We buy houses in Norcross Georgia (Gwinnett County), and provide homeowners with the ideal way to sell their homes fast by offering cash for houses in Norcross GA. While the real estate market is rebounding, many people in Norcross GA 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 stop foreclosure in Norcross GA. It’s important to remember that moving quickly is absolutely paramount and could save your credit rating and your property.
The Keys of How to Avoid Foreclosure in Norcross GA
Don’t Abandon Ship in Norcross
Many people simply give up and walk away from their homes. There are even areas of Norcross GA that 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 a 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 you for the unpaid portion.
While it’s extremely stressful, you do have options to prevent foreclosure in Atlanta:
Negotiate with your GA mortgage lender
Banks and other financial institutions are well aware that citizens of Norcross GA 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 in Georgia
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 to refinance an adjustable-rate mortgage into a low-interest, fixed-rate loan. Both of these programs are subject to eligibility requirements.
Sell My House in Norcross GA
We understand that the possibility of losing your home can be stressful. You aren’t alone. Citizens all over Norcross GA 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 in avoiding and handling foreclosure. We buy houses in Norcross, GA and are a local and home buyers. Connect with us today and let’s discuss your situation. We don’t charge any fees. We’ll evaluate your situation and present you with your options so you can move forward and get this foreclosure process behind you.
You can also directly sell your house in GA to us to avoid any hassle that will come along the way and move on with your life.
Give us a call anytime at (678) 710-6130 or
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Greg Kurzner, is CEO of Resideum, Atlanta’s Professional Homebuyer company. Greg has been a force in Atlanta real estate for over 30 years. He has been involved in the sale of over 1 Billion in real estate transactions in his career and his Atlanta real estate brokerage consistently ranks #1 in sales by units by Atlanta Realtor Association. In addition to Greg being a licensed real estate broker, he is also a licensed general contractor and a nationally-recognized expert in investment real estate.