Stop Foreclosure
Have you been served with a foreclosure notice by your lending institution? Are your mortgage payments 3 or more months behind? Then you could be facing the loss of your house and damage to your credit for 7 or more years. You must take action immediately.
Time is not on your side
Your
home is now on a fast track to the auction block. In Georgia your house
will be auctioned at the county courthouse just 4 weeks after the foreclosure
notice is published in the legal section of your county newspaper. At
the auction, the property will be sold to the highest bidder. If you have
not already vacated the house, the county sheriff will evict you on behalf
of the new owner soon afterwards.
Do You Know Your Options?
Reinstate The Loan
To stop foreclosure, many lenders will negotiate a deal with you to take what you owe them and pay it over a few months IN ADDITION to the normal mortgage payment. Our experience has been that 84% of the time people who try this option fail and are not able to stop foreclosure, because they are not able to afford payments that are 20-30% more than the ones they originally couldn't afford.
Restructure The Note
If you are a skilled negotiator and are able to prove to the bank that you have taken care of the problem that caused you to fall behind originally, many lenders will take what you owe and add it on to the end of the mortgage in the form of additional payments to stop foreclosure. Depending on how the note is restructured, the interest rate could go up and/or the payment could go up. To stop foreclosure this way is very difficult.
Refinance
Mortgage brokers may offer to refinance your loan and stop the foreclosure. However, this will increase the amount you owe and drive up the payment since your new loan will be at a higher interest rate. They may also finance closing costs and fees from your present lender into the new loan, but your total debt and payments will increase significantly. If you can't make your present payment, how will you ever make this new one?
Deed In Lieu Of Foreclosure
Some lenders will allow you to give the house back to them in order to stop foreclosure. This will also show up poorly on your credit report for several years and the bank could come after you for a deficiency judgement.
List Your Property With A Realtor
Using the traditional services of a Realtor to sell your house, it often will take over 4 months for the average homeowner to list and close on their house. During that time you are still responsible for mortgage, taxes, and insurance payments.
Face it, in this situation, 4 weeks is not enough time for anyone to sell a house using traditional methods. For a quick sale, you may have to accept a price way below market, pay the buyer's closing costs, which can be as high as 3% of the sales price. You'll will also pay a 6-7% sales commission and pay for repairs specified by the buyer's home inspector.
Do Nothing
Call Us Now - Sell Your House Today
Do nothing and your house will be gone in 4 weeks. The bank will force you out of the house. Your credit will be damaged for many years to come, and you may be liable to the mortgage company for any outstanding balance owed on your loan after the bank has sold the property. Incidentally, you may also be responsible for all attorney and realtor fees incurred by the bank to rid themselves of your house. You need an alternative solution, and we can help.
The smart decision is to contact us today for a no obligation consultation.
You have found a company who can help you avoid foreclosure and save your
credit. Call (770) 630-4096 or click
here to complete the property information form so we can see how we
can save your home from foreclosure and preserve your credit rating. We
help people just like you avoid this stressful situation by purchasing
their house. Be proactive and contact us now.
Don't Delay. We Can Help You.
Call now (770) 630-4096 or click here to complete our property information form for a no obligation evaluation and let's see how we can tailor a solution to your predicament.