Facing foreclosure? Let me help! Stop Foreclosure in Houston
First things first, Breathe!!
Getting behind on your Mortgage, Home owners association or even Uncle Sam can happen to any one, of any status, at any time for a million reasons. Once you get behind a hill can turn into a mountain in the blink of an eye and it can be difficult to find your way to the top.
If you are in this position you are most likely feeling overwhelmed, scared and maybe even angry. The good news is you have options. You may just need the right person to guide you through what can be a lengthy daunting task.
Do you want to SAVE your home?
Are you familiar with the options available you? Let me help Stop Foreclosure in Houston
If you haven't already, you need to open communications with delinquent lien holder. Avoiding calls from a credit card collector is one thing, but no one with the ability to foreclose wants to foreclose. Mortgage lenders are in the business of lending money and collecting interest. HOA's provide a service to maintain home values for a fee, Foreclosures in a neighborhood have a negative impact on surrounding homes and in most cases are junior liens who likely receive nothing after foreclosure. So Talk to them, they will typically offer you a payment plan to catch up, or you may qualify for a loan modification to re distribute the delinquent fees.
You can also attempt to obtain a secondary loan to satisfy delinquency. There will be a monetary amount (Reinstatement amount) that can be paid up to the Foreclosure date that will immediately stop the sale. If you can pay it, and get back on track moving forward (resume normally scheduled payments) you should be fine.
Another option would be to file for Bankruptcy. Doing so can also immediately stop the Sale as well as restructure multiple debts into a more affordable payment. This is not going to be free and you should consult an attorney to see if this would be an appropriate action for you to pursue. I have a few I would be happy to refer you to.
Ready to Sell and start fresh?
A lot of times, many of the previously listed options have been attempted and maybe it's just better to move on and rebuild your life. No matter the condition of the home, I have a few ways to help if you are interested in selling the home.
Why not just let them foreclose?
You can, but a foreclosure can have a pretty heavy impact on your credit which can make any big financial purchases difficult to impossible for 7+ years, including finding a home or apartment to rent.
What options can I offer you?
First of all, I have a network of investors and professionals who specialize in this area and can help with the Foreclosing lien holder. If your home is in active foreclosure, first we need to stop it and opening a dialogue with them is step #1. With your authorization we can communicate with the lien holder to find out exactly what is needed to prevent the sale. This can determine the best course of action on the following. Nothing else matters if we can't stop the foreclosure.
Cash Offer: If it makes sense to everyone, I have investors who will make a cash offer to purchase your home quickly. This won't be a retail offer, but you can save thousands of dollars in closing costs and walk away with money in your pocket for a fresh start.
Short Sale: Most of our clients in this situation fall into this category. If you owe more than your home is currently worth, you may qualify for this option. Basically, we will present an offer to the lien holder and ask them to consider accepting a sales price which is less than the amount currently owed. If we can do this, the mortgage company will typically cover your closing costs including Realtor fees, offer a settlement to secondary liens if applicable and may provide you a compensation in the form of relocation assistance. At the least, it can allow you to sell the property at no cost to you when you normally could not. At the best, you can sell the property and receive up to $10,000.00 in an effort to make it easier for you to find a place to go, as well as a significantly smaller impact to your credit for a shorter period.
Think outside the box: There are a ton of ways in which we can make a difficult transaction a little easier to swallow for all parties. It's known as creative real estate. There are too many to go over in detail as they will most likely fall into very specific situations, but there are many other options that you may be available.
Tell me a little about your situation
We are here to help!
15855 Mueschke Road, Cypress, Texas 77433, United States