Prevent Foreclosures

There are so many reasons why you should prevent foreclosure. If you own a house with a mortgage and your financial situation is such that you may not be able to make a mortgage payment in the future, please let us help you.

Reasons why you should prevent foreclosure or stop foreclosure (if foreclosure already happens)

Leave your home on your own terms instead of getting evicted

At the final stage of foreclosure, if you have not vacated your foreclosure property, you will be evicted. It is not pretty. We have seen many nice and respectable folks leaving their beloved home in a hurry in the middle of the night to avoid being seen by neighbors and sparing themselves of embarrassment. Getting evicted is by FAR worse than if you were to leave your home by yourself or even
selling your home in advance.

Get something for your home instead of getting nothing after foreclosure is complete

If you sell your home before your mortgage lender is done foreclosing on your house, you may get some values from your property. Nowadays, it does not matter how much you owe your mortgage lender. If you owe your mortgage lender MORE than your home is worth, real estate investors can help you negotiate with your mortgage lender in a process called 'short sales'. By doing so, you will be able to sell your home for what you owe on it to the real estate investors. This is particularly beneficial when you owe
more than you can sell your home for.

For example, if your home is worth $200,000 in the market right now and you owe your mortgage lender $250,000. You can only sell it for $200,000 or less if you try to list it on the market with a realtor. In order to sell your home fast, you may have to reduce the price to $180,000. You will also have to pay realtor's fees and other costs. Let's say, you will end up with about $170,000 net for your house.
Since you owe the mortgage lender $250,000, you will have to come up with $80,000 on the spot.

However, if you sell to real estate investors, they will negotiate with the bank to drop
off the remaining portion of your debt. That means, at the end of the day (subject to a successful short sale), you will no longer owe the bank anything. An investor will buy your house, help you find other housing arrangements if needed, set you up with some start up cash, and also help you clean up your credit so that
you can borrow again for your new home in the near future.

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The first and easiest step to prevent or stop your foreclosure is to get a free foreclosure consultation. Below is a great service that offers a free, no obligation, foreclosure consultation.

The solution for each foreclosure is different depending on your situation, how far along your foreclosure is and who the lenders are. You will find out in your free consultation what possible solutions there are and what options you have. You are not obligated to do anything. The free foreclosure consultation is there to help you understand what will happen and what options are available to you.

Most people are often surprised to know that they have more options to get out of foreclosure than they thought.