Financial situation? We can help you Sell your Home and Alleviate Stress.
You Are in a Foreclosure
Foreclosure happens when a homeowner/borrower fails to pay their mortgage loans as per the agreement. The lender then seizes your home and resells the home to recoup the financial losses incurred due to the failed payments.
Under federal laws, the mortgage servicer cannot start a foreclosure until over 120 days overdue on payments and in different jurisdictions, foreclosure can take months to complete. During this process, you still own the home and are allowed to sell until a sale is finalized at a real estate auction.
While it is possible to sell while in foreclosure or preforeclosure, you may be better off selling to an investor who can help bring your home out of foreclosure before the sale. This will stop a charge-off from being added to your credit history which has very negative repercussions like a foreclosure would.
Chat with us how we can save your credit by selling your home for cash.
You Have Taxes or Liens on Your Property
Have you been keeping up on your tax payments? Is the correct amount coming out of your mortgage payments or paycheck to cover all your taxes? If not, you may be receiving legal notices about backed taxes. If you ignore those notices, when you least expect it, the local authorities in your county or city may place a legal claim or tax lien against your home. If these liens are not paid, then your house can be seized by the government.
Need help with selling your home due to a financial situation?
Call us Today to discuss your options:
The reality is, the government doesn’t want your home and would rather just have the taxes paid. You have a few options to make those payments and you can negotiation payment options but if you can’t catch those payments up, you can sell your home and recover enough money to pay off the taxes to the city, state, or Federal government and the IRS. This option works best if you have enough equity in your home to pay enough taxes and the mortgage. If you have liens against your property and need to sell, we can still buy your home for cash and negotiate tax liens if you are in a situation where the debt is too high and will not be covered by the sale.
Other financial situations
How to Stop Foreclosure
1. Talk To Your Lender
2. Request Forbearance
You will need to ensure that you use this time to stabilize your finances so you can continue making payments. Debt and interest are accrued during this time so the sooner you can bring them out of forbearance, the better.
3. Request a Loan Modification
4. Consult a HUD-Approved Counseling Agency
5. Sell Your Home Quickly
A short sale occurs when the mortgage amount is actually greater than how much the home is worth. This is also called being “underwater.” Ensure you talk to your lender before pursuing this option as this can be a very long process but banks are often willing to take less than you owe them on your loan and forgive the remaining parts of it. You will use the money from the sale to pay the lender and pay all the remaining taxes.
As we mentioned above, selling for cash may be your best option as after we come to an agreement, we can get your loan out of foreclosure before purchasing, removing all bad credit marks, helping you get back on your feet as soon as possible.
Still have questions?
Give our team a call anytime or schedule a FREE consultation with one of our co-founders to discuss options for your home.
Frequently Asked Questions About Financial Situations
Your Title Goes Here
Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.