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Category: Avoiding Foreclosure

  • 186. How To Stop Foreclosure of Your House In Windsor CT?

    We Buy Houses in Windsor Connecticut.  If the bank is threatening to take your property after all you have put into it, we are homebuyer in Windsor CT and we can help you stop the foreclosure of your house! Keep reading to learn about what you can do to fight back!

    How To Stop Foreclosure of Your House In Windsor CT?

    Dealing with the threat of foreclosure can be extremely overwhelming. The thought of losing your house after putting so much of yourself into it can feel devastating, and that’s not to mention the ugly marks it will leave on your credit. Nobody wants to deal with foreclosure, but luckily there are some things you can do to avoid it. In our latest post, we will help you learn how to stop foreclosure of your house in Windsor CT.

    Call Your Bank In Connecticut

    When it comes down to it, most lenders would rather work with you to get back on track then put the house into foreclosure. While the process isn’t fun for you, it isn’t fun for them either. It is costly and time-consuming, and in many cases, leaving the lender with a loss. They will do what they need to, to recoup their costs, including working with you to find a solution. When you first realize you are going to have trouble with the mortgage payment, reach out to your bank. If you are behind on your payments, you will likely be able to work out a repayment plan. If you think that paying your mortgage is going to be difficult going forward due to new circumstances in your life, you may want to stall the foreclosure and sell the house while you still can.

    Sell Your House In Windsor CT

    A fast sale of your house can help you to quickly pay off your mortgage, without any negative marks on your credit. Listing your house in Windsor doesn’t necessarily guarantee your house will be sold quickly. Selling in this manner can take months, allowing the bank to foreclose on the house while it is listed.

    On the other hand, a direct sale to We Buy Houses In Connecticut will allow you to sell your property quickly and for a great price. Working with our team will let you choose the closing date that works best for you so that you can sell the house outright before the bank comes knocking. Our process is fast, convenient, and always fair!

    Use A Short Sale In Connecticut

    Another way to sell your home fast in Windsor CT to avoid foreclosure is by using a short sale. A short sale occurs when your lender agrees to take a lower offer for the house, just to save them the time and money of reselling it themselves. To do this you must apply to your lender’s short sale program and meet the necessary requirements. You’ll need to run a BPO or Broker Price Option, to help you determine the fair market value for the property.

    Declare Bankruptcy In Windsor

    When you declare bankruptcy, the bank will be forced to stop any collection activity against you, including the foreclosure of your home. That said, you will still be responsible for your debts. The bankruptcy court will work with you to set up a plan of repayment. Declaring bankruptcy doesn’t look very good when trying to borrow money in the future, so make sure it is the right choice for you before signing any paperwork.

    No homeowner wants to have their house taken out from under them. If you are behind on your mortgage, don’t fret. There are ways to avoid foreclosure and sell your home before the bank begins the foreclosure proceedings against the property.

    Sell My House In Windsor CT

    We may be able to help you avoid foreclosure… connect with us today and lets discuss your situation. We don’t charge any fees… we offer cash for houses in Windsor CT.. we’ll evaluate your situation… and present you your options so you can move forward and get this foreclosure behind you. Sell your house in CT area now!

    Yes! You really can stop foreclosure of your house in Windsor CT! Reach out to us today to find out more! (203) 529-4712

  • 149. How To Sell Your House To Avoid Foreclosure In Haddam CT?

    Cash for houses in Haddam CT

    We Buy Houses In Haddam Connecticut. Do you need to sell your house in Haddam CT to avoid foreclosure? Well, we are local home buyers in Haddam and we may be able to help you out! Learn more about foreclosure consequences and what you can do to stop the bank and save your credit in our latest post!

    Nobody wants to deal with the foreclosure process, but unfortunately, it happens to good people every day. While foreclosure rates are down to about 3.6%, people are still losing their homes to the banks. Life can change in a blink of an eye when you lose a job, get a divorce, or are faced with the loss of a loved one. People in foreclosure often have other unfortunate things happening in their lives and dealing with the banks is the last thing they want to do.

    The good news is that with a fast sale of your Haddam house, you will be able to stop the bank while avoiding the destruction of your credit. Keep reading to learn about how to sell your house to avoid foreclosure in Haddam CT.

