You must act quickly at the first sign your lender is moving towards foreclosure proceedings in order to avoid the expenses, long term financial impact, and emotional turmoil of the process. This is not the time to stick your head in the proverbial sand, as letters, email, and phone calls begin to mount and become unbearable. Many homeowners become frozen under the pressure until it’s too late to take any steps to avoid foreclosure and it has now become a legal matter that is out of their hands. We will explore how to eliminate all of these concerns and avoid foreclosure of your house in Modesto.
Consider Loan Modification
One step you could take is to talk to your lender about how to avoid foreclosure of your house in Modesto. Depending on certain criteria, they may be able to work with you to help you afford the mortgage note payments. You will be required to produce a great deal of paperwork because the modification is based on financial hardship. Included in the paperwork you will be provided to the lender, understand that they will need to know just what occurred which caused the hardship and the known length of endurance. You’ll also need to document your current income as well as an estimate of what your income is expected to return to at the end of the hardship period.
Listing Your House in Modesto
Listing your home for sale may be another way to avoid foreclosure of your house in Modesto. You may also need to come up with the funds to make updates and improvements to be photo-ready for your online listing. No matter if you are selling on your own or through a real estate agent, there is no way to escape the necessary professional photography and online marketing, along with all other avenues of advertising your home. Depending on the condition of the property, you may also be forced to make repairs before a lender will approve the loan. All of these expenses are out of pocket, however, the bottom line is that there is no guarantee that the property will ever sell or how much it will sell for.
A Direct Sale of Your House in Modesto
Are you ready to sleep soundly tonight? The short and long-term after-effects of a foreclosure can be quite disturbing to your life. Foreclosure does more than take your home and affect your credit, it can also cause you to be denied certain employment or even housing. You won’t be able to avail yourself of any government-backed financing through Fannie Mae for seven years. Additionally, you may still owe any debt on the home that the lender doesn’t realize at the foreclosure sale. When you work with a professional buyer like Valley Home Offers , you can avoid all of the negative impacts foreclosures can bring to your life. A direct sale is a quick and easy way to solve your problem and avoid foreclosure of your house in Modesto. Why not make a direct sale to Valley Home Offers today? We buy homes “as-is,” so you and your family can rest easy knowing you have a guaranteed sale with a very fast closing, usually in as little as 7 days.
Tired of tossing and turning, worrying about losing all of the equity you have built over the years? Don’t wait until foreclosure begins, let Valley Home Offers help lessen your burdens. At Valley Home Offers we are happy to help you learn more about how to avoid foreclosure of your house in Modesto. Valley Home Offers is here to listen to your circumstances and help you with the best solution. Just send us a message or call Valley Home Offers at (209)588-7100 today.