If you are behind on mortgage payments and trying to avoid foreclosure, Boston Investors can help. As a real Florida cash home buyer, we can purchase your property fast, no matter how many repairs it needs. Additionally, you won’t have to deal with any commissions or fees. All of the money goes where you need it to — paying off your home loan.
Typically, your lender will start the foreclosure process if you miss too many mortgage payments. Most lenders won’t start this process until you are 120 days past due on your mortgage payments, and some may even wait until you are 180 days behind.
There are two legal considerations associated with selling your home to avoid foreclosure. One is where you are in the process. It’s important to sell your home before the lender presents their foreclosure case to the court. Fortunately, foreclosures in Florida can take months to complete.
The other factor at play is the outstanding balance on your mortgage. If you sell your home for less than you owe the lender, it’s considered to be a “short sale.” The lender must agree to a short sale before you can complete the transaction.
During a short sale, your lender receives all of the money from the transaction. They will either obtain a deficiency judgment for the remaining balance — which means you have to repay the difference — or forgive the outstanding amount due.
It’s really that easy! If you are satisfied with the offer, we will schedule closing. Our team can close in as little as two weeks. Remember, we will handle repairs, cleaning, and property removal, so take what you need and leave everything else.
“I need to sell my house fast”, “I need to sell my house cash,” or even “should I sell my house cash” are all very common thoughts for the homeowners we work with. Selling a house can seem a bit overwhelming. Just take the first step and start with a chat. Either fill out the webform, or call us at 888-713-9158.
