Every quarter, 250,000 American families foreclose on their homes, according to the Mortgage Bankers Association. And this number can increase significantly during recessions or poor economic times. But what can you do to prevent a foreclosure, which can not only go against your credit but prevent you from buying anything for the next few years? Well, there are, in fact, several viable options, but some are better than others. Here’s a few to ponder.
Sell Your House
Whether you sell your home on your own or through a real estate agent, selling your house can help you Avoid Foreclosure Chicago. If you sell on your own, you won’t have to pay the real estate commissions you would with an agent. On the contrary, a real estate agent can get a lot more potential buyers walking through your house because of her connections.
Sell to an Individual Cash Buyer
There are people who buy homes for cash, but you really have to do your due diligence to see if they’re legitimate. One way to make this deal works is to bring your real estate friend and attorney along to ensure you don’t get ripped off. But this option can still help you avoid foreclosure.
Consider Selling to a Cash Homebuying Company
You can also Avoid Foreclosure Chicago by accepting a cash deal from a reputable cash homebuying company. These firms usually employ highly experienced reps who can help you get the best deal on your house.
Weigh Key Benefits of a Cash Homebuying Firm’s Offers
With a cash homebuying company, you can complete the sale of your house within a week or two. You’ll also receive cash for any purpose you need. You can also avoid expensive repairs and closings costs.
Complete the Sale With Your Cash Homebuying Firm
If you’re completely satisfied with the offer, complete the sale through your cash homebuying representative. Then, get on with your life and Avoid Foreclosure Chicago all together.
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