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