If you’re facing foreclosure, you’ll be glad to know there are plenty of ways you can stop that from happening. It’s essential for you to get informed on what your options are, and which is your best choice. At The Owner Finance Group, we’ll break down why selling your home to a home buying company is the ideal way to stop foreclosure in Jarell, TX.
Why Is Selling Your Home The Best Choice For You?
The most commonly advised procedure on how to avoid foreclosure is to talk to your lender and ask them for alternatives. Yes, they will provide you with options and ways to prevent foreclosure as your last resource. Still, the outcome will often be acquiring more debt over a more extended period. These “solutions” could lead to:
- Letting you work out a repayment plan
- Forgiving a month of payment (which almost never happens)
- Spreading out the payments over a longer period
- Increasing your loan balance to include the back payments
- Offering a separate loan
As you can see, all these options lead to increasing your debt. You’ll only sink even more into debt through your mortgage payments. That’s why selling your house to home buyers has turned out to be an incredible solution for many. These types of companies buy your home regardless if you’re behind in your mortgage payments and about to face foreclosure.
Losing credit is also a concern. When you lose credit due to foreclosure, it’s tough to buy a new home or a car, or even have the opportunity to find a new job. If you are at the brink of foreclosure, it’s preferable to sell your home to homebuyers and walk away, saving your credit.
The Owner Finance Group – Your Home Buying Heroes
At The Owner Finance Group, we help our customers avoid foreclosure by buying their house in Jarrell, TX. We present several options to you and let you decide which one is your best fit. We’ll guide you throughout the entire process, and most importantly, you won’t have to pay for any commissions or fees.