If you are a homeowner and you have been notified that your home is going to be foreclosed on - you have come to the right place. Foreclosures are extremely stressful (understatement I know), but you need to know you have options. The Dunfee Group has helped dozens of homeowners get out of foreclosures through the means below and we can help you too!
What you need to know
When you go into foreclosure, with most Conventional Loans and loans backed by Fannie Mae and Freddie Mac - you may not be able to purchase another home for a minimum of 7 years. Foreclosures can cause your credit to fall even farther and there may be tax implications that you are unaware of.
So what are the alternatives to Foreclosure???
Listing your home and selling before the foreclosure date
Instant Cash Offer (terms and conditions apply - call for more details)
We have investors ready and able to put a cash offer on your home and close quickly!
In real estate, a short sale is when a homeowner in financial distress sells their property for less than the amount due on the mortgage.
A mortgage loan modification is a change in your loan terms. The modification is a type of loss mitigation.
Refinance to get a better interest rate / take equity out to pay off other bills
(get down to 1 payment vs multiple)
Deed In Lieu
A deed-in-lieu of foreclosure is an arrangement where you voluntarily turn over ownership of your home to the lender to avoid the foreclosure process. A deed-in-lieu of foreclosure may help you avoid being personally liable for any amount remaining on the mortgage.
If a foreclosure sale is scheduled to occur in the next day or so, the best way to stop the sale immediately is by filing for bankruptcy
To find out your home's current value, Click Here