In a few words, a legal process called foreclosure begins when homeowners stop or default on paying on their mortgage. On the other hand, the lender can force the auction or sale of the property to be able to recover the balance of the home loan.
This legal procedure can occur if a homeowner stops making the payments due on the house or any property. But how long does it take to go through the foreclosure process? Many lenders won’t begin the process until you have various missed payments. Even though they have all the rights to proceed after the first one, usually it takes around three to six months of missed payments or fees.
You also have to keep in mind that your house is legally still owned by the mortgage lender or the bank if you have a mortgage. This is the reason why they have all the rights to take it back if you are not making all the necessary payments.
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Moreover, any property behind in payments or already in foreclosure is on a slope of falling into the massive inventory of bank-owned foreclosures. Savvy vulture investors find out immediately when you fall behind and try to take advantage of your current issue and take your home away.
The real truth is, the longer you wait to act, the more pressure builds up on your negotiating power, and if you don’t do anything about it, you will eventually run out of options and lose the house to the bank.
Combine this situation and listing your home with an agent who only puts a sign in the yard and enters it in the MLS, and you have the perfect setup for failure. You truly cannot afford a wait-and-see attitude but need to work with a pro-active direct buyer as soon as possible.
There’s no question that no homeowner wants to go through foreclosure. Regrettably, this common issue affects a vast quantity of homeowners every year in the USA.
At Wyohouses, we are ready to help! We work with a team of experienced negotiators who are closing our deals on time and specialize in creating win-win solutions for even the most hopeless foreclosure victim.
We have solutions to stop foreclosure now in the entire Wyoming, Wyoming, and surrounding areas.
The majority of homeowners are not aware of the options available when they are going through foreclosure, and it is undoubtedly not their fault. Nevertheless, not all the foreclosures necessary have to end in the homeowner losing their house.
In different cases, homeowners may be able to stop the foreclosure process. However, if you are still not in foreclosure but you are surely heading there, we can help you avoid that tedious process.
Last but not least, if you are going through the hard and frustrating process of foreclosure, we got you covered. At Wyohouses, we are willing to buy your home even if you could not afford all the required payments.
This was my first time using a sell-as-is service and I was definitely nervous about it but Casey made this process as easy as it could be. Very responsive to any question I had and very accommodating to my schedule. I would definitely recommend wyohouses to anyone.
Positive: Professionalism Casey was very easy to work with and responsive to questions as the process moved forward. He delivered on the agreed-upon contract. We were very pleased with the overall process.
It was an absolute pleasure to work with WyoHouses. They were patient, courteous, and friendly. I had to sell my grandmother’s house and it was a mess. They provided a fair offer and quick closing, relieving my family of that headache. I would definitely work with them again and recommend them to friends.
Thank you Blake at WyoHouses for taking good care of us, he listened well was able to solve our problems giving us a fair offer on our property.
We are a local real estate company with deep Wyoming roots.
The reason we are Wyoming’s number one home buyer is because we do things right, focusing on integrity and building quality relationships within our community. Our number one goal is always to find honest solutions to homeowners problems, whether that be selling quickly or just making selling your property hassle free.