In the current economic crisis, more and more families and homeowners find themselves facing the stress of foreclosure – in Maryland and all across the country. From unemployment to overwhelming debt, job transfers, ownership squabbles, and more there are many reasons why people find themselves no longer able to make payments on their homes.
Here are just a few of the options available to you if you’re facing a foreclosure in Maryland.
Reinstate the Loan: If you’re financially able to, you’ll want to pay off the loan current as well as fees associated with the bank, late payment, or an attorney. This will bring the foreclosure to a stop.
Negotiate Terms: By negotiating with the lender, you may be able to modify the conditions of the loan or be granted an extension period, postponing or ending foreclosure.
Sell: Real estate investors will buy your property with little delay, and can often offer cash or upfront payment for the property, taking the matter off your hands while freeing up some money for you to start anew.
If you’re facing foreclosure in Maryland, let the Maryland real estate experts at the Team Edge help: we buy any property, in any condition, and we can quickly settle the deal, alleviating your financial burden. Fill out our contact form today and get started back down the sidewalk to a better financial situation.