3 Ways To Avoid Foreclosure

Are your looking for ways to avoid foreclosure? Maybe you have received a notice of default in the mail?  Or have you received a notice of sale in the mail?

Perhaps you have fallen behind on your mortgage payments due to a job loss… Whatever the case is, the most important thing you need to do as the one responsible for the mortgage is decide to do something about it before it’s too late.  Many homeowners often decide NOT to do anything because they assume that the problem will simply go away… and this cannot be further from the truth!

A mortgage foreclosure can be devastating, it can affect you emotionally and irreparably damage your credit score. Here are three things you can do to avoid foreclosure:

1. Contact your lender to work out a deal…

Don’t wait for the bank to contact you. Lenders appreciate quick action as it shows that you care about the default and are willing to work it out. Besides, lenders don’t want to go through the hassle of having to spend time and money to foreclose on defaulted property. Some of the options you’ll be offered may include temporary relief from mortgage payments. Sometimes, the lender will allow homeowners to spread out the payment so you can catch-up later and pay up when it’s possible for you to do so. They may also modify the loan to terms that are more favorable.  If you truly do want to stay and keep the home, it is imperative that you get in contact with the lender immediately.

2. Sign a deed in lieu of payment…

You can transfer the deed of the property to the bank to stop them from foreclosing. This isn’t always feasible and should be used as the last option. For example, if your house isn’t worth the outstanding mortgage due, you’ll have to still pay the balance amount owed.

3. Call The Property Savers…

The Property Savers have helped multiple homeowners avoid foreclosure by making them a fast and competitive offer to purchase the property.  We buy houses in Las Vegas for cash.  We specialize in helping motivated homeowners who have a strong reason to sell quickly and easily. We buy any property in any condition, any location, and any price.  You will not be asked to spend any money on repairs, cleaning, or fees.

Did you find this blog helpful and are curious to speak with us to learn more?

Call or text us directly at 702-728-4705 and we will help you explain your options.

Thank for reading! : – )

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