Are You Struggling to Keep Up With Your Mortgage Payment?

By Sandra Kilgore, GRI, ABR, SFR –

There are options.

Rising costs and changing economic conditions are creating financial strain for some households. Early signs show that more homeowners may need guidance and support in the coming months. Several metro areas have seen year-over-year rises in default notices and scheduled auctions. These are important early warning signs that more homeowners are struggling to keep up with payments.

A combination of factors is driving this trend. Home insurance costs have climbed sharply, interest rates remain elevated, and affordability has become a challenge for many families.

For homeowners with adjustable-rate mortgages, payment increases can be sudden and significant. Everyday expenses—from groceries to utilities—are also impacting monthly budgets.

If you’re experiencing financial stress, you’re not alone. These market shifts affect ordinary people, and there are more options available than many realize. One of the most important to understand is the short sale.

Historically, when foreclosures rise, short sales become more common. They’re often a way for homeowners to avoid foreclosure, protect their credit from the worst damage, and move forward with fewer long-term financial consequences.

A short sale allows you to sell your home for less than what you owe on the mortgage—with your lender’s approval. It can be a lifeline for families who want to prevent foreclosure.

Whether you’re behind on payments, worried about upcoming rate resets, or simply unsure what to do, reaching out early can make a significant difference. Many homeowners qualify for assistance, loan workouts, or alternative solutions that can ease the burden.

Please feel free to reach out for your free, no pressure consultation.

Kilgore & Associates Real Estate
Sandra Kilgore GRI, ABR, SFR
Cell: 954-540-5593, [email protected]
AshevilleKARE.com

Asheville Kare Property Management
828-333-7101, [email protected]
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