Foreclosure is a legal process that allows a mortgage lender or municipality where you pay property taxes to seize your property to pay off what you owe in payments or back taxes.
Common Reasons for Foreclosure:
Job loss / unexpected unemployment
Sudden illness or medical emergency
Death in the family
Divorce / loss of second income
Excessive debt obligations
Job demotion or promotion denials
Inability to pay an adjustable interest rate that increases
Unexpected major home maintenance expense
If you have tried Loan Modification or Forebearance options with your current lender, only to be denied? If you are facing Foreclosure, Call us if you need help Selling Your House Fast. We will be glad to discuss your options, including Making a Cash Offer for Your House.