As a homeowner, you know that there can be many unexpected events that can lead to financial difficulties. Dealing with the foreclosure of your property isn’t a situation anyone wants to be in. The stress, the costs, and the headaches can get overwhelming fast. If you are worried about losing your house to foreclosure in Durham, here are some solutions Jiffy Offer can offer you to help save your credit, your pride, and your bank account!
We Can Buy Your House Out Right
The fast and easiest way to get the bank off your back is to sell your house fast. With a direct sale to Jiffy Offer, you will be able to sell your house quickly, as-is, and without the costs and stress of the MLS. We pay great prices for houses in the Durham area and have the ability to close at your convenience. Jiffy Offer can also help you determine if a listing makes better sense. Either way, we are happy to answer any questions you have about the process.
We Can Help You List Your House
Listing is another great option for selling your Durham home that Jiffy Offer can offer you. As hybrid agent/investors, our team offers unique solutions to handle any difficult property or situation. We’ll help you run the numbers to ensure a traditional listing is in your best interest. While Jiffy Offer works with some of the best agents in town, a traditional sale can take some time. If you are facing foreclosure, a direct sale may be the option you wish to explore first.
We Can Rent the Home Back to You
Are you dealing with an impending foreclosure, but don’t want to have to move right away? When you work with Jiffy Offer, you will be able to avoid foreclosure and stay in your home! We work with homeowners who need to sell their properties quickly, giving them a great offer and the ability to stay right where they are. We can rent the house to you for a great price, allowing you to both collect a check for the sale of your house and stay where you are. Many homeowners utilize this option to work out their finances while looking for the perfect new property to call home.
Other Options Available to You…
Loan Modification: Homeowners can explore the possibility of modifying their existing mortgage terms with their lender. This may involve negotiating for a lower interest rate, extending the loan term, or adjusting the repayment structure to make it more affordable.
Refinancing: If the homeowner has sufficient equity in their property and a good credit score, they may be able to refinance their mortgage to obtain a lower interest rate or switch to a more affordable loan.
Repayment Plan: Homeowners can work with their lender to establish a repayment plan that allows them to catch up on missed payments over an extended period. This plan typically involves adding a portion of the past due amount to each regular monthly payment until the arrears are fully paid.
Forbearance: If the homeowner is experiencing temporary financial hardship, they can request a forbearance agreement from their lender. This agreement allows them to temporarily suspend or reduce mortgage payments for a specific period. However, it’s essential to understand the terms of the forbearance agreement, as the missed payments will need to be repaid eventually.
Short Sale: In a short sale, the homeowner sells the property for less than the outstanding mortgage balance with the approval of the lender. This option can help homeowners avoid foreclosure and minimize the impact on their credit, although it may still have some negative consequences.
Deed in Lieu of Foreclosure: This option involves voluntarily transferring ownership of the property back to the lender to avoid foreclosure. It can be an alternative when other solutions are not feasible or have been exhausted. Homeowners should be aware that this may impact their credit as well.
Legal Assistance and Counseling: Homeowners facing foreclosure should consider seeking legal advice or housing counseling services.
Facing foreclosure in Durham? The process can be a stressful and overwhelming experience for any homeowner. Take solace in knowing that you are not the first nor the last to be in this situation. We have a team of experts who can guide you through every step of the way and ensure that you receive the best possible terms. Reach out to Jiffy Offer to help discover the solution that is best for you. We will make you an offer now! Call us today for more information. (919) 324-0891