Originally posted on https://www.theequitypros.com/sell-your-house/avoid-foreclosure-mortgage/
Are you looking to improve your family’s living situation? One way is to sell the current house and get the cash you need to actualize your goals. Foreclosure and late mortgage payments, however, may get in the way. A foreclosure has a negative impact on any homeowner’s credit score. It may prevent these individuals from buying another home in the near future. At The Equity Pros, we can help you sell the house quickly before it enters foreclosure.
What is Foreclosure / Mortgage?
Foreclosures refer to legal processes where lenders take control of an individual’s property, evict the homeowner, and then sell the home. This can happen if the homeowner is unable to fulfill the principal and interest payments pertaining to his or her mortgage, due to death, medical challenges, divorce, unemployment – just to name a few.
The rate of foreclosures in the United States is increasing on a yearly basis. About one percent of 1.3 million American homeowners face foreclosure. Although some homeowners are able to work their way out of foreclosure, hundreds of thousands of homeowners were still unsuccessful.
Avoid Foreclosure / Mortgage | Why?
Foreclosure/mortgage threatens homeowners who are seriously late on their mortgage payments. When foreclosure looms, the homeowner should aim to sell the house as quickly as possible, prior to the auction is possible. This is one way to stop the foreclosure process. If the house takes a longer than average time to sell, the homeowner may have to deal with high foreclosure rates. Of course, you wouldn’t want to make a loss when selling your house. That’s where we come in.
Avoid Foreclosure / Mortgage | How Does it Work?
The traditional way is to first hire a real estate appraiser to assess the house and determine a competitive selling price that fits the current market. Home appraisers often assess factors such as selling prices of similar homes in the local area, the overall appeal of the neighborhood, and the condition and size of the house.
If the value of the house is greater than or equal to the balance of the individual’s mortgage, it will be listed on the market. If not, a short sale will be considered. The latter entails extra steps, which is to seek the approval of a real estate company and the mortgage lender. An agent will only be dispatched to find a seller for the house if the short sale is approved. As you can see, these steps are time-consuming.
At The Equity Pros, we have a better way of doing things. After a brief home evaluation and appraisal procedure, we can give you immediate cash offers. After accepting our offer, you can choose your preferred closing date. Selling your house to avoid foreclosure/mortgage is fast and easy with us!
Avoid Foreclosure / Mortgage | Choose The Equity Pros
At The Equity Pros, we do not deduct repair fees, inspection fees, closing fees, and commission fees from the successful sale of your house. Regardless of the condition of the house, we will buy it. You do not have to repair or renovate it. Our company will buy your house on an as-is basis while offering a fair price for it. We believe in People Over Profits, and that’s why we offer flexible closing dates to avoid messing up your schedule.
If you require professional assistance to avoid foreclosure/mortgage in Raleigh and all surrounding areas in North Carolina, simply call (919)-229-4991 or complete our online contact form.