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[VIDEO] DC Foreclosure Process
Every year, hundreds of homeowners in Washington, D.C. fall behind on their mortgages. If you have fallen behind on your mortgage payments for your home in Washington D.C., don’t panic! You can still avoid foreclosure if you take the right actions quickly.Brad Chandler, CEO of Express Homebuyers, discusses the DC foreclosure process in detail so you can avoid any pitfalls through this stressful time. Watch the video below to learn about the foreclosure process in D.C. and multiple ways you can escape foreclosure!
Transcription:Hi everyone, have you ever wondered what the process is for a DC foreclosure? If you have, keep watching this video. Every year, thousands of homes are foreclosed on across America. If you miss a mortgage payment in DC, a notice of default and mediation request will be sent to you. If you cannot come to an agreement with your lender, your lender will send you a notice of intent to foreclose. Even if you’ve already received notice that your bank is foreclosing on your home, there are still a number of measures you can take to stop the foreclosure. You can stop the foreclosure by simply getting up-to-date on your mortgage payments. In addition, there are also a number of state and federal programs to assist those in financial hardship with keeping their homes. However, the most feasible way to stop a foreclosure is usually just to sell your house. Until a foreclosure is finalized, you can still own your home and you can legally sell your home. You can sell your house on the open market or on a short sale in which the bank agrees to let you sell the house for less than what is owed on the loan. If you choose to sell your house, house buying companies are often the best option for homeowners facing foreclosure because they can usually purchase the house with cash and do it immediately. If you found this video helpful, give us a like and click the link below to find out more details about the DC foreclosure process. Thanks.Express Homebuyers specialize in helping homeowners who are in difficult financial situations avoid foreclosure. Call us today for a no-obligation cash offer.