Options To Consider If You’re Behind On Your Mortgage

sell my house fast

No one becomes a homeowner with the thought of someday losing their home. Buying a home is meant to provide people with new opportunities for growth. However, when times become tough, the exact opposite can happen. It’s easy to get caught up in the emotional aspects of potentially losing your home but staying determined, focused, and optimistic is the best thing you can for yourself and your family.

As soon as you realize you’re not going to be able to make your full monthly mortgage is the time to seek help. The sooner you take action, the sooner you’ll be in a better position to avoid foreclosure. Foreclosure doesn’t have to be the only option. By doing the following you can avoid losing your home:

Speak With Your Mortgage Lender

Avoiding phone calls, throwing away letters, and sending emails to the trash bins are things not to do when you fall behind on your mortgage. Instead, be proactive. Ask to arrange a meeting with your mortgage lender. Explain to them your situation and see if a lower monthly plan would be available until you get back on your feet. If having lost your job is the reason you’re struggling to pay your home, your lender should know this. Lenders have dealt with many similar situations and will be able to offer a potential solution based on your situation. To them, ignoring their calls, emails or letters is a sign of negligence and a lack of care.

Be Skeptical of Any Foreclosure Offer That Sounds Too Good to Be True

Ever heard of a foreclosure specialist? If they haven’t already reached out to you, individuals with this type of title will contact you as soon as your home goes into pre-foreclosure. The offer typically begins with a sympathetic “Let us help you — we’ve seen many people go through the same thing, that’s why we’re here to help.” Then, they’ll offer you a loan to cover the costs. It all sounds great and can certainly be what you need to remain in your home but the terms will leave you in a worse position. Paying back these loans will be nearly impossible given their extremely high interest rates. Do your research before signing on the dotted line.

Contact a Cash Home Buyer in El Paso

Allowing your home to go into foreclosure will leave you without a home and without the means to move on from the situation. However, one option you’ll want to consider is selling your home for cash. As cash home buyers, we buy homes in pre-foreclosure at a competitive cash offer so that you can avoid ending up without the means to secure your next move. Since you don’t have to make any changes to your home, the move, though it will be difficult will come at no additional cost to you. We don’t collect closing fees and we don’t charge a commission.

Falling behind on your mortgage can hit you like a ton of bricks. From one day to the next it can feel like everything has changed for the worse. Seek help today by giving us a call.

How Can I Sell My Home Fast for Cash?

hand holding cash while other hand holds a model home, answering the question "can you sell my home fast for cash?"We hear the same question all the time, “How can I sell my home fast for cash?” While the answer may feel impossible for most El Paso homeowners, it really isn’t. Selling a home quickly and getting a cash payment is actually not as hard as it seems. It really isn’t to good to be true in this case. Many people come to us looking for a quick sale for many different reason. On top of that, they fear the worst because their house is not in perfect shape. However, when our clients want to know, “How can I sell my home fast for cash,” we simply tell them the truth.

The Facts About a Quick Home Sale

First and foremost, from the beginning to the end of the process , it normally takes one to two weeks. In some cases the transaction can take longer. However, this is still only a percentage of the time it would take to sell the home on the housing market with a real estate agent. Many ask, “Will I get the full value of the home with a quick sale?” The simple answer is no. But, you will however get a fair price. It is important to take into consideration that the house is accepted as is. The buying agent will also be assuming all the work to make repairs and put the house on the market to get their money back. While they make a profit, they also pay all the cost that you don’t have to.

Selling a Home Fast For Cash As Is

One of the greatest benefits to a quick sale is the fact that you can sell it as it. There is is no need to make repairs, paint, fix outdated rooms or conduct any kind of work on the house. The investor will conduct an inspection and take these costs into consideration with the quote they provide. Many people say, “I just want to sell my home fast for cash and be done with it.” This is exactly the service a quick sale investor provides.

Contact Us Today

If you are asking yourself, “How can I sell my home fast for cash?” be sure to contact us at El Paso Cash Home Buyers. We provide honest, fair quotes. We also have a quick transaction period. Whether you have found yourself in a bind, or simply want to be done with the sale of your home, we can help. Contact us today for more info.