Are you facing foreclosure?

Statistics say that 1 in 4 homeowners will experience a delinquency leading them to default on their mortgage loan this year.

The most important thing you need to know is that you still have options, but you have to ACT FAST!

Many people facing foreclosure simply do nothing and hope for a miracle. Don't fall into that trap!

Some homeowners seek advice from a lawyer (and why not - a lawyer is supposed to have all the answers, right?). Maybe, but then maybe not!

Some homeowners act on their lawyer's advice and file for bankruptcy thinking that all their problems are now solved. Bankruptcy does put a hold on everything, yes, but all it buys you is a little time. The end result is almost always allowing the property to go to auction, and you now have a bankruptcy in addition to the foreclosure on your credit report.

In almost ALL cases, the best thing for a home owner to do when in foreclosure (assuming that the home owner's loss of income is not temporary), is to SELL THE PROPERTY!

Interested in knowing how Schwind Realty & Development can help you avoid foreclosure?

Schwind Realty & Development can help stop the Sheriff's Sale and Foreclosure Process by a number of methods.

1. Helping you Sell your Property & Finding the right Buyer

You can sell your property; however, you will have to get enough profit from the sale to pay off all the mortgage debt, as well as the closing costs and the five percent Real Estate Broker's fee. Of course, then you will need to find another home.

2. Helping you find an honest mortgage broker who will refinance your home

You can refinance your home and pay off the mortgage, however, often times lenders are unwilling to work with you unless you have at least 30% or more equity in your property. Many times lenders are unwilling to work with someone who has a foreclosure on their credit report.

3. Buying your property from you.

If the Sheriff’s sale date on you foreclosure is looming, there might not be enough time to list your property & wait for someone to buy it. In certain instances, Schwind Realty & Development can buy the property from you. We can then either find you another place to live, or you can continue to live in your home while renting it from Schwind Realty & Development. 

For more information on how to avoid foreclosure click here to contact us.