Is the bank threatening to take away your property? At Your Trusted Home Buyer, we can help you with a foreclosure in Jacksonville, FL before it happens.
Dealing with the threat of foreclosure can be extremely stressful and overwhelming. The thought of losing your home after putting so much into it can be devastating to any human. And not even to mention the ugly marks it leaves on your credit records.
Nobody ever wants to deal with foreclosure. But you can avoid it even when it is knocking on your door. We buy houses in Jacksonville, FL. We will help you learn how to stop the foreclosure of your house and offer you cash in return.
How do you stop it?
- Sell your house. A fast sale of your house can help you get out of mortgage quickly. This is possible without leaving any negative marks on your credit records. Listing your house in Jacksonville, FL does not guarantee you that fast sale that you want. Selling it via listing can take months to close allowing the bank a chance to foreclose. On the contrary, a direct sale to Your Trusted Home Buyers allows you to sell your house quickly and reap a good profit. We will help you choose the closing date that works best for you. You can therefore sell the house in good time before the bank comes knocking. We have an easy, fast process that is convenient and fair.
- Talk to your bank. Most lenders would rather work with you to help you get back on track than put your property on foreclosure. The foreclosure process is not fun for the lenders either. It is costly and time-consuming and leaves the lender with a loss in most cases. They will do what they can to help you find a solution. When you realize you are going to have a problem with the mortgage, you should talk to them immediately. If you foresee that paying for a mortgage will be difficult, you can stall the foreclosure by selling your house while you still can.
- Agree on a short sale. A short sale takes place when your lender accepts a lower offer of the house to save time and money reselling it. To have a short sale go through, you have to apply to your lender’s short sale program and meet the requirements. You must run a Broker Price Option to help you determine the fair market value of the property.
- Declare bankruptcy. When you declare bankruptcy, the bank will stop any collection activity against you. That includes the foreclosure of your home. When you declare bankruptcy, you will have to take care of your debts. The bankruptcy court and you will work out a plan of repayment. Once you declare bankruptcy your record does not look very good when trying to get a loan in the future. Before you declare bankruptcy, make the right choice!