How to Sell My Foreclosure Home in Chicagoland
If you have recently lost your job, going through a major life change or other hardship, or you are in financial peril, you may fall behind on your mortgage payments. If you fall far enough behind, your home can even face foreclosure. This is less than ideal for a number of reasons, the biggest of which is the damage to your credit rating. By extension, your ability to purchase a home, car, or similar big ticket item can be severely impaired, not to mention the potential tax implications. Consider the stress, both emotional and mental, that can accrue as a result.
If you are here, odds are you’re behind on your mortgage and nearing default, or your home is currently in foreclosure. You are likely wondering what you can do to alleviate the financial burden. There are plenty of options available to you beyond repayment plans, forbearances and loan modifications. If you live in the Chicagoland & Naperville area, there is only one company that
You’re likely here because you’re either under water with your house payments and you’re nearing default or you’re currently in foreclosure—and you’re wondering what, if anything, you can do. If you’re unable to negotiate a repayment plan, forbearance agreement, or loan modification, you might be surprised to know that you still have options.
Stop Foreclosure, Sell Your House for Cash to Tony Buys Homes
The first potential option is a short sale, which is essentially where you sell your home and the money goes to the bank. You may sell your home right up until the point that the bank takes possession or it is sold at auction, but a short sale comes with considerable risk. If the profit from selling your home does not cover your current mortgage, the difference may have to come out of your pocket! Be sure to get permission to undertake a short sale from your mortgage lender, as it is vital to have an agreement in place that will forgive the balance if the sale price comes up short. Even though the short sale may not be their preference, many banks and mortgage lenders will choose it over a lengthy, oftentimes expensive foreclosure. There is no time to waste, as you could be dealing with added structural or cosmetic repairs that could lower your ability to sell!
Consider selling your home outright to our family-owned team at Tony Buys Homes! We have proudly served our Chicagoland & Naperville community for years, and we have helped many homeowners just like you with extra time and security to help alleviate the financial stress and pressure. We will buy your home regardless of the condition, location, or circumstances. In fact, we make sure your home sale is free of any out of pocket fees to you! Do not waste more time and money trying to repair and market your foreclosed home when you can get cash fast from Tony Buys Homes. Our local professional team can have your home closed in as little as seven days, so you can get back to what matters most.
Avoid foreclosure if at all possible, as it is a major credit pitfall! Tony Buys Homes in Chicagoland & Naperville will make sure you are given a fair home assessment, as well as our highest no-obligation cash offer. Call 815-488-6373 to speak with us today!
