Devastating is the only word to describe the fear and stress that come from a foreclosure. While most moves are stressful, nothing comes close to the stress of a foreclosure. Only a serious illness, or the loss of a close family member ranks in the same category as the loss of the family home.
A homeowner is in default one day after the loan payment is due, although there is usually a grace period of 15 days on the payment. The loan is still in default the minute it is one day late.
While some homeowners have little warning that they will face financial difficulties, more often than not, they can see the crisis on the horizon. As soon as financial stress is looming, which is sometimes prior to the first missed payment, is time to ask for help from a qualified and trained real estate professional. This is not the time to put your financial future into the hands of an agent who is not experienced or trained in dealing with lenders to avoid foreclosure. TeamCox Realtors has the knowledge and training in how to work with the homeowner to identify options other than foreclosure.
The options we can help you identify are:
Loan Reinstatement
Forebearance or Re-payment plan
Sell your Home
Rent your Home
Refinance
Loan Modification
Short Re-finance
Deed in Lieu of Foreclosure
Bankruptcy
Service members Civil Relief Act (SCRA)
Short Sale
It is imperative that you contact us as soon as you foresee a problem in making your mortgage payment.
Homeowner Options
Devastating is the only word to describe the fear and stress that come from a foreclosure. While most moves are stressful, nothing comes close to the stress of a foreclosure. Only a serious illness, or the loss of a close family member ranks in the same category as the loss of the family home.
A homeowner is in default one day after the loan payment is due, although there is usually a grace period of 15 days on the payment. The loan is still in default the minute it is one day late.
While some homeowners have little warning that they will face financial difficulties, more often than not, they can see the crisis on the horizon. As soon as financial stress is looming, which is sometimes prior to the first missed payment, is time to ask for help from a qualified and trained real estate professional. This is not the time to put your financial future into the hands of an agent who is not experienced or trained in dealing with lenders to avoid foreclosure. TeamCox Realtors has the knowledge and training in how to work with the homeowner to identify options other than foreclosure.
The options we can help you identify are:
Loan Reinstatement
Forebearance or Re-payment plan
Sell your Home
Rent your Home
Refinance
Loan Modification
Short Re-finance
Deed in Lieu of Foreclosure
Bankruptcy
Service members Civil Relief Act (SCRA)
Short Sale
It is imperative that you contact us as soon as you foresee a problem in making your mortgage payment.