Are you having trouble with making your mortgage payments? If so, you’re not alone. Nationally, an average of 1 in 10 homeowners are behind on their payments. These homeowners are living every day with the fear of possible foreclosure or eviction. And over the last few months, the COVID-19 pandemic that hit has made these stats even worse.
2021 has brought many challenges to people’s lives due to the impact of the covid-19 pandemic. From job losses to the loss of friends and family, this year has put many families throughout the country through difficult times. And problems with mortgage payments during the pandemic are only a smart part of these difficulties. If this has happened to you and you’ve found yourself are among the mass of homeowners that are facing issues with their mortgage payments, you may be looking for a way to sell your house fast and use the sale proceeds to pay off your mortgage balance.
However, this is no longer as easy as it once was. The market is sure to be flooded in the next several months. Be that as it may, this does not mean that it’s no longer possible to sell a house when you are struggling to pay your mortgage during the pandemic. In this blog, we are going to talk about what 2021 will look like, and what you can do to sell your house under these circumstances during coronavirus.
To learn more about home sales during COVID-19, catch our blog post on Difficulties Homeowners are Facing When Selling Their Fridley MN Homes During the Pandemic.
What 2021 Will Look Like for Homeowners Who’re Struggling to Meet Their Mortgage Payments
Read on to learn more about the impact of the pandemic and what you can do to sell your house under these circumstances.
Time Waits for No One
If you’re among those who’ve faced a dramatic change in their financial circumstances from the pandemic or other events in 2020 and are having trouble paying your mortgage during COVID, the time to act is now. You may find 2021 beginning with the ruination of your credit, the loss of any equity you’ve built in your property, and potential eviction. Without extreme measures ahead of the important deadlines, your lender communicates to you, your chance to pull out of this nosedive will come and go beyond your control. When you’re considering your option, it’s important to consider the advantages of selling to a professional buyer now, with none of the last-minute surprises you may face with inexperienced buyers who often end up failing to close. Unlike traditional listings, you’ll have a guaranteed sale and a closing date you can rely on to avoid foreclosure while saving your credit and financial future.
Investing to Exit
If you’re having trouble paying your Crystal mortgage during COVID, traditional home sales may not be for you. Working with an agent usually means you’ll have to spend money to make money. Agents typically require an outlay of up to thousands before your house is ready to present on the market. Unless your property is brand new or in superb condition, you will need to complete repairs on blatant issues. Additional expenditures will also be required, such as advertising costs and staging costs. Not only will you be facing all of these expenses, but you will also have to pay commissions and closing costs out of your sales profit.
When you’re already struggling to stay afloat, these costs may be impossible for you to afford. However, if you decide to sell directly to our company, FastPath Home Buyers, 2021 may look much brighter for you. We require No Commissions and Fees, so you won’t have to worry about spending money on your sale. In addition, we accept houses “as-is”, so you won’t have to worry about repair costs as well.
While it’s easy to quote statistics and gather data to clearly indicate the exact costs of going through all of the steps of foreclosure, calculating the emotional toll isn’t such an easy job. After struggling for months to survive financially, during a global pandemic, foreclosure can have a terrible impact on your emotional stability. Knowing that the bank is contacting you about going into foreclosure can lead to many sleepless nights. However, you can avoid all of the stress and headaches by selling your house directly to our company.
Having trouble paying your mortgage during COVID? Without decisive action, you may lose your house in 2021 — why not avoid those impending foreclosure deadlines, spending more money just to sell the house, and lingering trauma to your family from the process. You can do this by selling now directly to FastPath Home Buyers. We Buy Houses in Crystal MN and offer great prices.
When you sell to our company, we can help you beat your foreclosure deadline and resolve all your financial problems. You’ll get to sell your house, then pay back all your mortgage debt with the proceeds from the sale, and move on with your life. When you work with our company, you get an All Cash Sale. We buy houses “As-Is”(meaning No cleaning! No repairs!). Finally, if you’re pressed on time and need a fast sale during foreclosure, we are prepared to close on any deal we offer in as little as 7 days. So contact us and resolve all of your financial struggles today.
To learn more about us and what we can do for you, fill out the short form below or give us a call today at (612) 351-2384!
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