STOPPING FORECLOSURE with NO MONEY & BAD CREDIT:
1. REQUEST a "Loan Modification" from YOUR LENDER*
Your lender may be willing to either extend the term period of your loan,
lower your interest rate, forgive some late fees or legal fee or other fees,
or all of the above in order to reduce your monthly mortgage payment.
CAUTION!
(Simply applying for the modification does not guarantee they will stop the foreclosure. You must receive & sign an agreement before the auction!)
2. SELL EVERYTHING (except the kids!) to PAY the REINSTATEMENT*
Garage sale, CraigsList.org, newspaper ads, etc.
Sell anything & everything you absolutely do not need or use anymore.
Junk cars, boats, sports or exercise equipment, older clothes,
Jewelry, appliances, stocks, bonds, mutual funds, etc.
3. AFFORDABLE BANKRUPTCY*
If you're unable to gather enough money to catch up all at once
but your income is stable & you're able to make a higher monthly payment
you may wish to consult with a bankruptcy attorney.
CAUTION!
(Bankruptcy may only temporarily delay foreclosure if you can't keep up
with the higher payment then you may end up back in foreclosure!)
4. SELL the PROPERTY to US BEFORE the AUCTION*
Sell your property to us before the foreclosure without having to repair it,
Get your mortgage paid off, clear your credit reputation &
GET CASH NOW to Relocate & Start your life over Fresh in a New Home.
WORST CASE SCENARIO!
Even if you have little or no equity
OUR COMPANY may be willing to catch up your mortgage,
GIVE YOU CASH NOW, repair the property &
Make your mortgage payments until we sell the property.
WARNING!!!
*DON'T PROCRASTINATE! Because in the state of Texas
After the bank sells your home at a foreclosure auction
the new owner can give you a 3 DAY NOTICE to VACATE!
Soon after that they can show up with a Sheriff or Constable and have you
PHYSICALLY REMOVED from the property and change the locks.
If you're not home when they come, they may have the legal right to
THROW YOUR CLOTHES and FURNISHINGS outside with
No obligation to secure your stuff from theft or damage.
You may also lose all the equity in your home
and the lender may sue you for any outstanding balance.
With foreclosure on your credit record you may be treated worse than bankruptcy.
It may even make it hard to get approved for decent housing or employment.
You have already decided to Relocate & Start your life over Fresh in a New Home?
COMMON MISTAKES when BUYING a HOME
1. READ & UNDERSTAND ALL CONTRACTS
& AGREEMENTS BEFORE SIGNING:
Regardless what you think you agreed to, Make sure it's in writing.
If it's not in writing DO NOT SIGN until you &
the seller clarify in writing what you both expect or
Seek legal assistance if necessary.
Remember, verbal agreements are as good
as the paper they're written on!
2. INSPECTIONS:
Have the foundation, roof, plumbing, home,
& termite inspections all performed before purchase.
3. FINANCING:
Regardless if a bank, some other lending institution or the seller
is allowing you to purchase the home over time try to avoid...
...an "adjustable" interest rate (Get a "fixed" interest rate);
...a "Balloon" payment (Get a 15yr or 30yr "maturity" date);
...a "Pre-payment Penalty" (Be able to "refinance" as soon as you wish).
4. RENT-till-BUY:
Understand that this term is exactly what it means,
You are only renting the house until you can buy the house with cash
within a specific period of time. You are NOT PROMISED OWNERSHIP or EQUITY just for living there for a certain length of time.
So DO NOT confuse it with "Rent-to-OWN", "Seller Finance", "Owner Finance", "Agreement for Deed", "Contract for Deed", or any other loan or mortgage.
You DO NOT OWN the house! You are just a TENANT until you buy it!
The only way you can ever own the house is by BUYING it according
to the terms of your written Residential Purchase Contract!
Allow us to Pay off your mortgage & Avoid Foreclosure & Spare Your Credit Reputation! CALL for RELIEF FREE of CHARGE: (361) 688 7326
*THE ABOVE INFORMATION IS PROVIDED FOR EDUCATIONAL PURPOSES ONLY AND THIS WEBSITE IS DESIGNED TO PROVIDE GENERALLY ACCURATE INFORMATION IN REGARD TO THE SUBJECT MATTER COVERED AND ADVERTISES REAL ESTATE DEALS FROM DIFFERENT SELLERS. HOWEVER, WE RESERVE THE RIGHT TO ALTER THIS INFORMATION WITHOUT PRIOR NOTICE AND MAKE NO WARRANTIES THAT THIS CONTENT WILL APPLY TO YOUR SITUATION. DO NOT MAKE DECISIONS SOLELY BASED ON ITS CONTENT. REIFYNET LLC DOES NOT OFFER LEGAL, ACCOUNTING, OR ANY OTHER PROFESSIONAL ADVICE, AND NO MORTGAGE, NO NOTE, OR ANY FORM OF FINANCING IS OFFERED. EACH PERSON'S SITUATION IS UNIQUE AND YOU SHOULD SEEK THE COUNSEL OF A QUALIFIED PROFESSIONAL. ALL SERVICES OFFERED ARE AVAILABLE IN TEXAS ONLY.
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