Get Help Avoiding Foreclosure in Southern California

Imagine the feeling of your car breaking down in the middle of a long car trip. Foreclosure can feel a lot like that.

As with car troubles, foreclosures start small, preceded by notices that you feel you can “put off.”

Before you know it, you’re stuck and need assistance getting back on track financially.

Many people in California are familiar with the experience.

In 2023, more than 32,902 homeowners lost their homes in the state. This statistic indicates that foreclosures have risen over 20% in California.

Does foreclosure need to be your future? We say no.

You can avoid it by accessing trapped equity and selling your house fast for cash.

Learn more about how a cash sale helps you avoid foreclosure and gets you back on the road to financial recovery.

Foreclosure Poses Many Problems

Facing foreclosure means more than losing your home later on.

Fail to avoid foreclosure, and you’ll be likely to experience several other problems that can impact your life significantly.

Among them are the following:

• Damage to Your Credit Score: Any record of foreclosed properties under your name will jeopardize your credit scores. As a result, you won’t be able to take out loans in the future or refinance another property.
• Losing Equity in Your Home: In Southern California, you can lose all the equity you’ve built if your home is foreclosed.
• Challenges Relocating: Once you lose your home to foreclosure, moving can become challenging, especially if your credit score is lowered and you lack funds to make a downpayment on a new home.
• Deficiency Judgment: This can occur if your home was foreclosed due to a tax lien. When your home is worth less than what you owe, the court issues a deficiency judgment, requiring you to still pay any outstanding tax obligations.
• Legal Fees and Costs: Preventing foreclosure can be costly, especially if you hire a foreclosure attorney. Foreclosure attorney fees can be anywhere from $1,500 to $4,000 in California and across the country.

Ways To Avoid Foreclosure

When you’re facing foreclosure in Southern California, there are several options you can look into:

• Refinancing Your Mortgage: This is one of the most common options used by homeowners in the state. Refinancing can reduce monthly payments, making the mortgage payment process more manageable.
• Communicating With Your Lender: This is a proactive method of avoiding foreclosure. As soon as you anticipate financial difficulties, contact your lender immediately. You and your lender can work out an alternative payment scheme like a loan modification or forbearance.
• Use Home Equity: If you’ve built sufficient home equity, you can use it to take out an equity loan to pay back missed payments.

The above-mentioned ways can help you avoid foreclosure. However, there’s a catch.

These methods require a good credit score and a stable income — things that you may not have when you’re dealing with foreclosure.

Also, using home equity isn’t always an option, especially if you haven’t built much of it or if you owe more than the amount of equity you’ve built.

 

Sell Your Southern California Home Fast to Us and Get Cash!

So, what can you do if you’re dealing with foreclosure and need an alternative method to avoid it?

Sell it to us fast for cash.

At My Home Sold, we buy houses in Southern California for cash.

When you accept a cash offer from us, we’ll buy your home for a value that can cover your mortgage balance and other costs. As a bonus, you can use any amount left over to rent or move.

Will you be looking for a suitable home or temporary accommodation after the sale? Don’t worry.

You can stay in your home until you’ve found a place that’s right for you.

Get a free, no-obligation cash offer today and find out how much we’d be willing to pay you for your home.

We Buy Houses As-Is With Any Issues

At My Home Sold, we buy houses as-is in Southern California.

We see your home’s value, whether it’s condemned or has title issues.

Get an offer for your house today, even if it’s in the following conditions:

• Foundation problems: Structural issues won’t stop us from seeing your home’s value.
• Hoarder homes: We’re not afraid of cluttered spaces and will purchase properties filled with years of accumulated possessions.
• Abandoned properties: Have you left your property unattended for an extended period? We’ll still make you an offer.
• Death estates: Dealing with inherited properties can be emotionally taxing, so we’re here to take them off your hands.
• Fixer-uppers: Those homes needing a little TLC are right up our alley, and we’re eager to breathe new life into them.
• Dirty and in bad shape: Don’t worry about cleaning or making repairs. We’ll buy your property regardless of its current state.
• Damaged homes: Whether it’s fire, water, or storm damage, we’re prepared to purchase properties that have seen better days.
• Bad rental property tenants: Problematic renters won’t stop us from making you a cash offer on your investment property.
• Vacant properties: If your house has been sitting empty, we’ll gladly take it off the market for you.
• Code violations: Our team is experienced in buying properties that don’t meet California building regulations.
• Rundown houses: Years of neglect won’t discourage us from making you a fair offer on your property.
• Trash-filled yards: You won’t need to clean up. We’ll handle the mess and still buy your home.

Get Cash Fast and Move Away From Problems

Whether you’re trying to avoid foreclosure or sell your property out-of-state, we’re here to help you move out and move on with your life.

Reach out today and get a fast and free cash offer for your Southern California home.

Read Our Reviews

From Riverside to Upland, we’ve helped homeowners with our free, fair, and fast instant cash offers.

Read about us today and see what makes us different from other cash buyers in Southern California.

You can also check out our reviews to see what satisfied home sellers have to say about our offers.