If you find yourself confronted with the prospect of foreclosure down the line, you may be pondering whether it’s possible to regain possession of your residence in Columbus following the foreclosure process. After all, securing a place to reside is crucial!
Unfortunately, after the court rules in the favor of your lender and agrees with the lender to proceed with foreclosure, it is very hard for you to get your house back. So don’t let it get to that point. We can help!
Instead of wondering can you get your house in Columbus back after foreclosure, here’s another option…
The good news is, if you’re not in foreclosure yet, you have options.
The first and best option is to pay off your mortgage or work out a payment plan with your lender. They’ll prefer to keep you in your house and instead just collect the money owed to them.
If that is not a viable choice for you presently, you might consider taking the path that many homeowners in foreclosure situations opt for: Sell your home before the home is foreclosed upon and pay the lender what is owed to them.
Although it may not be the most desirable alternative (as it entails relinquishing your house), it remains a more favorable choice compared to foreclosure. This option allows you to settle your debt with the bank and avoid the enduring consequences to your credit score that accompany a foreclosure.
This approach is characterized as proactive and long-term, which is why homeowners dealing with foreclosure find it appealing. It is proactive because it empowers you to take charge of your financial circumstances, and it is long-term because it involves enduring the temporary discomfort of selling your home in exchange for the lasting advantage of an improved credit rating.
Here’s a secret to selling your Columbus area home fast so the bank can’t take it
You could work at trying to find a buyer to take your home. However, a faster and easier option is to find an investment firm that buys houses as-is for cash, fast. Rather than expending significant time and effort in the search for a buyer, numerous companies specialize in handling this task on your behalf. Companies such as Flagship REI can purchase your house promptly, albeit at a discounted price.
Simply fill out our form and tell us about your house, or just call us at 706-918-9133 and let us know that you want to sell fast.
Joke of the Day:
What do you call a well-balanced horse?
Stable.