Avoid Foreclosure
Life can throw curveballs that leave us feeling overwhelmed and uncertain. If you’re a homeowner in Salem, OR, facing foreclosure, you’re not alone. Many distressed sellers feel trapped, believing they’ve run out of options. But foreclosure doesn’t have to be the end of the road. With a little guidance and faith, there are solutions that can help you regain control and find peace of mind.
At Great Harvest Realty, we’re committed to offering faith-based solutions to homeowners in Salem, OR. Our goal is to help you avoid foreclosure while treating you with the care, compassion, and dignity you deserve. Below, we’ll explore five options most homeowners don’t know about that can help you navigate this challenging time.
1. Negotiate a Loan Modification
One of the first steps to avoid foreclosure is speaking with your lender about a loan modification. A loan modification adjusts the terms of your loan, such as lowering your interest rate, extending the loan term, or reducing your monthly payment.
Many distressed sellers don’t realize that lenders often prefer to work with homeowners rather than proceed with foreclosure. It’s worth reaching out to your lender to explain your situation and see if they’re willing to modify your loan.
Faith-Based Perspective: Proverbs 16:3 reminds us to “Commit your works to the Lord, and your plans will be established.” Trust that taking proactive steps can lead to a better outcome.
2. Consider a Short Sale
If your home is worth less than the amount you owe, a short sale could be a viable solution. In a short sale, your lender agrees to accept less than the full amount owed on the mortgage. While it may seem daunting, this process allows you to sell your home and avoid foreclosure, which is often more damaging to your credit.
Faith-Based Perspective: Sometimes, letting go of what no longer serves us allows God to open new doors. A short sale can be a fresh start and an opportunity for new beginnings.
3. Seek a Cash Offer from a Faith-Based Investor
Selling your home to a faith-driven real estate investor like Great Harvest Realty is one of the fastest and most stress-free ways to avoid foreclosure. We buy homes as-is, meaning you don’t have to worry about repairs, showings, or waiting months for a buyer.
With a cash offer, you can close quickly—often in as little as 7–14 days—and move forward with financial relief and peace of mind. Our mission is to provide solutions rooted in integrity, care, and compassion.
Faith-Based Perspective: Philippians 4:19 reminds us that “God will meet all your needs according to the riches of his glory in Christ Jesus.” Trust that there are resources and people ready to help you.
4. Explore Government Assistance Programs
There are government programs designed to help distressed sellers avoid foreclosure. Programs like the Home Affordable Modification Program (HAMP) or state-specific assistance can provide financial support or restructuring options.
While navigating these programs can feel overwhelming, there are counselors and organizations that can help guide you through the process.
Faith-Based Perspective: Trust in God’s provision and remember that seeking help is a sign of strength, not weakness.
5. Rent Out Your Home Temporarily
If you’re struggling to keep up with mortgage payments but want to hold onto your home, consider renting it out. A rental income could help cover your mortgage while giving you time to stabilize your finances.
This option may not work for everyone, but it’s worth exploring if you want to retain ownership of your home.
Faith-Based Perspective: Ecclesiastes 3:1 reminds us, “There is a time for everything, and a season for every activity under the heavens.” Renting can be a temporary solution to help you through this season.
Take the Next Step Toward Peace of Mind
Facing foreclosure can feel isolating, but you don’t have to navigate this journey alone. At Great Harvest Realty, we’re here to listen, guide, and support you with faith-based solutions that fit your unique situation.
Whether you want to explore a cash offer, a short sale, or just need someone to talk to, we’re here to help. Reach out today for a no-pressure, confidential consultation. Call us at 503-389-0386, email us at [email protected], or visit www.greatharvestrealty.com to learn more.
Let us help you turn this challenging chapter into a story of hope, healing, and new beginnings.