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Carolina Serenity Homes


Options to Stop Foreclosure

A reinstatement is the simplest solution for a foreclosure; however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it including any additional fees or fines. This stop foreclosure solution does not require the lender’s approval and will ‘reinstate’ a mortgage up to the day before the final foreclosure sale.

Forbearance or Repayment Plan
A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe plus any additional fees incurred. Some mortgage companies will require a homeowner to ‘qualify’ for forbearance.

Mortgage Modification
A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the homeowner and a more affordable mortgage. This has become very common in today’s economy and many lenders are taking pro-active steps to modify loans.

Rent the Property 
A homeowner who has a mortgage payment that is lower than market rent has the option to be able to rent their property as a rental and use the rental income to pay the mortgage.

Deed in Lieu of Foreclosure
A deed in lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property. This is sometimes referred to as the “Friendly Foreclosure”.


Many have considered and marketed bankruptcy as a ‘stop foreclosure solution,’ but this is only true in some states and situations. A bankruptcy usually only creates a temporary “stay” of foreclosure.

If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy will eliminate these debts, this may be a viable solution.

Bankruptcy can be costly and damaging to credit, please consult a Bankruptcy attorney to see if this is the most viable option for your current circumstance.


If a homeowner has sufficient equity in their property and their credit is still in good standing, they may be able to refinance their mortgage. However, in today’s economy and real estate market this is not the case and refinancing while your behind on payments is not realistic.

Sell the Property

Homeowners with sufficient equity can list their property with a qualified real estate agent that understands the foreclosure process in their state and area. Although in many cases today homeowners do not have the equity needed to sell their property without negotiating a short sale.

You can sell, even if you owe too much on the mortgage…

Do you owe more on your mortgage than the house is worth? You’re not alone!  There is a high percentage of homeowners who owe more on their mortgage than their house is worth. But what if you want to sell your house? What if you just can’t afford to throw good money at bad money any longer?

There is a solution for you that you MIGHT NOT know about. It’s called a short sale….

Short Sale

If a homeowner owes more on their property than it is currently worth, then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender.  This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify.

A short sale allows the homeowner to avoid foreclosure and salvage some of their credit rating. Borrowers may qualify for another mortgage in as little as 24 months (as opposed to five years for a foreclosure).

Again, these are some of the most common options when trying to stop foreclosure.

Carolina Serenity Homes, can help you determine if you can keep your home and stop foreclosure or if you have to sell your home to avoid foreclosure. We will also personally meet with homeowners to help them assess their current and unique situation.


Before using this service, consider the following information:

Our company cannot charge you any upfront fees in conjunction with providing you any type of mortgage assistance relief service. Our company is NOT associated with any government agency or program, and, our company is NOT approved by the government or your lender(s). You may stop doing business with us at any time with regard to the short sale, our short sale negotiation services (if any), or real estate brokerage services (if any). If you stop paying your mortgage, you could lose your home and damage your credit rating.

We’re here to help you find the best solution for your situation!

you have options

We understand that there are many reasons why homeowners sometimes are unable to pay their mortgages and that every situation regarding the need to stop foreclosure or avoid foreclosure is unique.

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. There are a many options available to Carolina area residents who are trying to stop foreclosure.

At Carolina Serenity Homes we take the time to meet with homeowners and explain all of their options to stop foreclosure and avoid foreclosure.

Stop foreclosure now!