Stop Foreclosure VA

In an attempt to help homeowners stop foreclosure in Virginia, various programs have been initiated by the current administration to help with mortgage payments. If you’ve missed a few mortgage payments, you can still do a lot to stop foreclosure VA. Don’t wait until the delinquent debt reaches unmanageable levels before taking your first step. The good news is that if you take steps early enough, you can save your home. Innovative Estates is a real estate solutions company based in Maryland. We can assist you to sell your house without the need to pay Realtor commissions or other fees. If you are seeking ways to try to keep the house, we can provide you with some other options that have resulted in hundreds of other homeowners being able to  avoid foreclosure in VACall us NOW to discuss the best solution for your situation: 202-499-2697. Here’s a look at some important steps you should take to protect your home against been foreclosed upon.

 

How to Stop Foreclosure VA

Here are some simple steps you can take as soon as you see signs of trouble:

  • Stop Foreclosure VAGet in touch with your lender: Lenders are more interested in being paid back rather than in your home. This is why most of them have solutions for people who are finding it difficult to make their monthly mortgage payments. If you are expecting financial problems, say because you’ve just lost your job, the best option is to contact your lender. Prioritize paying your mortgage over your other loans and credit card bills because the consequences of defaulting on your mortgage will be much more severe than for other repayments. Your lender will be more than happy to work out a solution for you because this will cost them much less than dealing with repossessions and foreclosures. So, the sooner you get in touch with your lender, the faster you may find a solution
  • Debt counseling: There are several options available to help you to avoid foreclosure VA. One way to learn about them and about your rights as a borrower is to look for a debt management program. You can also learn more about the foreclosure laws in your state by getting in touch with the State Government Housing Office. Your lender might have debt counseling services that can help you learn about loss mitigation and loan modification. Choose the counseling service wisely because some providers charge exorbitant fees that will only exacerbate your situation. The US Department of Housing and Urban Development (HUD) offers very low cost or even free housing counseling. These counselors will not only help you understand the legalities of your situation and the solutions but will also represent you during negotiations with your lender, if the need arises. Again, the key is to get help quickly, before the problem escalates.
  • Use other assets: If you have other assets, such as jewelry, a second car or whole life insurance, consider selling them to repay your home loan. Even if another member of the family needs to get a job to bring in some extra income, it is an option worth considering. Slashing expenses and making some sacrifices might be in order to tide over the threat of foreclosure. However, if the financial crisis seems long-term, you might need to come up with long-lasting and sustainable solutions
  • Loan ModiStop Foreclosure VAfication: If your mortgage payments are behind, or if you expect to fall behind soon, and you would like to try to save your house and avoid foreclosure Virginia, a mortgage loan modification could be a great option. This is when your mortgage company changes one or more of the origial terms of your mortgage note, such as interest rate, or duration of the loan to make your monthly payments more affordable.
  • Refinance your mortgage: If you have equity in your home, and payments are not yet behind, consider refinancing your mortgage to stop foreclosure VA. Refinancing can replace your current mortgage, and provide new terms that offer lower monthly payments and/or interest rate.
  • Sell your house for cash: Innovative Estates is a real estate solutions company that can purchase your house from you in cash and help you stop foreclosure in VA. If selling your home cash is not the best solution for you, we may be able to provide debt relief by simply taking over your mortgage payments. For more information on selling your house quickly for cash, or having us take over payments, enter your property address and contact information in the ‘Get An Offer‘ form to the right, and we will be in touch shortly. Or give us a call at 202-499-2697.
  • Short Sale: When mortgage lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose. Not all sellers nor all properties qualify for short sales. Our specialists help homeowners in your situation every day with possible solutions and alternatives to avoid foreclosure VAContact us now at 202-499-2697 for more information! 
  • Bankruptcy: If all else fails, the last resort to avoid a foreclosure in Washington VA is to consider filing for Chapter 13 bankruptcy. This will force the lender to halt the foreclosure process for some time and offer you a more user-friendly repayment option. More resources to avoid foreclosure in VA.

Stop Foreclosure VA

 

 

We help homeowners in your situation every day to stop foreclosure VA. Contact us now at 202-499-2697 to discuss solutions for saving your house.