Despite the rebound in the housing market, many people in Denver] are still struggling to make their mortgage payments.
Your mortgage provider may foreclose if you’re underwater on your home or having difficulty paying your monthly mortgage payments.
In Denver, there are a number of ways to avoid foreclosure. Keep in mind that moving quickly could save your credit rating and your home.
Let’s look at a couple of quick tips on avoiding foreclosure in Denver.
The Keys of How To Avoid Foreclosure in Denver Don’t Just Walk Away!
Many people simply give up and walk away from their homes. The downturn in the economy has significantly impacted residents in Denver, with some areas starting to show some of that distress.
It’s extremely important to keep your wits about you in this stressful situation. A foreclosure will negatively impact your credit score and likely prevent you from buying a home for a very long time. Leaving a portion of the loan unpaid when you sell your home could lead to the lender pursuing legal action against you.
While it’s extremely stressful, you do have options:
• Negotiate with your mortgage lender. There is no doubt that the banks and other financial institutions in Denver are aware of the struggles of its citizens. You may be able to renegotiate the terms of your loan if you haven’t missed a payment yet. Most banks don’t like foreclosing on homes, and many will work with you if you aren’t too far behind. A loan modification or forbearance may be offered to you.
• Ask for help from the government. Over the last five years, the federal government has implemented a number of programs to help struggling homeowners. The Home Affordable Modification Program (HAMP) allows struggling homeowners to modify their loans, reducing monthly payments. The Home Affordable Refinance Program allows homeowners who are current on their mortgage payments to refinance an adjustable-rate mortgage into a low-interest, fixed-rate loan. Both of these programs are subject to eligibility requirements.
Losing your home can be stressful, and we understand that. You’re not alone. There are similar problems affecting homeowners throughout Denver. When faced with foreclosure, it’s important to act quickly and take advantage of any options that may be available to you. Your credit rating could be saved and you could remain in your home at the same time.
• Sell your house quickly to a reputable local Investor. New Again Houses Denver helps homeowners avoid foreclosure by acting quickly and providing you with a cash offer. Further, we don’t require any repairs and we will pay all the costs and fees. You may be able to avoid foreclosure if you give us a call today and let’s talk about your situation. No fees are charged… we will evaluate your situation and present you with your options so you can move forward.
New Again Houses Denver buys houses in all shapes and forms. And importantly, we help homeowners stop the foreclosure by acting fast. If you need to sell your house or inherited an unwanted property, give us a call at 720-505-3968. We’ll get in touch with you as soon as possible to get more information about the home and to set up a time to walk through it. We typically can schedule a walkthrough within 24 hours of speaking since we are a local Colorado company. As soon as we have evaluated the property in person, we can determine a fair offer (typically within 24 hours) and close quickly.
New Again Houses Denver buys houses in Denver and the surrounding areas and uses talented local contractors to transform old houses into fantastic homes. Leave the question “How do I sell my house fast?” to us.