Loss Mitigation to Avoid Bankruptcy and Stop Foreclosure in Charleston SC

Charleston South Carolina is increasingly facing a challenge: more and more mortgages and loan payments are falling behind and there are only a couple ways out if the home owner is not able to catch up all previous and current payments- either foreclosure by the bank or the home owner can work on a short sale and sell the property to an investor, but this will ONLY work if the person you’re working with has as much experience as we do.

Some hardships that may cause you to face foreclosure include: losing your job, divorce, illness or death, and unexpected financial emergencies. If you are experiencing one of these and expect your situation to improve, you may be able to work with your lender to find a solution. It is important to contact your lender and discuss your situation with them. They can tell you if you have any options to sell your South Carolina home fast .

Some options which may be available may include: extending your grace period, re-distributing your missed payments into future payments, adding the debt onto the loan balance, and changing your loan terms or reducing your interest. These are all considered to be different types of loan modifications. The last thing your lender wants to do is foreclose. However, if you don’t try to work out a plan with them before they file a Notice of Default, you will have a reduced chance to get a repayment plan. If you expect your hardship to continue for an extended period of time or just can’t afford your mortgage payments anymore, you may want to sell your home. Using a real estate agent is always an option, but if you are facing foreclosure in south carolina, you may want to consider contacting a real estate investor. An investor can often offer to close right away and pay cash with private funding. This would negate the time consuming process of waiting for a loan approval. A short sale may be an option. If your home is worth less than what you owe, your lender may agree to short sale your home for a discounted rate. Having a South Carolina short sale specialist assist you in negotiations with your lender, can be invaluable. An experienced professional in this field will know how to put together a short sale package and wade through all the steps necessary to short sale your home. They will have numerous resources and will show you how to avoid bankruptcy or stop foreclosure in South Carolina. If you’re thinking you want to “sell my charleston sc home fast“, we will buy your house quickly. Simply fill out our brief seller questionnaire and we will give you an offer for your home fast.

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