If you’re behind on mortgage payments in Richmond, CA, it can feel like the walls are closing in. Whether you’re a few weeks late or already received a Notice of Default, the fear of losing your home is real — but you’re not out of options.
Many homeowners in Richmond find themselves in this situation due to job loss, medical bills, divorce, or simply rising living expenses. Whatever the reason, this guide walks you through what to do next — including how to sell your house fast to a cash home buyer in Richmond to avoid foreclosure.
What Happens When You Miss Mortgage Payments?
Here’s how the typical foreclosure timeline works in California:
- Day 1: Missed payment triggers lender notices
- 30–60 Days: You may receive a formal Notice of Default
- 90+ Days: The lender can file for a trustee sale (foreclosure auction)
- After Foreclosure: You could lose your home and damage your credit for years
The longer you wait, the fewer options you have — and the more fees, penalties, and stress build up.
Option 1: Request a Loan Modification or Forbearance
Many lenders offer:
- Loan modifications (permanent payment reduction)
- Forbearance (temporary pause in payments)
- Repayment plans to catch up over time
But if your income hasn’t recovered, or you’ve missed too many payments, these options may not be approved — or may only delay the inevitable.
Option 2: Refinance the Loan (If You Qualify)
If you still have equity and a decent credit score, refinancing may lower your payment. But most lenders won’t approve refinancing if you’re already in default.
Option 3: Rent the Home Out
Some Richmond homeowners try to rent out their home to cover the mortgage. But this only works if:
- The property is in good shape
- You have time to screen tenants
- You’re not already under pressure to sell
This strategy also requires becoming a landlord — which comes with its own challenges.
Option 4: Sell Your House to a Richmond Cash Home Buyer
If you’re overwhelmed and just want to avoid foreclosure, selling the home as-is for cash may be your best option. At R&H Distressed Properties, we help Richmond homeowners sell quickly — no repairs, no agents, and no delays.
We’ve helped homeowners in Iron Triangle, Hilltop, Belding Woods, and all over Richmond get out from under mortgage debt and move on with peace of mind.
Why Richmond Sellers Work With Us
✅ Sell as-is — no repairs or cleaning needed
✅ Close in 7–14 days
✅ Avoid foreclosure and protect your credit
✅ No realtor fees or commissions
✅ We work directly with your lender, if needed
Whether you’ve missed one payment or are weeks away from auction, we’ll provide a clear, fast solution.
Get Help Before It’s Too Late
The sooner you act, the more options you’ll have. Don’t let a few missed payments turn into a foreclosure. We’re local Richmond buyers who understand the pressure you’re facing — and we’ll treat you with respect.
👉 Request a free cash offer today
📞 Or call/text us at (925) 302-2905
FAQ – Behind on Mortgage in Richmond, CA
Can I sell my house in Richmond if I’m behind on payments?
Yes. We buy homes in pre-foreclosure and help sellers avoid auction.
Will I owe money after the sale?
No. We work with your lender to ensure the loan is paid off, and you walk away free and clear.
What if I have no equity?
Even with little equity, we can often work out a solution that avoids foreclosure and credit damage.
Which areas of Richmond do you buy in?
We buy throughout Richmond, including:
- Iron Triangle
- Marina Bay
- Hilltop
- Belding Woods
- Southside
- North & East