Stop Foreclosure On Your House in Kansas City
Don’t lose your equity and ruin your credit. Learn how to stop the foreclosure.
Are you in Kansas City facing foreclosure?
Experiencing a financial setback?
Has your Adjust Rate Mortgage reset? Are you unemployed or have had to move for work? Had debt put your in hardship? Don’t worry – you don’t have to foreclose your home. I have a fast solution to your problem – we want to stop foreclosure and buy your home!
Not ready to sell? Let’s explore how to potentially stop this forfeiture and how to get help from the government. We will closely look at all processes and help you get back on track fast.
What is foreclosure?
Foreclosures are the legal proceedings to repossess property. This occurs when the homeowner fails to pay their mortgage. Often the property ends up in an auction, but if it can’t be sold at an auction, it becomes a part of the lending institution.
Types of foreclosure
Zillow identifies two types of foreclosure – judicial and non-judicial.
The process of Judicial Foreclosure can span from 4 to 8 months and includes:
- A civil lawsuit is formed against the borrower.
- Everything is handled by the legal court system.
- A notice of pendency is performed.
- The court agrees or disagrees on the lender’s decision of foreclosure.
- The notice of sale is published.
Or, the process for a Non-Judicial Foreclosure may take up to 12 months and could look like:
- A deed of trust conveys an interest in real property to a third party to hold as security for repayment of a debt.
- The trustee is able to begin foreclosure.
- Notice of Default is recorded and the borrower is given a deadline to repay what he owes or object.
- A Notice of Trusteee’s Sale is recorded and the auction is decided on.
How to avoid losing your home in Kansas City
If you have difficulty paying your mortgage, contact your loan servicer immediately. The Federal Deposit Insurance Corporation (FDIC) encourages loan providers to find a solution with you. Work directly with your servicer, as offers which are too good to be true are usually a scam.
How can the government help?
The U.S department of Housing and Urban Development provides several programs, which can help you avoid foreclosure.The list includes the Making Home Affordable © (MHA) Program; this strategy is to “help homeowners avoid foreclosure”. Entities like the FDIC also work towards helping you make easy and affordable repayments to your home.
How to stop the loss process of your Kansas City home
The Urban Affairs Coalition created a resource guide which will help you stop foreclosure. The guide features up-to-date information on how to avoid and stop you from losing your Kansas City home.
Here are some tips on how to stop foreclosure:
- Contact the lender as soon as possible.
- Consider loan modification or any other options available to you.
- Refinance your loan.
- Sell your home.
If the fourth option seems the best, we’re here to help. We buy houses in Kansas City fast and for cash. Within 24 hours of filling out the form you can have a cash offer in your hand. Not only do we pay cash for houses, but we can close in just a matter of days!
How can Plains Wind Property LLC help?
We buy houses across Kansas City. We work fast to get you a no-obligation cash offer for your house within 24 hours.
We’d love to talk to you today about your experience. We’re here to help even if you decide not to sell your house.
Give us a call at (816) 287-0329 or fill out our form to get started. We look forward to talking with you.
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