Facing Foreclosure
What are my options
Postponement
You can submit a request for postponement to the bank as a viable option during foreclosure proceedings. This request aims to secure extra time for arranging funds to reinstate the property or sell it. When the bank grants such requests, it opens the door to listing the property on the market, which often leads to a higher selling price compared to a quick cash sale. Given the urgency of the situation, taking prompt action is crucial. Our team of experienced professionals specializes in regularly communicating with banks to successfully facilitate postponement requests. This way, we help homeowners navigate these critical circumstances. You can rest assured that we are well-prepared to guide you through this process and strive to achieve favorable outcomes in most cases.
Reinstatement
Reinstatement offers a practical path to stop foreclosure, allowing homeowners to regain property control. By covering the two missed payments, attorney fees, and late charges, the mortgage account becomes current. We collaborate closely with homeowners, helping them secure a fitting loan for reinstatement, a vital step to prevent foreclosure. Our devoted professionals ensure a seamless process, guiding homeowners throughout. With our support, you can proactively halt foreclosure and safeguard your property's future.
Sell it
When homeowners face the challenge of foreclosure, many consider selling their property quickly for cash. It's important to know that cash offers in such cases often fall below market value, typically around 70% of the property's actual worth. Having equity in your property is key if you want to explore this option. But if your equity is insufficient, there's another option of applying for a short sale with the bank. However, a concern with a short sale is the significant time it takes to complete the transaction.
Whether you're looking for a swift cash sale or considering a short sale, our team is here to support you at every step. We're dedicated to ensuring the best possible outcome for your property and financial future.