How To Avoid Foreclosure of Your House in Greenville

How To Avoid Foreclosure of Your House in Greenville

You must act quickly at the first notice your lender is moving towards foreclosure proceedings in order to avoid the expenses, long term financial impact, and emotional turbulence of the process. This is not the time to stick your head in the proverbial sand, as letters, email, and phone calls begin to mount and become insufferable. Many homeowners become paralyzed under the pressure until it’s too late to take any steps to avoid foreclosure and it has now become a legal matter that is out of their hands. We will explore how to eliminate all of these concerns and avoid foreclosure of your house in Greenville.

Consider Loan Modification

One step you could take is to talk to your lender about how to avoid foreclosure of your house in Greenville. If you meet certain criteria, they may be able to work with you to help you afford the mortgage note payments. You will have to produce a large amount of paperwork because the modification is based on financial hardship. Included in the paperwork you will be turning over to the lender, they will need to know just what occurred which caused the hardship and the known length of endurance. You’ll need proof of income and some semblance of what your income will be at the end of the hardship period.

Listing Your House in Greenville

Listing your home for sale may be another way to avoid foreclosure of your house in Greenville. This, of course, may require you to come up with the funding to make necessary repairs and get your house photo ready for your online listing. Whether you choose to go with a realtor or list your house FSBO (For Sale By Owner), there is no escaping the necessary professional photography and online marketing that will be needed, along with all other avenues of advertising your home. If your home’s condition dictates, you may also be forced to make repairs or updates before a lender will approve the loan. All of these expenses are out of pocket, however, the bottom line is that there is no guarantee that the property will ever sell or how much it will sell for. 

A Direct Sale of Your House in Greenville

Are you ready to sleep soundly tonight? The short and long-term after-effects of a foreclosure can be quite disruptive to your life and the lives of the ones closest to you. Foreclosure does more than take your home and ravage your credit, it can also cause you to be denied certain employment or even housing. You won’t be able to acquire any government-backed financing through Fannie Mae for seven years. Additionally, any debt that the creditor doesn’t realize from the foreclosure sale may still rest on your shoulders. When you work with a professional buyer like Pitt Home Buyers, you can evade all of the negative impacts foreclosures can bring down on you.  A direct sale is a quick and easy way to solve your problem and avoid foreclosure of your house in Greenville. Why not make a direct sale to Pitt Home Buyers today? We buy homes “as-is,” so you and your family can rest easy knowing you have a guaranteed sale with a very fast closing, usually in as little as 7 days. 

Stop tossing and turning! Don’t worry about losing all of the equity you have built over the years! Don’t wait until foreclosure begins, let Pitt Home Buyers help ease your burdens. At Pitt Home Buyers we are here to help you learn more about how to avoid the foreclosure of your house in Greenville.  Pitt Home Buyers is here to listen to your circumstances and help you with the best solution. Just send us a message or call Pitt Home Buyers at (252) 618-0963 today.

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