Stop Foreclosure In Baltimore With SparXinvestments
Do you want to save your house from a foreclosure but don’t know how to? Well, you are lucky because we are here to help! We happen to be in touch with numerous national lenders that especially refinance homeowners who are behind on their payments. This means that we will be able to search for the best loan providers for you in the shortest span of time so that you can stop foreclosure in Baltimore.
Regarding Foreclosure
Foreclosure is a massive financial challenge that many families in America end up facing. Some do not know that this problem can actually be avoided at times, provided the right measures are taken. At SparXinvestments, we provide a comprehensive service to our clients in this regard and will help you to stop foreclosure in Baltimore.
Options Available At SparXinvestments
Reinstatement
A reinstatement will be your most simple solution to the problem, but in some of the instances, it is not that easy. You do not require the approval of the lender for this and it can be done a day before the final foreclosure sale has been announced.
Repayment Plan Or Forbearance
This plan incorporates a homeowner negotiating with a mortgage company so that payments can be made over a period.
Mortgage Modification
This involves a reduction in the principal loan balance, loan term, interest rate, or a combination of them. As a result, the mortgage becomes more affordable.
Rent The Property
A homeowner can also choose to rent their property, provided their mortgage payment is lower than the rent in the market.
Deed in Lieu of Foreclosure
This lets the homeowner return their property to the lender as opposed to going through the process of foreclosure. However, you need to get the approval from the lender first and the property needs to be vacated.
Bankruptcy
While bankruptcy is not good for your credit, applying for it can be a viable solution when you have to stop foreclosure in Baltimore.
Refinance
Refinancing the mortgage can take place when homeowners have a good standing in terms of credit and their property has sufficient equity.
Sell the Property
Homeowners can choose to sell their property by listing it with a qualified agent in real estate.
At SparXinvestments, we help you to determine what the best option for you can be to stop foreclosure in Baltimore. We will meet you personally in order to help you assess your current situation so that we can find solutions together. In order to get in touch with us, you can give us a call on (410) 881-7181 or fill out our enquiry form on your right.
