People may get into foreclosure for many reasons. It includes job loss, reduced wages, health issues, inability to pay off loans, etc. Whenever you go into foreclosure, you need to act fast so your property cannot go to the foreclosure auction. Depending on what state you’re in, it can take from 4 months to a year, once your lender starts the foreclosure process.
To stop the foreclosure, you can file for bankruptcy. However, it can only delay the foreclosure process. The file for bankruptcy will only give you some time. As a result, your property can get auctioned, meaning that you will lose your home. Foreclosure and bankruptcy will harm your credit score. Besides, it can also prevent you from buying another home in the next 7 years.
Another solution that you may opt for is to sell your property as quickly as possible. It will help you avoid getting a foreclosure and a bankruptcy mentioned on your credit card. By selling your property you can avoid having foreclosure haunt you for many years to come.
Whenever you need to sell your home fast, Berman Capital is ready to come to help. We can buy your home quickly in the “as-is” condition. We can work with your lender to stop foreclosure. Our team has many years of experience in dealing with similar cases, so we know how to help you. Just give us a call and we will help you get your financial life back on track.