The best way to avoid foreclosure in Glendale AZ is to ensure that you keep paying your mortgage on time. However, this is easier said than done because people get into different financial situations that lead to them falling behind on their payments and may eventually lead to Glendale foreclosures.
If this is your current situation, and paying is hard, or impossible, let your lender know. You may be able to save your house from being a member of the foreclosed homes in Glendale, AZ.
Lenders encourage borrowers to contact them immediately they miss a payment or when they think they may have trouble making their payments. This step alone can save your property from joining the list of foreclosed homes in Glendale AZ because your lender can discuss options that may help you based on your individual circumstance.
Glendale AZ foreclosures are not only difficult for you. They’re time-consuming, difficult, and expensive for lenders too. Averagely, it is stated that lenders spend about $40,000-$50,000 during foreclosure. So they would rather work with you who’s in financial trouble to find ways out.
What options are available if you are facing a Foreclosure in Glendale AZ?
Some of the options available for borrowers that the lender may discuss include a payment suspension, (many homeowners used this to help borrowers during the COVID pandemic), modifications, and adjustments of the loan terms which include ways to address missed payments and other charges. Extending the term of payments and reducing your interest rate, alongside other programs may be other options you should consider looking into.
However, if you can’t afford your mortgage and you do not mind downsizing or looking for more favorable accommodation options, what you need to do is sell your house, and we have a great secret for you on how you can easily do that at the end of this post.
You may choose to sell the house via the homeowner route but this way, the bank takes what’s owed on the mortgage, and if there’s anything left, you’ll be given the balance. With us, you get full cash for your house and you need not make any repairs on the house because we buy as it and we are direct so there are no fees or commissions.
We’ll explain more about this at the end of this article.
Another option available to people experiencing Glendale AZ foreclosures is a Glendale short sale, where the homeowner sells the house for less than they owe the bank, and the bank either forgives the balance or files a deficiency judgment against the homeowner.
Let’s talk some more about a foreclosure…
Foreclosures are bad news because they dramatically affect people’s credit scores. Credit scores can be lowered drastically after a short sale or a foreclosure. The amount of points that your credit score can drop varies depending on factors like the previous credit score.
You can stay a step ahead of foreclosure by getting in touch with your lender the moment you are aware that you have difficulty making payments. They may be able to help you avoid joining the lit of foreclosure homes in Glendale AZ by negotiating a new repayment plan or even a mortgage loan refinancing that will work better for you.
Different states have different rules on how foreclosures work, including how long you’re allowed to stay in the house once they begin proceedings. A foreclosure in Glendale AZ will generally follow the rules laid out for how foreclosures are carried out in Arizona.
Selling your home in Pre-foreclosure with Tgaz investments LLC
Another way to be a step ahead of your impending Foreclosure in Glendale AZ is to sell your house for cash before it’s too late. We can buy your house from you as is and save you thousands of dollars in extra fees and unnecessary closing costs. We also ensure a fast close.
If you want to move somewhere else and need to sell off your house and get cash quickly, or you foresee a difficult financial situation and feel that selling your house may be the best option to get you out of it, then you should get on the phone with us immediately.
We are direct so no fees or commissions will be required from you.
We guarantee a fast and stress-free sale process and there are no inspection or appraisal contingencies.
If you are facing foreclosure in Glendale AZ, then you should know that foreclosure is a very long process. It can take months to get from that first point of financial difficulty to the point of eventual foreclosure. It’s best to avoid it if you can. We can help you through foreclosure by buying your house from you. We buy as-is and you do not need to make repairs. You will also get everything in writing and understand how we work.