What is a Pre-Foreclosure in Bradenton?
John Constantine • December 22, 2018
This is a subtitle for your new post
So what is a pre-foreclosure in Bradenton anyway?
Many homeowners across America and Bradenton are facing difficulties making their monthly mortgage payments.
When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning, notifying the homeowner to pay or lose their home. This period is known as “pre-foreclosure.”
Banks and mortgage lenders typically provide three months for the homeowner to become current. Of course this number can vary by bank and situation sometimes.
If a homeowner fails to make the necessary payments, the bank will foreclose on the home, assuming ownership, and evict the homeowner. Thankfully, during this stage of the foreclosure process, a mortgage holder has the opportunity to take advantage of several options to prevent losing their home.
Pre-foreclosure Options for Borrowers
If you’re behind on mortgage payments, you’re likely to receive a “notice of default” from your mortgage lender.
This document will state that you have not made mortgage payments for the last 90-180 days. It’s important not to panic.
You have options that can delay or even prevent losing your home:
- If your mortgage is “above water,” (meaning you have equity in your house) you may be able to refinance your mortgage, receiving lower monthly payments. Check with your local Bradenton mortgage broker… or contact us and we can connect you with a reputable one.
- You may be able to quickly sell your home to a real estate investor that’s reputable in Bradenton like us at Golden Rule Home Solutions, using the cash acquired to pay the months of back-payments owed (or we *may* be able to work out something with the lender that relieves all or part of your back payments.We can buy your Bradenton FL area home quickly, often in just a week or two, will pay in cash, and takes the stress out of trying to find a buyer.
- You can contact the bank and ask them to permit a short sale. In a short sale, you’ll sell your home for less than it’s worth, and the bank will take the loss as a tax write-off. In some short sales you may still be required to pay the difference to the bank if the house doesn’t sell for what is owed on the loan.
- You may be able to declare bankruptcy, which can buy you time to pay your debt. Bankruptcy will remain on your credit report for years, and can cause significant damage.
Lenders are very much aware of the widespread financial troubles across the country and they’re willing to work with borrowers a lot of the time.
If you’re honest and communicate with your lender, you’ll often find that there are options that will allow you to remain in your home, or at least salvage your credit rating.
A foreclosure can often negatively affect your credit score by 200-400 points and can prevent you from obtaining a loan of any sort for 5-7 years, so be very dutiful if you’ve received a Notice of Default from your lender.
But if you’re not able to find a solution with your lender working directly with them… connect with us. We may be able to help.
Ways We Can Help If You’re In Pre-Foreclosure
- We can potentially help with a short sale – Submit your info on this website so we can evaluate your situation to see if we can help.
- We can buy your Bradenton area house – We buy houses in Bradenton and would love to make you an all-cash offer on your house too. Just fill out the form here to get started >>
- You can ask us questions and we can provide you FREE guidance and resources so you can make a well educated decision. This costs you nothing, there’s absolutely no pressure, no obligation… just free guidance without a catch.
If you’re in the pre-foreclosure stage… you’ve still got time to fix this situation.
Just connect with your bank to see if they’re willing to work with you… or contact us if you’d like to see what we can buy your house for or to tap into our free foreclosure foreclosure resources.
Want To Discuss Your Pre-Foreclosure Options? Call Us at (941)-786-0009
Or, Submit Your Info Here To Get A Cash Offer On Your House >>
Selling a house in Bradenton can be a complex and often challenging endeavor. The local real estate market conditions, the state of your property, and competition from other sellers are just a few of the many factors that can complicate the process. Finding a reliable real estate agent, navigating through a mountain of paperwork, and waiting patiently for the right buyer to come along can add significant stress and frustration. However, there is an alternative solution that can streamline the process and alleviate much of the burden – selling directly to Golden Rule Home Solutions. In this blog post, we’ll explore the top 10 challenges that can make selling your house in Bradenton difficult, and explain how Golden Rule Home Solutions can help you overcome these obstacles with ease.
Trying to sell an unwanted property in Bradenton can quickly become an overwhelming and stressful ordeal. From navigating the complexities of the local real estate market to dealing with time-consuming and costly repairs, the process is often fraught with challenges. Fortunately, there are some simple strategies that can help streamline the sale of your property, minimizing stress and ensuring a smooth transaction. In this blog, we’ll explore six straightforward tips to help you sell any unwanted property in Bradenton with ease. Additionally, we’ll introduce you to Golden Rule Home Solutions, a trusted solution that allows you to sell your property through a direct sale, saving you from paying costly commissions and shouldering the burden of extensive repairs. With these practical tips and the assistance of Golden Rule Home Solutions, you can approach the sale of your unwanted property in Bradenton with confidence, knowing that a hassle-free experience is well within reach.
