How To Stop Foreclosure of Your House In Savannah

how to stop foreclosure of your house in savannah hinesville statesboro georgia

If you are in the foreclosure process and the bank is threatening to take your house after all you have put into it, we can help you stop foreclosure of your house in Savannah! Keep reading to learn about what you can do to fight back!

Dealing with the idea of foreclosure can be extremely overwhelming and trying to figure out how to stop foreclosure can be complicated. The thought of losing your house after putting so much of yourself time and money into it can feel devastating. Not to mention the ugly impact it will leave on your credit. Nobody wants to deal with foreclosure, but luckily there are some things you can do to avoid it. In this article, we will help you learn how to stop foreclosure of your house in Savannah.

What is the foreclosure process in Savannah?

Before you can begin the steps necessary to stop foreclosure of your house, it can help greatly if you first understand what the foreclosure process is and how it works. If you read the article “What is the foreclosure process in Savannah” you will be able to better understand what the difficult situation you are facing is.

Call Your Bank

When it comes down to it, most mortgage lenders would rather work with you then put the house into foreclosure. While the process isn’t fun for you, it isn’t fun for them either. It is costly and time-consuming, and in many cases, it can leave the lender with a loss. They will do what is necessary to recoup their costs, including working with you to find a solution. When you first realize you are going to have trouble with the mortgage payment, reach out to your bank. If you are behind on your payments, you will likely be able to work out a repayment plan. If you think that paying your mortgage is going to be difficult going forward due to new circumstances in your life, you may want to stall the foreclosure and sell the house while you still can.

Sell Your House

learn more about selling your house fast savannah hinesville statesboro georgia

A fast sale of your house can help you to quickly pay off your mortgage, without any negative marks on your credit. Listing your house in Savannah doesn’t necessarily guarantee your house will be sold quickly. Selling in this manner can take months, allowing the bank to foreclose on the house while it is listed.

On the other hand, a direct sale to a company such as Cash Homes Savannah will allow you to sell your house quickly and for a great price. Working with our team will let you choose the closing date that works best for you so that you can sell the house outright before the bank comes knocking. Our process is fast, convenient, and always fair!

Use A Short Sale

Another way to sell your house fast in Savannah to avoid foreclosure is by using a short sale. A short sale occurs when your lender agrees to take a lower offer for the house, just to save them the time and money of reselling it themselves. To do this you must apply to your lender’s short sale program and meet the necessary requirements. Your mortgage lender will walk you through the steps you need to complete in order for the short sale to be successful.

Declare Bankruptcy

As a last resort, you can declare bankruptcy. When you declare bankruptcy, the bank will be forced to stop any collection activity against you, including the foreclosure of your home. That said, you will still be responsible for your debts. The bankruptcy court will work with you to set up a plan of repayment. Declaring bankruptcy doesn’t look very good when trying to borrow money in the future, so make sure it is the right choice for you before signing any paperwork.

No homeowner wants to have their house taken out from under them. If you are behind on your mortgage, don’t fret. There are ways to avoid foreclosure and sell your house before the bank begins the foreclosure proceedings against the property.

Yes! You really can stop foreclosure of your house in Savannah! Reach out to us today to find out more! (912) 421-0714

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