Foreclosure Can Be Scary & Confusing When You Don’t Know All Of Your Options…
What Is Pre-Foreclosure in Los Angeles?
A property is in pre-foreclosure in Los Angeles after the mortgage lender has notified the borrowers that they are in default but before the property is offered for sale at auction. The term “pre-foreclosure” refers to the legal situation a property is in during the early stages of being repossessed. If a homeowner can sell the property during this time, they may be able to avoid foreclosure proceedings in Los Angeles and its negative effect on the owner’s credit history and future prospects. It is during this time that homeowners are in the best position to sell and sell fast to get any equity out of the home.
Pre-foreclosure in Los Angeles begins when the lender files a default notice on the property because the homeowner is delinquent with mortgage payments. Once you’ve defaulted on your mortgage your lender must then give you a legally mandated period of time to cure that default. Pre-foreclosure periods in states such as California, where nonjudicial foreclosure without use of the courts is common, are relatively short. Pre-foreclosure in California is as short as 111 days, consisting of a 90-day default notice period followed by a 21-day foreclosure sale notice period. If the homeowner does not cover the past due payments and does not sell the home during the pre-foreclosure period, the lender will eventually sell the property, typically at auction.
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5 Ways To Stop or Avoid Foreclosure In Today’s Market – FREE Guide:
Need more information on the foreclosure process and How To Stop Foreclosure? Download our FREE Stop Foreclosure Guide here. Or, you can always feel free to Contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners avoid foreclosure or sell unwanted properties for cash.
“List My Pre-Foreclosure For Sale”
- Have 4-6 months? A listing may put more in your pocket
- Save your credit from the wreckage of a foreclosure
- See if your situation qualifies within our network
“Get A Fair Cash Offer From Our Network”
- Let us know about your situation and your house
- We’ll evaluate it quickly (usually within 48 hours)
- You could receive a fair win-win all cash offer
Want To Learn How To Stop Foreclosure in Los Angeles Now?
With the real estate market changing so rapidly due to environmental and economic factors, many homeowners may find themselves facing foreclosure. Don’t let yourself get too far in if foreclosure is threatening your home. Want to learn how to stop foreclosure in Los Angeles now? We’ve created free online guides to help homeowners just like you find out your options on getting out of the sticky situation you’re in right now. If you’re feeling down emotionally, give us a call. You aren’t the first person to go through a foreclosure and won’t be the last. So don’t feel ashamed. It happens. We’re here to help you find a solution. Letting go of your home is a hard thing to do. However, if you sell at the right time, you won’t lose all the equity in the home and the home at the same time. Detaching emotionally and selling your home could put thousands in your pocket.
The best thing you can do right now is to educate yourself on your options. For some people selling your home is the best option. Our real estate network of investors will make a fair all-cash offer on your house today, just let us know about your situation here. Sometimes we’re able to help homeowners STOP FORECLOSURE completely and sometimes there are other options. So, click one of the buttons above to get your free foreclosure guide.
Get A Refinance Or Loan Modification
A loan modification is a great way to catch and reorganize your local with the bank, which can help you to keep your home in Los Angeles. The major thing to be aware of here, is knowing that your bank is the only one who can help you do this. If you want to see if you qualify for a loan modification, your bank is the only one who can help you keep your home in Los Angeles. If your bank cannot help you with a loan modification, your next bet is to contact a private money lender and see if they can assist you. Private money lenders still offer consumer loans and their qualification process may have less requirements than a traditional conventional loan. The only down side is that you will (more than likely) pay a higher interest rate. However, as long as you qualify for the loan, and can make the monthly payment, it will keep you in the house. At the end of the day, that’s all that matters. Contact us today and let’s discover how our network of real estate professionals can help you.
• Negotiate with your mortgage lender. Banks and other financial institutions are well aware that citizens of Los Angeles 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. You may be offered 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 refinance an adjustable rate mortgage into a low-interest, fixed rate loan. Both of these programs are subject to eligibility requirements.
Sell Your House Fast!
Look, we completely understand that selling is not the preferred option. With that said, the world is transitioning to a new reality. The pandemic has created questions within the housing market and no one truly knows what will happen next. Values in Los Angeles are still favorable and we have buyers on the sidelines waiting to make you a cash offer TODAY for your home! Don’t wait until it’s too late. You can still maximize your equity by selling sooner than later. Our real estate network is willing to offer you cash for your home. Imagine what you can do with that money. Imagine how much pressure will be lifted off your shoulders when you sell your burdensome home. Contact us today and let’s find a solution together.