Facing the threat of foreclosure can be an incredibly overwhelming experience for many homeowners. Foreclosure is a legal process in which a homeowner’s right to possess property is terminated because they did not keep up with payments on their mortgage loan. Not only can it be a stressful situation, but it also has long-term effects on a homeowner’s financial and emotional well-being. If you live in Massachusetts and are worried about the possibility of losing your home, Deal Edge Properties can provide you with several potential solutions to help you protect your credit, pride, and bank account. It is important to take immediate action and explore these options.
We Can Buy Your House Out Right
If you want to get the bank off your back quickly, selling your house fast to Deal Edge Properties might be the perfect solution. You can avoid the hassle of a real estate agent and the costs associated with the MLS and still get a great deal on your home. This means you can keep more of the money you would have had to pay in commission.
When you sell your house for cash, you also don’t have to worry about any repairs. We will buy your house as-is, meaning you don’t have to take the time and money to make any repairs. This is great for those looking to sell quickly, as repairs can be costly and time-consuming.
Finally, when you sell your house for cash, you can usually get a higher price than what you would get if you were to list your house on the market. This is because the buyer is not responsible for paying any real estate fees or commissions.
If you have any questions about the process, we’d be more than happy to answer them.
We Can Help You List Your House
If you’re in Massachusetts, Deal Edge Properties can offer you an additional option for selling your home – listing! Listing your house in foreclosure can be a difficult and stressful process, but it is one that can help you keep your home and avoid foreclosure.
The first step to listing your house in foreclosure is to contact a real estate agent. Our team, as hybrid agents/investors, provides unique solutions for difficult properties or situations. We’ll work with you to determine if a traditional listing is the most beneficial option for you. Although we have access to some of the best agents in the area, a traditional sale may take longer to complete. If you’re dealing with foreclosure, a direct sale may be a better option to consider initially.
We Can Rent the Home Back to You
Are you facing foreclosure but don’t want to move right away? Deal Edge Properties can help you avoid foreclosure and stay in your home! We offer homeowners the opportunity to sell their house fast while also allowing them to remain in their current residence. We can rent the house to you for a reasonable rate, so you can collect a check for the sale of your house and remain in your home. The advantage of this type of arrangement is that it allows homeowners to remain in their homes while they work out their financial difficulties and search for a new home.
Other Options Available to You…
If you’re facing foreclosure in Massachusetts, you have other options to help you avoid it. Here are three potential solutions that can offer some relief:
- Loan Modification: Homeowners facing foreclosure can explore the option of loan modification. This involves negotiating with the mortgage lender to modify the terms of the loan, such as reducing the interest rate, extending the repayment period, or adding missed payments to the end of the loan. Loan modifications aim to make the mortgage more affordable for the homeowner and help them avoid foreclosure.
- Short Sale: A short sale occurs when the homeowner sells the property for less than the outstanding mortgage balance. This option requires the approval of the lender, as they agree to accept the proceeds from the sale as full satisfaction of the debt. While a short sale can negatively impact the homeowner’s credit score, it is less damaging than a foreclosure and provides an opportunity to avoid the foreclosure process.
- Deed in Lieu of Foreclosure: This solution involves the homeowner voluntarily transferring the property’s ownership to the mortgage lender instead of going through the foreclosure process. Essentially, the homeowner deeds the property back to the lender. This option can be beneficial for both parties, as it saves the lender time and expenses associated with foreclosure while allowing the homeowner to avoid the negative impact of foreclosure on their credit.
No matter what situation you face, it is important to remember that there are options available to you when dealing with foreclosure. It is important to be proactive and search for all the different options that may be available to you.
Facing foreclosure in Massachusetts? The process can be a stressful and overwhelming experience for any homeowner. Take solace in knowing that you are not the first nor the last to be in this situation. We have a team of experts who can guide you through every step of the way and ensure that you receive the best possible terms. Reach out to Deal Edge Properties to help discover the solution that is best for you. We will make you an offer now! Call us today for more information. (978) 274-0555