3 Ways to Stop Foreclosure on Your Hagerstown Home

Foreclosure is scary. Aside from the stress of facing losing your home, foreclosure can also ruin your credit and lead to a host of secondary problems. So it is always smart to do whatever you can to avoid foreclosure in the first place. If your Hagerstown home is facing foreclosure and you’re not sure what to do, read on for 3 tips on how you can avoid going through the headaches of foreclosure.

stop-foreclosure-hagerstown

Stop foreclosure on your Hagerstown home with these tips.

3 Ways to Stop Foreclosure on Your Hagerstown Home

Refinancing

Refinancing can lower your monthly payments to a much more reasonable amount and help give you some breathing room with your finances However, refinancing is not available to everyone as you’ll have to convince a lender that despite your current difficulties in making your payments, you will be able to keep up with your payment plan moving forward. Depending on your credit history and how far behind you are on your current payments, lenders may be willing to work with you. Keep in mind, though, that refinancing does require you to pay closing costs which can add up to several thousand dollars.

Short sale

When homeowners think aobut avoiding foreclosure, most think of short sales. A short sale may be the right choice if you have a lot of free time but, contrary to their name, they are a very time consuming process. They also have a high likelihood of falling through, leaving you with a whole lot of wasted time and the same problems you started with. Learn more about short sales in our blog.

Sell Your Home With Grays Home Solutions

If you’re looking for a quick and simple solution to your foreclosure, consider selling your home with Grays Home Solutions. We’re a home buyer working in Hagerstown and throughout Maryland and the Tri-state area. What are some of the benefits to working with us?

  • We’ll make an offer no matter where your home is, what condition it’s in, or how much you owe.
  • We buy within 7 days once you accept our offer. So even if your foreclosure date is coming up fast, you can still use us as a solution.
  • You won’t need to do any repairs on your home.
  • We may be able to pay you in cash.

Interested in learning more? Use our fast response contact form or call us at 240-347-3141. We’re a free service and we’re here to help.