Are you behind on the mortgage? Late payments piling up?
Bank Threatening or Already Filed For Foreclosure?
Are you currently at or close to foreclosure?
Have bills started to mount up higher and higher?
Is the financial strain and stress making the light at the end of the tunnel look non-existent?
If you want to avoid foreclosure, damage to your credit and get your house sold so you can avoid foreclosure, we can help! Our partners have been helping homeowners like you for over a decade, and can address many circumstances and phases of foreclosure to help you come out on top. ocean state buyer investors can negotiate with your bank to stop the foreclosure process immediately and give you time to work something out!
Selling a foreclosed home is an option many homeowners who have defaulted on their loan don’t know much about. Foreclosure is a long and heartbreaking process for a homeowner. But, it’s not hopeless. When looking for a solution to defaulting on their mortgage payments, many owners float this question: “Can I sell my home if it is in foreclosure?” The short answer is yes.
A foreclosure starts when the homeowner is issued a notice of default after your fourth missed payment. The whole process can take from six months to one year or more, depending on the negotiations between you and your lender.
You can sell your home up until it is sold at auction or the bank takes possession of your house. During this period of time, the home is considered to be in “pre-foreclosure” and you can try to settle your debts with the lender.
One way to avoid foreclosure is to sell your home and net enough to pay off everything you owe the lender, including back mortgage payments, penalties, and fees. You won’t own your house anymore, but you won’t have the house foreclosed upon, which would do serious damage to your credit.
Of course, making the decision to sell sooner than later will take some of the pressure off the deal and allow you more time to get the best price for the property. Make sure you ask the lender how long you have before the property will go on the auction block. It all depends on which state you live in. In some states, a lender can auction off a property in less than a month; in others, lenders can’t auction off a home for more than a year.
Lenders hate foreclosures because, even for them, they are legal, financial, and PR headaches. That’s why some lenders agree to a short sale, where you sell your home for less than everything you owe.
Agreeing to a short sale is a desperate action for a lender to take. Lenders don’t want to lose money on mortgages, but they also don’t want to spend their time foreclosing on, owning, and selling property.
So, after you spend a lot of time filling out paperwork and explaining how you got into this financial predicament, you might be able to persuade your lender to work with you on a short sale.
Short sales avoid foreclosure and the huge hit your credit score can take as the result of a foreclosure.
The worst thing you can do when you fall into mortgage arrears is attempt to hide from your lender.
Reality check: Lenders will find you or start foreclosure proceedings if they can’t. It’s much better to call your lender, explain your financial problem, and
beg for mercy and a little more time to catch up on your payments or to refinance.
Most people work with a real estate agent to sell their home, but a real estate agent cannot provide the level and speed of service that we provide. Our process
is distinctly different and designed to help sellers who don’t have the time or money to wait.
We’re open to purchasing houses in any condition and under any circumstances for fast cash. It doesn’t matter why you’re in a hurry – we’re willing to move just as quickly as you are.
If you need a fast sale or need cash fast on your property, we can help. Our process simplifies selling your house down to as little as 7 days. No matter your reason for needing to sell our process can help you do that.
When selling your house to us once we come to an agreement on price, simply let us know when you need to close by and we’ll do everything to make that happen. We’ll then provide you with simple seller documents to sign and return.
Once these have been received escrow will close and you can have your funds wire transferred or you can pick up a check. It’s that simple!