
When you buy a house, you’ll never anticipate losing it in unforeseen circumstances that happen beyond your control. If right now, you’re facing the possibility of losing your house due to foreclosure, you’re not alone, we are here to guide you in this tough time. We understand that life is unpredictable, and emergencies can happen that may make it impossible to pay your mortgage on time. Whether because of job loss, medical bills or increasing living expenses, that’s normal – that’s why we’re here to help.
Ready to know the ways of avoiding foreclosure and walking away with money on hand without hurting your credit? Let’s explore this together!
What is Foreclosure?
Foreclosure happens when you suddenly stop making mortgage payments, and your loan defaults. Once this happens, the lender files a lawsuit with the appropriate court to claim ownership of your house. The house is then sold at a public auction to recoup the debt – but not before tacking on late fees, legal fees, and potentially leaving you with nothing.
The Consequences of Foreclosure
The effects of foreclosure can last for years:
Credit Damage: Foreclosures remain in your credit report for seven (7) years, making it harder to qualify for loans or lease a home.
Loss of Equity: You lose any equity you may have built up in your house.
Deficiency Judgment: If the sale of your house doesn’t cover the mortgage balance, the lender can sue you for the difference – leaving you in debt even after losing your house.
What to do If You Can’t Pay Your Mortgage?
The key is to act quickly. The longer you wait, the fewer options you’ll be left with.
Reach Out to Your Lender: Describe your circumstances and request loan adjustments, repayment arrangements or temporary forbearance.
Look for House Counseling: HUD-approved housing counselors can help you better understand your options.
Respond to Legal Notices: If foreclosure proceedings have started, never ignore court documents. Responding could buy you time or open up options like short sales or deed-in-lieu agreements.
Sell Your House for Cash: If you don’t want to be subjected to the process of foreclosure, selling your house to reputable cash buyers might just be the quickest way to stop the legal proceedings and save your credit.
How to Sell Your House for Cash?
At Sell Your House Fast, we specialize in finding solutions for homeowners who want to sell their house quickly – even if your house is already in the pre-foreclosure stage or you’re just simply tired of dealing with it.
Here’s how our process works:
Request a Free, No-Obligation Cash Offer: Simply send us your information or call to briefly help us understand your situation. We’ll provide you with a free, no-obligation cash offer after assessment by one of our local experts.
No Repairs, No Showings: Unlike the traditional method of selling houses, we buy houses as-is – cleaning, repairing or showing is unnecessary.
Fast Closing: Close in a week or within your preferred timeline so that you can have money in your pocket to settle obligations before foreclosure even occurs.
Unloading Stress: We’ll even manage the paperwork and help with paying with your remaining mortgage amount!
Work with Sell Your House Fast!
There’s no reason to be stressed when you can stop or avoid foreclosure proceedings today! Don’t act before it’s too late – act as soon as you can to have a lot of options and walk away with cash.
Send us your information today and get in touch with one of our local experts! Let us help you move forward without the burden of foreclosure weighing you down!