Stop Foreclosure On Your House in Saginaw and Midland Counties

Don't lose your equity and ruin your credit. Learn how to stop the foreclosure.

Facing Foreclosure?

Has your ARM reset to a rate you can't afford? Have you experienced some sort of financial setback? Are you a veteran facing foreclosure in Saginaw and Midland Counties?

Don’t worry - you don't have to allow your home to be foreclosed on. I have a fast solution to your problem! In this article you will learn how to stop home foreclosure proceedings, how to avoid them and how to get help from the government, including help for veterans. We will closely look at all processes and help you get back on track fast.

But first thing’s first.

What is foreclosure?

Foreclosure is an auction which occurs when the homeowner fails to pay the mortgage. If there's no bid at an auction, the home then belongs (by default) to the lending institution.

Types of foreclosure

Zillow identifies two types of foreclosure - judicial and non-judicial

Judicial Foreclosure:
  • A civil lawsuit is formed against the borrower.
  • Everything is handled by the legal court system.
  • A notice of pendency is performed.
  • The court agrees or disagrees on the lender’s decision of foreclosure.
  • The notice of sale is published.
  • The process takes from 4 to 8 months.

Non-Judicial Foreclosure:

  • A sheriff's deed conveys an interest in the real property to the highest bidder.
  • The lenders attorney is able to begin foreclosure.
  • Notice of Default is published in the newspaper and the borrower is given a deadline to repay what he owes, bring the loan current or object.
  • A Notice of Sale is published and the auction is scheduled.
  • The process takes up to 12 months.
  • Michigan allows a 6 month redemption period. This period can be shortened to 30 days, if the home is deemed "abandoned".
  • At the end of the redemption period, the lender can evict the occupants.

How to avoid foreclosure?

If you have current difficulty in paying your mortgage, contact your loan servicer immediately. Federal Deposit Insurance Corporation states that you have to make sure you work directly with your servicer or counseling agency. Offers which are too good to be true are usually a scam. Stay safe and trust only reputable services.

You should also carefully study your budget - track your expenses and see which spendings you can minimize.

How to get help from the government

U.S department of Housing and Urban Development presented several programs, implemented recently, which will help you avoid foreclosure. The list includes Making Home Affordable © (MHA) Program. Its strategy is to "help homeowners avoid foreclosure, stabilize the country's housing market, and improve the nation's economy." Companies like Federal Deposit Insurance Corporation also work towards helping you make easy and affordable repayments to your home.

Avoid foreclosure and get fast cash for your Saginaw and Midland Counties house. We can make you a fair cash offer within 24 hours!

How to stop foreclosure?

UAC (Urban Affairs Coalition) created a Resource Guide which will help you stop foreclosure. The guide features up-to-date information on how to avoid and stop you from losing your home.

Here are some tips on how to stop foreclosure:

  1. Contact the lender as soon as possible.
  2. Consider loan modification, a repayment plan, a reinstatement, forbearance and any other options available to you.
  3. Refinance your loan.
  4. Sell your home.

If the fourth option seems the best, you’re in for a treat. I buy houses fast and for cash. Within 24 hours of filling out the form you can have a cash offer in your hand. Not only do I pay cash for houses, but I can take that house off your hands in just a matter of days!

Help for veterans

I buy houses all over Saginaw and Midland Counties, MI, so in most cases I can reach out to you on the same day you submit the form. I understand the difficulties of being a veteran and foreclosure is the last thing a veteran needs. But I’m ready to make your life a lot easier. Get your quote and sell your house today. The fastest service you can reach me at is my phone: 989-430-0099

Testimonials: Click here to read testimonials from some of our customers

Get a Cash Offer Within 24 Hours

Lucky for you, we buy houses in Saginaw and Midland Counties. We work fast to get you a no-obligation cash offer for your house quickly.

Our customers comment all the time about our soft approach. If you are not completely satisfied with the offer we make to buy your house, you don't have to accept it. No charge. No fees.

We'd love to talk to you today about the house and your situation. We're here to help even if you decide not to sell your house.

Give us a call at 989-430-0099 or fill out the form below to get started. We look forward to talking with you.

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