Call a real estate investor to see what they’ll offer you when you are behind on your payments and the lender is at the door. You may be able to sell the house in a week or so and move on with your credit still intact.
House Selling Tips – Pennsylvania House Buyers: If you are one of the hundreds of thousands, or even today, millions, that have received foreclosure notices from the lenders, you can get out of this situation with some well planned damage control. When you are placed in foreclosure and there is nothing you can do about it you may believe that your options are limited. There isn’t enough money to make up the past due payments, there isn’t any work to be found in your area, and you just don’t see how you can gracefully remove yourself from the jaws of the bank that you owe lots of money to.
This is not the end of your credit as you know it. There is another option that many aren’t aware of. There are real estate investors that are literally standing by and just waiting for you to call them. They buy houses that are in foreclosure and the process is fast. Selling the house to an investor will get you out from under the lender’s mortgage by allowing you to pay them off before the foreclosure sale takes place.
There are real estate investors that are literally standing by and just waiting for you to call them.
Don’t hesitate if you are certain that your situation is not going to change between now and then. If you know, for instance, that the job you lost is not going to magically reappear and the bills keep mounting up every month you are out of work, you can act quickly to remedy the situation by selling your house to an investor. The sooner you do it, the better, because every month that goes by means you owe the lender more and more money. Catching this early is the best way to be done with it and move on with your life.
Moving on after you’ve lost your home is never easy. It’s a deflating situation and can make you feel as though there will not be a better day ahead. If you wait too long and go through the foreclosure process to the point of eviction and foreclosure auction, your credit will be ruined for several years and it may, indeed, look grim. By selling your house to an investor early in the process, you may be able to save some of your credit for what lies ahead. You will need to rent or lease another house to live in, and will need to be able to provide what your family needs.