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You Have Options — Protect Your Equity and Credit
Falling behind on mortgage payments can feel overwhelming—but there are options to preserve the equity you’ve built and protect your credit. I’m Jeannette Shepherd, and I help Northern Colorado homeowners explore solutions so they can make informed decisions and safeguard their financial future. With years of experience guiding homeowners through challenging situations, I focus on helping you understand every available option.
Step 1: Understand Your Foreclosure Timeline
- Learn the Colorado foreclosure process: notice of default, auction timeline, redemption period.
- Acting early can preserve equity and minimize credit damage.
💡 Teaser: The timing can make a huge difference — I can help you map out your exact deadlines.
Step 2: Evaluate Your Financial Situation
- Gather mortgage statements, income, and monthly expenses.
- Calculate potential equity:
Example: Home value $300,000 – Mortgage owed $250,000 = Potential equity $50,000
đź’ˇ Teaser: I can help you calculate exactly how much equity you can protect.
Step 3: Talk to Your Lender About Options
- Loan modification, repayment plan, forbearance.
- Benefits and trade-offs: which options preserve equity vs. affect credit.
💡 Teaser: Knowing which option fits your circumstances can save thousands — I guide homeowners step by step.
Step 4: Explore Strategic Alternatives
- Short Sale: Sell for less than owed, minimizing credit damage.
- Deed in Lieu of Foreclosure: Sometimes better for equity preservation.
- Refinancing or Restructuring Loans: Keep payments manageable.
- Selling Quickly at Market Value: Preserve the most equity.
💡 Teaser: Deciding the right path depends on your home value, mortgage balance, and goals — I can help you choose the smartest option.
Step 5: Protect Your Credit
- Acting early helps maintain higher credit scores.
- Strategies include keeping accounts current, communicating with lenders, and avoiding predatory solutions.
đź’ˇ Teaser: I show homeowners exactly how to protect their credit while navigating difficult decisions.
Step 6: Take Professional Guidance
I act as your teacher and strategic guide, helping you understand your options and make educated choices. Every homeowner’s situation is unique — personalized advice can protect both equity and credit.
đź’ˇ Implied Realtor Role: My expertise in the Northern Colorado housing market allows me to provide guidance that also considers potential sales or short-sale scenarios.
Step 7: Take Action
Checklist:
- Gather mortgage statements and financial records.
- Schedule a vetted consultation.
- Contact your lender with initial questions.
FAQ Section
Can I stop foreclosure and keep my equity?
Yes, there are options like short sales or loan modifications. Your best path depends on your home value, mortgage balance, and goals — I can guide you personally.
Which option will best protect my credit?
Acting early and choosing the right strategy is key. I help homeowners create a plan to minimize credit impact.
Can I sell my home even if I’m behind on payments?
Yes. There are solutions that let you sell while preserving equity — and I walk you through exactly how.
Are there Northern Colorado programs for distressed homeowners?
Yes. I help homeowners find programs that fit their situation and maximize benefits.
Ready to Explore Your Options?
Hi, I’m Jeannette Shepherd! I help Northern Colorado homeowners understand all available options to protect their home, equity, and credit. Let’s make sure you’re making the smartest choices for your future.
