Rent the Property
Most people facing foreclosure want to hold on to their home. Because rental properties are still very desirable in the Bay Area, the rent you can get for your home may be sufficient to cover the mortgage payment.
This option allows you to retain ownership, but there are drawbacks. You must collect enough rent to cover other property expenses, maintenance and management, along with the mortgage. Beware, if you collect rent and stop paying the mortgage, this is considered fraud and constitutes a legal issue.
We will explore with you the economic feasibility of renting your property. If the option is viable, we can refer you to rental agents in your area who can help handle the details.
We are here to help
