For those who are homeowners in Napa County, we’ll cover the 5 ways to stop foreclosure in Napa County, and how Sell Quick California can help you overcome them. Traditional listings for this type of property are not suggested as they don’t attract most buyers, take far too long, and are too costly for most owners of a distressed property.
Life can bring unexpected changes that leave you searching for solutions. Homes can fall into states of disrepair that are far beyond the owner’s capacity to handle. There could have been a death, divorce, illness, or job loss, leading to lost income or a forced relocation at play.
In this article, we’ll walk you through dealing with a distressed property. We are house buyers in Napa County and we know how your situation is stressing you. As homebuyers in Napa County CA, we can help you have a stress-free sale by buying your house from you! Let’s dive into some of the options to sell a distressed property in Napa County CA.
Negotiate
Negotiating with the lender before proceedings begin is one way to stop foreclosure in Napa County if there is still enough time. Your lender may be more open to negotiating with you than you may believe. As foreclosures can take years to finalize, an average of 830 days, lenders have a great deal of leeway in giving leniency to borrowers to reorganize their finances and overcome temporary setbacks when possible. There are also programs in place that you may qualify for that could offer assistance in times of hardship.
Short Sale
If you have defaulted on your mortgage loan, a short sale is another way you can stop foreclosure in Napa County. With the lender’s approval, the home is sold at current market value, even if that is far below the amount still owed on the mortgage. However, a short sale is impactful on your credit score, and you may not have the immediate ability to attain another mortgage. You may also need to consult your tax professional, as second mortgages for uses other than home improvement may now be considered taxable income.
Bankruptcy
Filing for a chapter 13 bankruptcy may be a way you can stop foreclosure in Napa County. For example, suppose you have overcome the circumstances that interrupted your income stream, and you’re now able to arrange a chapter 13. In that case, you will be restructuring your debt, making your regular mortgage payments along with payments on the arrearage, typically for a period of up to five years. Chapter 7, on the other hand, will give you a little breather while you stall payments temporarily and play catch up.
Deed In Lieu
Signing the mortgage back over to the lender and walking away, known as a deed in lieu, is another way you can stop foreclosure in Napa County, satisfying the loan. However, you should be aware that junior liens, such as equity loans attached to the property through the deed, are undesirable to the lender and may prevent you from taking this route. In this scenario, foreclosure is more favorable for the lender because it will wipe out those existing debts. A lender will not act upon this option without your reaching out in writing and stating to the lender that you’re making this offer voluntarily.
Sell Quick California
Selling a house as is to Sell Quick California may be the best way you can stop foreclosure in Napa County. It is crucial that whatever action you intend to take is taken quickly to avoid paying the heavy penalties associated with a foreclosure for years to come, and Sell Quick California is poised to step in and help you immediately. We will provide you with a guaranteed closing date, often in a matter of a few weeks or less. If you are not ready to move, we are happy to arrange a leaseback at fair terms; the direct buyers at Sell Quick California will work with you to help make the transition as smooth as possible for you and your family. Selling directly to Sell Quick California is a quick and easy process; you avoid paying high real estate commissions, the expenses of listing and marketing the property, the hassles of showings, and there is no need to worry about making any repairs.
A direct buyer from Sell Quick California will lay out all of the numbers for you because our goal is to be certain you agree that our offer is fair. We do this at Sell Quick California because we want you to feel good about the deal long after closing. Why not see how much Sell Quick California will pay for your house right now, as-is for cash? Contact Sell Quick California today at 1-866-497-8248.
Interested in more great articles, read this one about the Why Sell Quick California is Buying Houses For Cash in Los Angeles County.
Sell My House In Napa County CA To An Investor
No matter which option you choose, make educated decisions by taking the time to understand all of your options. We’re here to assist you with your current situation. We are Napa County investors and we can buy your house from you. This means that you can sell house for cash in Napa County directly to us no matter your situation.
When working with Sell Quick California, you don’t have to worry about fees and commissions! You can get a cash offer in just a few days as we offer cash for houses in Napa County CA.