What is a distressed homeowner?

A distressed homeowner is someone facing a financial pressure serious enough to put the home itself at risk, most often missed mortgage payments, an unaffordable property tax bill, or major repairs the owner cannot fund. The term covers a wide range of situations, from someone a few months behind on payments to someone already facing a scheduled foreclosure sale. Options at that point usually include a loan modification, a short sale, or a straightforward sale before the situation worsens further. Joel Boss works with distressed homeowners across North Metro Atlanta and keeps those conversations confidential.