Stop Foreclosure with a Cash Buyer
If you are struggling with your financial situation, and are worried about possibly facing a foreclosure, you may not know where to look for help. However, it is important to remember that you have options. Foreclosure is not necessarily your only choice. Homeowners who are under water have many options. We at Blue Marble Properties specialize in helping people in Henrico county, Hanover County, and the greater Richmond area solve such problems.
One of the best and most common ways to avoid having your home foreclosed is to sell it to a cash buyer, to get out of trouble quicker and with less hassle. Below we will explore the causes of foreclosure and the benefits of resolving it with sale to a cash buyer.
What causes foreclosure?
Foreclosure is generally caused by a sudden change in the financial situation of the homeowner based on problems such as illness, divorce, the loss or changing of jobs, or accidents. When you as the homeowner are unable to make regular mortgage payments, foreclosure occurs as your lender takes legal control of the home itself. Foreclosing can create several problems, especially that it damages your credit as a borrower and makes it harder for you to take out loans for years afterwards.
What are the ramifications of the foreclosure process?
The legal processes behind a foreclosure can be long and complicated, often involving a struggle in court, and can leave you financially desperate if court dealings are prolonged and you are left without the financial resources to continue. Even a quickly sealed case can leave you with less than you deserve, short on cash and with a severely depressed credit score.
What can you do to stop foreclosure?
Selling your house for cash can save your credit score, as it allows you to pass on the responsibility for payments to the new buyer. It can also save you a great deal of time and effort that might be expended taking other measures to prevent foreclosure or avoid legal trouble.
A cash buyer is also able to purchase your house even if, because of accrued interest, you somehow owe more than the property is worth. For more information on this topic, get ahold of us at Blue Marble Properties. We specialize in purchasing homes for cash.
Finding a local buyer for your house can be difficult. Instead of wasting time, money and energy searching for an individual willing to take your house off your hands for cash, contact a business that has experience and reliability. This is typically much faster and simpler than going through the process of seeking out a buyer.
Blue Marble Properties is here to help
Are you struggling to pay your mortgage? Are you facing foreclosure and not sure what to do? Blue Marble Properties specializes in helping people like you get out of trouble by purchasing homes for cash, right here in east-central Virginia. If you live anywhere in Henrico County, Hanover County, Chesterfield, New Kent, or the Greater Richmond Area, contact Blue Marble Properties today to learn more.