Do I Have Any Options When Facing Foreclosure in Chattanooga?
If you are about to face foreclosure do you have any options to avoid it? You can try to find another mortgage company lender or you can look for a personal loan. However, it is important to keep in mind that if money is tight and hard to come by for you, then you may want to try and sell your home.
If you were able to get a new mortgage lender or someone to give you a personal loan, you will still need to be able to pay them back. So selling your home may be your best bet in the long run. This way you can get out of a mortgage you can’t afford, and buy something more affordable so that you can live your life free of financial burdens.
So how do I sell my home in time to avoid foreclosure?
This is probably a question that you are overwhelmed with to hear the answer. Don’t be nervous about the answer because there is a nontraditional way to sell your home that is fast and easy. Sell to a cash buyer. They will be able to make your small time frame work. A cash buyer is able to purchase your home in time for you to completely avoid a foreclosure.
Benefits of a cash buyer
- Pays with cash
- Closes in seven short days
- Purchases as is
- No repairs
- No renovations
- Will purchase a home before you foreclose
If you only have a month or two to sell your home, then you are going to have a hard time selling on your own or with a realtor. Since a cash buyer will purchase your home as is, you will save time because you won’t have to repair or renovate the place. A cash buyer pays with cash, which will allow you to not have to wait for a buyer to get a loan and then close on it. A buyer could potentially back out or not qualify, and if this happens you will already have foreclosed on your home. A cash buyer does not back out. If you sell your home to a cash buyer you will not have to face a completely destroyed credit history due to foreclosure.
One last advantage of a cash buyer is that there will be no realtor fees. You will save between 4-6% of your home’s value by avoiding those pesky realtor fees.
If a cash buyer sounds like a great option for you, then don’t waste any more time. Here at Pro Source Home Buyers we are cash buying experts and we would love to help you get out of your high mortgage so that you can go find something more affordable. We will help free your financial burden, so call us today at 865-268-4537!