The foreclosure process that homeowners are finding themselves in is stressful and frightening. Many find that they have even fewer options now than they did a few months ago.
There are always new foreclosures being filed around the country, and most of the owners become lazy when it comes to solving the problem. Some think help will fall out of the sky or magically appear at their doorstep, lenders will be less harsh with the process, the government will do more to help their case, or their home values will rise quickly. Unfortunately for many, nothing ever materializes.
Banks and Foreclosure
The market is now improving (though not fast enough for many distressed and struggling homeowners), and banks are rushing owners with foreclosures and speeding up the process. Many have held up foreclosure auctions or paused them for numerous reasons, but didn’t stop the behind the scenes process. Now banks are pouncing on homes to resell them.
Tips to Stop Foreclosure
What can you do if you are days away from foreclosure and realize that it is better to sell your home and prevent further damage to your credit?
- You can try contacting your bank or lender again, though there is no guarantee that they will slow the foreclosure process
- You can research loan refinance options, but odds are that it may be too late for this.
- You can put your home up for sale with a local real estate agent, but even in an improving market that can take time and seriously dig into any equity you have left. Even if a real estate agent brings you a buyer tomorrow, most can still take months to close.
- There is one more option – you can contact us and we can buy your home for cash and AS-IS, no repairs are needed on your part. We also close within 7 days and control the process to make everything a smooth transition.
The Heritage Home Buyers Way to Save My Home From Foreclosure
Foreclosure is never an easy process – but we can help. We handle all the paperwork and usually even help with your moving expenses in order to make the transition to the next stage of your life a bit easier after such a stressful situation.
For more information, call (281) 738-3898 or visit our website at www.heritagehousebuyer.com.