AVOID FORECLOSURE
FACING FORECLOSURE?
Don’t let your credit take a hit or see your equity diminish. If your mortgage payment feels overwhelming or you’re facing a financial setback, remain calm. This guide provides clear strategies to stop the foreclosure process or avoid it altogether. Let’s get started!
WHAT IS FORECLOSURE
First, let’s understand what foreclosure is: When a homeowner cannot pay their mortgage, the lender may initiate foreclosure, leading to the home being sold at auction. If no one buys it, the lender takes possession.
Forms of Foreclosure
1. Judicial Foreclosure: This involves a legal process where the lender must go through the courts to claim the property.
2. Non-Judicial Foreclosure: This occurs when a deed of trust was used. The trustee can initiate foreclosure without court intervention.
How to Stop Foreclosure
– Contact your lender as soon as you can.
– Explore options like loan modification, repayment plans, or refinancing.
– Selling your home could also be a viable option.
If selling quickly is your best route, we offer fast, fair cash deals for homes. Fill out a form, and you could have a cash offer in 24 hours and sell your house in just a few days!
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