Sell Home Cash Orange County – How To Avoid Foreclosure

sell home cash in Orange County

Facing foreclosure is one of the most stressful and difficult times you can go through as a homeowner. The risk of losing your home and consequently harming your credit score can weigh heavily on anyone. – Sell Home Cash Orange County

Taking immediate and appropriate action before it’s too late is crucial when dealing with a foreclosure. And selling your home before it is auctioned is one of your best options, and in some cases, it may be your only option.

Depending on the amount you owe, selling your home before foreclosure can help settle your financial obligation and even leave you with something extra to assist you with your new living situation, and, in the worst-case scenario, it can significantly help to reduce the amount of debt you owe.

How To Avoid Foreclosure in Orange County

Take Action Beforehand

If you are in a difficult financial situation and suspect that your home will be foreclosed soon, you need to attempt and sell it before you even receive the foreclosure notice.

This will help give you enough time to find a buyer before your lender takes any drastic action.

Under the One-Action-Rule law in California, your lender can either foreclose judicially, foreclose non-judicially, or file a personal lawsuit on the promissory note for the debt balance.

Sell to Real Estate Investors

While you are allowed to sell your home up until the foreclosure is finalized, you need to avoid using traditional sale methods.

Remember that when facing foreclosure, time is usually of the essence, and there is a lot of formality involved when putting your house on the market.

Even if you find a highly experienced and skilled real estate agent, you aren’t guaranteed that they will find the right buyer and close the deal within the required timeline.

In this case, your best option is to sell home cash Orange County. Real estate investors such as us Monte Buys Houses, offer homeowners facing foreclosure a quick and stress-free solution.

Not only do we already have the cash at hand, but we also handle all the closing costs so you don’t have to. In addition, we can close in as little as one week, which gives you more than enough time to settle things with your lender.

What About Filing For Bankruptcy?

While filing for bankruptcy won’t eliminate your financial obligation, it will temporarily halt the foreclosure until the court makes a determination on the validity of your bankruptcy.

Chapter 13 bankruptcy helps to make your debts more manageable by creating a detailed payment plan spanning several years. If you are granted this kind of bankruptcy, you can help save your home.

On the other hand, if you are granted Chapter 7 bankruptcy, you won’t be able to save your home. However, your lender won’t be able to pursue a deficiency judgment.

Sell Home Cash Orange County

If you decide that selling to real estate investors is your best option when looking to avoid foreclosure, which indeed it is, then look no further than Monte Buys Houses.

We are a reputable and reliable cash house buying company serving Orange County and are committed to helping out people like you. We will help speed up the process of selling a home and make it much easier for you, thus helping you avoid foreclosure.

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