When selling a property in Bradenton, navigating real estate disclosures is a crucial aspect of the process. Real estate disclosures play a key role in safeguarding buyers and providing them with essential information to facilitate an informed purchase decision. Discover the ins and outs of real estate disclosures to streamline your house sale in Bradenton.
Navigating the process of selling a property can be a daunting endeavor, requiring significant patience, time, and effort – especially in a highly competitive market like Bradenton, where numerous competing listings vie for buyers’ attention. Traditional methods, such as working with a real estate agent, often involve a prolonged waiting period of weeks or even months before finding the right buyer and finalizing the transaction. However, for homeowners seeking a swift and hassle-free selling experience, the option of selling directly to a professional buyer like Golden Rule Home Solutions presents an attractive alternative. This direct selling approach offers several key benefits, making it an increasingly popular choice for those looking to bypass the complexities of traditional selling methods. In this blog post, we’ll explore the top 10 advantages of selling your house directly in Bradenton, empowering you with valuable insights to determine if this path is the right fit for your unique circumstances and goals. By understanding the potential benefits, you can make an informed decision that aligns with your priorities and ensures a smooth, efficient sale
This is a subtitle for your new post
Looking For Home Buyers In Bradenton? We Analyze The 3 Ways To Sell Your Home In Bradenton If you own a home and are thinking about selling to home buyers in Bradenton, you have a number of selling options available to you. In this blog post, we’ll look at those 3 ways and break them down to help you determine which way is best for you. For most people, owning a home is the largest purchase of their lives. So it’s not surprising that the process of buying a home or selling a home can be extremely complex. Over the years, three home-selling options have developed to allow homeowners like you to sell to home buyers in Bradenton. As you think about selling your home, you need to decide which way to sell is best for you, given your goals and timeline to sell. Not sure with of these methods below is right for you? Click here to fill out the form or call (941)-786-0009 and we’d be happy to give you a no-obligation consultation
One question we get all of the time here at Golden Rule Home Solutions about our local Bradenton house buying program is, “Can you buy my house for cash in Bradenton or do I have to wait for a buyer to get a bank loan?“. Great question and totally valid. 95% of all buyers of houses listed with a real estate agent go through the traditional “bank loan” process, which can take from 20-60 days from the time you accept their offer, to actually close on the property. All the while you’re paying your mortgage payment, the utilities on the house, insurance, and a real estate agent commission at the end. Keep reading this article to learn about our local “ cash for houses in Bradenton” program and how we can close on your house in as little as 7 days.
Are you contemplating selling? You may be curious on which is the better option, a direct sale vs. hiring an agent when selling your house in Bradenton. Circumstances in life can alter your living situation, at times despite your desires. What’s important to note is the time required before closing with each option is just as much of a consideration as the effect each has on your finances.
Have you ever wondered what life would be like if you could roll out shelves in your kitchen cabinets? To simply pull out a magical drawer and voilà!! you find EXACTLY what you were looking for! My significant other and I stumbled across these life changing shelves that slide and decided to have these cabinet pull outs installed at our house in the Bradenton Sarasota area. Are rolling pull out shelves worth it? “Oh my gosh!! Now cooking will be so much easier!” Elayna screamed when she opened the kitchen cabinets and saw the pullouts for the pantry at our home in Bradenton Sarasota FL. Yes, I SURPRISED her! She then proceeded to roll out and slide back in the shelves over and OVER again with a BIG SMILE on her face. You know that feeling you get when you know you made the right decision? I DEFINITELY had it! I mean, who doesn’t LOVE home cooking?? The answer is, YES, cabinet pull out shelves are ABSOLUTELY worth it!
Mattress protectors are essential items for every Airbnb and Vrbo vacation rental host. Heck, they are a necessity in general for every bed in the house. Chances are, you have spent a lot of money on your beds and now you need to make sure your investment is protected. Mattress protectors will do more than just protect your bed from stains, they also can prevent bed bugs, dust mites, allergens, etc. However, when choosing a mattress protector, it’s not as easy as looking at these desirable features. Many of the mattress protectors out there have a lot of issues that can create an uncomfortable night for your guest. Two common issues with mattress protectors on the market are that they make crinkling noises and trap heat . Both of these issues would NOT make a pleasant experience for your Airbnb or Vrbo guests, so picking the wrong mattress protector could result in a negative host review.