    Sell Your House In Haddam CT Fast

    When you need to sell your house fast in Haddam CT, you have two primary options. You can choose to list it and cross your fingers or you can opt to work with a direct buyer, guaranteeing you a sale date and sale price. Sure, direct offers are usually less than what houses on the MLS fetch, but you must take into account the fact that by working with a direct buyer, you won’t have to deal with repairs, commissions, or marketing costs. You will be able to sell fast and walk away.

    If you opt to list your house in Haddam, be advised that it can be risky. If your house doesn’t sell right away, the banks may be able to get to it before you have found a buyer. You may be able to give your house back to the bank though you will need to price the house to sell and make it as appealing as possible in your photos as not to be overlooked by potential buyers. You’ll want to find a buyer who will be able to close on the house right away as any delay could cost you the deal and the house. There are agents who specialize in foreclosure sales, if this is what you choose to do, it is best to work with a professional who knows exactly how to get things done.

    Plan Your Move From Connecticut Now

    When you work with a direct buyer such as We Buy Houses In Connecticut, they will likely be ready to close in only a matter of days. That said, you will need to be ready too! You could hypothetically get an offer this week and close next week! If this happens, you will want to be ready to go. Figure out your moving logistics, costs, and where you plan to go. If you haven’t done so already, take some time to declutter. Throw things away that need to get tossed and consider selling some unused items to help with the sale. If the situation calls for it, you could even opt to have a yardsale to quickly generate cash for the items you aren’t taking with you.

    You will also need to know where you are going. If finances are tight, buying a new home may be out of the question, plus it is unlikely you would be able to close as quickly as you would need to move in. That said, you may choose to rent if you sell your house to avoid foreclosure. You will need to be able to pass a credit check and come up with first, last, and security. If it comes down to it, ask family or friends to stay with them until you are able to find new housing. A sale to a direct buyer can happen very quickly. If you are dealing with cleaning, packing, and moving, you may not have the time to find the perfect place. Instead of rushing into a place that isn’t right for you, instead, try to stay with someone you know – for only a short time of course. Check around in your community as well. There are often programs to help struggling homeowners get back on their feet.

    Don’t Hesitate on Selling In Connecticut

    Once the bank has begun its proceedings, it may be too late to do anything about losing your home. Your credit will be impacted, making it more difficult to buy another home in the future. It can take a lot of work to build your credit back up so if you feel you are at risk of losing your home, it is better to be proactive about it as opposed to waiting. While the process can take some time, letting you stay in the home for longer, it isn’t worth the damage that can be done to your financial future. By getting a direct, no-obligation offer from We Buy Houses In Connecticut, you will be able to run the numbers and ensure you don’t lose your property to the bank.

    I Want My Cash Offer Now!

    Sell My House Fast In Haddam Connecticut

    At We Buy Houses In Connecticut, we want to help you make the decision that is in your best interest. We are a legitimate Haddam CT homebuyers that offer cash for houses in Connecticut. So, whether you decide to sell directly, on your own, or with an agent, make sure to fully explore all your options before choosing how to sell your house in CT.  We will make the process simple so you can move on.

    Let us help you sell your house to avoid foreclosure in Haddam CT! Contact us today for more information! (203) 529-4712

  • 145. Can I Give My House Back To The Bank Westport CT Without An Expensive Foreclosure?

    145. Can I Give My House Back To The Bank Westport CT Without An Expensive Foreclosure?

     

    We Buy Houses In Westport Connecticut. We are local home buyers in Westport CT and we know about this stuff. So if you are thinking, can I give my house back to the bank in Westport CT without an expensive foreclosure? The answer is YES!  (but with caveats, read below for more details)

    There is a way to sell your house fast in Westport CT even in this type of situation. So read on…

    Can I Give My House Back To The Bank Westport CT Without An Expensive Foreclosure?

    There are many ways to avoid an expensive foreclosure in Westport.

    Your first step if you’re trying to avoid foreclosure in Westport is to speak with your loan provider immediately to examine your choices to prevent home foreclosure.

    You have to take action prior to getting too far behind on your mortgage payments in order to halt house foreclosure. You should contact your financial institution once you know you are likely to miss a home loan payment and inform them what is going on with your financial situation.

    Your mortgage loan organization would rather work something out with you so they do not generate losses on your property by going through the actual foreclosure process.

    You need to be open and honest with your mortgage company.

    They may work something out with you that cuts down your rate of interest, which would reduce your monthly payment. In case you miss one or two payments but then are capable of start paying once again, they can usually add those repayments back to your home loan and consider you caught up on your mortgage. The financial institution will not accommodate you if you do not talk to them about what your situation is ahead of time is and asks for help.

