Sell My House Before Foreclosure
Although the U.S. government put protections in place to help homeowners cope with Coronavirus, I may have to sell my house before foreclosure. Our family income has not recovered, and our house payments are no longer current.
In the past, before the pandemic caused so much economic chaos in 2020, mortgage lenders often increased their foreclosure filings in the third quarter each year. One reason they did this was to avoid initiating foreclosures during the Thanksgiving to Christmas to New Year’s Day holiday season in the fourth quarter of the calendar year.
Some states have been affected more dramatically with loss of business and personal income, and those losses are reflected in pre-foreclosure conditions. But for early government intervention, the statistics on foreclosure filings in 2020 would be much higher. As it is, foreclosure filings have been far lower than normal.
Sell to We Pay Fast Prior to Foreclosure
Since we are behind in our mortgage payments, our credit rating has already been affected negatively. It will take us many years to build it back up to our former excellent credit score. One way we can start improving our credit is to sell the house before it goes into foreclosure, which is likely to occur later this year.
One of our options is to call We Pay Fast at 405-521-1807 or email info@wepayfast.com and speak to a professional home-buying specialist. Their team has been buying homes from sellers in our situation for many years, so they understand the circumstances and they have a system to complete the paperwork and legal work to help us quickly.
We will get a call back within 24 hours if we leave a voice message or send an email. If our home suits their investment portfolio, the investors at We Pay Fast will provide a purchase agreement for us to sign and they will schedule the closing within a week to ten days from signing it. Our lender will be paid off at closing and no foreclosure will be filed.
I am thrilled to know I can sell my house before foreclosure by contacting We Pay Fast and discussing the possibilities with them now.