The American dream of homeownership is a beautiful aspiration. Unfortunately for some homeowners, it often spirals into a nightmare of potential foreclosure. Foreclosures jeopardize not only properties but also entire ways of life. As such, if you’re staring down the barrel of a foreclosure sale in the near future, you need solutions, and you need them now.
What Are Your Options?
First, take a deep breath. In most states, including North Carolina, foreclosures take at least 120 days – about four months – to conclude. This is mainly due to homeowner protection laws and judicial processes encouraging homeowners and lenders to explore alternatives that could help delay or avoid foreclosures. These options include filing for forbearances, loan modifications, or refinancing. However, if you’ve exhausted these options, selling your house before the foreclosure date could be your best bet.
How Selling Helps Avoid Foreclosures
- It’s perfectly legal. The lender only needs to recoup their unpaid dues, and you’re within your rights to sell your property to clear your debts.
- You can sell at the best possible price. By working with a reputable home buyer, you can get a fair cash offer and recoup some of your investment.
- You can salvage your credit. Foreclosures can severely impact credit scores, making it difficult for homeowners to secure loans or mortgages in the future. Selling your house fast can help you avoid this devastating blow.
When battling foreclosures, time is of the essence, and that’s where we come in. At Widespread Properties, we understand the urgency and stress of your situation. We’re ready to offer you a lifeline: a fair cash offer for your home in as little as 24 hours. This will help you bypass foreclosure and quickly put some cash in your pocket.
For more information on beating foreclosures, talk to us today.