If you have a Foreclosed properties, we are here to help!
Facing foreclosure means that a mortgage company obtains full ownership of your property through a legal process. This occurs when the homeowner fails to make the proper and necessary payments and has violated or defaulted on their mortgage loan terms.
A not-so-pleasant solution when facing this issue could be leaving behind your home voluntarily when the property is valued lower than what you owe. Nevertheless, this measure may lead you to financial consequences shortly. Additionally, this situation can negatively impact your credit, making it difficult to buy or rent a house later on.
Moreover, it would be best if you considered searching for other options for this legal process with your mortgage company before deciding to lose your property. It is also important to know that this company doesn’t want to proceed with the foreclosure process on your home since it is expensive and time-consuming for them as well. Just like you, they want to resolve the issue as well.