We Buy Houses In New Albany, Indiana. If the bank is threatening to take your property after all you have put into it, we can help you stop foreclosure of your house in New Albany IN! We are local and experienced homebuyers in Kentucky, and we purchase cash for houses in New Albany to home sellers who need to sell fast. Keep reading to learn about what you can do to fight back!
Dealing with the threat of foreclosure can be extremely overwhelming. The thought of losing your home after putting so much of yourself into it can feel devastating, and that’s not to mention the ugly marks 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 our latest post, Cash Offer Kentucky will help you learn how to stop foreclosure of your house in New Albany IN.
Call Your Bank In New Albany IN
When it comes down to it, most lenders would rather work with you to get back on track 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, leaving the lender with a loss. They will do what they need to, 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 property while you still can.
Sell Your IN House
A fast sale of your home can help you to quickly pay off your mortgage, without any negative marks on your credit. Listing your property in New Albany IN doesn’t necessarily guarantee your house will be sold quickly. Selling in this manner can take months, allowing the bank to foreclose on the real estate while it is listed.
On the other hand, a direct sale to our company will allow you to sell your home 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 In New Albany
Another way to sell your property fast in New Albany IN 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. You’ll need to run a BPO or Broker Price Option, to help you determine the fair market value for the property.
Declare Bankruptcy In Indiana
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.
Sell My House In New Albany IN
No homeowner wants to have their home 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 in KY before the bank begins the foreclosure proceedings against the property.
Yes! You really can stop foreclosure of your property. Just sell it directly to local Kentucky home buyers such as Cash Offer Kentucky. Working with our team will let you choose the closing date that works best for you so that you can sell your real estate outright before the bank comes knocking. Our process is fast, convenient, and always fair!