In the event that you are facing the risk of foreclosure in the near future, you may be asking if you can get your house back in Atlanta after it has been foreclosed on. After all, you’ll need a place to call home soon!
Unfortunately, once the court rules in your lender’s favor and authorizes the lender to proceed with foreclosure, it is extremely difficult for you to reclaim your home.
Instead of wondering if you can get your house back in Atlanta after it has been foreclosed on, consider this alternative…
However, if you are not currently in foreclosure, there are still solutions available to you.
Paying off your mortgage or negotiating a payment plan with your lender is the first and best choice available to you. They’ll prefer to retain you in your home and only collect the money that you owe them rather than selling you.
If that is not an option for you at this time, you may want to consider what a large number of homeowners facing foreclosure are doing: filing for bankruptcy. Sell your home before the home is foreclosed upon and pay the lender what is owed to them.
The fact that you’ll have to give up your home makes this a less desirable alternative than foreclosure because you’ll have paid off your obligation to the bank and won’t have the negative impact on your credit score that a foreclosure would have is still worth considering.
Foreclosure prevention is a proactive and long-term strategy, which is why homeowners facing foreclosure appreciate it: it’s proactive because you’re taking control of your financial situation; it’s long-term because you’re accepting the short-term discomfort of selling your home in exchange for the long-term benefit of improving your credit rating.
What you need to know about selling your Atlanta area home quickly so that the bank won’t take it.
Try to find a buyer for your house and put in some effort into that search. However, finding an investment firm that can buy your house as-is for cash quickly is a speedier and easier choice. Instead of devoting all of your time and energy to attempting to find a buyer, there are numerous companies that will do the legwork on your behalf. Companies such as Georgia Fair Offer will purchase your home from you at a fair price and in a short period of time.