Are You Facing Foreclosure? Challenges in life can cause anyone to miss a few months of mortgage payments and all of a sudden you're receiving foreclosure letters from your lender.
So what are the smartest steps to take if you have a pending foreclosure or are heading there? If you wait too late you may lose your house, your credit and all of your equity. Do not let that happen, act now!
Despite the stresses of facing a foreclosure in Oakland, the worst thing you can do is to simply do nothing and watch it happen. The lender WILL take back your home leaving with no house, no equity and a very bad foreclosure on your credit score. Now is the time to stand up and take action.
What you should do first
Carefully review the foreclosure notice you have been given to confirm the pending date as well as see that it was sent in the proper method. Lenders must notify the homeowner by a certified delivery of a notice to foreclose at the owner’s most recent address. Without this timely notification you can petition to delay your foreclosure.
What your options are to prevent foreclosure
One of the most important things you can take when near foreclosure is to maintain communication with your lender. Ultimately most lenders are not interested in foreclosing to then owning your property, they just want their payments for the money they loaned you. In many situations, good communication can lead to some kind of satisfactory agreement such as loan modification or forbearance.
Loan Modification can refer to a wide array of changes to your loan. You can request a loan extension, a re-amortization of your remaining balance, or a decrease in interest payments. A loan modification is really any change in the terms of the note that are agreed upon and legal. This is the most logical route to take in a foreclosure situation because you’ll be able to keep your property and keep a foreclosure off your credit report.
Forbearance. This means you can get your payments reduced or suspended for a period of time until you are able to fix your financial situation. Though forbearance may be able to buy you time to save your home, it often comes with additional attached payments, which can pile up easily if you’re already under a financial strain.
A lot of people think filing for Bankruptcy is the right move in a foreclosure situation. This can legally stop the foreclosure process but bankruptcy isn’t the ideal route to take. In most cases bankruptcy is a bandaid and essentially just buys you more time. Usually in the end you will still end up saying goodbye to your home and dealing with bankruptcy on your credit record. The worst part is you could still end up owing money after your house is sold if the sale doesn’t cover all the costs.
Your best option may be to sell your home while there is still time and before you are too deep in the foreclosure process. You can sell your home in a Traditional Sale with a real estate agent, or sell it to an Investor for cash in a short amount of time. Selling your home in a traditional sale works best if your house isn’t in need of any major repairs, homes are selling quickly in your area, and you have time to wait for it to sell. If your house is in great condition you may be able to recover some of your equity, but if not, the time and money required to sell your home by listing it with a realtor may not be worth it. When selling to an investor you usually won't be responsible for making repairs on the property, you can sell for cash (no waiting for a retail buyer to qualify for a loan) and usually close in 7 to 10 days. This is the perfect situation for someone who needs to move fast to prevent a foreclosure.
We are experts in challenging real estate situations
Most real estate agents will only help you if your house is in good condition and free of any back taxes or missed payments. We buy houses in all Oakland neighborhoods and other parts of Alameda County, at any price. We're ready to make you a fair cash offer on your house within 24 hours of meeting. So stop the frustration of your unwanted property. Let us buy your East Bay house now, no matter the repairs needed or situation. We’ve helped hundreds of property owners just like you and we can help you get on with your life after facing foreclosure. Call now: (510) 467-0022
We believe that simple is better. When it's time to sell your house, we remove all the frustrations and uncertainty of traditional selling and buy your house directly from you for cash on a date you set.
Just three steps to get your home sold and move on with your life.
Call us or fill out the form so we can learn about your home and your situation then we can customize the best option for letting us buy your house.
We will review your home with you to estimate the value and create an offer based on the condition and price of other similar houses sold recently in your neighborhood.
Get an offer
We make you a cash offer within 24 hours meeting at your home. Our offer will be all cash, be AS-IS and we close within 10 days if you accept our no-obligation offer.
The better way to sell your house
We reinvented the home selling process so you can sell your house simply and quickly.
No closing costs
No real estate agent fees
No repairs or cleaning
No open houses or tours
We take care of repairs and cleaning
We handle bad tenants & evictions
We pay off your back taxes
We pay missed mortgage payments
We close when you want, as soon as 10 days
What People Say About Us
“Rise Realty made everything so smooth and did everything they said they would.”
“It was such a relief to not have to worry about how we would sell my grandmother's house. Rise took care of everything.”
“Rise did what they say they would do and that meant everything to me.”
You have options for selling your house in the Oakland, CA area but few will close as fast or make the process as simple as Rise Realty. Our customers trust us with one of the biggest moments in their life - selling a house.
We are building a long-term Oakland business built on our great reputation and superior service. Our customers know that we will answer the phone when they call and follow through with every promise we make. Many of our new customers come as referrals from past customers and we want to keep it that way.
A different type of real estate company
We help property owners just like you, in all kinds of situations. From divorce, foreclosure, death of a family member, burdensome rental property, and all kinds of other challenges. We buy houses throughout the Bay Area including Oakland, San Francisco, Berkeley and surrounding cities paying a fair cash price, fast.
Sometimes, those who own property simply have lives that are too busy to take the time to do all of things that typically need to be done to prepare a house to sell on the market. If you simply don’t want to put up with the hassle of owning that house any longer, and if you don’t want to put up with the hassle and time-consuming expense of selling your property the traditional way, we can help. Call us today at (510) 467-0022
End Homeowner Challenges
We make your troubles go away fast, these are just a few of the situations we can help.
Whether you live in it, you’re renting it out, it’s vacant, or not even habitable - we can still help. We work with Oakland homeowners who have inherited an unwanted property, own a vacant house, are behind on payments, owe liens, downsized and can’t sell even if the house needs exepensive repairs, even if the house is fire damaged or has bad rental tenants. Basically, if you have a property and need to sell it, we can make you a fair cash offer and close on a date of your choice.
Need help with selling your house? Please contact us.
Where We Buy Houses
Rise Realty Group is located in Oakland, CA and we buy houses in the surrounding area.