As a Maine homeowner, you are aware that unforeseen circumstances can lead to financial difficulties. Going through the foreclosure process is something nobody wants to face. The stress, expenses, and troubles can quickly become overwhelming. If you’re concerned about losing your house to foreclosure in Maine, 207 Cash Buyers offers several solutions to help protect your credit, your pride, and your bank account!
We Can Purchase Your Home Directly
The most efficient and straightforward way to resolve your situation is by selling your house quickly. By directly selling to 207 Cash Buyers, you can sell your house as-is, without the hassle, costs and time of listing on the MLS. We offer competitive prices for properties in Maine and can close the deal at your convenience. If you’re unsure whether listing your house is a better option, we are here to address any questions you may have about the process.
We Can Assist You in Listing Your Property
Listing your home is another excellent choice that 207 Cash Buyers can assist with for selling your Maine residence. We are a team of investors, but we know many skilled and professional Maine real estate agents that we would gladly refer you to if you decide that’s the best option for you. We will help you assess the numbers to determine if a traditional listing is the best course of action as well as if you have adequate time in the foreclosure process to comfortably sell your property on the market. While 207 Cash Buyers collaborates with some of the top agents in town, a conventional sale might take longer than you have the time for. If foreclosure is looming, a direct sale could be the first option worth exploring. In the state of Maine, once a Judgement of Foreclosure is filed in court by the plaintiff (mortgage company), a homeowner in foreclosure typically has between 90-120 days to avoid losing the property at auction which may not allow enough time to sell it on the market.
We Can Rent the Property Back to You
If you are facing imminent foreclosure but prefer not to move immediately, 207 Cash Buyers can help you avoid it and remain in your home. We work with homeowners who need to sell their properties quickly by providing a fair offer and the opportunity to stay in their current residence. We can rent the house back to you at a reasonable price, allowing you to receive the sale proceeds while continuing to live there. Many homeowners choose this option to stabilize their finances while searching for a new home that suits their needs.
Additional Options Available to You…
If you are confronted with foreclosure in Maine, there are other options that can assist you. These include loan modification, a short sale, or a deed in lieu of foreclosure. Loan modification involves adjusting the terms of your loan to lower your monthly payment. You will need to prepare the required documentation, such as financial statements and hardship letters, and negotiate with your lender to achieve favorable terms. Another option to avoid foreclosure is a short sale, where you sell your home for less than the outstanding mortgage balance. Terms must be negotiated with your lender. Alternatively, a deed in lieu of foreclosure enables you to transfer ownership of your home to your lender in exchange for forgiveness of your mortgage debt.
Facing foreclosure in Maine? It can be an incredibly stressful experience for any homeowner. Take comfort in knowing that many others have been in the same situation before and many will be in the future. Our team of experts is ready to guide you through every step of the process and ensure you receive the most favorable terms possible. Contact 207 Cash Buyers to discover the solution that best suits your needs. We are ready to make you an offer now! Call us today for more details at 207-401-6925.