WE can HELP you STOP Foreclosure?
Skipping payments on your mortgage and allowing it to go into foreclosure can leave a permanent scar on your credit rating. It isn’t a decision that anyone takes lightly.
It is an incredibly unfortunate situation for someone to find themselves in, as most people who find themselves faced with this dilemma didn’t arrive at it out of their own negligence.
People lose their jobs, or suffer injuries, face medical bills, and have any number of unexpected financial burdens thrown their way. In this economy, most don’t have a safety net tucked away to soften the blow.
Whatever caused your financial burden, you don’t need to be further penalized for it with a poor credit rating that will take you years to get over.
It is an incredibly unfortunate situation for someone to find themselves in, as most people who find themselves faced with this dilemma didn’t arrive at it out of their own negligence.
People lose their jobs, or suffer injuries, face medical bills, and have any number of unexpected financial burdens thrown their way. In this economy, most don’t have a safety net tucked away to soften the blow.
Whatever caused your financial burden, you don’t need to be further penalized for it with a poor credit rating that will take you years to get over.
There are a few things you can do to adjust your living situation and financial responsibilities.
In poor economic times, making mortgage payments might be the last thing you are capable of thinking about. Your house might have become yet another burden in your mind, but you need to start thinking about it as the asset that it is.
Your house is a financial asset, not a burden. You can use the monetary value of your home to help you overcome your financial hardship. Don’t leave your mortgage payments unpaid so long that the bank forecloses on your house.
You might be tempted to think that they will absolve you of your debts, but this isn’t necessarily true. You will continue to be liable for taxes as well as the deficiency judgement amount.
You might pursue a short sale option, but this isn’t always an option for homeowners. The company you have your mortgage with would have to agree to letting you sell your home in a short sale.
In a short sale, you sell your home for far less than what it is actually worth
By listing your home at such an undervalued price, it becomes an attractive purchase for people looking to purchase. You would still have to go through the traditional method of listing your home and hoping it sells.
Making your home presentable for sale might take more time and energy than you have to give. If your home is in need of repairs, you will also be responsible for taking on this financial responsibility.
An option that most homeowners looking to sell their properties are not aware of are real estate investors
If your mortgage does not exceed the resell value of your home, finding a real estate investor to buy your home just may be the answer you’ve been looking for.
Real estate investors will buy your home flat out, as is, with minimal hassle and negotiation. They will conduct a short interview with you about your home, make a visit to appraise the property, and then give you a no obligation offer.
If you chose to accept their offer, in a matter of weeks you could be looking at a check for the quick sale value of your home
Real estate investors will be looking to make your home a profit venture, otherwise they would not be interested in it.
They will often make repairs to the home and then flip it for a higher value than what they paid to you. You benefit from this because you don’t have to hassle with the responsibilities of repairing your home and then later selling it.
Selling a home the traditional way for a top market value price is incredibly time consuming and financially draining.
You would need to put up front the costs for repairs and cosmetic changes that would make the house more desirable.
It takes anywhere from six months to a year for a home to sell, and there is no guarantee that it would sell at all. You are already experiencing financial hardship, you really don’t need to be adding to that by draining what little resources you have.
Check with your mortgage provider to confirm what your total outstanding balance is.
This will give you an indication of the bottom line figure that you can settle for when selling your home.
Contact a few real estate investors in your area to get estimates on what your house would sell to their agency for
The cost of these initial appraisals are absorbed by the real estate investors themselves, so you don’t have to worry about added fees. Keep in mind that the appraisals you receive from a real estate investor will be lower than listing the home on the market but depending on your situation may be a fair price for your home.
If you manage to get a few estimates from competing real estate investors, you will have to think about which one best services your needs. Be sure to read the fine print and be aware of any conditions of sale that might effect your final decision.
You might need to close fast and receive payment as quickly as possible so an investor can be a good solution for this.
Always think about what works best for you.
The offer you receive from a real estate investor may or may not be higher than the overall amount you are due to your mortgage company.
If the offer you receive is more than the final balance due on your mortgage, than you are in the clear. This is money that you can use to help relieve some of the financial burden in other aspects of your life.
