HOW YOU MAY BE ABLE TO AVOID FORECLOSURE OR BANKRUPTCY

Short Sale

When you’re strapped for cash, it can be hard to come up with the extra money that you need. If the amount that you need is substantial, you may want to look into selling your home. You may want to sell you house for cash so that you can get the money you need quickly and avoid compounding the financial difficulties because of further fees. Two of the reasons to sell for cash for most people include foreclosure and bankruptcy. These two things can destroy your credit history for years, making it difficult to finance a new car or home once your finances are back in order.

Foreclosure

The threat of foreclosure can be devastating to you and your family. You’ve worked hard for your home, and you don’t want to lose the investment that you made, or the memories that have been created in the home. However, if you’ve lost some or all of your income and are facing foreclosure, you may want to consider selling your home. When you sell you home for cash, you can have the money you need to pay off your mortgage in less than a week. You will have to find a new home, but you will be out of the foreclosure trap and able to move on financially without it on your credit history. A foreclosure on your record can make it harder for you to get financing for a new home, so it’s best to avoid it if possible.

Bankruptcy

If you’re facing various kinds of debts, you may have credit collectors calling you each day to try to get the money you owe them. If you don’t have the money to pay this debt, the phone calls can be extremely stressful. The financial difficulties when you get behind may have you considering filing for bankruptcy in order to start with a clean slate. However, a bankruptcy may not be the best option, because it can stay on your credit history for many years. Instead of filing for bankruptcy, you may be able to find a cash buyer for your home. You may be able to sell your home and move to a less expensive home, all while paying off your debts quickly so they don’t gain more interest.

For those facing foreclosure, bankruptcy, or other financial difficulties, selling a home may be the best way to get out of debt and back on top of the finances. If this is happening to you, you can sell you house for cash and get the money you need quickly. This will allow you to get back on your feet as quickly as possible, as you can use the money to pay off your debts, and perhaps find a new, less expensive home to live in. A house cash buyer will buy your home from you quickly, though it may be below market value. This can be done in as little as a few days, and usually no longer than a week, so you can get past your financial problems and get back to the things you enjoy.