Behind on Payments? Sell Your Home to a Home Buying Company

No one means to fall behind on their mortgage payments. Unfortunately, being behind on mortgage payments is a situation that too many homeowners find themselves in. It’s not always their fault either. You could be furloughed or laid off even if you did everything right. You might be the victim of an accident that keeps you from working anymore. Regardless of the reason, if you’ve fallen behind on your mortgage payments, you need to find a solution to avoid being foreclosed on. Have you considered selling your home to a home buying company?

Sell for a Fair Price

Hopefully, you’re not so behind on the mortgage payments that you owe more than your home is worth. If you owe less than your home is worth, then you have a good shot at selling your home for a fair price and avoiding further trouble. You could do that the traditional way by selling your home on the market if you want. Alternatively, it may be better to sell your home to a home buying company like Joe Homebuyer of Dallas, since you can usually sell your home much faster and for a fair price.

Navigate the Short Sale

If you owe more than your home is worth but still need to sell your home, you’ll need to negotiate a short sale deal with your lender. In a short sale, the lender agrees to accept a sale price for your home that is less than what you owe. They’ll be out some of the money they’re owed, but they’ll still recover most of it. Your credit score will still take a hit, but it’s less impactful than a foreclosure would be.

Don’t Delay

Time is of the essence if you want to avoid foreclosure. Foreclosure proceedings can take a few months, so you have time to sell your home if that’s what you choose to do. You’ll have to move quickly though. That’s why selling your home to a home buying company like Joe Homebuyer of Dallas can be such a good idea. Some homeowners have sold their homes to us in as little as 30 days, a fraction of the time it takes for foreclosure proceedings to wrap up.

Depending on your circumstances, you may have other options. Some people negotiate a loan modification, an option that works well if you have a stable income and can afford to make payments at a lower interest rate. Otherwise, selling your house as quickly as possible may be the best option.

Do you need to sell your home fast to avoid foreclosure? Joe Homebuyer of Dallas buys houses fast! Click here to take the first step towards your free, no-obligation cash offer today!

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