Stop my foreclosure Denver
How can I stop my foreclosure Denver? This is probably the question that’ll be on your mind when you receive a notice from your financial lending company that they’ve kicked off a foreclosure process. When facing such times, there’s nothing to worry about. We here at Denver Property Flip, our work is to ensure that all your foreclosure problems are gone.
Of course, we can only be of great help to you if you decide to sell your home fast in order to raise funds immediately, a decision that can be really tough to make. If the home is worth more than the current mortgage you owe, you’ll be one lucky person since you’ll be left with some more cash to start off your next journey. In the event that the home’s value has dropped, you might want to consider a short sale or possibly a loan modification, but there are more options to turn to when locked up in a foreclosure problem in Denver, even if you want to keep your home.
Keeping your home will depend on whether doing so makes sense or not. If you choose to keep it after the foreclosure process has started, you’ll need to cure the arrears by paying anything you owe, including the penalties, prior to the foreclosure date, but you need to file a notice of intent to cure no less than 15 days before the date of the sale – and clear what you owe. If a cure isn’t an option, you can choose to redeem your home by paying the full foreclosure sale fee within 75 days of the sale.
You are probably thinking, what if none of these are great options to stop my foreclosure Denver yet I still want to keep my home? Well, worry not. With a great foreclosure lawyer in Denver, you can still get to keep the home and even reduce some of the amount you owe. The foreclosure can be stopped and let you get caught up on missed payments for a period of up to 5 years.
Do you really need to keep your home?
There’s a massive drop in home values, which means it’s easy to find cases where Denver residents owe more on homes than their prevailing market values. Apparently, experts argue that it could take close to a decade before homes regain value. If you are a victim of this situation, it might make more sense to walk away and let the bank have its way by probably auctioning it.
Note that walking away might still land you in trouble if the lender decides to pursue a deficiency case against you. This is in regard to the difference between what the home sold for during the auction and what you owe the bank, an amount that might surprise you. You can escape this by filing bankruptcy, where the deficiency will be wiped out and prevent the lender from suing you. It’s also possible this could lead to an opportunity to start a fresh because your credit cards, medical bills and any other debts you owe might be wiped out as well.
Filing bankruptcy can also dramatically increase the number of days you need to vacate the property. Usually, a foreclosure sale takes place after about 100 days following the commencement of the process. The best foreclosure lawyer Denver has to offer can double or even triple the time you need to leave a home. This should give you plenty of time to find a new home.
But why go through all these hassles when you can simply sell your house fast and pay your way out of these woes? This is why Denver Property Flip exists. We help you get back on the road as quickly as possible. Despite your financial situation, we will never find joy in taking advantage of you. When you call us, you’ll be met by one of our professionals to guide you through what we need to process the cash to get you out of the foreclosure burden. The question of how to stop my foreclosure Denver is not yours to find answers to, we are here to take care of that.
Facing foreclosure can force you to make very tough decisions, but either way, you’ll have to make one. Don’t feel pressured when our professionals can help. We are just a call away.