Foreclosure is a stressful and unpleasant experience, not to mention the impact it has on your credit score, your ability to obtain a mortgage and it may even affect your employment for the years to come. No one wants to have to go through the foreclosure process.
But life happens…job loss, divorce, unforeseen illness/disability, death in family, underemployed, business loss, etc.
No matter the situation that brought you to defaulting on your mortgage payment and facing potential foreclosure, we have the solution for you.
Related article: Protect Your Home with Life Insurance
The most important thing to remember is that you always have options.
We’ll help you understand your situation and what options are available and best for you.
What options are available to avoid or stop a foreclosure?
Option #1: Selling Your Home Quickly
This is the simplest option of all if you don’t own more than the home is worth. You can easily sell your home in the conventional way with a real estate agent, listing on the MLS.
Or you can sell your home to us without any agent’s commission, as we’re not real estate agent. We’ll buy your home in “as in” condition.
You’ll get your money quickly as this would be a cash transaction. A traditional home buyer with bank loan would need a minimum of 30 days to close on the transaction.
Option #2: Short Sale
A short sale is similar to option #1, except you owe more than your home is worth. For example, your mortgage balance is $500,000, but your home is now worth only $350,000.
This option is not as easy as the first because when you took out the mortgage initially the bank created a lien on your property.
You’ll need to get the bank’s approval to sell your home for less than what you owe because the bank is losing money.
Many banks would agree to such option because the short sale is a lot easier and less expensive than a full on judiciary foreclosure.
Related article: What is a Short Sale?
Option #3: Loan Modification
If your goal is to stay in your home, a loan modification is what you need. A loan modification can help you work with your bank to modify the loan term to help you stay in your home.
Check out MakingHomeAffordable.gov. Hurry, programs expiring December 31, 2016.
See…you still have three options to stop foreclosure.
Don’t delay…contact us now or fill out the form above.
I am a real estate investor and can buy your home in "as-is" condition as an investor (not as a real estate agent).
Therefore, you pay no commission or service fees to me at all.