While homeownership is often a rewarding experience for many families, there are times when the burden and responsibility involved are overwhelming and far outweigh the benefits. If you’re getting divorced, have lost your job, or have racked up a lot of medical expenses, this could be putting a serious strain on your finances. As a result, your mortgage becomes just another bill that you cannot stay current on. Eventually, your home could fall into foreclosure. If this familiar, Homeinc is here to help. With years of experience in helping people with similar issues, we are here for your assistance.
Reasons to Avoid Foreclosure
Foreclosure is something that every homeowner wants to avoid. The main reason for this is because of how it will damage your credit history and score. However, it will also damage your buying power and hinder your potential to purchase a home in the future. Additionally, there could also be tax implications as well as a significant amount of emotional and mental stress that you’ll be shouldering. If you’re reading this, we’re guessing you’re behind on your house payments and close to defaulting or your home is already in foreclosure. Both are stressful situations and we understand your situation.
We Can Help You Stop Foreclosure
There are options that will stop foreclosure so no further damage is done to your credit score. One option is a “short sale.” In a short sale, you sell your home while it’s in foreclosure then give the money to your lender. However, careful consideration is recommended. If the sale doesn’t cover what you owe the lender, you may be obligated by the lender to pay the difference between what it sold for and the mortgage balance. You’ll want to get permission from your lender before proceeding with a short sale.
The other option is selling your home for cash to Homeinc. Compared to a short sale, this is a hassle-free and stress-free option. Plus, there are no out-of-pocket costs to deal with. Selling your home to a company that will pay you cash for it has a number of advantages worth considering. You can sell the home as-is and not have to worry about making any renovations or repairs in order to sell it so that saves you money on the house. Furthermore, if you’re in dire financial straits, you’ll have the money quicker than working with a real estate agent. We adhere to all requisite norms and work with you to make the sale hassle-free.
If you’re nearing default or are already in foreclosure, you don’t want to procrastinate. Your credit score has probably suffered considerable damage already, so you don’t want it to get any worse. Call or text Homeinc at (888) 850-2636 today.