Direct Home Buyers can Help Avoid Foreclosure
One way to avoid a foreclosure consists on reaching out to a direct property buyer that can help you sell your home fast in as is condition so you can pay off any existing mortgage and liens on the property. Direct property buyers such as Dolfin RGV can help you avoid foreclosure. They can give you a cash offer so your credit score won’t be affected by a foreclosure process.
Facing foreclosure can be an extremely stressful experience for any McAllen homeowner. Not only does it mean the loss of a home, but it can also have a significant impact on one’s credit score and financial future. Fortunately, there are options available for homeowners facing foreclosure, including working with direct property buyers in McAllen. In this blog post, we will explore how direct property buyers can help you avoid foreclosure and keep your credit score intact.
Understanding Foreclosure and Its Impact on Your Credit Score
We have read or heard stories about foreclosure tsunami or banks foreclosing on some homeowners, but what exactly does the term mean? Well, foreclosure is the legal process through which a lender takes possession of a property due to the homeowner’s inability to make mortgage payments. When a McAllen homeowner stops making mortgage payments, the lender may initiate the foreclosure proceedings. The lender will send a Notice of Default by mail and gives the borrower 20 days to pay the defaulted amount. If the homeowners doesn’t make the payments the lender may take posession of the property. The foreclosure sale takes place every first Tuesday of a month at Hidalgo County and Cameron County courtsteps. Unfortunately, foreclosure can have a devastating impact on one’s credit score, as it is considered a major derogatory event. A foreclosure can stay on a credit report for up to seven years, making it difficult for the homeowner to obtain credit in the future when the financial situation changes.
How Direct Property Buyers Can Help You Avoid Foreclosure
Direct property buyers are real estate investors who purchase properties directly from homeowners, often in cash in a short period of time. They can help McAllen homeowners who are facing foreclosure by providing a quick and hassle-free way to sell their homes before the foreclosure process is completed. By selling their homes to direct property buyers, homeowners can avoid foreclosure and keep their credit score intact.
Benefits of Selling to Direct Property Buyers
There are many other benefits of selling a home to direct property buyers, especially for homeowners facing foreclosure in McAllen. Here are just a few of the advantages homeowners will receive when selling their homes directly:
A Fast Sale of Your McAllen Property
In most cases, direct property buyers can often close on a property in a matter of days or weeks. This is much faster than the traditional real estate sales process, which can take months. A direct sale eliminates the need to find a buyer, pay excessive holding costs, or worry about the sale falling through at the last minute due to title issues, appraisals, or inspections.
Get A Cash Offer for Your McAllen Property
Direct property buyers typically offer cash for homes in McAllen. This can be extremely beneficial for homeowners facing foreclosure who need to sell quickly. A cash offer eliminates the banks, appraisals, inspections, and wasted time.
You Don’t Need to Make Repairs When Selling Your McAllen Property
Direct property buyers typically purchase homes as-is, which means homeowners do not need to make any repairs or renovations before selling. Without inspections or appraisals, homeowners can save both time and money. It’s as simple as packing up and walking away.
At Dolfin RGV we even take care of the things you don’t need or don’t want to take. Just take what you need and we will take care of the rest.
No Commissions or Fees When Selling Your House
Direct property buyers in McAllen do not charge commissions or fees, which means homeowners can keep more of the sale proceeds. Of course, every buyer is different, but when working with Dolfin RGV to sell your house, there are no hidden costs to contend with. We will tell your right away if your home may work for us and how much we can offer to see if we can make it a win-win situation. If the price makes sense to you, we will take care of all the process and you will be paid via a reputable title company.
Avoid the Foreclosure of Your McAllen House
By selling to direct property buyers, homeowners can avoid foreclosure and the negative impact it can have on their credit score. A fast sale can stop the banks in their tracks, saving both time and money.
How to Work with Direct Property Buyers
Working with direct property buyers is a straightforward process. Here are the steps involved to quickly sell your house in McAllen:
1. Contact a Direct Property Buyer: Homeowners can find direct property buyers in McAllen by doing an online search or asking for referrals from friends or family. Keep in mind that every buyer is different. Dolfin RGV buys houses locally and we pride ourselves in our honesty and integrity having almost two decades of experience in the Rio Grande Valley. Dolfin RGV is also accredited by the Better Business Bureau.
2. Schedule an Appointment: Once you reach out to us and tell us a little about your property, we will schedule an appointment to have the property evaluated. This happens at your convenience.
3. Receive an Offer: After evaluating the property, we will provide you with a cash offer. There is never any hassle or obligation. If we agree on the price, we start the process with a local reputable title company to clean the title of any liens.
4. Accept the Offer: If the homeowner is satisfied with the offer, they can accept it and proceed with the sale.
5. Close on the Property: Once the offer is accepted, the direct property buyer will typically handle all of the paperwork and close on the property quickly. When you work with Dolfin RGV, you can rest assured that we will handle every detail. We work professionally, with a local title company to make sure all the details are taken care of in a timely manner.
Be careful when some companies offer you a “contract to purchase a property” or “deed subject to indebdetness”. Make sure what you sign and ask the title company if you are selling the property and if the title is being transferred and the liens paid off to avoid future surprises.
Facing foreclosure can be a stressful and overwhelming experience for McAllen homeowners. However, it is important to remember that there are options available to homeowners. By working with direct property buyers in McAllen, homeowners can sell their homes quickly and avoid foreclosure, all while keeping their credit score intact. If you are facing foreclosure, consider reaching out to a direct property buyer to learn more about how they can help you. Reach out to our team to learn more about what we can offer you! (956) 904 5234