    Your mortgage loan bills or your card payments?

    You’ll be able to prevent home foreclosure by ensuring you consistently pay your mortgage loan prior to any bills. Your house loan is an essential monthly bill you have. Credit cards should never take priority over your house loan repayment. You can deal with the consequences of not paying your cards a lot easier than you can the implications of failing to pay your mortgage.

    Not paying your mortgage loan is the worst thing you can do with regard to your credit score. Getting behind on other sorts of debt like credit cards will never harm your credit as much as getting behind on your home loan. Not paying your mortgage loan could cause you difficulties with your credit cards, in any case, so they ought not to be a priority when you have to pay your monthly dues.

    Is selling your house in CT a way to avoid foreclosure?

    One way to prevent home foreclosure is to try to pay your house loan off by putting up your property for sale.

    You could probably be free from the financial hole you are in by selling your house in Westport for sufficient cash to pay the home loan off.  And sometimes you may be able to have money left to start over again. This is an excellent approach to prevent foreclosure of your Westport house and avoid a disaster on your credit score at the same time.

    Another way to stop property foreclosure in Westport is to really cut your spending right down to the bare minimum. If you’re able to reduce your expenses adequately you could avoid having to offer to sell the house you love. For anyone who is self-employed, one method to spend less would be to stop renting an office and make a workplace at home. You could also think about selling a car and having just one that you share.

    You can definitely proactively do something to stop your home from going into foreclosure and harming your credit and financial situation even further.

    I Want My Cash Offer Now!

    We Buy Local Westport Houses. Can We Make You An Offer?

    Here at We Buy Houses In Connecticut, we buy houses in Westport CT and surrounding areas and we may be able to help you get out of your house and avoid foreclosure. We are a legitimate Westport CT homebuyers and we offer cash for houses in Connecticut.

    The process is really simple:

    1. Fill out the form over here, or call us at (203) 529-4712 and we’ll make you an offer within 24 hours
    2. If you accept the offer we’ll get the documents drawn up and come out and visit you in your home to go over the paperwork
    3. We buy your house when you want us to (in as little as 7 days) at a reputable local closing agent

    That’s it! we will make the process simple so you can quickly sell your house in CT and move on. Contact us today for more information! (203) 529-4712

  • 144. The Devastating Consequences Of Foreclosure In Westbrook CT For House Sellers

    We Buy Houses In Westbrook Connecticut. We are local homebuyers in Westbrook and if you are trying to sell your house in Westbrook CT, you may be finding that it is more difficult than you had expected… especially if your home has any repairs needed that buyers just don’t want to deal with.

    In this article, we’ll dive into some of the devastating consequences of foreclosure in Westbrook for house sellers.

    Local Westbrook CT House Buyers Have Lots Of Options For Homes But Fewer Options For Financing

    There are floods of homes on the market, and thanks to the economic turmoil in recent past (and still going on in some areas), some types of homes just aren’t selling as fast as they were 5 years ago… while the “sweet spot” type of house (3 bedrooms 2 baths in the middle to lower-middle price range) are selling at a good clip.

    Part of it is because lending guidelines have changed since the housing collapse so fewer buyers are out there for some homes… there are still stockpiles of foreclosed homes in Westbrook CT that keep trickling into the market from banks… and buyers are more choosy than they were in years past because many of them have learned that you can no longer purchase a property and bank on the fact that it will appreciate a 3%+ a year in value.

    If you are a seller in this market, you may be becoming discouraged and wonder how you can just sell your Westbrook CT house fast, right?

    If it seems like you keep putting more money out to improve your home (or if you have repairs but don’t have the money to do those repairs), but are still having a hard time selling your Westbrook CT house, you aren’t alone. A buyer’s market makes conditions hard for sellers to swallow. No one likes to see their home picked apart, criticized, or devalued, but that is exactly what most sellers are dealing with.

    Worse yet, due to the devastating consequences of foreclosure in Westbrook, many sellers in the area who hold out for the price they want are getting little action and no offers at all… sometimes leaving the house on the market for months on end.

    How Foreclosures Have Driven Local Housing Prices Down In Connecticut

    When the housing market crashed and the foreclosures began to roll in, it flooded the real estate market in Westbrook CT. That means that there is more inventory on the market. When that happens, that drives the price of everyone’s house down because there are more options (at lower prices) for buyers out there.

    When there is more inventory than buyers, it devalues the homes for sale.

