We also recognize that today's volatile housing market can often put homeowners in unexpected—and sometimes unpleasant—situations. Our expertise in the foreclosure market can help you save your home, and ensure your family's peace of mind. Whether you are faced with late payments, oppressive loans or foreclosure, Reliance Residential, LLC can help.
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Welcome to Reliance Residential, LLC. We offer a wide range of real estate services to northwest property owners and investors. Whether you are looking to sell your home or invest in real estate, Reliance Residential's team of knowledgeable experts can guide you down the difficult road of a real estate transaction.
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What Happens if I Miss my Mortgage Payments?
Home owners who miss mortgage payments are treading on thin ice, as they leave the door open for the lender to repossess their home. When this happens, the owner is forced to move out of their house. If the home is worth less than the amount owed on the loan, not only will the property be lost, but the owner will be liable for the additional monies lost by the mortgage company. Foreclosure can have a direct impact on one's credit, and should be avoided if possible.
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"I loved my house and did not want to move, but after 15 years of living there, the house required a lot of fixing up, which I could not afford. I was barely able to
pay my mortgage let alone put a new roof on the house.
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