Need to Avoid or Stop California Foreclosure? We Can Help
If you need to stop California foreclosure, it simply does not discriminate, whether it be San Diego, Los Angeles, Orange County, Bakersfield, Sacramento or San Francisco. With that said, avoiding or stopping foreclosure is a tricky situation to navigate. First off, it is crucial to watch out for bad or false information or scams on the web. A lot of them can result in far worse problems if you don’t know what to look for. One of the most important aspects of stopping foreclosure is the time frame and how the California foreclosure process works.
NOTE: This is a general California Foreclosure timeline. Banks may have varying procedures and timelines for mortgage loans and most typically have a backlog which can push the timeline out further. With that said, the foreclosure process may be slower or faster depending on your bank and loan. More information on California Foreclosures.
California Foreclosure Standard Process
Facing California Foreclosure Really Comes to 3 Options
The first real decision to make is an important one. You need to be 100% honest with your situation and clear about your intentions. Is the goal to save your house? Or have you reached the conclusion that the payments are too much and it is time to move on? Above all, this will allow you to pursue the best course of action moving forward. Therefore, if you are in the unfortunate California foreclosure situation, we are here to help. If you want to stop foreclosure in California by selling your home now, Asher Buys Houses will provide a fair, cash offer to stop foreclosure.
Creative Options to Stop California Foreclosure
Sell For Cash
The first and simplest option is to sell your California foreclosure property to Asher Buys Houses for a competitive all-cash offer. If there is enough equity in the property, we can make this happen and close in as little as 7 days. This is one of the foreclosure solutions we provide for California homeowners navigating through the difficult process. The best part? We buy houses for cash regardless of size, condition, needed repairs or location.
While a traditional selling method will take anywhere from 3-9 months or more, selling to a trusted cash home buyer closes quickly. In short, most California foreclosures do not have time for the traditional selling method. However, we have the cash on hand and will make a fair all-cash offer within 24 hours in most cases.
Sell For Cash – Then Rent Back
Most cash home buyers will not even consider this an option, but at Asher Buys Houses, we think differently. If you are facing foreclosure in California and don’t have the means to catch up on payments, but want to stay in your home, this solution may be for you. If financial hardship is extreme, this foreclosure solution may not work out. However, we will craft a solution with competitive and fair market rental rate for a short or long-term stay.
Why would someone in foreclosure consider this creative option? Perhaps it is just financial difficulties with foreclosure, or a rough divorce, but no matter the situation, we are here to help. The best part of this foreclosure solution is that you get cash from selling and then stay in your home at a fair, agreed rental rate.
Sell For Cash – Rent Back With Option to Purchase
These situations happen and Asher Buys Houses has the solution. This option is for homeowners facing foreclosure that do not want to move and hope to purchase it back. Whether a long-term or short-term rental, we can help with an option to purchase the home back at a pre-determined price.
This creative solution allows the homeowner to sell quickly for cash, keep living there, and eventually purchase it back. When the time is right, buy it back for lower than market value to save more of your earned equity. It is the perfect solution for homeowners that feel their current position is a temporary and will be ready in the future. It truly is a Win/Win for all parties, especially with an agreed upon rent and buy back price.
Sell Your Property In A Negotiated Short Sale
Our fourth creative solution is for Homeowners that owe more on their house than it is worth. It is also for owners scrapping to keep up with mortgage payments from an adjustable interest rate. If a homeowner is facing an impending foreclosure and having financial distress, this is a solid solution. Asher Buys Houses can potentially help sell your home in short sale by negotiating a settlement with your bank.
Unfortunately, this is a very common situation in the San Diego area. Our short sale experts are here to help and have years of negotiation experience. While options are limited for California homeowners, AsherBuysHouses.com knows each situation justifies a custom solution because every circumstance is unique.
Final Stop California Foreclosure Tips
First, don’t feel that you are alone. Thousands of homeowners face foreclosure in California each and every year. You will not be the first or the last to navigate through a California foreclosure. The best thing to do is stay proactive and do not wait until the last second to do something about it. Get started early so you can learn about realistic options that may save your home and your credit as well. Failing without attempting to stop California foreclosure will result in 10 years of frustration. Obtaining a loan for a car, getting a credit card or securing a house loan will be hard. To make things worse, a lot of employers will look at credit scores to determine who is the best candidate for the job.
Again, the best thing to do to stop California foreclosure is self-education regarding your options. Typically selling the property is best in most cases, but knowing there are other potential options will help make your decision. If you are facing foreclosure and need help, give us a call at 619-800-1376 or fill out the form below. We would be honored to help out.