Residential and Commercial Real Estate
Mercy House Real Estate is honored to be teaming up with The Vineyard and Mercy Warehouse in Laguna Niguel, serving our community with excellence, integrity, and compassion.
A portion of every residential and commercial sale is dedicated to providing housing and essential support for widows, orphans, and the fatherless throughout our region.
Our heart is to offer not just hope, but dignity, stability, and a path to a brighter future.
When you sell with Mercy House Real Estate, you receive expert representation and help transform lives through real housing solutions.
List with Love. Live with Impact.
Using the best real estate Lawyers since 2009 to assist homeowners at no charge!
Know Your Rights • Protect Your Equity • Sleep Better at Night
Mercey House Real Estate — Foreclosure Advocacy & Homeowner Protection Division
If you’re 90 days behind on payments or facing foreclosure, you still have rights, time, and powerful legal protections under the Homeowner Bill Of Rights. Our role is to educate, guide, and help California homeowners make smart, safe, and confident decisions without fear.
Most California non-judicial foreclosures take 6–9 months from the first missed payment to auction.
That means you likely have options — and you shouldn’t panic.
Missed Payments (Days 1–120)
Banks generally cannot start foreclosure until you are 120+ days delinquent.
Notice of Default (Starts 90-Day Reinstatement Period)
This officially begins pre-foreclosure.
Notice of Sale Filed
If unresolved, the sale is scheduled.
Auction — No Sooner Than 21 Days Later
Homeowners can legally delay a foreclosure sale while attempting to sell:
✔ 45-Day Delay — submit signed listing agreement
✔ Additional 45-Day Delay — submit a bona fide purchase contract
➡️ Up to 90 extra days of breathing room.
This can:
✔ Protect equity
✔ Prevent foreclosure on record
✔ Reduce stress
✔ Create options instead of panic
Many homeowners receive:
Forgiven debt may be considered taxable income depending on:
✔ Insolvency status
✔ Federal relief rules
✔ Primary vs investment home
✔ Recourse vs non-recourse loan
✔ California vs Federal differences
📌 Every situation is unique — always consult a CPA or tax attorney.
Understanding your loan type can affect whether the bank can seek additional money after foreclosure.
Often, the lender’s remedy is limited to the property only.
In some situations, lenders may have the right to pursue remaining debt.
This can impact:
✔ Financial exposure
✔ Tax outcomes
✔ Whether short sale, modification, or alternative strategies make sense
📌 This is a legal issue — speaking with a qualified California real estate attorney is strongly recommended. Call (949) 322-4567 to see if the attorneys can take your file for free.
There is active federal discussion regarding extended mortgage terms (possibly up to 50 years) for qualifying distressed homeowners if approved and implemented.
Potential benefits:
✔ Lower monthly payments
✔ Financial reset opportunity
✔ Foreclosure alternative
We stay alert so homeowners are informed of safe, legal relief programs as they develop.
I am a Foreclosure Advocate and Real Estate Broker who's worked with Real Estate Attorneys since 2009 and am committed to:
💪 Protecting California homeowners
📜 Supporting you through the Homeowner Bill of Rights
✔ Exploring safe, legal options
❤️ Reducing fear and restoring peace of mind
You deserve clarity. You deserve dignity. You deserve support.
You don’t have to navigate this alone.
Mercy House Real Estate • Foreclosure Advocacy Division #01799125
Helping California homeowners protect what matters most.
Rick Colson, Broker and Founder!
Lawyers Realty Group Ca. #1 Real Estate Attorney in Ca.
Derik N. Lewis, ESQ
"I’ve known Rick for over a decade, and, during that time, he has consistently demonstrated his skill and dedication as a Realtor. Rick takes the time to listen to his client's needs and concerns, and he goes above and beyond to ensure that they are satisfied with the outcome, Rick is simply a great person. Through some of the most challenging times for the Southern California real estate market, Rick has remained steadfast in his efforts to help his clients achieve their goals. What sets Rick apart from other Realtors is his genuine care for his clients. He is kind, compassionate, and always willing to lend a helping hand.
Jay Rubenstein, Broker
$1.6B per year in sales
Compass,Malibu, Ca,
I’ve known Rick for over 45 years and I find him to be a very trustworthy person to help people with all types of Real Estate needs. He is also patient, and kind and loves to work selling homes from Santa Barbara, Malibu, and Orange County.
Terry Jones
Jack In The Box
Dana Point, Ca
I have encountered many Real Estate brokers in my time, some good and some not so good, so hiring Rick to sell my home in Monarch Bay pushed the envelope further in so many ways, and all of them are good! His upbeat attitude is not forced, but a genuine reflection of his outlook on life, and his willingness to help me improve, clean & present the home in the best light, was over & above what I had expected. He had many ideas about the custom marketing of the property and employed an excellent photographer and even a drone for those eye-in-the-sky shots of my home. We had many open discussions on the pros & cons of various tactics, some of which were very intense, but through it all we maintained a great working relationship, which culminated in the sale of my home. Rick is passionate about his profession and has many fresh & interesting ideas on how to achieve set goals, so if you are looking for someone to represent you either selling or buying property, especially in the So County Coastal area, you would be hard-pressed to find someone better than Rick Colson, alias ‘Rick the Realtor’.
Mary Duncan
La Quinta, PGA Stadium Course
Rick has a huge heart for seniors and he seems to enjoy working with the elderly. He is very knowledgeable about the real estate market and has a great friendly personality! He also works with seniors on improving their memory and he is loves to help improve the quality of life for seniors that are home bound and looking for answers for socialization. We look forward to working with him to help seniors find solutions for Retirement Communities. Give him a call if you need to sell your house!!
Kristen Baberaki
Rick is a one-of-a-kind Realtor. We done many deals together over the years and Rick Colson cares deeply for each of his clients and everything he does is for their benefit and best interest. I highly recommend the services of Rick Colson if you are looking to buy or sell Real Estate in Orange County!
Have a question or want to schedule a showing? Contact us today and we'll get back to you as soon as possible. realestate for sale
I have encountered many Real Estate brokers in my time, some good and some not so good, so hiring Rick to sell my home in Monarch Bay pushed the envelope further in so many ways, and all of them are good! realestate for sale selling your home real estate sales
This remarkable property in Malibu was sold in just 91 days! It captured significant attention and interest from buyers, making it an outstanding opportunity. Don't miss your chance to own a stunning piece of paradise like this! Although the previous structure was destroyed in a fire, the newly built property remains safe and intact.
An equity real estate sale occurs when a homeowner sells a property for more than the mortgage amount owed. Currently 95 % of our transactions are equity sales, showcasing the successful outcomes we facilitate.
A distressed real estate sale is a property that is being foreclosed on. After not paying a mortgage for 90 days the bank has the right to file a Notice Of Default. If the notice is not attended to it usually ends in a Sherrif Sale or Foreclosure Sale date. We are experts at handling all these matters defending the homeowners.