Every year, hundreds of homeowners in Virginia fall behind on their mortgages. If you have fallen behind on your mortgage payments for your home in Virginia, don’t panic! You can still avoid foreclosure if you take the right actions quickly.
Brad Chandler, CEO of Express Homebuyers, discusses the Virginia 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 Virginia and multiple ways you can escape foreclosure!
Hi everyone, every year thousands of homes are foreclosed on across America. The foreclosure process can decrease your credit score by over 100 points and make it extremely difficult to secure another mortgage. If you miss a mortgage payment in Virginia, you’ll start receiving calls from your bank the first month, and the second month, your lender will send a notice of intent to foreclose on the home. In the third month, the property will be advertised for auction. Even if you’ve already received notice that the house is being foreclosed on, don’t lose hope. There are still a number of measures you can take to stop the foreclosure.
You can stop a foreclosure by simply getting up-to-date on your payments. In addition, there are also a number of state and federal programs to assist those in financial hardship. However, the most feasible way to stop a foreclosure is usually to sell your house. Until a foreclosure is finalized, you can still own your home and can legally sell the house. You can also sell your house on the open market or as a short sale. This is when the bank agrees to let you sell your house for less than the amount owed on the loan. If you choose to sell your house, a house buying company is often the best option for homeowners who are facing foreclosure. Express Homebuyers has helped countless Virginia homeowners escape foreclosure by paying off their mortgages and helping them get into a better situation. If you guys found this video helpful, give us a like and click the link below to find out more details regarding the Virginia foreclosure process.
Express Homebuyers specialize in helping homeowners who are in difficult financial situations avoid foreclosure. Call us today for a no-obligation cash offer.