Prevent Foreclosure in Maryland with Metro Express Home Buyers
Are you facing foreclosure and unsure how to save your house? You're in luck because we're here to assist! We have connections with several national lenders who specialize in refinancing for homeowners behind on payments. This allows us to quickly find the best loan providers for you, helping you stop foreclosure in Maryland promptly.
About Foreclosure
Foreclosure poses a significant financial challenge for many American families. What some may not realize is that, with the right approach, this issue can often be prevented. At Metro Express Home Buyers, we offer comprehensive services to assist clients in Maryland and can help you prevent foreclosure.
Options Available At Metro Express Home Buyers
Reinstatement
A reinstatement will be your most simple solution to the problem, but in some of the instances, it is not that easy. You do not require the approval of the lender for this and it can be done a day before the final foreclosure sale has been announced.
Repayment Plan Or Forbearance
This plan incorporates a homeowner negotiating with a mortgage company so that payments can be made over a period.
Mortgage Modification
This involves a reduction in the principal loan balance, loan term, interest rate, or a combination of them. As a result, the mortgage becomes more affordable.
Rent The Property
A homeowner can also choose to rent their property, provided their mortgage payment is lower than the rent in the market.
Deed in Lieu of Foreclosure
This lets the homeowner return their property to the lender as opposed to going through the process of foreclosure. However, you need to get the approval from the lender first and the property needs to be vacated.
Bankruptcy
While bankruptcy is not good for your credit, applying for it can be a viable solution when you have to stop foreclosure in Maryland.
Refinance
Refinancing the mortgage can take place when homeowners have a good standing in terms of credit and their property has sufficient equity.
Sell the Property
Homeowners can choose to sell their property by listing it with a qualified agent in real estate.
At Metro Express Home Buyers, we help you to determine what the best option for you can be to stop foreclosure in Maryland. We will meet you personally in order to help you assess your current situation so that we can find solutions together. In order to get in touch with us, you can give us a call on (202) 421-2380 or fill out our enquiry form on your right.
