We are seeing more Notice of Defaults, people need to know that they have options.

Over the past several months, more homeowners are quietly receiving Notices of Default — often without fully understanding what that letter actually means.

An NOD is not the end.
It’s the decision window.

What happens next depends largely on whether action is taken early — or avoided out of fear.

First: Talk to the Bank

They don’t always volunteer information — but asking can open doors.

Refinance 

In certain cases, refinancing can reset payments and stabilize the situation. This option depends on qualification, equity, and timing — but it’s worth exploring early.  I can connect you with a lender.

Consider Turning the Home Into a Rental

If rental income can realistically support the mortgage, this option can preserve ownership and buy time.

Family Investment or Partnership

Some homeowners overlook this option entirely. A family member investing or partnering can create flexibility and prevent forced outcomes.

Sell — Including Short Sale Solutions

Selling early protects credit, preserves dignity, and keeps control with the homeowner.
If equity is gone, a short sale is not a failure — it’s a strategic exit handled the right way.

The One Option That Hurts the Most

Doing nothing.

Foreclosure removes control, limits choices, and creates unnecessary long-term damage — often when other solutions were available earlier.

If you or someone you know is facing this situation, a calm conversation can change the outcome.

Here's a quick YouTube video Your Options VS Foreclosure | Click Here 👇🏻

👉 Reach out for a private, no-pressure discussion and get clarity before decisions are made for you.

Patti Gregory, Realtor | Your Partner in Success | 714.398.1998

REAL Brokerage | DRE 01182154