    The jury is still out on whether we’ve climbed out of this foreclosure hole or not.  There are still lots of foreclosure houses in the Westbrook CT area and the banks are still holding many many area homes in their own inventory that aren’t even for sale yet.

    But, there are some things you can do in this market to reach your goals with selling your house.

    Selling Your House In A High Foreclosure Market In Westbrook

    If you’re wanting (or needing) to sell your home to avoid foreclosure you’ve got a couple of options.

    1. If you don’t need to sell your home fast and can wait for the market out… Get A Great Real Estate Agent On Your Side:  If you don’t need to sell your property fast and you can pay the real estate agent commissions… it may be best for you to just wait for the market out and give it some time for that perfect buyer to come your way and pay the price you’re looking for. The market is improving and if you can sell your home next year rather than now… it may mean a few extra bucks in your pocket on the sale at a higher value. A great real estate agent can help you list the house and market it for you. If you don’t have a good local agent, just reach out to us and we can connect you with some great real estate agents we know in town who have shown they can sell a house fast. Email us over here for a Westbrook CT area real estate agent referral.
    2. If you DO need to sell your home fast… look for quick sale options like selling your house to us: Selling your property fast in a market like this can be difficult if you go the traditional real estate agent route… unless you discount your house in a big way. Then on top of that discount, you’ll be paying the real estate agent commissions… which takes even more cash out of your pocket in the end. Another option you should look at is selling your home to a real estate investment firm like We Buy Houses In Connecticut. We buy Westbrook houses and can make you a cash offer within 24 hours for a fair price. We’re not looking to list your home… we’re actually looking to buy the house from you… we’ll take care of any repair costs after we purchase it from you, then we either keep it as a rental property or we’ll turn around and invest our time, money, and expertise into selling the house to another homeowner. It can be a win-win-win situation. If you’re looking for the full-retail value of your house, we can’t pay for that. We do need a discount so we can make a profit on our end, but you won’t ever pay us any fees or commissions.

    For added reference: Read here if your curious and right there thinking, “Can I give your house back to banks without an expensive foreclosure?” We have an answer for you!

    I Want My Cash Offer Now!

    Sell My House In Westbrook CT Fast

    We are a legitimate Westbrook CT home buyer and we offer cash for houses in Connecticut. And if you have any questions about our local Westbrook home buying service just reach out to us anytime. You can call us at (203) 529-4712 or reach out to us over on our Contact Page.

    Or, if you’re ready to get a fair cash offer on your property today, just click the link below to go to our “Fast Offer” form… then fill out some basic info on your house and we’ll be on our way! We will make the process simple so you can quickly sell your house in CT and move on.

    Reach Out To Us To Sell Your Westbrook CT Home Fast… Even In A Market Like Today’s. Get A Fair Cash Offer On Your Westbrook CT House Today >>

  • 116. How To Stop The Bank From Foreclosing On Your Bethany CT House?

    We Buy Houses In Bethany Connecticut. We offer cash for houses in Connecticut, for people that need to sell their property, often in difficult situations. From selling a house in probate to not wanting to deal with an agent to even getting out of foreclosure. We are local home buyers in Connecticut and we will help you get a great deal in selling your house fast without having to worry about repairs or paying agent fees.

    People fall behind on their mortgages every day. In our latest post, we can help you learn how to stop the bank from foreclosing on your Connecticut home!

    Not only will you lose your home, but you will also lose your pride. It can be difficult for anyone to handle. But what you need to know is that it happens to people all the time. You are not the first person going through it, and you certainly won’t be the last. The good news is, that if you are still in possession of your home, there are some things you can do to stop the banks. But first…

    Why Do Banks Foreclose in Bethany CT

    Banks foreclose after multiple missed payments. This can happen to the very best people and for all sorts of reasons. Divorce, job loss, the death of a loved one, family addition, and sudden illness are all common causes of missed payments. The last thing people need in any of these situations is to lose their house on top of everything else they are going through. If you are not able to repay the bank what you own, the bank will foreclose on the property and resell at auction in an effort to recoup their money.

    What You Can Do To Stop Bank From Foreclosing On Your House

    Find A Buyer For Your Connecticut House… Quickly

    When you sell your home, the foreclosure process will stop in its tracks. You can try to find a buyer who can close quickly on your own, or you can call We Buy Houses In Connecticut, who will always pay you a fair and honest price for your Bethany property. If you sell on your own, to a buyer using financing, the sale could end up taking weeks or months to be finalized, and by then, the bank may have already foreclosed. With a direct sale to We Buy Houses In Connecticut, you will typically be able to sell your home in only a few short days.

