Avoiding foreclosure is almost always in the homeowners best interest. If you are trying to avoid being foreclosed on, you should get advise quickly.
If the foreclosure process has not gone too far, the best option for you may be the sale of your home.
If you haven’t fallen too far behind on your mortgage, and have equity in your home you can get your home on the
market quickly. If you sell quickly enough, you may walk away without hurting your credit and with the equity in your home.
Unfortunately, some homeowners find themselves “under water” a term meaning they owe more to the bank
than they will recover through the sale of their home. In cases like these, a “short sale” may be your best option.
A short sale is when the sale of your property nets less than what you owe the bank. With the recent
housing decline and some of the loans that were made, a lot of people find themselves in this situation.
There is also loan modification programs available to some homeowners. This is a government program
that can help some homeowners stay in their homes.
It is difficult to face the possibility that you may lose your home. With all the different possibilities
to consider, you may need some expert advise.
If you think you may be facing foreclosure, please contact me quickly so we can discuss the best way for
you to avoid foreclosure in Delaware.