Get An Offer Today, Sell In Less Than 21 days...
Avoid Foreclosure in Philadelphia
While the housing market is rebounding, many Philadelphia people still struggle to make their mortgage payments. If you’re underwater on your home or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider will foreclose. Thankfully, there are several things that you can do how to avoid foreclosure in Philadelphia. It’s important to remember that moving quickly is paramount and could save your credit rating and your home. So, let’s dive in on quick tips on possibly how to avoid foreclosure in Philadelphia involving your home.
The Keys of How to Avoid Foreclosure in Philadelphia | Do Not Abandon Ship
Many people give up and walk away from their property. Even areas of Philly have begun to resemble ghost towns, as the economy and recent inflation have impacted residents significantly!
Detroit is a prime example of what can happen when people abandon their homes. Detroit was once booming, just to become desolate!
This can be highly stressful but keeping your wits about yourself is essential. A foreclosure will significantly impact your credit score and likely prevent you from purchasing property for years. If you sell your home, you could leave a portion of the loan unpaid, and the lender could pursue legal action against you for the outstanding amount.
While it’s incredibly stressful, you do have multiple options:
• Negotiate with your mortgage lender. Banks and other financial institutions are well aware that the citizens of Philadelphia are struggling. If you haven’t missed mortgage payments yet, you may have some leverage to renegotiate the terms of your loan. Banks don’t like foreclosing on homes, and many will work with you if you are not too far behind on your payments. You may be offered forbearance or even a complete loan modification.
• Ask for help from Uncle Sam. It may seem difficult to ask for assistance, but the federal government has implemented several programs to help struggling homeowners over the last five years. The Home Affordable Modification Program (HAMP) allows struggling homeowners to modify their loans, reducing monthly mortgage payments. The Home Affordable Refinance Program allows homeowners who are current on their mortgage payments to refinance an adjustable-rate mortgage into a low-interest, fixed-rate loan. Both of these programs are subject to eligibility requirements.
We understand that the possibility of losing your home can be stressful. You aren’t alone. Citizens all over the city of brotherly love are going through the same troubles. Foreclosure can have a lasting effect on your financial life, and it’s essential to move quickly and take advantage of any options available. You could save both your credit rating and remain in your home.
We may be able to help you avoid foreclosure in Philadelphia and surrounding counties… connect with us today, and let’s discuss your situation. We don’t charge fees; we’ll evaluate your case and present your options so you can move forward and get this foreclosure behind you!
Give us a call anytime at [215-359-6090] or
please fill out this form on our website today!
Sell Property Directly to an Investor
If you’re facing pre-foreclosure, you may desire to avoid the stressful foreclosure process, and the best way to achieve that goal will be to “sell my home” fast directly to cash home buyers! Selling your property quickly in its current condition can be completed within three weeks! This method requires no repairs or renovations; no walkthroughs or inspections are necessary. When choosing Buying Property 215, the seller will be responsible for zero closing costs or fees! Our family-owned company has an A+ rating with the Better Business Bureau & can guarantee the highest cash offer! Contact us today to review our real estate services and see how we can help you!
We research the details of your home and start crafting an excellent cash offer for you.
Get Your Offer
We present you with a fair cash offer without obligation and fees!
Get the cash you need now. You do NOT have to wait 6 – 12 months to get your house sold.