Time is of the essence. Unfortunately, those words can hit deeply when an impending foreclosure is on your horizon. But, before it’s too late, you should take the lead and take immediate action to head off foreclosure with your lender. When your home is at risk, the unknown outcome can cause a great deal of stress, and knowledge truly is power, especially when it concerns a financial matter as serious as a foreclosure in South Jersey. By educating yourself on the specifics of the processes involved in foreclosures, you’ll have a clear blueprint to a better tomorrow.
We’ve gathered together the following tips to help you understand the ways you can fight back against foreclosure in South Jersey.
Make the First Move
The best way to fight back against foreclosure in South Jersey is to be upfront with your lender about upcoming financial problems or other issues which will interfere with your ability to maintain your monthly mortgage payments. Your lender may be willing to work with you towards maintaining the mortgage through special financial arrangements, such as forbearance with a repayment plan or a mortgage modification. If you’re considering selling as a solution, working with a professional investor from Code Green Cash Homes can help you understand your options. If you believe you could afford the holding costs to wait for a buyer to come along, you’ll know what you would earn if you worked with a real estate agent or sold directly to Code Green Cash Homes.
It’s Not Too Late
If you’ve received notices from your lender and hesitated in making any moves to fight back against foreclosure in South Jersey, but foreclosure proceedings have yet to start, reach out to the mortgage lender about a short sale or deed in lieu. A short sale requires the lender’s permission, allowing the property to sell for less than is owing on the existing mortgage. However, it’s important to note you may still be left owing the difference to the lender. Therefore, we encourage you to compare these options for yourself. Should you select to sell to Code Green Cash Homes, in many cases, Code Green Cash Homes offers our guaranteed closing within a matter of days. Need a few more days or weeks before you move? Code Green Cash Homes can set a date that suits you best. And Code Green Cash Homes is fully transparent with how we calculated our offer, so you’ll agree it is fair.
Out of Time
A foreclosure will remain on your credit history for seven years following the first missed payment. Depending on the type of bankruptcy you file, this red flag could stay on your credit history for up to ten years. Suppose it has boiled down to a decision between which is worse for your credit, bankruptcy, or foreclosure. In that case, your unique situations causing the foreclosure are the deciding factor that will do the least amount of damage to your future. Both options can make attaining another mortgage difficult, depending on your credit history following the event. Possible consequences could include limited living options, your ability to acquire credit, and possibly missed employment opportunities. Code Green Cash Homes may be the answer to your troubles. Code Green Cash Homes can help you maintain your credit standing with our fast closings to fight back against foreclosure in South Jersey. In addition, because the professional investors at Code Green Cash Homes will pay you in cash, you won’t have to worry about financing approval delays.
At Code Green Cash Homes, we stop and take the time to listen to your circumstances. The pros at Code Green Cash Homes have years of experience helping homeowners facing foreclosure jump over any hurdle. The professionals at Code Green Cash Homes will help you win the fight against foreclosure in South Jersey. To learn more, send us a message or call Code Green Cash Homes at 856-431-5822.