Foreclosure can be a scary situation. Dealing with the banks can be a scary situation. Rest assured you have options to avoid foreclosure.
The first and most important step is to realize that you need to take action with your situation. It is not going to go away. So what do you want to do? Stay in your home or sell it?
If you want to stay in your home you need to answer a few quick questions like: Do you have a job? Does your income justify supporting your house payment? Can the bank modify the loan that makes sense in regards to terms that all parties can adhere to?
You can contact your county housing authority to discuss this option. They will ask you a series of questions and let you know right away if you can stay in your home.
If you can not stay in your home the other way to avoid foreclosure is to do a short sale. A short sale is where the lender agrees to take less than what is owed on the property. This will help you in many ways but the most important aspect is that you have closure with the bank as you know exactly where you stand with them.
A short sale is just like selling your house, you list your home and receive an offer but the bank decides on if they will take the offer. This is where we negotiate for you to yield the best possible result.
Home Rescue works hard in obtaining the best possible result in utilizing the short sale. We work hard to get the bank to forgive the debt so you can wash your hands of the house.
For detailed information please go to Short Selling Denver and download the e-book that explains in detail the short sale process and the various ramifications of the short sale and foreclosure.
You can not just walk away from your house. The bank will come after you if you just leave it to them.
Call today with any questions at 720-240-6786.