    Short Sale Your Bethany House

    If you own more than the property is worth, this could be a good solution for you. A short sale happens when a homeowner and the bank agree to sell the property for less than what is owed. The bank will agree to this if the home has dropped in value and the homeowners aren’t able to make the payments. The bank would rather recoup the majority of what is owed instead of going through the long and lengthy foreclosure process. A short sale will look much better on your credit than a foreclosure will.

    Work Out A Deal

    When you first realize you are having difficulties making your mortgage payment, give the bank a call first. They would rather work with you then deal with missed payments and foreclosure. Look into a loan modification or changing the terms of your loan. You might be able to refinance and lower your payments. If you have missed a few payments, try to set up a payment plan to get back on track. Some lenders will agree to forbearance, forgiving the missed payment, and adding it on to the end of your loan term. Before you do anything drastic, talk to the bank first. They are used to dealing with these situations and will likely have a solution to help you.

    File For Bankruptcy

    If you file for bankruptcy, the lenders cannot attempt to collect payment until the court allows it. Make sure you choose the right type for your needs, Chapter 7 or Chapter 13, and that you have talked this through with an attorney. Filing for bankruptcy can have adverse effects on you and your credit for years to come.

    I Want My Cash Offer Now!

    We Are Reputable Bethany Connecticut Home Buyers

    If you’re thinking “I need to sell my house in Bethany CT” well look no further. We are a house buying company that has purchased many homes on the verge of foreclosure. We have the knowledge and experience to get you out of foreclosure and back on your feet eliminating the stress that keeps you up at night. We offer cash for houses anywhere in Connecticut to guarantee a fast closing

    Do you need to sell your house in CT before the bank forecloses? We can help you! Send us a message or give us a call today! (203) 529-4712

  • 24. Foreclosure notice of default in Connecticut- what is it?

    24. Foreclosure notice of default in Connecticut- what is it?

    We Buy Houses In Connecticut and as local homebuyers in CT we have dealt with foreclosures in our line of work. So let us walk you through the whole process. Today we are going to look at the foreclosures effects in West Hartford CT and what local house sellers need to know if you’re falling behind in your mortgage payments. Let us talk about the foreclosure notice of default.

    If you’ve gotten a foreclosure notice of default in your Connecticut house and want to know what the heck is going on, keep reading

    Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure.

    The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy). The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself.

    Although this can be really embarrassing to someone going through foreclosure, it’s actually very important protection for consumers.

    Back before US law required a notice of default for homes, people were sometimes foreclosed on without any warning

    In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out of their property without due process or warning. It’s even happened around Connecticut.

    The notice of default is a very important step within the foreclosure process that gives people with an interest in the property to step forward and claim their rights – before it’s too late.

    If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.

    Here are a few key steps you should take:

    1) Stay calm and don’t panic.

    This may sound obvious, but it’s probably the most important. Anyone in foreclosure is dealing with a lot of stress beyond just the property. These situations don’t happen overnight, and they take a while to solve. You’ll get through it by practicing good coping techniques and taking good care of yourself and your family. Panic leads to bad decisions, so stay cool.

    2) Educate yourself.

    Learn everything you can about the foreclosure process in your state so that you know what’s happening and what’s coming up next.

    3) Gather your resources.

    There are also many non-profit and government resources available out there. You’ll want good legal and tax advice along the way. Definitely, don’t try to do it all yourself. This stuff is super complicated with lots of rules.

    4) Learn your options.

    We’re here to help you avoid foreclosure. We buy houses with cash. We can help you with short sales and even rent-back situations so you (potentially) may be able to keep living in your home. There are many more options than you think.

    5) Communicate.

    The banks involved don’t want your property. They want money, and what you say matters a lot. If you take the appropriate action, you can slow down and reach out to banks to help stop the foreclosure process.

    I Want My Cash Offer Now!

    We Offer Cash For Houses In Connecticut

    We Buy Houses In Connecticut and we know the process regarding home foreclosures very well including the nightmares that go with it. We will not only make it easier for you to sell your house in CT fast, but you also won’t even need an agent. Want to know more?

    Call us anytime (203) 529-4712 or connect with us on our website
    and we’ll lay out all of your options for your specific situation.

  • 20. What is a Pre-Foreclosure in Bridgeport?

