Answers to your questions on, how to stop foreclosure by selling your house to house buyers, or short sale investors.
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1. Is there a way to Stop Foreclosure?
To "stop foreclosure" you will need to come up with a plan to either work out a payment plan with your bank, or quickly find a buyer for your house. If you need a fast offer to buy your house, you can fill out our we buy houses form.
2. The foreclosure process.
How and when will it start what can I expect when going into foreclosure.
2.1 How soon after I miss payments will the foreclosure process start.
In most cases mortgage holders will not send your foreclosure notice to start the foreclosure process for at least the first 3 months. Of course they are not all the same and the foreclosure process is also different in different states.
2.2 Research the foreclosure laws, procedures, for your State.
As each state has their own process to follow, it would be a good idea to do some research online about what the particular process is for your State and be knowledgeable about your local situation.
2.3 Can you actually stop foreclosure?
Sometimes if you can not make your payments, banks may still be willing to put a foreclosure on hold if you can prove that you are in the process of selling your house. Most lenders would rather not get a property back in foreclosure if you are able to sell the house and get the note paid off. For this reason, if you can provide a contract showing that you have the house sold and are just waiting for a closing, they may be willing to put off the foreclosure for a time.
3. Getting an offer to buy your house to stop foreclosure.
If you would like to get a no obligation offer to buy your house from an investor within our network, you are welcome to fill out our sell your house now form and see if any of our investors are interested in it. Every case is different, but depending on the particular property, how far behind it is in payments, how much equity is in the house, or the possibility for the investor to short sale the house, you may be able to get a workable offer to buy it.
4. Be aware of STOP FORECLOSURE SCAMS!
Something to be cautious of is that there are quite a number of stop foreclosure scams where someone may false, or misleading offers solely for the purpose of getting you to pay them some, or even a considerable amount of cash up front. They may offer to "negotiate with your bank" on your behalf, or there are even scams that claim they can get your mortgage lien removed altogether.
So as a word of caution, "if it sounds to good to be true?"... then it probably is. Do your research and especially check out those with whom you plan to do business and most of all, there should not really be any reason to pay money up front.