foreclosure

If you fell behind in your mortgage payments you may be staring down a foreclosure. It’s normal to be worried about losing your house and all you’ve invested in it. A lot of homeowners just give up and decide to accept their unfortunate fate. It’s important to note that you do have some rights. Lenders must go by Texas state laws. So now you may be wondering how long can I stay in my house after foreclosure? Let’s answer this and other questions about the foreclosure process and the options you have available.

How Long does the foreclosure Process take in Texas?

Perhaps the first question beyond can I stay in my house after foreclosure, is how long does the foreclosure process take? In general, from the time you miss your first mortgage payment to the end of the foreclosure, it will likely take between three to six months. A lot depends on your specific mortgage company and how aggressively they pursue your case. Usually, you will get a notice that states the foreclosure date. From there it’s just a countdown. In a no-response or default situation in Texas, your home can be sold at a foreclosure in 45 to 60 days. These time constraints apply to situations where you, as the homeowner do not respond to the notices according to the procedure outlined in the Texas Property Code.

Can an eviction be stopped so I can stay in my house after foreclosure?

If you are facing a foreclosure, you may want to know how to stop eviction after foreclosure. Or you may still be asking can I stay in my house after foreclosure? In Texas, the constable’s office in the county where the house is located will serve an eviction notice. The notice will have a court date for the eviction hearing. Once the judge issues the ruling, you will only have five days in which to vacate or appeal the judge’s ruling. If you remain in your house after the eviction date, the constable will post another notice on the door and give you only 24 hours to get your things out. They do have the authority to physically remove occupants and put all the possessions out of the house. In general, the Texas eviction and foreclosure process can be done in less than 60 days from the time the first notice is filed.

What other options do I have if I’m facing foreclosure?

It may be difficult to say how to stop eviction after foreclosure, but you may have a couple of options. One option is to file for bankruptcy. However, you’ll have to meet the pre-filing requirements and qualify for the bankruptcy. For many people, especially closer to the foreclosure and eviction, this is not a viable option.

You may also be able to talk to the lender and ask for a loan forbearance. In this situation, a lender agrees to suspend your payments for a short time while you work through financial difficulties. This option will depend largely on the lender. But in some instances, a forbearance may give you the time you need to avoid an eviction.

Another option that works for many homeowners who are facing foreclosure is selling to a cash buyer. Investors will offer cash for your home and this in turn can be used to pay off the lender and stop the foreclosure process. In some instances, lenders will offer a short sale option that can help stop the process. So if you are asking can I stay in my house after foreclosure, yes you can until the judge renders an eviction notice. Up until that point, you can explore the above options. Once the foreclosure has ended, the lending facility will auction the house and you will have no options left.

Explain how to auction my house fast!

Cash buyers can be very effective at relieving you the stress of being foreclosed on to begin with. With a cash buyer, you no longer have to ask can I stay in my house after foreclosure. Working with a cash buyer is better than facing foreclosure and can also be better than a short sale. As a matter of fact, if you take action quickly and work closely with a cash home buyer you can reap the benefit. For most it is also better than bankruptcy which can have a negative effect on your credit for years to come. You can work with an investor and avoid foreclosure.

Another advantage to working with a cash buyer is that you will retain some control over the selling price. This means you may have a better chance at retaining some of the equity you’ve built up. In some cases, the homeowner can pay off the mortgage and have some money left. This can also help protect the homeowner’s credit.

Is a cash buyer better than an auction or a short sale?

If the foreclosure is completed and you are evicted, you may wonder what happens after your house is auctioned. In Texas you cannot get your house back. So your next question may be to figure out how to auction my house fast. If you can sell your house fast to a cash buyer, you may be able to avoid the foreclosure altogether. You might consider a discussing a short sale with your lender, but it still may not be enough. And it might not be the best deal. A real estate investor can buy your house for cash and possibly help you avoid foreclosure completely, that would be the best scenario possible. Speak to a cash home buyer as soon as you can to explore the options you have available.

Stay in Your House After Foreclosure With Us!

If your house is being foreclosed, you’re stuck looking for a new place to live. At Matt Buys Houses TX, we’ll buy your house for cash and give you a simple and affordable renting option until you move into your new home. We’ll make you a no obligations cash offer for your house in order to help you avoid the stress of foreclosure.

Have a question? Give us a call! We’re always ready to talk. No matter if you have questions about the foreclosure process, or want to get a quote for your house, we’re more than happy to help! Reach us at 210-596-9669, or send us a message on our website!