    20. What is a Pre-Foreclosure in Bridgeport?

    Are you planning to sell your house in Bridgeport CT? Well, good thing, you’ve come across this blog then. Because we buy houses in Bridgeport Connecticut and we are a legitimate cash house buying company called We Buy Houses In Connecticut. We know that with millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process.

    This article will help you get your pre-foreclosure property sold. Remember, throughout this blog, you will find a lot more tips on selling your home fast in Connecticut!

    So what is a Pre-Foreclosure in Bridgeport CT anyway?

    Many homeowners across America and Connecticut are facing difficulties in making their monthly mortgage payments.

    When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning, notifying the homeowner to pay or lose their home. This period is known as “pre-foreclosure.”

    Banks and mortgage lenders typically provide three months for the homeowner to become current.  Of course, this number can vary by bank and situation sometimes.

    If a homeowner fails to make the necessary payments, the bank will foreclose on the home, assuming ownership, and evict the homeowner. Thankfully, during this stage of the foreclosure process, a mortgage holder has the opportunity to take advantage of several options to prevent losing their home.

    Pre-foreclosure Options for Borrowers in Bridgeport

    If you’re behind on mortgage payments, you’re likely to receive a “notice of default” from your mortgage lender. This document will state that you have not made mortgage payments for the last 90-180 days. Do not panic.

    You have options that can delay or even prevent losing your home:

    • If your mortgage is “above water,” (meaning you have equity in your home) you may be able to refinance your mortgage, receiving lower monthly payments.  Check with your local Bridgeport mortgage broker… or contact us and we can connect you with a reputable one.
    • You may be able to quickly sell your home to a real estate investor that’s reputable in Bridgeport CT like us at We Buy Houses In Connecticut, using the cash acquired to pay the months of back-payments owed (or we *may* be able to work out something with the lender that relieves all or part of your back payments. We can buy your Bridgeport CT area home quickly, often in just a week or two, will pay in cash, and takes the stress out of trying to find a buyer.
    • You can contact the bank and ask them to permit a short sale. In a short sale, you’ll sell your property for less than it’s worth, and the bank will take the loss as a tax write-off.  In some short sales, you may still be required to pay the difference to the bank if the property doesn’t sell for what is owed on the loan.
    • You may be able to declare bankruptcy, which can buy you time to pay your debt. Bankruptcy will remain on your credit report for years and can cause significant damage.

    Lenders are very much aware of the widespread financial troubles across the country and they’re willing to work with borrowers a lot of the time.

    If you’re honest and communicate with your lender, you’ll often find that there are options that will allow you to remain in your home, or at least salvage your credit rating.

    A foreclosure can often negatively affect your credit score by 200-400 points and can prevent you from obtaining a loan of any sort for 5-7 years, so be very dutiful if you’ve received a Notice of Default from your lender. But if you’re not able to find a solution with your lender working directly with them… connect with us. We may be able to help.

    Ways We Can Help If You’re In Pre-Foreclosure In CT

    • We can potentially help with a short sale – Submit your info on this website so we can evaluate your situation to see if we can help.
    • We can buy your Bridgeport area house – We purchase houses in Connecticut and would love to make you an all-cash offer on your home too. Just fill out the form here to get started >>
    • You can ask us questions and we can provide you FREE guidance and resources so you can make a well-educated decision. This costs you nothing, there’s absolutely no pressure, no obligation… just free guidance without a catch.

    I Want My Cash Offer Now!

    Pre-Foreclosure in Bridgeport Connecticut

    If you’re in the pre-foreclosure stage… you’ve still got time to fix this situation. Just connect with your banks to help stop the foreclosure and see if they’re willing to work with you… or better yet, sell your house in CT directly to us, who are trusted and local homebuyers in the Bridgeport area. Contact us if you’d like to see what we can purchase your property for or to tap into our free foreclosure foreclosure resources.

    Want To Discuss Your Pre-Foreclosure Options? Call Us at (203) 529-4712 Or, Submit Your Info Here To Get A Cash Offer On Your House >>

  • 19. How to Avoid Foreclosure in Shelton CT?

    19. How to Avoid Foreclosure in Shelton CT?

    While the housing market is rebounding, many people in Shelton are still struggling to make mortgage payments. We are local homebuyers in Shelton and we’ve encountered similar situations like if you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Well, don’t you worry because there is a way that you can still sell your property with ease! Sell it directly to us – we buy houses in Shelton Connecticut. and we will take care of it.

