Download - Stop foreclosure Today
Stop Foreclosure Today
Selling Your House When in
Foreclosure
Foreclosure
It is increasingly common for people's homes to go into foreclosure
Market Data (October 2016)− 1/1168 homes in North Caroline− 1/784 homes in Charlotte
Foreclosure occurs after 3 missed mortgage payments
Pre-Foreclosure 1906 homes in foreclosure
in Charlotte area
32% of these homes are in pre-foreclosure
− The owners have an opportunity to sell their house before the property is repossessed
You can avoid repossession
− How?
Sell Your House - FAST
Notice of Default− Lenders should consider all offers− This will save them time, effort and money
JMS Home Buyers pay cash for houses− Quick offers− Fast resolution to avoid foreclosure
File for Bankruptcy Bankruptcy
− All debt collection activities must cease− “Automatic Stay”
Temporary solution to stop foreclosure− Debt is frozen, not wiped out
Mortgage company will work to create a payment plan
− Lender may seek court permission to have the stay lifted and seek what is owed
Deed in Lieu Voluntarily sign the deeds of your home to
the lender Not an ideal way to stop foreclosure
− Lenders can be reluctant− They have to pay off other equity− Could cause legal issue
It doesn't hurt to ask− They may say “yes”!
Stop Foreclosure in the Charlotte Area
JMS Home Buyers will make you a cash offer on your house
− Quick solution to stop foreclosure Remember:
− Foreclosure is common It can be avoided Give us a call today!
704-750-0787