Save My House From Foreclosure - Oshkosh WI

Avoid Foreclosure Oshkosh WI

\What do you do when your get a notice for foreclosure in the mail? Do you decide to just walk away from the house or do you take action to avoid the foreclosure?
In this blog post I will go over how you can save your house from Foreclosure & a few tips to help out with the process.

The first question you need to answer for yourself is if you want to keep living in the property. If you want to stay in the house then your options are limited if you don't personally have the funds to bring the mortgage current. Your next best option is to ask a friend or family member to give you a personal loan.
I know this may not be easy, but if there are able to work something out with you, that may be the easiest way about avoiding the foreclosure. Another option would be to start selling off all your un-needed items to save up enough money to bring the mortgage current. Again, this may not be easy but it is worth the effort.
However, when you are delinquent on your mortgage payments the bank is not only charging you for the late fees, they are also charging attorney fees, and other misc payments that need to be made. When you originally purchased the house you signed the mortgage stating you would be responsible to pay back the loan in full or else they can file a lawsuit.

If neither of those options work you can decide if you want to list the house for sale on the market or sell it to a local investor. What that comes down to is the amount of equity in the house, & the condition of the house. If the property is in terrible condition & you are underwater on your mortgage the only option will be a short sale.
If your home is market ready, you can list with a local realtor & sell fast. Or...we can provide you with a cash offer for your house.

If you need any assistance to avoid foreclosure in Oshkosh please reach out to us today! Call us on our office line 920-215-4201


Comments

Post a Comment

Popular posts from this blog

What Are Closing Costs

Closing costs are on both the buying and selling side of a transaction. If you are looking to learn more about what exactly they all entail, please keep reading as Carter goes over some of the most common closing costs that you face as a buyer or seller. Home Buyer Closing Costs Buyers face closing costs when they are either purchasing a home for cash or when they finance it through a mortgage lender. The main difference between the two is that the buyer will have significantly higher costs when going through a lender.  The main reason behind this is because there are more people that need to be paid. Instead of just paying for a title insurance policy, now you will need to pay for lender origination fee, discount points, appraisal fee, recording fee, and several other minimal fees.  The main cost is the lender fee which depends on if you go through a mortgage broker or normal bank. In my experience, local banks have significantly cheaper closing costs.  ...
Read more

When Should I Fire My Realtor

Image
Do you currently have a Realtor who is doing a bad job? Their communication is terrible, they made mistakes on the contracts, & they aren't selling your house. What other options do you have as a property owner? In the state of Wisconsin listing contract it states that the listing agreement can only be terminated with mutual consent from both parties. Meaning the Realtor (brokerage) has to sign off on cancellation & so do you the owner. If you are dealing with a tough or old school brokerage this might not be as easy as it sounds. However, if you are dealing with a Century 21 Affiliated brokerage they do have a "Seller Service Pledge" certificate that states if the agent isn't doing their job you do have the right to terminate the contract. Of course every scenario & situation is different. I would recommend you look at it from the agent's point of view. Do you have the property priced effectively or is it far too high? If the price is too hig...
Read more

Selling a Oshkosh House Without a Realtor

Image
Are you potentially thinking about selling a property that you own? Does the thought of having to talk with multiple Realtors, having dozens of people walk through your house, & then paying thousands of dollars in commissions make you upset? Well we have an easier way! Here at CB Home Solutions we buy properties directly from the owners saving you thousands in commissions & fees, & also allowing us to get a better deal on the property. It truly is a win-win type of scenario. Another benefit is the fact that you won’t need to make a single repair to the property. We buy houses in the as-is condition & we will clean out anything you decide to leave behind. Well… whats the catch? Like I had said previously, we like to get a good deal on properties. We do not pay retail value for homes as we need to make enough profit to stay in business. With that said, we may be able to pay you more then you think! If I had to describe our business, it is realistically like a P...
Read more