If you’re facing the possibility of foreclosure in the future, you are probably asking yourself if it is possible to get your house in Fayetteville back. After all, it has been your home for years and you need a place to live!
Unfortunately, after the court rules in the favor of your lender and agrees with the lender to proceed with foreclosure, it is very hard for you to get your house back.
There is another option instead of wondering “if” you can get your house back in Fayetteville after foreclosure….
Take action BEFORE the foreclosure is finalized!
The good news is, if you’re not in foreclosure yet, you have options.
The first and best option is to pay off your mortgage or work out a payment plan with your lender. They’ll prefer to keep you in your house and instead just collect the money owed to them.
If that’s not an option for you at this time then you may decide to do what a lot of homeowners facing foreclosure are choosing to do: Sell your home before the home is foreclosed upon and pay the lender what is owed to them.
While not an ideal option (because you’ll have to give up your house), it’s still a preferable option to foreclosure because you’ll have cleared up your debt to the bank and you won’t have the long-term impact to your credit score that a foreclosure would have.
This option is proactive and long-term, which is why homeowners facing foreclosure love it: it’s proactive because you’re taking control of your financial situation; it’s long-term because you’re accepting the short-term discomfort of selling your home in exchange for the long-term benefit of a better credit rating.
Here’s a secret to selling your Fayetteville area home fast so the bank can’t take it
You could work at trying to find a buyer to take your home. However, a faster and easier option is to find an investment firm that buys houses as-is for cash, fast. Instead of spending all of your time and energy trying to locate a buyer, there are many companies that can do this for you. Companies like Bright Buys Real Estate will buy the house from you at a reduced price, and very quickly.
Since you can’t wait months to sell your house you may be a perfect fit for our local Fayetteville house buying service. You’ll submit basic info about your house over here on our website, we’ll evaluate your house, we’ll make you a fair all-cash offer on your house, and you can decide if it’s a fit for you.
Then we can close FAST (often times within 7 days) if you need us to. We can also work out an arrangement where you can remain in the home!
Take a look at what we’ll pay you not to do anything versus the time, expense and hassle involved with doing it on your own.