Though you never had foreclosure in mind when signing your mortgage agreement, you’re not the first homeowner to go through this situation. The good news is that regardless of why you’re experiencing it, there are ways to avoid foreclosure if you live in Austin, TX. The Owner Finance Group will tell you how.
The Best Way To Stop Foreclosure
There are several ways to delay or potentially stop the process of foreclosure, including:
- Refinancing your loan
- Filing for bankruptcy
- Applying for a loan modification
- Negotiating with your lender
But what could be your best choice? Almost all processes that involve stopping foreclosure take too long and tend to be costly, or they don’t solve your issues entirely. If you are running late with your mortgage payments, you likely don’t have time or money to spare for these methods.
Sell To A Home Buyer
One of the best options for people that are at the brink of foreclosure is to sell their house in Austin, TX to home buyers. Home buying companies help you avoid foreclosure by buying your house directly from you in a short amount of time — much less than it would take with a realtor.
Selling to a home buyer may sound similar to a short sale, but it’s actually much better. A short sale isn’t necessarily fast, but a home buyer will close the sale in just a couple weeks, which helps if you’re facing foreclosure soon. A short sale also acknowledges that the house will sell for less than what’s owed, but a home buyer will give you a fair offer that may be higher.
The home buying company reviews your case and presents you with a fair offer and some options. Every case is customized according to each client. The goal is to find a solution for you to avoid foreclosure and save your credit.
The Owner Finance Group LLC
At the Owner Finance Group LLC, we aim to help our customers avoid foreclosure by buying their house directly when others would probably not want to. Once you start working with us, we keep you updated during the process, and most importantly, you won’t have to pay for commissions, fees, cleaning costs, and more. You can simply cash in and pay off your mortgage, avoiding foreclosure completely.