The result of thoughtless decision of buying a house using a loan and mortgage can appear not just very expensive but also causing injury to your health and future. Sometimes in the beginning, when a person starts the procedure of taking a loan for a home, nothing is showing that it could have a worst possible end – to lose your house and still owing money to the bank.
WE BUY HOUSES IN HOPEWELL, VA and ALL CITIES AND TOWNS IN VIRIGNIA!
I can imagine how you chose the perfect home of your dreams in the rich cultured place like Hopewell, Virginia. You were an accurate debtor while you were working. But the crisis came and suddenly you lost your work and could not pay anymore your bank loan. You feel yourself in deadlock. The best thing you can do is not to dispirit and to think about a way to get out of this hard situation with less possible damages.
And the best variant for this is to try selling your home fast before foreclosure happens. But you have to act really fast because the foreclosure procedure in Virginia is really fast and strict. You will have no more than 90 days of delay with payment and probably your lender will give your house to an auction. The idea is to anticipate the bank and react before these 90 days pass. If you would like to talk to your lender in order to modify the loan, better do this before the deadline comes. This way both your lender and you will have time to think about the options. If this kind of restructuring the loans was something rare met in the bank services, now after the existence of financial crisis many lenders are inclined to make such offers.
If you decide that such action won’t make things better, then you have to think of a variant to sell your home really quickly. There are many agencies that can find a client to you or they would buy your house by themselves. The quicker you decide to do this, the less complications you will have.