Facing Foreclosure
Why do people go into foreclosure?
- Job loss or reduced wages
- Medical expenses or health challenges
- Inherited properties they can’t afford
- Mounting debt and inability to pay off loans
- How long does it take to be foreclosed on?
- Depending on what state you’re in, it can take anywhere from 4 months to a year, once your lender starts the foreclosure process.
What options do you have to stop foreclosure?
1. FILE FOR BANKRUPTCY
You may be advised to file for bankruptcy by an attorney. While this is well-intended advice, it can sometimes just postpone the foreclosure process. While bankruptcy may buy you some time, the eventual effect is that your house may be auctioned until you bring your mortgage payments up to date, even if you are in bankruptcy.
If your home goes to foreclosure, this means:
You will lose your home
You will have a bankruptcy and a foreclosure on your credit report and your score will negatively impacted
A bankruptcy and a foreclosure can prevent you from buying another home for up to 7 years
2. SELL YOUR HOUSE FAST
The easiest solution to this is to SELL YOUR HOUSE AND SELL IT FAST! You will then avoid having a foreclosure and a bankruptcy on your credit report and be able to get on with your life and avoid having foreclosure haunt you for years to come.
The Snap Cash Buyer:
At Snap Cash Buyer we want to create a solution that will help you avoid this situation. If you have little or no equity, we may be able to buy your property fast and/or deal with your lender to stop foreclosure.
We have dealt with homes in foreclosure since 2003. Our goal is to help you, so you can move on with your life with your credit intact! We have a professional team dedicated to helping people in situations just like this to get their financial life back on track.
Call us today for a confidential, no obligation consultation.
The Pros & Cons Of Selling Your House To A Local
Professional Home Buyer – FREE Guide:
Download our FREE Guide here and contact us anytime with any questions, for a no-hassle Situation Evaluation, or if you would like to learn more about how we help Tacoma homeowners sell their unwanted properties for cash.
Get your FREE Guide and then give us a call at 206-334-8540. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.