Life essentials add up, and affording your current home is almost near impossible once you start drowning in your debts. 

If you are experiencing financial problems, don’t panic, take action today and get foreclosure help in Santee. 

Many people find themselves in a position where they are about to lose their home. If you are close to this and you don’t get help then this will destroy your credit, you will lose your home, and you will be left with nothing. 

It can be extremely hard to recover from foreclosure and get back into a home once you are back on your feet.  Don’t wait for your problems to disappear, because, let’s be honest, they won’t. 

Let us, San Diego Fast Cash Offers in Santee, help walk you through some options to consider when dealing with this stressful situation. 

Loan Extension 

It may be too late, but if you approach your mortgage company prior to putting the house into foreclosure, you can get an extension and renegotiate the terms of the mortgage. This will give you more time to find the money to make the monthly payment, and help prevent you from experiencing foreclosure on your home. 

However, you need to be aware that extending your monthly payment may allow you more time to make a payment, but it will also extend the term of the loan. In the long-run, it can cost you more money from the interest of paying more payments. 

The good news though is that you’ll have more time to figure out your financial problems so that you can keep your home in Santee. 

File for Bankruptcy 

Bankruptcy is often brought up as a scapegoat for foreclosure in Santee. It may seem like a crazy idea, but it has helped alleviate the pressure of foreclosure for many people. It shows the bank that you are unable to make any payments. Thus, forcing their hand and allowing you to stay in the home for an extended period of time. This is a good way to stay in the home that you live in. 

The main issue with filing for bankruptcy is that your mortgage is still due. This will only delay the process with the mortgage company. They still have the ability to force a foreclosure upon your house, but will have to jump through a bunch of hoops to get it. While it alleviates some of the pressure, it can still come back to bite you.

Short Sale 

Bankrate explains all about how a short sale can be beneficial to your situation. You may not be able to sell your home for the amount you owe on the loan, but you will get more money than what the lender was going to make from a foreclosure auction. 

This is a great way to sell your home so that you won’t have any black marks with your mortgage company. This will be a cheap way to find a buyer, especially if your home is in poor condition. If you can get an offer for the house, the bank most likely won't turn it down. 

Selling this way would be great for you, but sometimes it can take too long for someone to make an offer. In Santee, the mortgage laws and rules can make it difficult to make a short sale in the time you need the home off of your hands. So make sure you are aware of the short sale laws in California.

Sell to Us 

Simply put, none of the above options are easy or ideal. It still leaves you in a bind whether you choose to pay more in interest, have to file bankruptcy, or go through the short sale process. 

Did you know that there is a simple option that will leave you clear of any financial issues, and you can walk away from your home and stop foreclosure in its tracks? This option is selling your home for cash to a cash buying company.

Cash buyers, like us, will buy your home for cash. Whether it is ugly, or needs repairs, we will buy it as is. This allows you to avoid the foreclosure process when you can’t afford to make payments.

There is no need for a short sale in the hopes that someone miraculously shows up to buy the home. There is no need to ask for a loan extension to have to pay for something you will never be able to afford.

San Diego Fast Cash Offers will purchase your home and you can be on your way in just a short seven days with the cash in your pockets, and be out of your financial black hole. Contact us today at 619-569-1806. We will take care of you and your needs.