If you’re facing the possibility of foreclosure in the future, perhaps you are wondering can you get your house back after foreclosure in Atlanta. After all, you need a place to live! Unfortunately, after the court rules in the favor of your lender and agrees with the lender to proceed with foreclosure, it is very hard for you to get your house back. Therefore, it’s imperative to get out ahead of the foreclosure process so you don’t end up losing your home with no way of getting it back. Read below to find out more if you’re worried about your home foreclosing.
Instead of wondering can you get your house back after foreclosure, here’s another option…
The good news is, if you’re not in foreclosure yet, you have options.
The first and best option is to pay off your mortgage or work out a payment plan with your lender. They’ll prefer to keep you in your house and instead just collect the money owed to them. Sometimes, this is the best place to start off at. In the end, the banks do not want to deal with the headache and uncertainty of a foreclosure if they can keep you in the home and continue to make money off of your mortgage. In most situations, it’s not financially responsible for the banks to just foreclose on the home. There can be a lot of costs associated with going this route, so they try to avoid it the best they can. However, you might be well past this option as this should be done within the first missed payment or two, well before any notice has been sent indicating an immiment foreclosure.
If you’re past speaking with the bank and trying to renegotiate a new payment plan, then you may decide to do what a lot of homeowners do when they are asking themselves “can you get your house back after foreclosure in Atlanta” : Sell your home before the home is foreclosed upon and pay the lender what is owed to them.
While not an ideal option (because you’ll have to give up your house), it’s still a preferable option to foreclosure. If you’re at this particular part of the process, where you know foreclosure is going to happen, then you need to sell your home quick so you can clear up your debt to the bank and you won’t have the long-term impact to your credit score that a foreclosure would have (and trust us, you don’t want this negative impact on your credit due to a foreclosure).
This option is proactive and long-term, which is why homeowners facing foreclosure love it: it’s proactive because you’re taking control of your financial situation; it’s long-term because you’re accepting the short-term discomfort of selling your home in exchange for the long-term benefit of a better credit rating. Now, there are two routes here to take. One, get with a Realtor that can help chat with the banks and get you going quickly with a potential off-market sale. We suggest speaking with Chris Hassler as he has lots of experience with this and can definitely point you in the right direction. He will even sit down with you to see what the option of selling off-market quickly will look like vs. if you just go to a company and sell directly to them. If you have the time, speaking with a licensed Realtor will be worth it because, even though you’re in a bad situation, you still want to try and make the most possible on the sell of your home. If you have several weeks or a month, you could easily go off-market and potentially find better offers than just going to a home buyers. But…
Here’s a secret to selling your Atlanta area home fast so the bank can’t take it
You could work at trying to find a buyer to take your home. However, a faster and easier option if you’re asking yourself “can you get your house back after foreclosure in Atlanta” is to find an investment firm that buys houses as-is for cash, fast. Instead of choosing an agent to help you find the best deal out there for your almost-foreclosed home, there are many professional home buyers out there that will buy your home quickly. Companies like ATL Cash Home Buyers will buy the house from you at a reduced price, and very quickly. We can even go through the same option laid out above in speaking with an agent as we have one on staff. We understand fully that you’re on a time crunch and in a bad situation. Let us help you get out from under the bank’s thumb and get you back on top.
Simply fill out our form and tell us about your house, or just call us at 404-439-9984 and let us know that you want to sell fast.