    There are a number of things that you can do to avoid foreclosure in Shelton CT. It’s important to remember that moving quickly is absolutely paramount, and could save your credit rating and your home.

    So let’s dive in on a couple of quick tips on possibly how to avoid foreclosure in Shelton CT with your home.

    The Keys of How to Avoid Foreclosure in Shelton CT, Don’t Abandon Ship

    Many people simply give up and walk away from their homes. There are even areas of Shelton that have begun to resemble ghost towns, as the economy has impacted residents significantly.

    Detroit is a prime example of what can happen when people abandon their homes.

    This can be a stressful situation, but it’s extremely important to keep your wits about you. A foreclosure will have a huge negative impact on your credit score, and likely prevent you from purchasing a home for years to come. If you sell your home, you could leave a portion of the loan unpaid, and the lender could pursue legal action against you for the unpaid portion.

    While it’s extremely stressful, you do have options:

    • Negotiate with your mortgage lender. Banks and other financial institutions are well aware that citizens of Shelton are struggling. If you haven’t missed a payment yet, you may have some leverage to renegotiate the terms of your loan. Banks don’t like foreclosing on homes, and many will work with you if you aren’t too far behind. Allow the banks to help stop the foreclosure you are facing when they offer forbearance or even a full loan modification.

    • Ask for help from Uncle Sam. Over the last five years, the federal government has implemented a number of programs to help struggling homeowners. The Home Affordable Modification Program (HAMP) allows struggling homeowners to modify their loans, reducing monthly payments. The Home Affordable Refinance Program allows homeowners who are current on their mortgage payments to refinance an adjustable-rate mortgage into a low-interest, fixed-rate loan. Both of these programs are subject to eligibility requirements.

    We understand that the possibility of losing your home can be stressful. You aren’t alone. Citizens all over Connecticut are going through the same troubles. Foreclosure can have a lasting effect on your financial life, and it’s important to move quickly and take advantage of any options available. You could save both your credit rating and remain in your home.

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    Avoid Foreclosure in Shelton Connecticut

    We may be able to help you avoid foreclosure… connect with us today and let’s discuss your situation. We don’t charge any fees… we’ll evaluate your situation… and present you your options so you can move forward and get this foreclosure behind you. Sell your house in CT directly to us and move on with your life with ease.

    Give us a call anytime at (203) 529-4712 or fill out the form on this website today! >>

  • 13. Understanding the Foreclosure Process In New Haven CT

    13. Understanding the Foreclosure Process In New Haven CT

    We are local home buyers in CT – we buy houses in New Haven Connecticut and we know the process regarding home foreclosures very well including the nightmares that go with it. We will not only make it easier for you to sell your property fast. You won’t even need an agent. Understanding the foreclosure process in New Haven CT is an important part of navigating your own home for you to know how to avoid foreclosure.  Before we dive in…

    What is Foreclosure anyway?

    Foreclosure is the legal process that lenders use to take back property securing a loan, generally, after the borrower stops making payments.

    Foreclosure is no fun.  But just know that it’s not the end of the world. That is why understanding the foreclosure process in Connecticut is crucial. When you know how foreclosure in Connecticut works… it arms you with the knowledge to make sure you navigate it well and come out the other end as well as possible.

    Understanding the Foreclosure Process In New Haven CT

    There are a few stages that are important to any foreclosure process. Understanding the Foreclosure Process in Connecticut is very important in order to come out ahead.

    Foreclosure works differently in different states around the country. The two ways different states use to foreclose upon a property are judicial sale or power of sale.

    Connect with us by calling (203) 529-4712 or through our contact page to have us walk you through the specific foreclosure process here locally in New Haven.

    In either scenario, foreclosure typically doesn’t go to court until 3-6 months of missed payments have elapsed. Usually (but not always), a lender will send out many notices that you are in arrears – overdue or behind in your payment.

    Under Judicial Foreclosure in New Haven:

    • Your mortgage lender must file suit in the court system.
    • You’ll get a letter from the court demanding payment.
    • Assuming the loan is valid, you’ll have 30 days to bring payment to court to avoid foreclosure (and sometimes that can be extended).
    • If you don’t pay during the payment period, a judgment will be entered and the lender can request the sale of your property – usually through an auction.
    • Once the property is sold, the sheriff serves an eviction notice and forces you to immediately vacate the property.

