Did You Have Trouble Paying Your Mortgage During COVID? What 2021 May Look Like For You in Sacramento

Having Trouble Paying Your Mortgage During COVID_ What 2021 May Look Like For You

Did you have trouble paying your mortgage during COVID? It’s estimated that 400,000 homeowners who qualified for government-backed mortgage forbearance programs did not take advantage of the benefits and fell behind on their mortgages.

Nationally, an average of 1 in 10 homeowners are behind on their payments. These homeowners are living daily fearing the possibility of foreclosure and eviction. 2021 may find you among the number of homeowners a property you want to sell. This could translate to a flood of properties on the market; you can get ahead of the game by selling to a professional buyer now. 

Time Waits for No One

If you’re among those who’ve faced a dramatic downturn in your financial circumstances,  paying your mortgage during COVID in Sacramento may have become unsustainable. And the time to act is now. Your lender may work with you to get your loan current, but you could have to take out a second mortgage or take other extreme measure that require good credit and income history.

When you’re considering your options, it’s important to consider the advantages of selling to a professional buyer now. This option has none of the last-minute surprises of dealing with inexperienced buyers may fail to close unexpectedly. Unlike traditional listings, with a professional buyer you’ll have a guaranteed sale, a closing date you can rely on to avoid foreclosure, and you don’t even have to complete any property repairs.  

Investing to Exit

If you’re having trouble paying your Sacramento mortgage after COVID, traditional home sales mean preparing your home to present on the market. Unless your property is brand new or in superb condition, you will need to complete repairs on blatant issues, and possible renovations and upgrades to appliances or electrical systems. You also have to pay a realtor for their services and the advertising efforts necessary to make your home stand out.

A real estate agent may also include a staging strategy at your expense. And then there are the commissions and closing costs that limit your profit. When you’re already struggling to stay afloat, these costs may be impossible for you to afford. 2021 may look much brighter for you by making the decision to sell to an experienced professional buyer, you will know their offer will be for the house as is, and there won’t be any of these deductions from the price you’re offered. 


While it’s easy to quote statistics that indicate the exact costs of going to foreclosure, calculating the emotional toll isn’t such an easy job. After struggling for months to survive financially, during a global pandemic, you may be burnt out. And then the bank starts contacting you about going into foreclosure.. Owning a home is a big piece of the American dream, and to see it lost can be heartbreaking in and of itself. Listing your home in a traditional method, either with a real estate agent or selling it by owner, means an entirely new source of stress.

Your life will be interrupted by open houses and deep cleaning session. You may grow wary of offers that don’t pan out — and all the while, you’re paying utilities and accruing mortgage late fees.  If you’re having trouble paying your Sacramento mortgage during COVID, why not consider selling now to a professional buyer? Avoid all of the sleepless nights and headaches with other selling options, otherwise, 2021 may bring not only financial disaster but emotional exhaustion for you and those you love.

Having trouble paying your mortgage during COVID? Without decisive action, you may lose your house in 2021 — why not avoid those impending foreclosure deadlines, spending more money just to sell the house, and lingering trauma to your family from the process, sell now instead to California Family Homebuyers. To learn more about us and what we can do for you, send us a message or give us a call today at (916) 907-6116!

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