You searched:
“Cannot sell house because I owe too much”
If you're searching for 'Cannot sell house because I owe too much', you're probably feeling trapped and overwhelmed. You're not alone — thousands of homeowners face this same challenge every year. It's often the result of unexpected life events, market fluctuations, or financial setbacks. Here's what most people don't know: there are more options available than you might think, even when traditional paths seem closed off. At National Mortgage Home Loans (NMHL), we've helped countless borrowers navigate similar situations, and we're here to offer guidance and support.
Take a breath. Help is here.
- You are not alone -- thousands of people search this every month
- Real options exist for your specific situation
- No judgment -- just honest guidance from licensed professionals
We've Helped Others in Your Situation
Why This Happens
Understanding the common reasons -- and knowing that each one has a path forward.
- 1Market downturns left your home's value lower than your mortgage balanceSolution exists
- 2Unexpected life events, such as job loss or medical emergencies, made it hard to keep up with mortgage paymentsSolution exists
- 3You took out a mortgage with a low introductory rate that later increasedSolution exists
- 4You or your partner experienced a change in income that's made your current mortgage unaffordableSolution exists
- 5You used your home equity for renovations or other expenses, increasing your mortgage debtSolution exists
There's Always a Path Forward
Being denied feels overwhelming, but it doesn't mean your homeownership dream is over. Our specialists work with challenging situations every single day.
Understanding Your Situation
Being unable to sell your house because you owe too much can be a stressful and isolating experience. However, it's a common challenge many homeowners face. At NMHL, we believe in addressing your situation with empathy and understanding, not just as a financial problem to be solved.
We recognize that your situation is likely the result of a combination of factors, including market conditions, personal financial changes, or unexpected life events. Our approach is to work with you to understand these factors and identify potential solutions tailored to your needs.
You're not alone in this situation. Thousands of homeowners have successfully navigated similar challenges with the right guidance and support.
Exploring Your Options
The first step in addressing your situation is to explore the options available to you. This might include loan modification, short sales, or other alternatives. At NMHL, we offer a range of loan programs and have expertise in handling complex financial situations.
- We'll review your current mortgage and financial situation to identify potential paths forward.
- Our team will work with you to explore loan modification or restructuring options that could make your mortgage more manageable.
- If selling your home is the best option, we can guide you through the process of a short sale or deed-in-lieu.
Our goal is to provide you with personalized guidance and support throughout the process, ensuring you feel informed and empowered every step of the way.
The NMHL Difference
At National Mortgage Home Loans, we pride ourselves on our ability to help borrowers in challenging situations. Our team has extensive experience with loan programs that cater to a wide range of financial circumstances, including those that traditional lenders might not address.
By choosing NMHL, you'll work with a dedicated team that understands your situation and is committed to finding a solution that works for you. We're not just lenders; we're advocates for homeowners like you.
With NMHL, you're not just getting a loan – you're getting a partner who will work with you to navigate your financial challenges and achieve your goals.
Next Steps
Taking the first step towards resolving your situation can feel daunting, but it's often the most important step. We're here to support you through every stage of the process, from initial consultation to finding a solution that works for you.
To get started, consider reaching out to us for a free consultation. Our experts will listen to your situation, answer your questions, and outline the options available to you. There's no obligation, and we're committed to providing guidance that's in your best interest.
Your journey towards resolving your mortgage challenges begins with a single step. We're here to guide you every step of the way.
Your Options Right Now
NMHL Pre-Approval Review
Get a fresh look at your mortgage situation with an NMHL pre-approval review. Our experts will assess your current financial picture and identify potential paths forward, including alternative loan programs that might not be available through traditional lenders.
Act quicklyLoan Modification or Restructuring
We can help you explore loan modification or restructuring options that might make your mortgage more manageable. This could involve adjusting your interest rate, extending your loan term, or other changes to reduce your monthly payments.
Act quicklyShort Sale or Deed-in-Lieu Options
If selling your home is the best option, we can guide you through the process of a short sale or deed-in-lieu. These alternatives can help you avoid foreclosure and minimize the impact on your credit score.
Act quicklyTalk to someone right now
No automated menus. A real licensed mortgage professional who understands your situation.
(248) 864-2200Want to talk through your options with someone who's helped hundreds of people in your exact situation? We're here — no judgment, no pressure. Let's explore the possibilities together.
Start Your Application
Takes about 5 minutes. No obligation. No credit check until you are ready.
Our Presence
Click on endorsed states to see our direct resources!
Frequently Asked Questions
If your current lender is unwilling to modify your loan, we can help you explore alternative lenders or loan programs that might offer more flexible terms. NMHL has relationships with multiple investors and can often find a solution that works for your situation. We'll work with you to identify the best next steps and provide guidance throughout the process.
A short sale or deed-in-lieu can impact your credit score, but it's often less damaging than a foreclosure. We'll help you understand the potential consequences and work with you to minimize the impact. Additionally, we can provide guidance on rebuilding your credit over time.
While it can be more challenging, it's not impossible to qualify for a new mortgage if you're underwater on your current loan. We'll review your overall financial situation, including your income, credit score, and other factors, to determine the best options for you. NMHL offers a range of loan programs, including some designed for borrowers with complex financial situations.
The loan modification process can vary in length, depending on your lender and the complexity of your situation. On average, it can take anywhere from a few weeks to a few months. We'll work closely with you and your lender to ensure the process moves as quickly as possible and provide regular updates on your progress.
If you're facing foreclosure, it's essential to act quickly. We can help you explore alternatives, such as a short sale or loan modification, to potentially avoid foreclosure. We'll also work with you to understand the implications of foreclosure and develop a plan to move forward, whether that involves staying in your home or transitioning to a new one.
Want to talk through your options with someone who's helped hundreds of people in your exact situation? We're here — no judgment, no pressure. Let's explore the possibilities together.
We will reach out at a time that works for you. No pressure, no obligation.