While the thought of facing foreclosure can be a bit frightening and intimidating, you will be relieved to know that there are other options. On one hand, you could try to find another lender or try and take out a personal loan. However, if financial struggles are what put you in this position, then selling your home for cash may be the best option for you.
The problem with finding a new mortgage lender or getting a personal loan is that those loans will still need to be repaid. Consequently, selling your home for cash may be the right choice in the long run. This could be a win-win situation. First, you will be getting out of a mortgage that you can no longer afford. Second, you can use the cash from your sale to purchase a more affordable home and resolve your financial stress. Homeinc works with individuals facing foreclosure all the time.
How Do You Sell Your Home and Avoid Getting Foreclosed On?
This is a question that many homeowners have asked over the past few months. You may not realize it, but there is a fast and easy, non-traditional method for selling your home. It’s called selling it to a cash home buyer. If you are working with a tight time frame, this could be the ideal solution. Working with a cash buyer enables you to sell your home quickly and completely avoid the foreclosure process at the same time. Consider the following benefits:
- There’s no appraisal or home inspection required.
- You won’t have to make any renovations or repairs.
- You can close in as little as 5 days.
- Homeinc pays all closing costs and commissions.
- You will receive cash for your home.
- You will avoid foreclosure.
If you are limited on the amount of time you have to sell your home, selling it FSBO (For Sale by Owner) or working with a realtor are not the smartest options to consider.
The primary advantages to working with a cash home buyer like Hominc versus a realtor is no repairs required, no listing your home, no showings at your home, no closing costs or commissions. You can choose the closing date. Best of all, you will not have to worry about the other pitfalls of selling your home the traditional way such as the buyer backing out of the deal at the last minute or financing falling through at closing. For more information on avoiding foreclosure by selling to a cash buyer, call or text Homeinc today at (888) 850-2636.