Three Ways to ‘Stop Foreclosure on My House’

Hey guys, this is Mike from Mike Buys Houses and in today’s video, we’re just going to talk real quick about the three ways that I help homeowners who are facing foreclosure and wondering how do I stop foreclosure on my house. If you haven’t already, you should reach out to me and get your free copy of the 8 Options to Stop Foreclosure. Do that by calling me at 267-984-4765 or fill out the form below and we’ll schedule a quick chat and at that time we can get the form over to you.

Today, we’re going to be discussing the three ways that I help homeowners in foreclosure situations. With these three options, along with the 5 other options that you can proactively use to stop foreclosure, I hope you give you the information you need! In fact, in our third option today, we’re actually going to talk about how not only can we stop negative impacts on your credit, but we can actually help improve your credit score by working together. So, stick around for Option 3 to see how we can help you there.

Option 1: Understanding the Benefits of Listing with a Realtor

In the First Option, you are going to be listing with a realtor. So, this scenario works best if you have some equity in the home because you’re going to have to pay the Realtor. You’re also going to need some time because conventional buyers need time to get their loans approved. And lastly, the property probably has to be in pretty good condition. It’s a competitive market, so you want to make sure the property is in good condition so you can get top dollar and top dollar is also going to require time. All of these things together, you’re going to need some equity in the house, some time to get everything done, and a property that is in pretty good condition. If you have all of that, then list with a realtor.

If that’s your situation, then reach out to me at 267-984-4765 or fill out the form below and, upon learning a little bit about your situation, I’ll connect you with the best realtor in your area to ensure you get the most money for your property.

Option 2: Understanding the Benefits of Selling to an Investor

Option 2 is to sell your property for cash to a home buyer like me at Mike Buys Houses. What that basically means is that the property is going to be sold within seven to thirty days. Somewhere in that timeline, depending on the situation, the paperwork will be finalized, so you don’t need a lot of time. Additionally, if you’re going through foreclosure, the property does not need to be in good condition, it can be ‘as is’ and a super simple sale. There’s no contingencies, we take one inspection to walk through the property and make sure it is as we expect it to be and then we schedule a closing date.

It is that simple. All you have to do is reach out to me at 267-984-4765 or through the form below. We’ll learn a little bit more about your situation and property and at that point, we’ll do our homework and take 24-48 hours to figure out what the numbers are. We’re going to be doing a full renovation most of the time, think HGTV style. New kitchen, new everything.

At that point, we reach out to you with our offer. If we can come to an agreement, then the paperwork will be completed. It’ll be incredibly simple, super fast, and your property will be sold as is. If that is something that interests you, again, you can call me at 267-984-4765.

Option 3: Understanding the Benefits of Selling Creatively

Option Three is to sell creatively. The best thing about this is that it works in any situation. It can be late in the game in the foreclosure, the property can be in terrible condition or great condition, it doesn’t matter. If you’re willing to work with us as your teammates, then selling creatively may be a great option for you, no matter what the situation is. In this situation, we will actually be working together and your credit will actually improve. Not only will the decreases in your credit stop, like it would normally if you were to sell the property, but over time your credit score is actually going to improve with this scenario.

So, this is a great option if you’ve already missed a few payments and if you watched some of our other videos. What you will find is that as soon as 30 days passes and you miss your first payment, the credit impact is going to start, and that is going to be dependent based on how good your credit was to start with. The higher your credit was to start, the bigger the drop you’re going to have if you miss a payment. Selling creatively to someone like me at Mike Buys Houses makes us teammates, which puts the onus on us to help you improve your credit score over time.

If selling creatively interests you, then you can reach out to me at 267-984-4765 or fill out the form below. Learn how I can help you improve your credit and help you get started on a new journey. Even if you just want to discuss one of the above options, reach out and I will walk you through it. It’s a no obligation call, no pressure, super simple and easy to handle.