Let’s First Define Foreclosure:
From usa.gov: Foreclosure occurs when a homeowner is no longer able to make mortgage payments as required. This allows the lender to seize the property, removing the homeowner and selling the home, as stipulated in the mortgage contract. What can you do?
1. Communicate With Your Lender
If you know that you are going to have trouble making your mortgage payments, contact your lender immediately and let them know you are having financial difficulties. This allows your lender time to work with you to create a plan. Remember, do not stop paying your bills, and do not wait until you cannot make payments before you act.
2. Work With the Making Home Affordable Program
The Making Home Affordable (MHA) program provides help, including free counselors for advice and assistance with keeping you in your home or getting out safely. Visit the MHA website to learn what options you have and what you need to prepare.
3. Sell It and Be Done
This is where Purple Thistle Properties can help. We’ve purchased several homes in foreclosure and we can help you navigate it. First things first, continue to make payments and contact your lender. If the lender is not willing to help or negotiate, they’re going to begin the process of foreclosing on the house and this could take a few weeks to a few months depending on the circumstances. Don’t panic. Throughout our time in the industry, we’ve made win-win situations work with lenders in the area, and we can typically make an offer that will get you back on your feet.
In Summary:
“List My House For Sale”
- Have 4-6 months?
- Rising Interest Rates = Smaller Buyer Pool
- Save your credit from the wreckage of a foreclosure
- Negotiating with the bank..
“Get A Fair Cash Offer Today”
- Let us know about your situation and your house
- We’ll evaluate it quickly (usually within 48 hours)
- You’ll receive a fair win-win all cash offer
Want To Learn How To Stop Foreclosure Now?
So, are you in foreclosure and want to learn how to stop foreclosure now? We’ve created free online guides to help homeowners just like you find out your options on getting out of the sticky situation you’re in right now. If you don’t feel like reading the guide, we’d be happy to run you through your options on how to get out of foreclosure and get back on track!
You aren’t the first person to go through a foreclosure… and won’t be the last. So don’t feel ashamed. It happens. And we’re here to help you get out of that situation.
The best thing you can do right now is to educate yourself on your options. For some people selling your home is the best option (we’ll make a fair all-cash offer on your house today, just let us know about your situation here <<), sometimes we’re able to help homeowners STOP FORECLOSURE completely, and sometimes there are other options. So, click one of the buttons above to get your free foreclosure guide.