Quick Answer
Yes — there's a way to get the mortgage off your back without selling traditionally, going through foreclosure, or hurting your credit. We buy your home and continue making the monthly payments to your lender on your behalf. You walk away from the house and the payment, in a few weeks, with the keys to your future back. Available across Florida and New Jersey.
We Take Over the Mortgage Payments. You Walk Away.
The fastest way out from under a house you no longer want — without listing, repairing, or wrecking your credit.
See If You Qualify →Who This Is Actually For
This isn't a fit for everyone. It's built for homeowners in one of these spots, where a normal sale doesn't pencil out or doesn't move fast enough.
You bought near the peak
You owe close to (or more than) the home is worth. Listing means paying the agent fee out of pocket just to leave. We take it off your hands without the bleed.
The payment is choking you
Income changed, rates climbed when you refinanced, or life got expensive in ways the budget didn't plan for. The mortgage went from comfortable to suffocating.
You need out fast
Job in another state, divorce, a parent who needs you closer. A listed home that sits on the market for months isn't a real option.
The house needs work you can't fund
Roof, HVAC, foundation, deferred maintenance you've been pushing off. A regular buyer's inspection will torpedo the deal — or eat any cash you'd walk away with.
You're a payment or two behind
Not in foreclosure yet, but the late notices are starting. We can catch the loan up at closing as part of taking it over.
You want to protect your credit
Walking away or letting foreclosure happen drops your score for years. Because we keep the payments current, the loan keeps reporting on time — your credit doesn't take the hit.
How a Mortgage Takeover Actually Works
No tricks, no fine print. Here's what happens, in the order it happens, so you know exactly what you're agreeing to before you ever sign.
You tell us about the house and the loan
We need three numbers to know if this works: roughly what the house is worth, the unpaid balance on your mortgage, and what the monthly payment is. A 10-minute call gets us there. If the math doesn't work, we'll tell you on the same call — no chasing.
We make an offer that includes the payment takeover
The offer is built around your remaining balance and your monthly payment. If you have equity, we work out what we pay you for that — cash at closing, payments over time, or a combination. If you don't have equity, our offer is simply: we take the house, you stop making the payment.
A title company closes the deal
Same kind of closing as a regular home sale — title search, deed prep, recorded with the county. The difference is what comes with the deed: a written agreement that obligates us to keep your existing mortgage paid on time, plus protections that revert the property to you if we ever fail to perform.
We pay the mortgage. You're done with the house.
From the first payment after closing forward, the money going to your lender comes from us. You don't write the check. You don't get the statements. Your credit gets the benefit of those on-time payments without you funding them. Whenever the loan eventually pays off — sold to a new buyer, refinanced, or paid down to zero — the original mortgage closes out clean.
What You Walk Away With. What We Take On.
Your Side
What you walk away with
- check_circleNo more monthly mortgage payment
- check_circleNo more property tax bill or homeowner's insurance bill
- check_circleNo agent commission, no closing costs out of your pocket
- check_circleNo repairs, no staging, no showings
- check_circleA clean exit in a few weeks — pick the closing date
- check_circleAn on-time payment history that keeps reporting on your credit
- check_circleAny equity paid out per the terms you agreed to
Our Side
What we take on
- task_altThe monthly mortgage payment to your existing lender
- task_altProperty taxes, insurance, and HOA dues
- task_altAny back payments or arrears to bring the loan current
- task_altAll repairs and ongoing maintenance from day one
- task_altEventual payoff of the loan when the property is resold or refinanced
- task_altTitle transfer, recording, and all closing logistics
- task_altThe risk of vacancy, tenant issues, and market shifts
Three Ways Out — Side by Side
If you're trying to decide whether to list with an agent, sell to a cash buyer, or have us take over the payments, here's how the three actually compare on the things that matter.
| List With an Agent | Traditional Cash Sale | Mortgage Takeover | |
|---|---|---|---|
| Time to close | 60–120+ days | 7–21 days | 2–4 weeks |
| Works if you're underwater | Rarely — requires short sale | Rarely — needs equity | Yes |
| Agent commission | 5–6% | None | None |
| Repairs needed | Often required | None | None |
| Net price you get | Higher gross, lower net after fees | Below market | Closer to market — we're not discounting for cash |
| Credit impact | Neutral if not behind | Neutral if not behind | Positive — payments keep reporting on time |
The Honest Tradeoffs You Should Know
Nothing about this is magic. There are real tradeoffs, and the right buyers explain them before you sign. Here's what you should think through.
