If you’re facing foreclosure, you’re probably feeling caught between a rock and a hard place with no option other than to head to court. After all, there’s no way to get out of foreclosure. Except… there is. Here are some insights and a great solution to your mortgage troubles from the team at Shiny Key Properties – you can sell your home through our cash for houses Dallas program.
Reasons for a Pending Foreclosure on a Home
There are so many reasons why a person can end up facing foreclosure. Other than those people who knowingly commit mortgage fraud, people facing this situation are there for understandable reasons that are often out of their control. Our team isn’t here to judge – they’re here to help.
Here are some of the reasons why people contact us to help them get out of foreclosure quickly:
- Unexpected unemployment, job loss or retrenchment
- A death in the family
- A sudden medical emergency
- A divorce or loss of a second income
- Inability to pay after interest rate hikes
- Unaffordable balloon payments are due
- Excessive debt obligations
- A large, unexpected home maintenance expense
Any of these major life changes can happen to anyone at any time. The important thing is that there is someone there to help when they do, as it’s vital to avoid foreclosure if possible.
Why Get Out of Foreclosure Quickly?
It might seem that once the foreclosure process has started that you have little choice but to go through with it. However, there are other options – and these options are much more beneficial to you than going through the court process. Here’s why:
- Credit record is damaged: Most importantly, your credit record will be damaged on a long-term basis if you have gone through the foreclosure process. It is very difficult to repair your credit record and this process may take many years. With a poor credit record, banks and other lenders are much less likely to give you credit or let you take out a loan or mortgage.
- Landlords less likely to lease: If you want to rent rather than buy your next home, your damaged credit record is likely to affect this. You will be regarded as a less desirable tenant than someone with a good credit record even if you can prove that you have the finances in place to cover your rent.
- You may be subject to the remainder of your mortgage: The final stage of the foreclosure process is when the lender (whoever holds your mortgage) puts the property up for auction. In these circumstances, it is very difficult for the lender to get a good price for the property. If the selling price doesn’t cover what you owe on your mortgage, you will end up having to continue paying off this loan without having any rights to the property.
Facing foreclosure is a tough situation to be in, but it doesn’t mean that you are out of options.
How to Get Out of Foreclosure with Our Cash for Houses Dallas Program
One of the best options for avoiding foreclosure is to sell your house. This means that, by getting the right price, you can pay off your loan and start over with a clean slate and without damaging your credit record. Unfortunately, this means selling your home quickly and the traditional method through estate agents can take many months. Realtor fees in Texas are also quite high and means that a chunk of your sale will go directly into someone else’s pocket, at a time when every penny counts.
Our solution is that our company buys your home from you directly. This gives you an immediate sale, which means cash in your pocket as soon as possible. There are also no realtor or estate agent fees to pay, so it’s more money for you. Another benefit is that we buy your home in its current condition at a market-based value, so you don’t have to spend anything on the maintenance, repairs or aesthetic touches you’d need to sell your home the traditional way.
So, is there a catch? Only a small one. In order to assist you, our team needs to be contacted as early on in the foreclosure process as possible. This is because at a certain point, the lender becomes the legal owner of the property and it then the foreclosure process has to be followed. So, if you are facing the possibility of foreclosure, it’s a good time to contact our team and talk about your options. There is absolutely no obligation on your side to accept any offer we make, and our friendly, compassionate team keeps all your information completely confidential.
Cash for Houses Dallas – How Does it Work? Speak to Shiny Key Properties and Get Out of Foreclosure
Interested in finding out more? Here’s how our process works:
- You enter your information on our website
- We’ll contact you directly to discuss an offer for your property (you can also get a free property evaluation from our website)
- You can accept or reject the offer
- You can also call us directly on 469-858-0088
At Shiny Key Properties, our trained consultants have years of experience in dealing with foreclosures and assisting homeowners in selling homes quickly, and all your information is kept confidential at all times. To find out more about our cash for houses service and to get out of foreclosure today, contact us today and speak to one of our friendly team members. Click here to get a free home value report.