeowner wants to avoid making repairs
- • The property needs significant work
- • The available timeline may be too short for a traditional listing
- • The homeowner wants fewer showings
- • The homeowner needs a flexible closing arrangement
- • The property has enough value to satisfy applicable liens and closing requirements
- • The homeowner prefers a private, direct conversation
Please note: Submitting information does not stop, postpone, or cancel foreclosure proceedings. Any sale must be completed before the applicable deadline and is subject to title review, liens, mortgage payoff requirements, lender requirements, and closing conditions. No sale, offer, closing, equity amount, surplus amount, or foreclosure-prevention outcome is guaranteed.
Important disclaimer
NQS Asset Solutions is a real estate solutions company and potential property buyer. NQS Asset Solutions is a trade name operated by NUATM LLC. We are not a law firm, mortgage servicer, lender, government agency, bankruptcy provider, housing counseling agency, or foreclosure rescue company. Information on this website is general and is not legal, tax, financial, credit, bankruptcy, or mortgage advice. Property owners should consult appropriately licensed professionals regarding their individual circumstances.
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