Getting behind on house payments or having debt can be overwhelming. Decision making is crucial in these moments, so you have to decide how to get out of debt quickly and avoid foreclosure. There are ways out, and home buyers are one
I Will Buy House is an experienced homebuyer company in Seattle, WA. Over the years we’ve seen people struggle and lose their homes because they’re unable to act quickly. We can help even when your home is on the verge of foreclosure.
Don’t Procrastinate: Foreclosure Is Real
People who have lost their home often procrastinated, thinking foreclosure wouldn’t happen to them. From the moment late loan payments start adding up, you should look into your options before it’s too late.
Here are some steps you can take to stop foreclosure:
Negotiate With Your Lender
Don’t wait for the lender to come knocking on your door for the late house payments. Usually, the lender can start the foreclosure process after your mortgage loan payment is sixteen days overdue. Consider negotiating with your lender to work on a payment plan. Lenders are usually flexible and can understand your situation if you explain it to them.
Apply For a Remortgage
It’s worth checking the latest offers and mortgage interest rates. You can apply for a remortgage to consolidate your debts. Just make sure to check on your finances before deciding if it’s right for you. You wouldn’t want to risk missing the monthly payments again.
Do a Short Sale
In most cases, when the homeowner is far behind with the loan payments, both the lender and the homeowner will try to process a short sale to avoid foreclosure. This is where I Will Buy House can help.
We give you a fair cash offer, even under the risk of foreclosure. Unlike listing your home, where you’ll have to wait months to make the sale, I Will Buy House gives you an opportunity to sell your home in 48 hours.
I Will Buy House Protects Your Credit Score
By selling your home to us, you will be able to protect your credit score and start over from scratch. In as little as seven days, we can close on your home and give you cash.
Our fast process has helped many other homeowners in Seattle who also faced debt; we understand how time-sensitive and stressful foreclosure is, which is why we make the process simple and quick.