Currently, 1 in 1,477 homes in Temple Terrace is in some phase of foreclosure. This rate is slightly lower than the average Florida foreclosure rate of 1 in 1,297. Have you begun to miss payments on your mortgage? Are you facing foreclosure from a bank? Anyone in this situation knows that the possibility of losing your home is scary, and negotiating your way out of it may seem impossible. Luckily there are options, no matter where you are in the process of foreclosure, regardless if you live in Temple Terrace or the surrounding area. If you are wondering how to avoid losing your house to the bank in Temple Terrace we have some tips to help you avoid foreclosure, and sell your house fast.
Options to Consider Before You Lose Your House in Temple Terrace
One of the simplest things to do is to sell the house fast to pay off the mortgage and be free of the stress of dealing with the bank. It may not sound easy, but believe it or not, there are professional home buyers that are interested in securing your property in Temple Terrace today. It is essential to do your research, and ensure that you are working with a reputable and professional home buyer. Homeclarity has a combined 15 years of experience working with homeowners that find themselves in unfortunate circumstances. Avoiding losing your home to the bank in Temple Terrace may only be a phone call away.
Sell Your House Fast In Temple Terrace Yourself
It is possible to list the house as for sale by owner (FSBO) in Temple Terrace and do the work yourself, but you may wind up paying fees to the real estate agent that brings a buyer, closing costs, and cash for allowances for work to be done on the home. You can sell your house online with a lot less trouble than interviewing, hiring, and contracting with a realtor. Not to mention if your lender has already initiated the foreclosure process, you may have to get permission from the bank before you can accept an offer from a buyer. This process can be lengthy, expensive, and sometimes still ends with a foreclosure on your home and a massive hit to your credit score.
Negotiate With the Lender Yourself
There is also the possibility that you may be able to negotiate with the bank yourself. Banks do not want to foreclose on a property when it is avoidable. Some banks may be able to let you apply for a loan modification that would help you get monthly payments that you can afford, though it will usually be at a much higher interest rate and extend the number of years you owe on the home loan. Another option a bank may offer is forbearance, a solution that acts as a temporary bridge, reducing your monthly mortgage payment or eliminating it for a set grace period. It is important to note that at the end of the grace period you will be required to pay the bank for all the missed payments, if you are unable to make the payment then the foreclosure process will be restarted.
Sell Your House Fast in Temple Terrace to a Professional Home Buyer
If you want to keep things simple, you should consider contacting a reputable home buyer in Temple Terrace to see what options are available to you. Using a professional home buyer can alleviate many of the headaches and costs associated with listing the house yourself or negotiating with the bank. Once you have contracted with a professional home buyer, they will consult with the bank, handle inspections, closing paperwork, etc. When it is all said and done you will have fulfilled your debt to the bank and will finally be free of the worry and stress it has caused your family. You will be able to move on with your life with your credit score intact for the next phase of your life.
Temple Terrace is beautiful community, centrally located with easy access to the amenities offered in the Greater Tampa Bay Area. Busch Gardens, a theme park attraction with fun for the whole family is only a 5 minute drive away from anywhere in Temple Terrace. Temple Terrace is conveniently located near the campus for the University of South Florida, a fair share of students and faculty reside within the community. Homeclarity buys houses for cash in Temple Terrace, whether you are planning a move, or have work relocation you need to deal with in a hurry, we are here to help.
If you are living in Temple Terrace, or the Greater Tampa Bay area, and find yourself in danger of losing your house to the bank, or have a property you would like sell for cash, please contact Homeclarity Tampa to discuss a quick solution to your pressing problem.