You must act quickly at the first sign your lender or mortgage company is moving towards foreclosure proceedings in order to avoid the expenses, long term financial impact, and emotional distress of the process. This is not the time to ignore the issue or will it away, as letters, email, and phone calls begin to mount and become overwhelming. Many homeowners become frozen under the pressure until it’s too late to take any steps to avoid foreclosure and it has now become a legal matter that is out of their hands. We will explore how to eliminate all of these concerns and avoid foreclosure of your house in Taylors.
Consider Loan Modification
One step you could take is to talk to your mortgage company about how to avoid foreclosure of your house in Taylors. Depending on your situation, they may be able to work with you to help you afford the smaller mortgage payments. You will have to provide a great deal of paperwork because the loan modification is based on financial hardship. Included in the paperwork you will be providing to the mortgage company, be prepared to explain and prove what caused the hardship and how long you have been in that situation. You’ll also need to document your current income as well as provide an estimate of what your income will be at the end of the hardship period.
Listing Your House in Taylors
Listing your home for sale may be another way to avoid foreclosure of your house in Taylors. You may also need to come up with the money to make updates and improvements to be photo-ready for your online listing. No matter if you are selling on your own or through a real estate agent, there is no way to escape the necessary professional photography and online marketing, along with all other ways of advertising your home. Depending on the condition of the property, you may also be forced to make repairs before a lender will approve the loan. This happens quite often and can put the sale of your home at risk. All of these expenses are out of pocket, however, the bottom line is that there is no guarantee that the property will ever sell or how much it will sell for.
A Direct Sale of Your House in Taylors
Are you ready to sleep soundly tonight? The short and long-term after-effects of a foreclosure can be quite disturbing to your life. Foreclosure does more than take away your home and affect your credit, it can also cause you to be denied certain employment or even housing. You won’t be able to qualify yourself for any government-backed financing through Fannie Mae for seven years. Additionally, you may still owe some of the debt on the home that the lender doesn’t consider at the foreclosure sale. When you work with a professional buyer like House Hub Real Estate Solutions, you can avoid all of the negative impacts foreclosures can bring to your life. A direct sale is a quick and easy way to solve your problem and avoid foreclosure of your house in Taylors. Why not make a direct sale to House Hub Real Estate Solutions today? We buy homes “as-is,” so you and your family can rest easy knowing you have a guaranteed sale with a very fast closing, usually in as little as 7 days.
Tired of tossing and turning all night, worrying about losing your home and all of the equity you have built over the years? Don’t wait until foreclosure begins, let House Hub Real Estate Solutions help lessen your burdens. At House Hub Real Estate Solutions we are happy to help you learn more about how to avoid foreclosure of your house in Taylors. House Hub Real Estate Solutions is here to listen to your circumstances and help you with the best solution. Just send us a message or call House Hub Real Estate Solutions at 864-272-5400 today.