Time is of the essence. Unfortunately, those words can hit deeply when an impending foreclosure is on your horizon. But, before it’s too late, you should take the lead and take immediate action to head off foreclosure with your lender. When your home is at risk, the unknown outcome can cause a great deal of stress, and knowledge truly is power, especially when it concerns a financial matter as serious as a foreclosure in Southern California. By educating yourself on the specifics of the processes involved in foreclosures, you’ll have a clear blueprint to a better tomorrow.
We’ve gathered together the following tips to help you understand the ways you can fight back against foreclosure in Southern California.
Make the First Move
The best way to fight back against foreclosure in Southern California is to be upfront with your lender about upcoming financial problems or other issues which will interfere with your ability to maintain your monthly mortgage payments. Your lender may be willing to work with you towards maintaining the mortgage through special financial arrangements, such as forbearance with a repayment plan or a mortgage modification. If you’re considering selling as a solution, working with a professional investor from Ryan Buy My House can help you understand your options. If you believe you could afford the holding costs to wait for a buyer to come along, you’ll know what you would earn if you worked with a real estate agent or sold directly to Ryan Buy My House.
It’s Not Too Late
If you’ve received notices from your lender and hesitated in making any moves to fight back against foreclosure in Southern California, but foreclosure proceedings have yet to start, reach out to the mortgage lender about a short sale or deed in lieu. A short sale requires the lender’s permission, allowing the property to sell for less than is owing on the existing mortgage. However, it’s important to note you may still be left owing the difference to the lender. Therefore, we encourage you to compare these options for yourself. Should you select to sell to Ryan Buy My House, in many cases, Ryan Buy My House offers our guaranteed closing within a matter of days. Need a few more days or weeks before you move? Ryan Buy My House can set a date that suits you best. And Ryan Buy My House is fully transparent with how we calculated our offer, so you’ll agree it is fair.
Out of Time
A foreclosure will remain on your credit history for seven years following the first missed payment. Depending on the type of bankruptcy you file, this red flag could stay on your credit history for up to ten years. Suppose it has boiled down to a decision between which is worse for your credit, bankruptcy, or foreclosure. In that case, your unique situations causing the foreclosure are the deciding factor that will do the least amount of damage to your future. Both options can make attaining another mortgage difficult, depending on your credit history following the event. Possible consequences could include limited living options, your ability to acquire credit, and possibly missed employment opportunities. Ryan Buy My House may be the answer to your troubles. Ryan Buy My House can help you maintain your credit standing with our fast closings to fight back against foreclosure in Southern California. In addition, because the professional investors at Ryan Buy My House will pay you in cash, you won’t have to worry about financing approval delays.
At Ryan Buy My House, we stop and take the time to listen to your circumstances. The pros at Ryan Buy My House have years of experience helping homeowners facing foreclosure jump over any hurdle. The professionals at Ryan Buy My House will help you win the fight against foreclosure in Southern California. To learn more, send us a message or call Ryan Buy My House at (714) 451-6458.