28 Aug Facing a Foreclosure? There are options…
Everyday hundreds of Americans face the awful reality of foreclosure. What is foreclosure you may ask? It is when a homeowner is unable to keep up with their mortgage bills. If you are someone who faces this problem don’t get too worried, there are several ways you can save your home and recover from foreclosure.
You could always get a loan and discuss with a lender about making smaller payments on the home every month. The problem with that is you could end up paying more money then what the house was initially worth. In addition, if you end up failing to pay the lender back they will either take you to court for failure to pay or end up selling your debt and writing off the loss. If the loan is a secured loan the lender could even seize and sell your property for a large quantity of the debt owed.
Another way to help you with your unfortunate position would be to contact The Department of Housing and Urban Development (HUB). They offer financial counseling and advice on how to get out of any financial situation. Furthermore, they will assist with fair and equal housing opportunities for everybody. It’s always nice to have some advice from someone not trying to buy your home or get you to take out a loan. They will inform you on the best source of action with your financial issues.
Foreclosure is a heartbreaking situation for homeowners but with the right investor you can make light of a sour situation and make it into a winning profit. At Win Win Home Buyers we buy your home for cash and/or take over your mortgage payments. We are a family owned company and understand the devastating situation you may be facing with foreclosure. We want to help provide a win win situation. To get more information please visit our website at www.winwinhomebuyers.com or give us a quick call at 469-250-6655.