Maybe you have found yourself facing the dreaded foreclosure, there are still a few things you can do to keep from losing your house to the lender. Our partners have put together a free guide called Free Guide: 5 Ways You Can Stop or Avoid Foreclosure In Today’s Market Please take a second and read over it then give us a call at 214-854-5638
Nobody likes to finding themselves in a position where they can potentially lose their house after being in it for a while. Between all the financial loses you may have had and the mental issues of dealing with it, you probably find yourself really tired, broke and completely stressed out and just DONE! We get that! However, there are still a few things you can do to right now to get yourself out of this unfortunate and aggravating situation.
Sell It Fast To US
This may sound like a no brainer, the best way to get out your foreclosure is to sell your house right now as quickly as possible. You don’t have to sell for nothing, you can choose to sell it to a professional cash home buyer such as Cash Home Buyers Dallas, or you can try to pull off a traditional quick For Sale By Owner. Selling your house fast, you will be then able to pay off the mortgage and get rid of the problem that has been causing you all the stress. Make sure you are working with a trustworthy home cash buyer or have done all your available homework to confidently be able to sell it on your own. Believe us when we say it can take a lot to do it on your own.
Negotiate Your House Out Of Foreclosure
Sometimes, you might be able to call the bank and try to negotiate your way out of foreclosure. Just so you know, banks don’t like foreclosure in Dallas. It usually costs them a lot of time and/or money to foreclose on a house in Dallas. Also, a foreclosure in a some neighborhoods may drop home values for properties nearby. Short of a some kind a forbearance agreement between the two, try to call the bank and explain your situation and how you got there but be ready to explain how you plan to get out of the mess you are in. You will likely get at least some sympathy and a little slack so long as missed payments aren’t a long history with your loan.
Look Into A Loan Modification
A loan modification is a long-term alternative fixing a mortgage payment that you have been consistently un able to make. Maybe there may have been a loss in your family or some sort of other major change and you can no longer afford pay what you used to be able to pay. You can work with the bankand get them to modify the loan to more suitable terms, however, this may often increase your interest rate but it is worth a try. Having the terms modified can be a great solution that allows you to stay in your home without the stress of fighting to pay your payments each month.
If you are facing foreclosure on your house in Dallas or any of the surrounding areas in the metroplex? We can help stop the lenders from taking your house and destroying your lives and credit!