GET STARTED | Get Your Fair Cash Offer Today

  • This field is for validation purposes and should be left unchanged.

How to Avoid Foreclosure in Smyrna

While the housing market is rebounding, many people in Smyrna] are still struggling to make their mortgage payments.

If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose.

Thankfully, there are a number of things that you can do to avoid foreclosure in Smyrna. It’s important to remember that moving quickly is absolutely paramount, and could save your credit rating and your home.

So lets dive in on a couple quick tips on possibly how to avoid foreclosure in Smyrna with your home.

The Keys of How To Avoid Foreclosure in Smyrna Don’t Abandon Ship

Many people simply give up and walk away from their home. There are even areas of Smyrna have begun to resemble ghost towns, as the economy has impacted residents significantly.

Detroit is a prime example of what can happen when people abandon their homes.

This can be stressful situation, but it’s extremely important to keep your wits about you. A foreclosure will have a huge negative impact on your credit score, and likely prevent you from purchasing a home for years to come. If you sell your home, you could leave a portion of the loan unpaid, and the lender could pursue legal action against your for the unpaid portion.

While it’s extremely stressful, you do have options:

Negotiate with your mortgage lender. Banks and other financial institutions are well aware that citizens of Smyrna are struggling. If you haven’t missed a payment yet, you may have some leverage to renegotiate the terms of your loan. Banks don’t like foreclosing on homes, and many will work with you if you aren’t too far behind. You may be offered forbearance, or even a full loan modification.

Ask for help from Uncle Sam. Over the last five years, the federal government has implemented a number of programs to help struggling homeowners. The Home Affordable Modification Program (HAMP) allows struggling homeowners to modify their loans, reducing monthly payments. The Home Affordable Refinance Program allows homeowners who are current on their mortgage payments refinance an adjustable rate mortgage into a low-interest, fixed rate loan. Both of these programs are subject to eligibility requirements.

We understand that the possibility of losing your home can be stressful. You aren’t alone. Citizens all over Smyrna are going through the same troubles. Foreclosure can have a lasting effect on your financial life, and it’s important to move quickly and take advantage of any options available. You could save both your credit rating and remain in your home.

We may be able to help you avoid foreclosure… connect with us today and lets discuss your situation. We don’t charge any fees… we’ll evaluate your situation… and present you your options so you can move forward and get this foreclosure behind you.

Give us a call anytime at (470) 333-7363 or
fill out the form on this website today! >>

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

Get An Offer Today, Sell In A Matter Of Days...

  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *

Owner Information

Property  Copy Address 
Address:
City:
State/Prov:
Zip/Postal Code:
County:
Owner Information
Name 1:
Address:
City:
State/Prov:
Zip/Postal Code:
Contact Information
Home Phone:
Work Phone:
Mobile Phone:
E-mail Address:
Receive SMS Notifications:
 

Property Information

Property Type:
Square Feet:
Year Built:
# Bedrooms:
# Bathrooms:
# Stories:
Current Value:
Value Method:
Auction Date:
What would be the least you would accept if we could close within the next 7 days or a date of your preference?
Garage:
Pool:
Lot Size:
Waterfront:
Property Listed:
For How Long:
List Price:
Condition:
List Of Repairs:
Reason For Selling:
Asking Price:
How Did You Hear About Us?
 

Mortgage Information

1st Mortgage
Lender:
Loan Balance:
Interest Rate:  
Monthly Payment:
Age of Loan :
Payments Current:
Amount In Arrears:
 
Other Liens/Payments
HOA Fees:
Condo Assoc Fees:
Special Assessments:
Property Taxes:
1sts Lien Name:
1st Lien Amount:
2nd Lien Name:
2nd Lien Amount:
2nd Mortgage/HELOC
Lender:
Loan Balance:
Interest Rate:  
Monthly Payment:
Age of Loan:
Payments Current:
Amount In Arrears:
3rd Mortgage/HELOC
Lender:
Loan Balance:
Interest Rate:  
Monthly Payment:
Age of Loan (Yrs):
Payments Current:
Amount In Arrears: