Foreclosure is when a property owner fails to pay the mortgage. It’s a legal process in which the homeowner forfeits all right to the property if they can’t pay off the outstanding debt. It’s a horrible situation to be in and if you do not act fast you could lose your home.
We all know that selling a house can go as long as 6-12 months. And since time is of the essence, if you choose to sell your house through an agent or a realtor, chances are, you may lose your property.
If you think about it, it’s the worst nightmare you could ever have as a homeowner. If you’re in that situation you might be asking yourself “ What options do I have?”, “ Can I still get out of this dilemma?” “ How to stop foreclosure?” or “ Is there a way to resolve this?”
Luckily for you, there’s one way to get out of that ugly situation you are in.
HOW TO STOP FORECLOSURE
Find a home buying company that offers a faster and fair deal to get you out of the situation you’re in. I’m sure there are a couple of them around your area that has a selling process that is swift and simple and you’ll actually get several benefits too.
Sounds too good to be true? Probably! But then again I am 100% sure that you can still find one that can help you. You can search on Facebook, Youtube or just Google. But of course, you still have to do your part and verify the legitimacy of that company. Make sure that the home buying company you will choose to be working with is legit. One way to do this is by checking their profile and their website.
There is nothing more powerful to use than one’s reputation. So make sure to check out if they have a good one. The more the reviews you could get, the better.
If you really want to know “How to stop foreclosure?” These are the facts:
- Listing it to an agent or realtor is out of the equation mainly because they require homes to be in a “showroom” condition. Beautifying your house takes time! And by the time you’re done with the repairs, you’ve lost your house already.
- You can try posting on social media or the local newspaper but these take time to move forward too!
The bottom line is: YOU DON’T HAVE THE LUXURY OF TIME. If you sell to a reputable home buying company, they won’t be concerned about the condition of the house. They often don’t care what shape the house is in. The best part is, they’ll buy it as-is. This saves you not just time, but thousands of dollars into repairs. Cash buyers can close in as little as 7 to 10 days — sometimes less! If that’s what you need.
I understand foreclosure is stressful and you’ll need all the money you can get for the house to sort out a couple of things. You don’t have to worry about commissions, fees, whatsoever either! They definitely don’t charge extra for that. They are not intermediaries, but actual homebuyers and the transaction is simply a buyer-seller one. Therefore, you will get 100% of the money indicated on the offer in cash. Often, they also take care of the closing costs. What more can you ask for?
That being said, you now know how to stop foreclosure. The answer is — sell it for cash. It is your best solution in stopping foreclosure and you will surely get a fair deal for your house.