The loan stays in your name on paper
Until the mortgage is paid off, refinanced, or assumed, your name is still on the original loan with your original lender. That's the part that lets us keep the favorable interest rate and not have to qualify for new financing — but it does mean the loan shows on your credit report. Because we're keeping it current, that's actually a feature: it continues building positive payment history for you.
Lenders technically have a due-on-sale clause
Most mortgages include a clause that says the lender can call the loan due if the property is sold without paying it off. In practice, lenders almost never enforce this when the loan is being paid on time every month — they're getting exactly what they bargained for. If a lender did call the loan due, our agreement includes provisions for handling it, including refinancing into our name or paying off the balance.
You're trusting us to keep the payment current
This is the real ask. You're trusting that the company taking over has the financial standing and the track record to make a 12-monthly-payment commitment turn into a 120-monthly-payment commitment. That's why the agreement gives you a path to take the property back if payments are ever missed, and why working with an operator with a real footprint and public reviews matters more than the offer number.
You can't take out new mortgages while this is in place
Because the loan still shows on your credit, lenders will count the payment against your debt-to-income ratio if you apply for a new mortgage during the takeover period. If you're planning to buy another home soon, talk to a lender first about how this will look. Many of our sellers either rent for a stretch first or buy with cash from the equity payout.
"I refinanced at 2.8% and then life went sideways. The payment was fine on paper but I just couldn't carry the house anymore. Pallas stepped in, took over the mortgage, and I haven't thought about that house since. My credit is actually better now than when they took it."
James R.
Polk County, FL
A Real Footprint in Florida & New Jersey
When you hand a buyer responsibility for your mortgage, the buyer's track record matters more than anything else on the page. We've been buying houses across both states for years — not as a national franchise that turns over staff, but as a local operator that closes, holds, and answers the phone.
Specific Situations We Cover
If one of these describes you more specifically than "I want out of my mortgage," start here.
Behind on Payments
30, 60, or 90 days late — but not in foreclosure yet. Catch the loan up at closing and stop the slide.
Read more →
Owe More Than It's Worth
No equity, can't sell traditionally without bringing money to closing. The takeover bypasses that math.
Read more →
Can't Afford the Payment
Job change, divorce, medical, relocation. When the budget stops working, there's a way out that doesn't ruin your credit.
Read more →
Facing Foreclosure (FL)
If an auction date is on the calendar or a lis pendens has been filed, you need a faster path. Start here.
Read more →
Facing Foreclosure (NJ)
New Jersey's judicial timeline gives you more runway than most states — we use it to engineer a clean exit.
Read more →
Tired Landlord
Rental property with a mortgage and tenants you're done managing? The takeover works with occupied properties too.
Read more →
Frequently Asked Questions
What does it mean when you "take over the payments" on my mortgage?
It means we buy your home and continue making the monthly payments to your existing lender on your behalf. The loan stays in your name on paper, but the responsibility for the payment shifts to us from closing day forward. You hand over the keys and walk away with the obligation off your plate.
Is this legal? It sounds too good to be true.
Yes. Real estate investors have used this structure for decades. The transaction is recorded with the county, a title company closes the deal, and you sign a formal agreement that obligates us to keep the mortgage current. It's not a workaround — it's a recognized type of real estate transaction. We do recommend having your own attorney review the paperwork.
What happens to my credit?
Because the payments keep being made on time, your mortgage tradeline stays current and continues to report positive payment history. That's actually one of the biggest reasons homeowners choose this over walking away or letting foreclosure happen — your credit doesn't take the hit.
What if you stop making the payments?
We commit to keeping the mortgage current in writing, and we have a real financial incentive to do exactly that — if we miss payments, we lose the house we just bought. The agreement also gives you a direct path to take the property back if the unthinkable happens. Your protection is built into the deal.
How long does the original mortgage stay in my name?
Until the loan is paid off, refinanced, or the property is sold to a new buyer who gets their own financing. That's typically anywhere from a few years to longer, depending on the loan and the market. Many homeowners are comfortable with that because the payments are being made for them the entire time.
Can I do this if I have equity in the home?
Yes. If your home is worth more than what's owed, we can pay you the difference at closing — either as cash, a structured payout over time, or a combination. The right setup depends on your situation, and we'll walk through the math with you before anything is signed.
Do you do this in Florida and New Jersey?
Yes. We buy homes this way across Florida and New Jersey — Orlando, Tampa, Jacksonville, Miami, Newark, Jersey City, Camden, and surrounding markets. The process is the same in both states; only the local title customs differ slightly.
See If Your Loan Qualifies
Tell us a little about the house and the loan. If the takeover works, we'll send you a written offer within 48 hours. If it doesn't, we'll tell you why — and what your better option is.