After only a few missed mortgage payments, you may be facing the possibility of foreclosure. There are a few steps you can take to prevent this:

  • Loan modification: You can request a loan extension or a decrease in interest payments. These modifications can help you make your payments more manageable, as well as keep a foreclosure off your credit report.
  • Forbearance: This option allows you to reduce your payments or suspend them briefly while you get your financial situation in order. While this can buy you time, it often means you will need to arrange additional payments that can cause further financial struggle.
  • Bankruptcy: Declaring bankruptcy will legally stop a foreclosure process, but it may or may not help you avoid a foreclosure in the end. Many people still owe money after their house is sold if the sale doesn’t cover all the costs.
  • Selling: You can sell your home before you are too deep in the foreclosure process. We can help.

For many, selling a home is the best way to keep their credit score intact and avoid a foreclosure. If your home does not need any major repairs, you may be able to enjoy success with a real estate agent. However, if your home is not in great shape, the time and money needed to list it and fix it may not be worth it. We are here to help. Selling your home to Utah Home Investors guarantees a quick sale, and we pay in cash.

We can help you get out of this situation without it damaging your credit score. Reach out to our team now and tell us about your house. We’ll offer you a fair price.