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Maybe you’ve seen the signs in your own neighborhood and wondered, “Are we buy houses companies credible”? The advertisements talk about companies that buy houses for cash fast, but they do not talk about if cash house buyers are safe or reputable. Just like any industry, there are those who are dishonest, but investing in real estate is an honest business.

There are some signs for you to watch for to determine which we buy houses companies are credible and which ones are not honest. Cash house buyers are simply real estate investors and are safe. There are certain things that reputable house buyers do.

Are We Buy Houses Companies Credible?

The obvious answer to are we by houses companies credible is yes. Once you understand how they work, you’ll understand that companies that buy houses for cash fast are just like any other business, except they are focused on investing in real estate. Here are a few of the things reputable cash home buyers do for homeowners:

• Companies that buy homes for cash help homeowners who have found themselves in a bind. They can offer the homeowner cash quickly. One example is when someone needs to relocate, cash house buyers help the owner be relieved of the responsibility of the property and put cash in their hands. Sometimes people need to sell quickly because of extensive medical bills or in cases where they have lost a job.
• We buy houses companies are credible because they can help a seller get rid of their burdensome property without having to go through a long wait or the hassle of paperwork. Selling through an agent or trying to sell your property yourself can sometimes feel like it takes a lifetime. Investors buy homes fast without making the seller wait for the market to catch up.
• Cash house buyers are safe to do business with because they are investors. They can sometimes improve the value of neighborhoods. They purchase a house, and then make improvements which help to enhance the community by adding value. In many cases, they repair houses that have been in ill repair or neglected for some time. Instead of the neighborhood watching the house fall over time, it can watch it turn into a beautiful home for a family.

Are we buy houses companies credible? Yes. They are not trying to run a scam or get-rich-quick scheme. It really is an honest way to help out people who are trying to sell their home. It’s an honest way to make a living.

How safe and easy is it to sell to a cash house company?

You may still be asking a couple of questions. You may wonder how does we buy houses for cash work?  And perhaps you wonder Just how safe is the process? If you still have questions and wonder if we buy houses companies are credible, check out some companies that buy houses reviews. Consumers are usually real honest about how a deal went, whether good or bad. Reading through several companies that buy houses reviews will give you more insight on how the process works as well as help you learn more about this safe practice.

The process is rather simple, which is why more homeowners are opting to sell to cash buyers. The investor will come and do an informal evaluation of your property. Based on what they see, and how involved the renovations or repairs are going to be, they will make you a cash offer. You are under no pressure or obligation to take the offer, it’s just an offer. But if you decide it will work for you, then they will pay you cash for your house. In most cases, cash house buyers also take care of closing costs and help finalize the paperwork. When compared to putting your house on the market, this is a much faster and smoother process.

What are some of the reasons homeowners go through a cash buyer?

Once you get an answer to how does we buy houses for cash work, then you may feel better about it and understand that cash house buyers are safe. Maybe you’ve read through some companies that buy houses reviews and wondered why so many people are opting to go through cash buyers. There can be lots of reasons for sellers to use an investor. Some of the reasons to choose a cash buyer include:

• The homeowner is facing a foreclosure
• The primary breadwinner needs to relocate for their job
• A couple is going through a divorce
• The death of a family member or loved one
• Inheriting property but you can’t keep it
• Repairs are too expensive
• Want to avoid auctioning a house

These are just a few of the situations homeowners may face and need to get out from under a payment fast. That’s when a cash house buyers safe options come into play.

Final thoughts on cash home buyers credibility

A we buy houses companies credible business can be a huge benefit for someone who needs to get rid of a house fast for any reason. You can have the cash in hand without needing to stage your house or make a lot of repairs. You also do not have to pay out of pocket for a property assessment or for a home inspection. It comes down to getting a fair price for your property and you being able to get out from under it quickly. A cash home buyer can help you do just that. They can pay you cash and handle the paperwork so you don’t have to. Take the time to talk to an investor and find out what they can do for you.

Sell to a Credible We Buy Houses Company Today!

Don’t spend all of your time repairing your house to sell. When you sell to a cash buyer, we’ll buy your house in any condition. We’ll buy it as is! At Matt Buys Houses TX, we’ll make you a no obligations cash offer for your house in order to help you avoid the stress of getting your house ready for the market.

Have a question? Give us a call! We’re always ready to talk. No matter if you have questions about the house selling process, or want to get a quote for your house, we’re more than happy to help! Reach us at 210-596-9669, or send us a message on our website!
 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.