When facing the risk of a foreclosure, you may be wondering about the possibility of getting your College Station house back after the foreclosure. After all, you need a place to live!
Sadly, when the court has ruled and agreed in favor of the lender to proceed with foreclosure, it is highly unlikely that you will get your house back.
Instead of wondering if you can your College Station house back after foreclosure, here’s another option…
The good news is, if you’re not in foreclosure yet, you have options.
First, in order to settle your mortgage, you can devise a payment plan with your lender. This is the best option. Your lenders prefer the money you owe them over your house.
However, this option may be impossible for you at this time,so you may decide to do what many homeowners facing foreclosure do: Sell your home and use the proceeds to settle your mortgage before foreclosure happens.
Although this option is not ideal, since you have to give your house up, it is still a better option than facing foreclosure. This option allows you to settle your debt and avoid the long-term impact that a foreclosure would have on your credit score.
Several homeowners facing foreclosure prefer this option because of its proactive and long-term effect. It is proactive because it leaves the control of financial situation in the hands of the homeowner. It is long-term because by selling the house, you benefit long-term from a better credit rating.
Here’s a secret to selling your College Station area home fast so the bank can’t take it
You can try to find a buyer for your home. However, finding an investment firm that deals in purchasing homes as-is for cash is an easier and faster option. Instead of spending all of your time and energy trying to locate a buyer, there are many companies that can do this for you. Companies like Texas Direct Home Buyers will buy the house from you at a reduced price, and very quickly.
Simply fill out our form and tell us about your house, or just call us at (979) 431-1663 and let us know that you want to sell fast.
Check out these blog entries we have posted on Avoiding Foreclosure:
- Relief from Being Behind on Property Taxes in College Station
- Can I give my house in College Station back to the bank without an expensive foreclosure?
- Foreclosure Prevention Measures In College Station and the rest of TX
- The Devastating Consequences Of Foreclosure In College Station For House Sellers
- Help For Foreclosure In College Station – 3 Ways To Avoid Foreclosure
- Foreclosure notice of default in TX – what is it?
- What is a Pre-Foreclosure in College Station?
- How to Avoid Foreclosure in College Station