Behind on Your Mortgage
in Miami-Dade or Broward?
If you have missed payments, received a notice of default, or already been served preforeclosure documents, you still have options. Most of them get narrower the longer you wait, which is the one thing nobody tells you early enough.
Call (305) 845-1851
I am Henry Gonzalez. I have been buying houses in Miami-Dade and Broward since 2018, and this situation is one of the most common reasons a seller calls me.
What Usually Happens, and Why Selling Is Hard
Once you fall behind, the lender adds fees and the amount needed to bring the loan current grows every month. Meanwhile the traditional route does not fit: listing takes time you do not have, agent commissions and closing costs come out of whatever equity is left, and if there is not much equity to begin with, a normal sale can leave you owing money at the table.
That is the trap. The house is worth something, but selling it the usual way costs more than it returns.
What I Can Do Instead
- Bring the loan current. I pay what is behind directly to the lender, in full.
- Take over the monthly payments. The loan stays in your name and I make the payments to the lender from that point on.
- Put cash in your hand for moving. Even when there is little or no equity, there is usually something we can do so you are not left covering a move you cannot afford.
- No commissions, no repairs, no showings. You are not listing the house.
This structure is called a mortgage takeover. Here is exactly how it works, step by step, including what happens to the loan and to your credit.
What This Looked Like for One Seller
Lisandra P. called after her lender told her a loan modification was not possible. There was too little equity in her South Miami condo for a normal sale to work — the fees would have taken more than the equity was worth, and she would have left the closing table owing money. Instead she paid nothing out of pocket, the foreclosure did not go through, and she moved with cash in hand.
Read her story and two others in full →
Timing Matters More Than Almost Anything
- Received a notice of default? There is usually still room to work.
- Already served preforeclosure documents? Call today rather than next week.
- Auction date scheduled? Timing becomes critical, and the options narrow fast.
I cannot promise any particular outcome, and anyone who does is not being straight with you. What I can do is look at your actual numbers on a 15-minute call and tell you honestly whether this works for your situation or not.
You are encouraged to share our purchase agreement with your personal real estate attorney.
If a Takeover Is Not the Right Fit
A mortgage takeover is one of four ways I buy houses. If it does not match your situation, one of the others may.
- Rent to own — a qualified tenant-buyer pays you cash up front and guaranteed rent, and closes at your full price.
- Seller financing — you act as the bank and collect monthly payments with interest.
- All cash — the simplest and fastest, and always my lowest offer.
Why Sellers Trust Opulent Houses
- BBB A+ Rating
- Serving Miami-Dade & Broward Since 2018
- 118+ families served
Ready when you are.
Get Your Free 15-Minute Analysis Today
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