If you're thinking of not paying your mortgage for a while, you're not alone. Millions of people across the country are facing financial hardship. Thanks to the CARES Act, you may be able to put off paying your loan for up to twelve months. There are some things you need to know with regard to the COVID-19 mortgage forbearance. Before you delay your payment, make sure to read the fine print. Many lenders across the nation are allowing borrowers to not pay their mortgages during the coming months due to job layoffs because of the national pandemic. This is not free money or a gift. You will still have to make those payments. Some lenders will allow borrowers to tack the unpaid payments onto the back end of the mortgage. Other lenders, though, will require a balloon payment after the period of non-payment ends. If you're having difficulty coming up with one month's mortgage payment, imagine having to come out of pocket for several months at one time. Putting off paying your mortgage in this case would be a very bad idea. If you are looking to get out from under your mortgage, I can help. One of the creative ways I buy houses is by taking over the mortgage payments. This is not a loan assumption; we do not ask the bank's permission. After closing, I simply begin making payments for you. The property is deeded to me, but the loan stays in place. It is a way of closing quickly, with no new bank financing, no appraisals, no inspections, etc. I write the Purchase and Sale Agreement, title is pulled, and the Savannah real estate attorney (or the attorney is whatever town in which the property is located) will begin working toward a quick closing. If you have a house with too little equity to sell with a Realtor, this is a great option for you. Call or text me at 912-665-4336 to learn how quick and easy a home sale can be!