Are you facing foreclosure because you are behind on your mortgage payments? Perhaps you’re receiving aggressive letters and calls from your lender?
If this is a current reality for you, we understand you may be experiencing some amount of stress. Please know you don’t have to lose your house to a foreclosure if you’re behind on mortgage payments.
We’ve helped countless homeowners facing foreclosure and while they typically sell the property to us, they don’t take a complete loss and walk away with nothing.
When facing foreclosure, you have options:
1. The foreclosure process has started if your account is in the hands of a trustee. You have some choices at this stage, including reinstating the loan and immediately halting the foreclosure process. In order to explore this option, you need to call your bank and request a reinstatement fee which will include the payments you have missed including interest and any legal fees.
2. If you’ve got enough time, another option is to call a Realtor and sell your property before the foreclosure auction takes place. This is a pretty risky option considering the time and effort it takes to list your house on the market in a traditional manner. Additionally, if you do get an offer on the property, the buyer will need to close before the foreclosure auction. Be sure to check out our article How to Calculate Net Proceeds from a Home Sale to understand what you’ll walk away.
3. The option that most often makes sense to homeowners facing foreclosure is to call CoreMark Homes at (614) 470-4428 and get an offer in under 24 hours. For homeowners in a pinch, we’ve closed in as little as 3 days! Being able to stop the foreclosure process, satisfies obligations to your lender and has a tremendously beneficial affect on a homeowners credit worthiness.
If you can use more information on how you can stop the foreclosure process, contact us today at (614) 470-4428! CoreMark Homes will give you an offer in under 24 hours and we can close fast! If you prefer, simply fill out the form on our homepage and someone from our office will be in contact.
