Many-a-times, circumstances may force you to default on mortgage payments. If you miss paying it for2-3 months, you will receive a warning from your lender/bank. This is called a Notice of Default. You will be given a certain time period to bring the mortgage to current. If you fail, they have the legal right to evict you from the house and sell it to recover their dues. If you are among the countless trying to avoid foreclosure in the US, we can help. We buy houses fast for cash in the pre-foreclosure period so that you can clear your mortgage and maybe even pocket some difference money.
Why to avoid foreclosure?
- The lender bank has the legal right to take back your home during foreclosure. This means that you lose your property.
- If the mortgage dues are higher than the worth of your property, you owe your lender a difference amount and this has to be paid by you.
- Foreclosure affects your trustworthiness to qualify for credits in the future. No bank or lender will be willing to loan you money if you have a negative credit score.
How to avoid foreclosure?
1. Contact your lender
Usually, the lender provides 3-6 months for you to catch up with the pending mortgage and become current. It is better to contact your lender and seek options. Show your keenness to pay the pending dues. They may work out a repayment plan that you can afford.
2. Use your assets
You can think of selling your second car or jewelry for cash so that you can pay the dues. If you or any of your family members are willing to take up an extra job, it will help you to settle your pending mortgage.
There are other options like filing for bankruptcy or short term rental. But the modalities are to be worked out and many-a-times this may not work in your favor.
3. Contact a reliable home investor
A trusted real estate investor or home investor will buy your house fast for cash. With them, you need not worry about finances or pending paperwork. They buy houses in an easy and fast way.
4. Seek help from WeBuyHousesFastCash.com
If you are trying to avoid foreclosure, WeBuyHousesFastCash.com can help. We buy houses in any condition, any situation. We pay cash immediately after the deal closing. Thus you can avoid foreclosure and pay all your pending mortgages to the bank. If the value of your property is higher than that of the pending mortgage, you can profit by selling your house.
WeBuyHousesFastCash.com is a reliable home investor that will buy houses anywhere in the US fast for cash. By avoiding foreclosure, you keep your credit score positive.
Are you trying to sell your house to avoid foreclosure? We help.