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
💡 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.
💡 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.
💡 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.
