“Struggling For A Solution For Over A Year”
Where do I possibly begin when writing about this company. When they advertise their desire to be honest and forthright in their dealings while having their clients’ best interests in mind, I can assuredly say that I am living proof of just that!
Without going into a lot of detail, my living situation was rather unique, and I had been struggling for a solution for over a year when I stumbled upon House Hub Real Estate Solutions. Let me just say that both Teri and Billy were a true Godsend in my life!
How Do I Sell My House Before A Foreclosure
Schedule A Call
The first step is to speak with us so we can learn more about your Greenville home in foreclosure.
Get A Cash Offer
After the initial consultation, we will put together a fair, all-cash offer, typically within 24 hrs.
Avoid foreclosure and close in as little as 7 days after you accept our offer on your Greenville home!
That’s it! You’ve sold your home, saved your credit and avoided foreclosure!
Avoid Foreclosure In Greenville SC
And Save Your Credit.
Every day thousands of people like you have trouble making the next mortgage payment. Though things may seem hopeless, help is available. However, you need to take the first step! If you ignore the problem you may lose your home to foreclosure, possibly affecting your ability to qualify for credit or to rent another home.
We have a fast solution to your problem! Learn how to stop home foreclosure proceedings, how to avoid them and how to get help from the government, including help for veterans. There is a process you can follow to help you get back on track fast.
But first thing’s first.
What Is Foreclosure?
Foreclosure is a process that begins when a borrower fails to make their mortgage payments. When a home is foreclosed upon, the lender typically repossesses and attempts to sell the house. This happens because mortgage loans are secured by real estate, meaning your home is used as collateral.
Types of foreclosure
Zillow identifies two types of foreclosure – judicial and non-judicial
- A civil lawsuit is formed against the borrower.
- Everything is handled by the legal court system.
- A notice of pendency is performed.
- The court agrees or disagrees on the lender’s decision of foreclosure.
- The notice of sale is published.
- The process takes from 4 to 8 months.
- A deed of trust conveys an interest in real property to a third party to hold as security for repayment of a debt.
- The trustee is able to begin foreclosure.
- Notice of Default is recorded and the borrower is given a deadline to repay what he owes or object.
- A Notice of Trustee’s Sale is recorded and the auction is decided on.
- The process takes up to 12 months.
How Can I Avoid Foreclosure In South Carolina?
If you have current difficulty in paying your mortgage, contact your lender right away. Federal Deposit Insurance Corporation states that you have to make sure you work directly with your lender or counseling agency. Offers which are too good to be true are usually a scam. Stay safe and trust only reputable services like House Hub Real Estate Solutions.
When you contact your lender, be prepared to explain:
- Why you are unable to make your payment.
- Whether the problem is temporary or permanent.
- Details about your income, expenses, and other assets like cash in the bank.
If you are uncomfortable talking to your lender, a HUD-approved housing counseling agency can help you understand your options. These services are free of charge.
Open all of the mail you receive from your lender. It contains valuable information about repayment options. Later mail may have important legal notices. Failing to read the mail will not prevent a foreclosure action.
You should also carefully study your budget – track your expenses and see what type of spending you can minimize.
How to get help from the government
U.S department of Housing and Urban Development presented several programs, implemented by The Obama Administration, which will help you avoid foreclosure. The list includes Making Home Affordable © (MHA) Program. Its strategy is to “help homeowners avoid foreclosure, stabilize the country’s housing market, and improve the nation’s economy.” Companies like Federal Deposit Insurance Corporation also work towards helping you make easy and affordable repayments to your home.
How Can I Stop Foreclosure?
UAC (Urban Affairs Coalition) created a Resource Guide which will help you stop foreclosure. The guide features up-to-date information on how to avoid and stop you from losing your home.
Here are some tips on how to stop foreclosure:
- Contact the lender as soon as possible.
- Consider loan modification, a repayment plan, a reinstatement, forbearance and any other options available to you.
- Refinance your loan.
- Sell your home.
If the fourth option seems the best, you’re in for a treat. We buy houses fast and for cash. Within 24 hours of filling out the form you can have a cash offer in your hand. Not only do we pay cash for houses, but we can take that burden off your hands in just a matter of days!
What Options Will Help Me Keep My FHA Insured Home?
FHA provides, as part of its insurance contract with lenders, loss mitigation actions the lender must evaluate and take, when appropriate, to reduce financial losses on loans in default. Your lender needs information from you to fully evaluate these options. If you want to keep your home, talk to your lender about available workout options for home retention. While the options listed here are for borrowers with FHA-insured loans, most lenders offer similar workout plans designed to help you keep your home.
Your lender may provide for a temporary reduction or suspension of your payments to allow you time to overcome the problem that reduced your income. Ten you may be offered a payment plan so you can pay back the missed payments a little at a time until you are caught up. An extended forbearance period may be provided to unemployed borrowers who are actively seeking employment.
A modification is a permanent change to your loan through which the overdue payments may be added to your loan balance, the interest rate may be changed or the number of years you have to pay of the loan may be extended.
In a Partial Claim, a borrower receives a second loan in an amount necessary to bring the delinquent loan current. The loan is interest free and does not need to be repaid until you pay of your first mortgage or sell your house. This option is only available to borrowers with FHA-insured loans. However, if you have a conventional loan, ask your lender if they offer an “advance claim.”
FHA-Home Affordable Modification Program (FHA-HAMP):
This option combines an enhanced partial claim with a loan modification. Under the FHA-HAMP, the partial claim loan will not only include any amounts necessary to bring your mortgage current but may also include an amount to reduce your existing loan balance by up to 30%. Te reduced loan balance will then be modified to lower your monthly mortgage payment to an affordable level. As described above, the partial claim loan is interest free, but must be repaid when you pay of your first mortgage or sell your house.
To qualify for any of these options, you will need to provide your lender with current information about your income and expenses. Also, your lender may require that you agree to a payment plan for three or more months to demonstrate your commitment before you are approved for a modification or partial claim.
What Non-Foreclosure Options Do I Have?
If your income or expenses have changed so much that you are not able to continue paying the mortgage even under a workout plan offered by your lender, you should consider the option below for your Greenville SC home.
Get A Cash Offer Within 24 Hours
Breathe easy, we buy houses in Greenville as well as and pretty much anywhere across the Upstate and Midland counties. We work fast to get you a no-obligation cash offer for you house within 24 hours.
Our customers comment all the time about our soft approach. You won’t get a hard sell with us. If you are not completely satisfied with the offer we make to buy your house, you don’t have to accept it. No charges. No fees. No hard feelings.
We’d love to talk to you today about the house and your situation. We’re here to help even if you decide not to sell your house.
Give us a call at 864-272-5400 or fill out the form below to get started. We look forward to talking with you.
Get Your Cash Offer Now
When you contact us and submit the short property information form, we’ll present you with a fair all-cash offer on your house within 24 hours. We can close whenever YOU are ready to close – it’s entirely up to you! It doesn’t matter what condition the house is in, or even if there are tenants in there that you can’t get rid of. Don’t worry about it. We’ll take care of it for you. And, because we buy houses with cash and don’t have to rely on traditional bank financing, we can close in as little as 7 days. ()