If you may be looking at foreclosure of your Kansas City house, you might be wondering if you could ever get your house back. You have to live somewhere right?!
Once you go through the foreclosure though, meaning an official court order has been issued in the lender’s favor, it is very difficult to get your property back.
Rather than trying to get your Kansas City house back after foreclosure, there’s a better option…
The good new is that if the home hasn’t been foreclosed on yet, you still have options…and time.
The first and best option is to pay off your mortgage or work out a payment plan with your lender. Lender’s will actually work with you and would prefer that you stay in the home, making your payments, than foreclosing.
If you can’t work something out with the lender, or just pay off the property, then your best bet is to do what most people do in this situation: Sell your home before the home is foreclosed upon and pay the lender what is owed to them.
Obviously, this isn’t the ideal outcome for you because you’ll have to give up owning the home. But it is way better than getting foreclosed on. Foreclosure will hurt your credit, and prevent you from getting another home in the future, even after you resolve the money issue.
This option is proactive and long-term, which is why homeowners facing foreclosure love it: it’s proactive because you’re taking control of your financial situation; it’s long-term because you’re accepting the short-term discomfort of selling your home in exchange for the long-term benefit of a better credit rating. Imagine the relief you’ll feel once you’re back in control, and especially once you solve this pickle.
Here’s a secret to selling your Kansas City area home fast so the bank can’t take it
You could work at trying to find a buyer to take your home. However, a faster and easier option is to find an investment firm that buys houses as-is for cash, fast. Instead of spending all of your time and energy trying to locate a buyer, there are many companies that can do this for you. Companies like Green Sparrow Properties will buy the house from you at a reduced price, and very quickly.