You could use this money to help you relocate or find a more affordable rental property.
On the other hand, if the offer you receive is lower than the final balance due on your mortgage, you need to be aware that you would be selling your house at a loss.
You would still be responsible for covering the difference to your mortgage company, but the amount due would be vastly decreased and this can be beneficial for you as well.
Foreclosing on your home will ruin your credit and make it nearly impossible to purchase another one in the future. A small loss is a tiny price to pay for a brighter future.
So consider using a real estate investor it just may save you in the end.
If you are in the Texas and would like to learn more about how an investor can help you, click here.
In poor economic times, making mortgage payments might be the last thing you are capable of thinking about. Your house might have become yet another burden in your mind, but you need to start thinking about it as the asset that it is.
Your house is a financial asset, not a burden. You can use the monetary value of your home to help you overcome your financial hardship. Don’t leave your mortgage payments unpaid so long that the bank forecloses on your house.
You might be tempted to think that they will absolve you of your debts, but this isn’t necessarily true. You will continue to be liable for taxes as well as the deficiency judgement amount.
You might pursue a short sale option, but this isn’t always an option for homeowners. The company you have your mortgage with would have to agree to letting you sell your home in a short sale.
In a short sale, you sell your home for far less than what it is actually worth
By listing your home at such an undervalued price, it becomes an attractive purchase for people looking to purchase. You would still have to go through the traditional method of listing your home and hoping it sells.
Making your home presentable for sale might take more time and energy than you have to give. If your home is in need of repairs, you will also be responsible for taking on this financial responsibility.
An option that most homeowners looking to sell their properties are not aware of are real estate investors
If your mortgage does not exceed the resell value of your home, finding a real estate investor to buy your home just may be the answer you’ve been looking for.
Real estate investors will buy your home flat out, as is, with minimal hassle and negotiation. They will conduct a short interview with you about your home, make a visit to appraise the property, and then give you a no obligation offer.
If you chose to accept their offer, in a matter of weeks you could be looking at a check for the quick sale value of your home
Real estate investors will be looking to make your home a profit venture, otherwise they would not be interested in it.
They will often make repairs to the home and then flip it for a higher value than what they paid to you. You benefit from this because you don’t have to hassle with the responsibilities of repairing your home and then later selling it.
Selling a home the traditional way for a top market value price is incredibly time consuming and financially draining.
You would need to put up front the costs for repairs and cosmetic changes that would make the house more desirable.
It takes anywhere from six months to a year for a home to sell, and there is no guarantee that it would sell at all. You are already experiencing financial hardship, you really don’t need to be adding to that by draining what little resources you have.
Check with your mortgage provider to confirm what your total outstanding balance is.
This will give you an indication of the bottom line figure that you can settle for when selling your home.
Contact a few real estate investors in your area to get estimates on what your house would sell to their agency for
The cost of these initial appraisals are absorbed by the real estate investors themselves, so you don’t have to worry about added fees. Keep in mind that the appraisals you receive from a real estate investor will be lower than listing the home on the market but depending on your situation may be a fair price for your home.
If you manage to get a few estimates from competing real estate investors, you will have to think about which one best services your needs. Be sure to read the fine print and be aware of any conditions of sale that might effect your final decision.
You might need to close fast and receive payment as quickly as possible so an investor can be a good solution for this.
Always think about what works best for you.
The offer you receive from a real estate investor may or may not be higher than the overall amount you are due to your mortgage company.
If the offer you receive is more than the final balance due on your mortgage, than you are in the clear. This is money that you can use to help relieve some of the financial burden in other aspects of your life.
You could use this money to help you relocate or find a more affordable rental property.
On the other hand, if the offer you receive is lower than the final balance due on your mortgage, you need to be aware that you would be selling your house at a loss.
You would still be responsible for covering the difference to your mortgage company, but the amount due would be vastly decreased and this can be beneficial for you as well.
Foreclosing on your home will ruin your credit and make it nearly impossible to purchase another one in the future. A small loss is a tiny price to pay for a brighter future.
So consider using a real estate investor it just may save you in the end.
If you are in the Texas and would like to learn more about how an investor can help you, click here.