How to Handle a Katy Foreclosure
Homeowners facing a Katy foreclosure can find themselves in a very stressful situation. In times like this it can feel easier to try and ignore the problem instead of facing it head on.
Unfortunately, ignoring a Katy foreclosure is not the best way to fix the situation. If you are facing or worried about Katy foreclosure, we can buy your house. We have experience helping Katy homeowners get out from under their homes and we want to help you.
If you find yourself facing foreclosure consider the following.
Katy Foreclosure is a Long Process
Going through a Katy foreclosure is actually a process as opposed to a single event. It is also an experience that can tax your mental wellbeing. Keep in mind that you are not being foreclosed. The lender is foreclosing on the property.
A Katy Foreclosure Will Affect Your Future
Katy homeowners who have previously had a home foreclosed on will have a hard time securing a loan in the future. You will want to exhaust every other option available before turning to a Katy foreclosure as a last resort.
There is Help Available
Katy homeowners who are are struggling to pay their mortgage do have other options than foreclosure. One option is to call our team today and see how we can help. We want to buy your house, helping to get you out from under it.
When you are facing a Katy foreclosure you still have the ability to sell your house. When working with us, we will buy your home as-is. No updates are necessary.
But if you would like to put the house on the Katy market, be sure to do what you can to get your house 100% showing ready. Home staging can help increase the home’s appeal, even if you are only using the items that were in your house.
Katy homeowners should also speak to your lender immediately to see what kind of assistance they can offer. You are not going to know what options you do have unless you talk to your lender right away.
The bottom line is that Katy homeowners do not want to wait until you have missed several payments and started receiving notices from the lender.
Lenders Prefer to Not Foreclose
The business model for lenders is pretty straightforward: lenders make money when you pay on your loan. For this reason, your lender does not want to foreclose on your Katy home. They do not want to own property, they want to be paid interest.
Again, homeowners facing a Katy foreclosure can be best served by being upfront with your lender to see what options exist.
Going through a Katy foreclosure is a stressful process that will impact you for years to come. Katy homeowners need to know that there are alternative options if you are having difficulty making your monthly mortgage payment. Be upfront with your lender as soon as you know you are not going to be able to make a payment to see what options exist for you.