Do You Need to Sell Your House to Avoid Foreclosure?

Sometimes life hits us with unexpected challenges: job loss, divorce, unforeseen medical bills, or an adjustable-rate mortgage (ARM) that is reset to an unaffordable rate are all factors that can lead someone to default on their mortgage payment. If you are struggling to keep up with your mortgage payments, you might be concerned about your Atlanta house going into foreclosure, or perhaps you have already received a notice of default. 

In any case, the thought of losing your home and everything that you’ve invested in it can be frightening, and you might be wondering what options you have to get yourself into a better situation. You may be asking yourself: Can I sell my house during foreclosure? Or can I sell my house when I’m behind on my mortgage payments? 

Good news: the answer is yes. Selling your house in Atlanta, Georgia to cash buyer like Arbor View Properties may be the best way to quickly get yourself out of a situation where you can no longer afford your home and are facing foreclosure. We buy houses fast!

Sell Your House Fast, Keep Your Equity, Save Your Credit, and Avoid Foreclosure

What exactly is foreclosure?

Foreclosure is when your bank or lender repossesses your house due to your default in mortgage payments, then sells it at auction. The foreclosure process usually starts once you’ve missed three to six monthly payments; your mortgage agreement will specify the exact length of the grace period. If you have yet to catch up on the payments after the grace period ends, your bank or loan company will send you a notice of default letting you know that your house will be foreclosed on.

How do you treat a default notice? What happens if you don’t take action?

If you fail to take action during this stage of foreclosure, your house will be repossessed by the lender and sold at auction so your lender can regain the debt that is owed. When this happens, you lose your home, all equity that you may have invested into the home, and your credit score takes a significant, damaging hit. Ultimately, you do not want your house to be foreclosed on because it can usually be five years before you can buy another house, and the negative marks stay on your credit for seven years.

Maybe you’ve already received a notice of default, or you have just realized that you won’t be able to keep up with monthly payments. In either case, you have a short period to take action, whether that means finding a way to catch up with the mortgage payments, or selling the house to pay it off and move into a home that is more suited for you means.

When facing foreclosure, when is the best time to sell your house?

Often times, selling is your best option for moving out of a mortgage that you can no longer afford, and it’s important to not wait—the clock is ticking once you get the notice of default. Quickly finding a buyer for your house to catch up and pay off the mortgage before it goes to auction is crucial to saving your credit and the equity you’ve invested. 

At Arbor View, we understand that life circumstances can swiftly change, and a home you once loved may become something that you just can’t afford anymore. Because time is of the essence when you are on the brink of foreclosure, working with realtors in Atlanta, Georgia and potential buyers can be unrealistic due to the extensive time and effort required to sell a home in the traditional real estate market. In some cases, you may only have a couple of weeks to stop the foreclosure process. With Arbor View, we try to provide an immediate solution to your problem by offering a fast, cash offer to buy your house, often within 24 hours.

Need to sell your house fast? Find out if Arbor View Properties is a good fit for you

Every situation is unique when it comes to selling a house in foreclosure. At Arbor View, we have experience helping people out of these situations, and we will work with your circumstances to make you a fair cash offer based on what your house is worth. 

In the best case scenario, our offer will be able to catch you up on defaulted payments and cover what is left of your mortgage so that you can settle things with your lender to move on to a new home in the Atlanta area. In some cases, what you owe may be too high to be covered by our offer. It is important to be aware of this, though we are more than happy to have a conversation with you and make you a no-obligation cash offer to find out if we are the right fit to help you out of your time-sensitive situation. 

Benefits of Selling Your House to a Cash Buyer like Arbor View:

  • Take action now and receive a free, no-obligation cash offer in as little as 24 hours.
  • Skip the wait that comes with working with a realtor to try to land a buyer. Arbor View can buy your home tomorrow.
  • Save thousands on agent commission costs that come with selling through a realtor.
  • Don’t fret over repairs and clearing out your home. Arbor View will buy houses as-is and remove any stuff you don’t want. 
  • Free yourself from a mortgage you can’t afford by selling your house fast before it goes to auction. 
  • Save yourself from losing equity and damaging your credit so you can easily move into a new, affordable home. 
  • Secure your role in the process. At Arbor View, we take a great deal of care to consider your unique circumstances and concerns in helping you out of foreclosure.

Sell Your Home Facing Foreclosure in Atlanta to Arbor View in Three Easy Steps

Step 1: 

Fill Out Our Quick Contact Form or Call Us Today

Once we receive your information, we analyze

your property and determine an estimate for what we can pay you.

Step 2: 

We Call You to Schedule a Time to See the House 

We usually call within minutes to talk with you about your situation, answer questions, and set a time to see the house.

Step 3: 

We Make You a Cash Offer

We’ll make you a fair, all cash offer to buy your house exactly the way it is. There are no fees, and no-obligation.

Further Actions You Can Take When Up Against Foreclosure

When facing foreclosure, you may not have to go as far as selling your house. Here are a few things you can do to improve your circumstances when up against foreclosure:

  1. Contact your lender ASAP and stay in communication with them. Your lender might have options to help you, such as loan modification, a reinstatement, or forbearance.  
  2. Know your mortgage rights and foreclosure prevention options. You can contact Georgia’s State Government Housing Office for more details. 
  3. Contact a HUD-approved housing counselor to help you better understand and get through your unique foreclosure situation. 
  4. Prioritize your spending, and consider selling off any other assets you may have to help you catch up on your mortgage. 
  5. Avoid foreclosure prevention companies and recovery scams! Offers which seem too good to be true are usually a scam. Stay safe and trust only reputable sources.

Selling to a home investment company that will buy your house quick can prevent damages to credit and loss of equity that come from foreclosure, and can help you out of a perpetual problem of owning a home you can no longer afford. If you know that reinstating your loan and making your mortgage payments will not be a possibility, contact Arbor View Properties in Atlanta, Georgia to learn more about our home buying process.

Facing Foreclosure? Arbor View is Your No-Time-Wasted Solution

At Arbor View Properties, we understand that a foreclosure notice can be intimidating and the pressure to act fast can be daunting. Because we have experience in helping people out of foreclosure situations, we know what steps to take to prevent your house from going to auction. We’re here to help you avoid foreclosure. 

Although we know you need to take action quickly, you won’t get a hard sell from us. Our customers appreciate our soft approach. Plus, there are no costs and no fees. Reaching out to our team to get a buy offer on your home is 100% free, and we can usually make you an offer within 24 hours.

In Georgia, houses go up for auction on the first Tuesday of every month, which is why Arbor View Properties moves fast to help you out of a situation that could turn downhill in a moments notice. Whether you decide to sell your house to us or not, we are more than happy to have a conversation with you today about helping you avoid foreclosure on your home. 

If you are up against foreclosure and need to find a buyer for your house fast, take action today and contact Arbor View Properties, your cash home buyers in Atlanta, at 770-810-5715 or fill out our quick contact form below.

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