Stepping in into the process of foreclosure can be overwhelming and scary, especially if it means that you will eventually lose your home. When homeowners face foreclosure, they agreed to pay back their mortgage. Still, they stopped making their scheduled payments, which results in a violation of their contract. As a result, the lender will start a foreclosure process to take back their home.
Foreclosure is a long process that can take from two months to up to a year, depending on where you live. Still, the right thing, and something that perhaps not all homeowners are aware of, is that you have options. You can either work on slowing down the process to save you time to pay the lender what you owe them, look for other strategies to help you save money and your home, or if possible avoid foreclosure in Washington.
Ways To Slow Foreclosure
Foreclosure is handled differently in every state. Therefore, you must research how the process looks like in Washington to get familiar with any regulations or procedures you may need to follow. Additionally, it will give you an idea of how much time this type of system lasts in Washington and the time you have left until the procedure is finalized.
Another option can be to talk to your lender, which can be extremely helpful and beneficial for both of you. Having good communication with your lender will help you to find solutions and a willingness to work together. Besides being a long process, it is also an expensive one; therefore, the lender’s best interest is to keep receiving payments. The lender can help you by offering these options:
- Refinancing to lower monthly payments: your lender provides a new loan with new interests to cover missed costs and what you already owe.
- Repayment plan: lenders sometimes work with you to come up with a plan that fits into your budget to continue making payments.
- Loan modification: in a loan modification, the mortgage company changes your current loan terms to make your monthly payments more achievable.
- Forbearance: forbearance is when your mortgage company agrees to suspend your payments for a short time.
Sell your house to a home buyer
Some homeowners might not even think about this solution because selling a house is typically a long process. Starting from choosing a listing agent, getting your home ready, marketing and showing your home, receive offers from potential buyers, and finally getting to the negotiating part. The hard part of putting your house into the marketplace is not receiving any offers and having your home listed for so long without any progress.
Stop stressing about selling your home and start getting guaranteed offers from real buyers.
How To Get Started
The first step to getting started is to share all the information you would like to provide about your home. It’s either worth, market value, location, size, selling price expectations, and all the details you can provide. Homebuyers will most likely go ahead and do more research on all the details and start working on an excellent offer for your home.
A useful aspect of home buyers is that they guarantee a fair cash offer with no fees or obligation. Most importantly, you don’t have to worry about this becoming a long and complicated process. They provide quality service that ensures you won’t have to wait six months or a year to sell your house. Instead, get the cash you need now.
What To Expect
Once home buyers receive all the information they requested and needed, they will be ready to make you an offer within 30 minutes. Their expectations after delivering their proposal is to close it no later than two weeks. Homebuyers work hard to gather as many details as they can from your home to present you an offer that will meet all your expectations and surprise you with a pleasant and fast process to sell your house.
Deciding on selling your home can be difficult, but it does bring a lot of advantages. A recommendation when facing foreclosure is to consider selling your home for the following reasons:
- It helps you avoid hurting your credit
- You can sell your house extremely fast
- You will most likely receive cash payments
- No fees
- No obligation
Sell Your House To Us
“I Will Buy House” is dedicated to providing you with a pleasant and stress-free experience. As a company, we understand that life is unpredictable and that things can sometimes happen out of our reach and control. We relate to you because we have been through this and want to help you to get out of this difficult time you are going through. We take the burden off you when you sell your house to us today. By selling your home, you will not only be able to avoid foreclosure in Washington, but you will also have cash in hand, without any fees or obligations with you.