Don't Stress—We Have Options to Help!

Facing foreclosure is no doubt a precarious time. What’s important to know is that you have options to help you sell your home without having to face the repercussions of foreclosure. If you are in the pre-foreclosure process, you can sell your home to Todd Home Offers for cash before foreclosure occurs. 

Our experienced representatives will provide you a fast, fair, and free cash offer on your home. If you accept the offer, you can receive the money you need in as little as 7 days. Call (661) 618-6622 today to speak directly with a knowledgeable associate. 

Options from Your Mortgage Lender

When you are unable to fulfill the contractual obligations of your mortgage agreement and your lender begins the process of reclaiming your home, there are options they may offer you to keep you in your home, such as:

Forbearance – Your lender agrees to lower your payment or suspend your mortgage payments for a specified amount of time. The missed payments will then be tacked on to the end of your loan term. According to the Consumer Financial Protection Bureau, homeowners should be careful when requesting a forbearance, since interest continues to accrue during the reduced or paused payment period. You may be required to pay everything back at once in one lump sum or make higher monthly payments to cover the suspended payments.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allowed homeowners who had loans that were backed by the federal government (FHA, VA, USDA, Fannie Mae, and Freddie Mac loans) and who were experiencing financial hardship due to COVID-19 to request the temporary suspension of payments for up to 180 days and to request an additional 180-day extension.

In some cases, at the end of the forbearance period, you may be unable to make the payments on the remainder of your loan. Whenever you are seeking forbearance, it is imperative to ask how and when you will be required to repay the suspended amount. If you requested forbearance and are now unable to make your mortgage payments, our team can help.

No matter what your situation, whether it is related to the coronavirus pandemic or not, we can get you money for your home prior to auction. For instance, if your lender allowed you to postpone payments for up to 3 months, but you are now unable to repay the amount and are facing foreclosure, we can help you avoid auction and sell your home fast. We can close escrow in as little as 7 days, helping you get the cash you need now and avoid foreclosure. Call Todd Home Offers today for more information on selling your home after forbearance.

Loan Modification – The terms of your current loan are restructured to make your monthly payment more manageable. In order to apply for a loan modification, you will need to contact your mortgage servicer and may be required to provide proof of financial hardship. 

While these options will keep you in your home, they are all contingent on the fact that you will still be able to pay the remaining balance of your loan in due time. Depending on your situation, these choices may not be right for you. If you are facing foreclosure in California, we can discuss your options with you and help determine the best course of action. 

Help for Homeowners Facing Foreclosure After Eviction Moratorium Ends

The Judicial Council of California voted 19-1 to end a temporary moratorium on evictions and foreclosures. The emergency rules were initially approved by the council in April to assist those hit hardest by the pandemic. With this vote, the moratorium will only stay in effect until midnight on September 1, 2020. 

The Chief Justice has stated that by letting these emergency rules expire, it is now in the hands of the legislative and executive branches of California to find more permanent measures for those financially impacted by the Coronavirus. The court notes that by rescinding this statewide moratorium, an unprecedented number of homeowners who had relied on this relief may be forced into foreclosure. 

Facing foreclosure can be overwhelming and frustrating. It is important to know that you are not alone. Tens of thousands of people are likely to be in the same situation because of the loss of a job or financial difficulties. At Todd Home Offers, we understand that these are challenging times for you and your family. We want to get you back on your feet without having to go through the devastation of a foreclosure.

If you are at risk of losing your home once the California eviction moratorium is lifted, we can help. Todd Home Offers will provide a cash offer for the sale of your home. Even if you are in the pre-foreclosure process or within 10 days or less of an auction, we can buy your home, helping you to avoid the damaging hit to your credit.

Some of the benefits of selling to Todd Home Offers include:

  • Quick, 7-day escrow
  • Protects your credit 
  • Get cash fast, when you need it most
  • No closing costs or other exorbitant fees
  • No appraisals
  • Home is purchased As-Is, no out-of-pocket costs for maintenance and repairs
  • Hassle-free, no-obligation cash offers made fast
  • Avoid foreclosure auction

Our process is fast and easy. Our team is available nights and weekends to view your property and make an all-cash offer for you to consider. If you are going into auction in 10 days or less, give us a call, and we can save you from credit damages that may drag on for up to 7 years.

Find out what your home is worth today, by calling our office at (661) 618-6622 or filling out our online contact form to receive your cash offer. We have locations throughout Northern and Southern California. Get the money you need today without the hassle and frustration of putting your home on the market. 

Get Started Today

Selling your home may be the best option for you to be able to avoid bankruptcy and all of the effects of that.  Don’t worry that it can take months to sell your home, that is where we come in. We can buy your house for cash, in as few as 7 days.

Get started today by sending over a little information about your home, and we will provide you with a no-obligation, free cash offer.  There are no strings attached and no requirements to move forward with the sale of your home.

Get Started!