Avoid foreclosure md call – 202-641-6882

Avoid foreclosure md call – 202-641-6882

Here are the Top 3 ways that you can stop the foreclosure on your Maryland (md) home. In reality, these are likely the ONLY ways that you can stop a MD foreclosure.

If you’re in foreclosure, you’re probably being bombarded with letters from attorneys, real estate agents know the facts before you make any life-changing decisions.

1. Pay The Bank What’s Owed!

Stop Foreclosure in MarylandPay The Bank! Sounds easy enough doesn’t it? Although obvious, this is the number 1 way that you can avoid losing your Maryland home.

Banks and mortgage companies don’t want your home. As much as it’s a pain for you, it’s quite the hassle for the bank as well.

It can cost a bank as much as $60,000 or more just to foreclose on you. That number rises if they actually repossess your property.

If you’re in a position to pay the bank what’s owed AND you really want to keep your house, then this is an option that you’ll want to take. Don’t wait and don’t avoid making the call.

You’d be surprised to see how accommodating the bank will be if you just communicate with them before the process of taking your md home goes too far. Contact them while your credit isn’t too damaged and trust me you don’t want it to get damage.

Whenever we speak with homeowners like yourself, this is the first action that we recommend. Notice the word ACTION. Remember, doing nothing is indeed making a choice…a very bad choice.

Ignoring the bank’s letters and calls only makes things accelerate. Before you know it the knock on the door will come telling you that you have as little as 24 hours to get out of your house because your home is going to the MD courts for a trustee auction.

If you can come up with the money AND if you want to keep the house, then make arrangements to pay off what you owe.



2. Do A Short Sale!

 So you’re probably wondering what a short sale is. Before you run over and Google it and get a lot of technical terms, here’s a real easy explanation.

First and foremost, please understand, you are SELLING your home. It is an actual sale of your home.

A  maryland short sale is a strategy that allows you to sell your home for less than you owe on it. In a short sale, if the bank approves, they will agree to discount what you owe them so that the sale can actually be completed.

houseunderwaterLet’s say you’re totally upside down. What I mean by  that is maybe you owe $250,000 on a property that is only worth $120,000 in todays market.

Unless you have oil running under your house, there’s no way anyone is going to pay 300K for a house only worth half that much.

So when you approach the bank (remember that need for communication I mentioned above?), you ask them if they would be willing to entertain a short sale offer to avoid going all the way through the foreclosure process.

If they agree, then you’ll need to get a lawyer and/or a real estate agent to guide you through the process.

Short sales have some advantages and disadvantages. On the positive side, if it is successfully completed, a short sale will help you avoid a foreclosure on your credit report. While some creditors will still look unfavorably upon you…it won’t be nearly as bad as having a full blown house repossession on your record.

On the negative side, you’re going to basically have to prove to the bank that you’re worthy of them discounting what you owe. You’re basically going to have to de-qualify for the mortgage!

You’re going to have to show the bank what happened in the period from when you qualified for the loan to where you are now. They are going to want a lot of documentation from you. Most of the documentation is the same as when you originally applied for the loan.

In essence you’re going to have go through the entire mortgage process all over again, this time in reverse. If you truly can prove that you have an economic hardship, then you have a good chance of having your short sale approved.

But you’d better move fast. Banks are finding out that in today’s real estate market, short sales might not be to their advantage. We’re approaching a point in the market where banks are deciding that a foreclosure is better than a short sale.

By the way…if you choose to go the short sale route, our team can definitely help you. Not only will we handle the entire process for you, you won’t have to have a sign in your yard and we guarantee that we’ll have a buyer, with cash, in under 7 days. That’s the benefit of working with the housebuyingnetwork.info

 3. Sell Your House For Cash!

 Sometimes the fight isn’t worth it. Maybe you’ve had enough stress and headache and you’d just like to be done with the drama. In that instance, you may want to look at selling the house. But, if you’re in the late stages of foreclosure, time may not be on your side.

In addition, if you haven’t been able to pay your mortgage, are there other things that you haven’t been able to keep up with? Whatever situation you may be in, as I mentioned above, doing nothing is still a choice. And it’s not the right one for you or your family.


Selling the house and moving on without a cinder block wrapped around your neck might be your best option. However, because of your situation, you may not have time to go the traditional route. Calling a real estate agent and listing the house could cost you time that you don’t have.

When it’s all said and done, if the real estate agent doesn’t find a buyer, you lose the house. They’re on to the next client. Wouldn’t it make more sense for you to be contacting a buyer, with cash, that could potentially help solve your problems IMMEDIATELY?

If you’re in a position where the steamroller of foreclosure is bearing down on you, feel free to give us a call. We look at properties across the country on a daily basis. Our only business is helping people who are in the exact same position as you.

If you’d like to sell your property and stop your foreclosure, give us a call. I will personally guarantee you that we will give you an offer within 24 hours. Then it’s up to you to decide what you want to do.

But please…do yourself a favor and look out for your family’s best interest by taking some real action. I’ve seen too many people throw their hands up and walkaway without exploring their options.

Even if you decide not to call us, please do something. You’ll always regret indecision.


OR CALL 202-641-6882

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