If you’re struggling with a potential foreclosure, you still have options. A foreclosure lawsuit is usually the last step in a mortgage company’s attempt to resolve your payment issues. Even if they do file, you’ll have a chance to settle your differences before your case moves forward. Selling your home is another option. You stop the threat of legal action and eliminate one of your biggest debts.
Before you make a final commitment, it’s important to consult your mortgage company and your legal representative. Both can provide valuable insight as to your legal and non-legal alternatives. Consider the following information while you contemplate your decision.
Executive Order 7X & The CARES Act
Governor Lamont’s Executive Order 7X contains several provisions to assist homeowners who are dealing with COVID-19-related hardships. To avoid foreclosure, the order places a 60-day moratorium on court foreclosure actions. The governor also reached an agreement to implement temporary mortgage relief measures with over 50 banks and mortgage companies that hold non-federal loans.
The Coronavirus Aid, Relief, and Economic Security Act (CARES) provides a relief package for homeowners with federally-backed mortgages. Benefits include 180 days Mortgage Forbearance, temporary credit protections, and relief from certain fees. Homeowners may qualify for additional financial assistance after the temporary relief period expires.
Connecticut Foreclosure Mediation
The court foreclosure mediation process has been available to homeowners since 2008. Once the mortgage company files a foreclosure suit, you can request mediation. If you qualify for the program, a neutral mediator works with you and your mortgage company to reach a mutually agreeable arrangement. You can still avoid foreclosure by working through this process.
Selling Your Home Eliminates the Debt
Moratoriums, payment deferments, and other solutions work well if your economic disruption is temporary. When you know your financial problems will continue beyond these brief timeframes, selling your home is a better solution.
If you need to take immediate action to avoid foreclosure, traditional real estate channels don’t always work. The conventional real estate process takes time, energy, and upfront cash for repairs and upgrades. You must then list your home, market it, and wait for the right offer. Even if you prepare your home in record time, you have no guarantee if and when you will find the right buyer.
We Will Buy Your Home Fast
Selling your home is a permanent way to avoid foreclosure, but timing is critical. At Next Level Home Buyers, we eliminate the delays because we buy your home fast. We offer a Fast & Fair process that allows you to simply walk away from your mortgage problems.
- First, we evaluate your home.
- Second, we make you an offer.
- You accept.
- We buy your home As-Is.
- We close in as few as 7 days.
Contact Next Level Home Buyers
Dealing with a foreclosure is time-consuming and stressful. We are pleased to offer you another choice. If you want to sell your home fast, call us at 860-368-0343 or complete our contact form. We’ll tell you more about our Fast home-buying process.
WE BUY HOUSES IN ANY SITUATION:
-
Trouble Selling
-
Behind on Payments
-
Owe Taxes
-
No Equity
-
Disability
-
Bad Tenants
-
Pre-foreclosure
-
Listing Expired
- Death of a loved one
- Liquidating assets
- Inherited property
- Job loss
- Bad mortgage
- Bankruptcy
- Medical Bills
- Extensive repairs
-
Retiring
-
Judgments
-
Structural issues
-
Relocation
-
Bad neighborhood
-
Downsizing
-
Divorce
-
Liens
-
Code Violations
-
Fire Damage
-
Condemned Property
-
Ugly House
-
Environmental Issues
-
Title Issues
-
Hoarders
-
And More
Need To Sell Your Home Fast? Expensive Holding Costs?
Learn More About Our Fair & Fast Cash Buyout
At Next Level Home Buyers, we buy homes regardless of the condition. If you can’t wait months to sell your home and you don’t want pay a huge real estate commission, complete the information form below or call us at 860-368-0343.