Any property that is behind in payments or already in foreclosure is on a slope of falling into the massive inventory of bank owned foreclosures. Savvy vulture investors find out immediately when you fall behind and will try to take advantage of your bad luck and steal your home from you.
The truth is, the longer you wait to act, the more pressure builds up on your negotiating power, and if you don’t do anything, you will eventually run out of options and lose the house to the bank.
Combine this situation and listing your home with an agent who just puts a sign in the yard and enters it in the MLS, and you have the perfect setup for failure. You simply cannot afford a “wait-and-see” attitude, but need to work with a pro-active direct buyer right now!
A foreclosure will stay on your credit report for the next 7 to 10 years making it impossible for you to be extended any credit what-so-ever during that time. The repercussions of this will be:
-No mortgage loans to purchase a new property
-Bad credit will prevent you from purchasing a car (or anything on credit for that matter)
-Bad credit will prevent you from renting as all rental applications will pull credit (heck, if you didn’t pay your mortgage, why would they believe you would pay us rent?)
-Could prevent you from getting employment as employers check credit on all applications these days.
We can help! We work with a team of experienced negotiators who are closing our deals in a timely manner and specialize in creating win-win solutions for even the most hopeless foreclosure victim.
Three Two Investments
Real Estate Company