Hi, folks. This is Alex from Coastal Edge Home Buyers. Today, I wanted to go over a topic that I’m sure it’s not very pleasant for many of you if you’re about to deal with this. It’s foreclosure. So imagine that you have this situation, you haven’t been able to keep up with the payments for a while, something happened in your life or your job so you’ve been accumulating some bills, and sooner or later, the bank will start knocking on your door and say, “Hey, where’s the mortgage payments?” I’m sure by that time, you probably may have explored some options to work some things out with the bank, which you absolutely should and that means working with the financial institution to come up with some type of a deal or a plan to pay whatever is owed to the bank, become current eventually, or put some of that money that you owe back at the end of the mortgage as a total.
So basically, there are some options that you could explore with your financial institutions, but at the end of the day, if nothing works out well, a time may come when they want to take the house back. If you’re facing that, don’t worry, we can still help you out. This is exactly one of those special cases in which we can help people.
We are direct home buyer. Our name is Coastal Edge Home Buyers. If you’re on our page, you can see information about us. We buy houses directly from consumers anywhere in the Hampton Roads area.
If you are facing foreclosure, you probably would have already been given some information from your financial institution. Maybe you’ve tried some things, letters have come from an attorney, so a time is coming for you to make some harder choices. We can still help you. How is that?
Well, first of all, we can take the pain away from you. We can buy your house. Yes, you may or may not make any money from that transaction but the important thing is we can take that away from you and get this. We can save your credit. Okay? Foreclosure can stay for up to eight or more years on your credit report, it will prevent you from getting another mortgage. It’s a big ding on your credit okay? So if you can avoid it, I would suggest that you do everything in your power to do so. We are one of the ways through which you can do that.
What happens is that we’re going to review your situation, we can see if you’re a good fit for us because we don’t buy every house we see. We’re going to check everything out, we’re going to take a look at the house, and your particulars of your situation, we’re going to look at what the reinstatement costs are, which means to reinstate the mortgage to be current, to pay the attorney fees or anything else associated with pushing the house into foreclosure and going to an auction. If we can stop that, if the amount including the reinstatement costs and the whatever you owe back to the mortgage up to that point, if that is not a huge amount, guess what? We can help you out. We can make a payment to actually take care of these costs. In some cases, we can even help the homeowner with a little bit of money, extra cash may help them move.
And also we can work on your timeline. You don’t have to move out immediately. Some people don’t even realize this, but you have some extra options time-wise also on top of the financial options that we can offer for you. Don’t be afraid of that situation. Many people have gone through it, and yes, you can come out on top again one day, maybe not immediately, but over time after we help you ease the pain, take the house away and all that comes with it, including saving your credit.
If you are facing foreclosure, I want you to know that there is hope out there and we can help you out. We may or may not be able to help each and every person, every situation is different. Just give us a call, tell us what’s happening, exactly what options you have explored. We’re going to review everything for you. We’ll lead you by the hand every step of the way, and we can close as quickly as 10 days. We can save you even if it’s come to a point where maybe a week or two weeks from now your house is headed for an auction.
Long story short, you have more options, even more so than maybe your financial institution has told you already about. Give us a call. We’ll be happy to help you out. We buy houses anywhere in the Hampton Roads area, primarily in the Seven Cities, and we buy houses in any condition, no repairs, no cleaning, we can do quick closing, sometimes in a matter of a week if it’s an emergency, if there’s no big title issues to delay closing, we can get it done. If you have any more questions, please give us a call. We’re going to help you out, no matter if we buy your house or not, we can at least show you your options. I’m sure you’re going to like a lot of the things you’re going to hear from us. Just give us a call. We’re Coastal Edge Homebuyers and you can reach us at 757-414-7117.