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.
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.
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.