Avoiding Foreclosure

How To Avoid Foreclosure In Texas

Sell Your House To Prevent Foreclosure

Foreclosure is a scary situation for any homeowner. Fortunately, Resivoir has helped many homeowners like yourself by purchasing their property with cash and closing in as little as 5-days to stop the banks from foreclosing in the property and selling it at auction. So, don’t worry and don’t stress because we can help!

When we help you stop foreclosure you will successfully prevent any related damages to your credit score. And, in most cases, we can pay you more than what you owe the bank so that you actually walk away from the situation with cash in your pocket. Simply tell us when you want to close and we’ll make sure it happens. Everything is 100% confidential.

There are five ways that you can stop foreclosure when working with your lender, but not all of them are necessarily beneficial to you. We have a full guide that explains all the ins and outs of the foreclosure process. You can Download Our Free Guide To Foreclosures, carefully review the information provided directly on our site, or Contact Us Today and speak to one of our team members. Remember, you are not the only one in your situation and we can help!

How Do I Get My Lender To Stop Foreclosure?

Forbearance:

Your lender may grant you a little extra time to make payments before taking legal action.

Repayment Plan:

You may be able to increase your upcoming monthly payments for a period of time to make up for the payments you previously missed.

Note Modification:

You may be able to negotiate new terms to your current loan.

Partial Claim:

It is possible to be approved for a government loan that can be used to pay back missed mortgage payments.

Debt Forgiveness:

Your lender may waive your missed payment penalty if you are able to make up for it quickly.

If your lender is not willing to work with you to resolve the foreclosure, you have the following four options:

“List My House For Sale”

“Get A Fair Cash Offer Today”

For more information, make sure you visit our page comparing Selling To Resivoir vs. Listing With An Agent. Or, call us at (469) 294-4318 and one of our team members will be happy to answer your questions!

Deed-In-Leu Of

This option can be used to negotiate terms to stay in your home or to rent it from the bank. You sign the deed to the home back to the lender to close out the loan and prevent the foreclosure. However, your credit will still take a large hit and we do not suggest it.

Bankruptcy

Filing for Chapter 13 Bankruptcy is an absolute last resort. Doing so can be devastating to your credit and a bankruptcy on your record can follow you for the rest of your life. You should only consider Chapter 13 if you are drowning in debt and out of options.

Short Sale

Filing for Chapter 13 Bankruptcy is an absolute last resort. Doing so can be devastating to your credit and a bankruptcy on your record can follow you for the rest of your life. You should only consider Chapter 13 if you are drowning in debt and out of options.

Sell Your House Fast And Prevent Foreclosure Get Your FREE Offer Today!