Your job hours have been reduced so the company stays in business through the current economic storm after Covid-19.
You may be lucky that you still have a job, but it has made things really difficult at home and the mortgage payment is no longer manageable.
In fact, you’re a couple of months behind and the lender has sent you a notice of intent to foreclose. Is there anything you can do?
As long as you still have steady income, you may be able to rearrange your mortgage to reduce the payments. If you just need a reduction in the monthly amount you must pay, there may be hope for you to stay in your home without losing it to foreclosure.
Speak to your lender first and explain the situation. Ask if there is anything you can do to change the payments, as you still have steady income and can continue to pay, but not at the amount you originally agreed to.
Lenders are anxious to work with homeowners that have income to pay off their homes, even though their incomes may be smaller than what they reported when first taking out their original mortgage loan. It’s better for lenders to keep you in your home even if your payments are smaller, than to foreclose on you and sell the house at auction for a lower than market value price.
There are services that claim to help those that are in foreclosure in Atlanta, and some are legitimate. Selling the house in a short sale is a possibility if you want to get the mortgage paid off and move on to a less expensive home. A short sale might be accepted by your lender. Real estate investors deal in short sales and could be of help to you in getting one accomplished.
Atlanta Real estate investors are professionals that buy and sell houses as though they are moving chess pieces. It’s a game that they are good at, as the average full time investor may be involved in several home sales or purchases every month.
This means that they are familiar with lenders and their requirements and timelines. They know which documents to fill out for specific situations. They are good at creative financing and solutions to different reasons for a homeowner needing to sell a home quickly. They can do a complete home sale, in fact, in about a week. They deal mostly in cash or have lines of credit to use that allows them to pay cash for your home without reservation.
We Stop Foreclosure in Atlanta
With us, your house can be sold quickly. We handle everything, so you don’t even have to sweep the floor.
We understand that the process of selling a house can be confusing, scary, and frustrating, and when you want to sell your house fast, you need it quick and efficiently, and that is exactly what we specialize in.
There are no contingencies, no waiting for bank processing, and no cleaning. We will offer you a reasonable and fast cash offer for your house. There are no wholesalers or middlemen, so that we can pay you the fairest amount of cash directly. We make selling your house fair, hassle-free and quick.
