Hi everybody, this is Alex from Coastal Edge Homebuyers. In the next few minutes, I wanted to talk a little bit about foreclosure. And for those of you who may be facing that, or in it currently, I wanted to offer some help. And to tell you that it’s not the end of the line, there are some ways that you can explore with more positive outcomes, such as keeping your house, I know most of you probably do want to do that – to keep the house – and you’re wondering what kind of help I can get. How can I minimize the negative impacts from a foreclosure or even stop it from happening to begin with? Is that even possible? Yes, it’s possible. So, I’m going to talk to you a little bit about what we can do and how we can help you out through Coastal Edge Homebuyers. We buy houses in any condition, anywhere in the Hampton Roads area. But if you’re facing foreclosure, we can actually help you out, even without buying your house, we can offer some different ways to get your help and to get your family in a better state, better situation and moving past the foreclosure, maybe even stopping it. So, what ways could you explore to stop a foreclosure? I’m going to go over a couple of those with you. And if you want to know more, if you are in pre-foreclosure situation, give us a call, we’ll be happy to sit down and talk to you and go over these options for you and help you choose the best one based on your situation and the best outcome from for your family. Why? Because we truly care about helping you. This is how we’re going to prove it to you.
So today, I’m going to just share a couple of ways. And one of those is you can actually talk to a friend, relative, neighbor, anyone who may be willing to listen to help you out – with a short-term loan. Now this is very intuitive. Many of you may have tried that or maybe thought about it. Well, when is the end of the line, what do you have nothing to lose, get to get a loan, maybe a short-term loan, and then come up with a long-term plan to catch up with things such as jobs, whatever the situation may be, that caused you to not being able to pay your mortgage on time. When you get a short-term loan, you can negotiate the terms with whoever is helping you out, whether it’s a friend or relative, and based on your own abilities, realistically, come up with a good re-payment plan. And basically, that will get you out of the foreclosure situation, you can catch up on the mortgage payments, pay back what you owe, and basically continue on with your life. But please remember, you have to be honest with people (and yourself!) and your abilities to work hard to pay back the loan and get back on your feet to ensure the longevity of your staying in the house and paying the mortgage going forward.
What’s another way to stop foreclosure? Well, you can declare bankruptcy, but this is not the way we want you to actually to consider as a first option. But it is an option. Why? Because it can allow you to stay in your house longer. Because if a foreclosure auction does happen, you will have to move out quickly right afterwards. But declaring bankruptcy can keep you in the house for longer. Now, this will vary depending on state by state and the local laws and regulations. But you will be able to stay in the house longer, which can give you time to make better plans, whether that means to catch up with bills and everything else, or maybe make a plan to move out when you’re more ready. Now isn’t that great? If these ways are not workable for you, we have other ways, as I mentioned earlier, please give us a call, we’ll be happy to share those with you. But also, I wanted to mention that selling the house fast is an option. Yes, you will have to move out. But you’re going to get couple of positives that you wouldn’t in any other way. Number one, if you sell the house, there may be a way where we can actually get you some money in your pocket to help you with the move, or maybe start your new life. Your mortgage lender is certainly not going to do that for you. And better yet, if the foreclosure doesn’t happen, because you sold the house before the foreclosure auction, what happens is the foreclosure cease, the house will be sold and paid for the mortgage lender (or someone will take over the mortgage payments), the attorneys, whoever is involved will get paid too. And that will all go away, which means it (the foreclosure) is not going to show up on your credit. This is also great news for you, because foreclosures can have a pretty big and negative impact on your credit for years to come. So, these are some of the ways that we can handle foreclosure. These are by no means all the exhaustive options we have.
We’ll be happy to go over all of the options for you and help you choose the best one for you and your family. So, if you’re facing foreclosure, please give us a call. We’ll be happy to help you out. We’ll have your best interests at heart. Yes, we buy houses, but we don’t have to buy yours. But if that is what you want to do, we’ll be happy to help you out with that too. Because we buy houses quickly and we close very fast. There are no repairs that are necessary. We make it easier, because we help people in many different types of situations, one of which is foreclosure. But in any case, if you need more help, please give us a call at 757-414-7117 You’ll be happy you did! Thank you have a great day!