A home foreclosure will hurt your credit, so if the banks or lenders are about to foreclose on your home, then you need to call us NOW because we can help. We know how not to lose your home to foreclosure!
Your home is most likely the most significant asset you will ever own. So why let the banks or lenders take your home when we have clients looking for homes in the Central Valley area and are willing to pay you cash for your home TODAY.
A foreclosure occurs when a property owner cannot make their payments on the loan, typically leading to the property being seized and sold. The number of missed payments a bank or lender will allow before foreclosure will depend on several factors. Still, usually, they are legally entitled to start foreclosure proceedings after just one missed payment.
If you suddenly find that you can’t afford to pay your monthly loan payment, your lender has the legal right to foreclose on your home to recoup the cost of the loan. Foreclosure is a legal course of action in which nobody ever really comes out on top. It’s a stressful and unfortunate situation for both the homeowner and lender.
A foreclosure will remain on your credit report for many years, and it’s a black mark on your credit history. It can also impact your future regarding loan interest rates, employment and it will have a significant impact on your ability to obtain another mortgage for quite some time.
Most homeowners remain in denial about their finances, making the situation worse. So don’t let a foreclosure ruin your name, your credit, or your dignity!