    Under Power of Sale (Non-Judicial Foreclosure) in CT:

    • The mortgage lender serves you with papers demanding payment, and the courts are not required – although the process may be subject to judicial review.
    • After the established waiting period has elapsed, a deed of trust is drawn up and control of your property is transferred to a trustee.
    • The trustee can then sell your home for the lender at a public auction (notice must be given).

    Anyone who has an interest in the property must be notified during either type of foreclosure. For example, any contractors or banks with liens against a foreclosed property are entitled to collect from the proceedings of an auction.

    What Happens After A Foreclosure Auction in New Haven?

    After a foreclosure is complete, the loan amount is paid off with the sale proceeds.

    Sometimes, if the sale of the property at auction isn’t enough to pay off the loan, a deficiency judgment can be issued against the borrower.

    A deficiency judgment is where the bank gets a judgment against you, the borrower, for the remaining funds owed to the bank on the loan amount after the foreclosure sale.

    Some states limit the amount owed in a deficiency judgment to the fair value of the property at the time of sale, while other states will allow the full loan amount to be assessed against the borrower.

    Here’s a great resource that lists the state-by-state deficiency judgment laws, since every state is different.

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    New Haven Connecticut Home Buyers

    Generally, it’s best to avoid a foreclosure auction. Instead, call up the bank to help stop the foreclosure, or work with a reputable real estate firm like us at We Buy Houses In Connecticut to help you negotiate discounts off the amount owed to avoid having to carry out a foreclosure.

    Experienced investors can help you by negotiating directly with banks to lower the amount you owe in a sale – or even eliminate it, even if your property is worth less than you owe. If you need to sell your house in CT, we can help you. We purchase houses in New Haven CT like yours from people who need to sell fast.

    Other Foreclosure Resources For New Haven CT HomeOwners: Give us a call anytime (203) 529-4712 or fill out the form on this website today! >>

    Resources On Avoiding Foreclosure from the U.S. Government >>

  • 12. Sell My Manchester CT House In Foreclosure?

    12. Sell My Manchester CT House In Foreclosure?

    If you happen to have a Manchester CT house that’s in foreclosure right now? Fret not! Because we buy houses in Manchester Connecticut and we are reputable home buyers in Connecticut. And as local in this line of business, we know that many people going through the Connecticut foreclosure process want to get out from under that burdensome property wondering if they can sell the house in foreclosure. Well, the answer:  Yes.

    The long answer: it’s a little more complicated, but usually you can sell your property prior to foreclosure. Generally, the sooner you start, the better.

    Can I sell my Manchester CT house in foreclosure? Selling Your House In Foreclosure – How it works

    There are a lot of folks in Manchester who have faced foreclosure in the past few years. Since the changes in the economy, a lot of banks have been shifting the way that they deal with foreclosures. Can I sell my Manchester CT house in foreclosure? Remember, the bank that carries your mortgage doesn’t want to see your home abandoned or auctioned. The bank stands to make the most amount of money by helping you to avoid foreclosure by selling your property. However, dealing with banks during any part of the foreclosure process can be a huge pain. Over many years of working with banks to help stop the foreclosure process, we’ve learned a few tricks that will help you.

    Working With Banks During The Foreclosure Process

    1. Always over-communicate with the bank (but don’t be annoying). Call with updates and show them what you’re doing to get your property sold.
    2. Don’t miss deadlines. If anything will be late, call with advance notice.
    3. Remember that bankers are people too. Don’t be overly dramatic, but explaining your situation and demonstrating your willingness to fix the problems to make it right goes a long way.
    4. Start keeping careful records of every conversation you have with the bank. Nothing counts unless it is in writing. Make sure to keep track of each person you speak with, what they said, and any promises made.
    5. Explore all your options, including short sale, loan modifications, and bankruptcy. Depending on the details of your personal situation, you may be able to dramatically slow down the foreclosure process with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.
    6. Don’t wait. Unfortunately, time is not on your side. The further behind you become on payments, the fewer options are available to you.

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    Sell Your House In Manchester CT

    If you’re looking to sell your house in CT facing foreclosure fast, call us now.

    We specialize in helping homeowners in situations including foreclosure around Manchester CT and the whole state of Connecticut get out of difficult situations and avoid foreclosure. In certain circumstances, we can negotiate directly with the bank to reduce the amount you owe and (sometimes) even help you walk away from your property with cash. We buy properties like yours from people who need to sell fast.

    If you need to sell a property near Manchester CT, we can help you. Give us a call at (203) 529-4712 anytime or fill out the form over here today! >>

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