Hi this is Alex from Coastal Edge Homebuyers. If you have a house in Chesapeake and you’re facing foreclosure, please don’t be afraid. This is a situation that happens to many people. Sometimes there’s a better way just to make a new fresh start and sometimes there’s ways to actually keep the house if you’re facing that situation. It doesn’t matter what happened in the past. What matters now is what we do now, right? It is not wise to put your head in the sand and just imagine that you know nothing is happening. We need to take some sort of action right, so if you’re facing foreclosure, you may have been getting letters from the mortgage company. The situation might have been connected to a deceased person, or maybe you couldn’t catch up with the mortgage, maybe there was some misunderstanding with the mortgage company, whatever the case is, we can help.
We’re Coastal Edge Homebuyers, we’re in the business of real estate, but we actually help people with Home Retention – meaning if you’re facing foreclosure, we may be able to help you save your house and stay in it. Now what are some of the ways you can do that? Well, number 1 – you can ask for loan modification, this is a situation similar to the word forbearance, that is used by people meaning that basically whatever you owe, whatever you’re in the arrears for, gets put back on the back of the mortgage and you would pay it later and not today, because it’s very hard for many people to put up a lump sum of money and pay off whatever you’re behind. It could be 10 thousand, 5 thousand, 15 thousand, it could be a large amount, so you may not be able to swing it, or put it together to pay it pay it off immediately. In some cases, the banks will approve that process (Loan Mod) and in some cases they won’t. If they don’t approve it, there’s another way you can try to help yourself, and that is to get a loan from a friend or relative and that will help you at least temporarily, to actually fix the situation, by getting a lump sum of money, borrowing it from a friend or a relative, paying the bank whatever is in the arrears, but please bear in mind the following – after that you still have to find a way to pay off that person that lent it to you, unless it was a gift – that would be amazing, but you know not all of us have these friends and family that will do that for us, so you have to come up with a plan to pay off that friend or relative and also you have to keep up with the monthly mortgage payments, just like before, so it is a bit of a daunting task for some people, but it’s doable. So, there’re some other solutions out there and we’ll be happy to go over those with you so if you’re facing foreclosure, please don’t be afraid, you know there are ways that you can get some help. It’s not going to usually come from the mortgage company or even the attorney they may have hired to handle the Foreclosure.
If you’ve been getting some letters from an attorney, just remember one thing – it’s better to take action sooner than later, so if the Foreclosure auction is in three weeks, it’s already too late to do much, but we may be able to still help. You need to call us and we’ll be glad to work with you and see what’s the best way for you at that point in time. We are Coastal Edge Homebuyers, we do buy houses in any condition, anywhere in the Hampton Roads area, so if you have a house, so let’s say it’s in Chesapeake Virginia, or any of the Seven Cities of Hampton Roads, just give us a call – you’ll be glad you did, because with our Home Retention specialist you can get help and we can help you keep your house and if that’s not feasible, yes, you can still stop the Foreclosure. There is a way to do that, so just give us a call – you’ll be glad you did. You can call us at: