How to Stop Ohio Foreclosure and Keep Your Home
For many Americans, living paycheck-to-paycheck is the norm. Although you once might have been able to afford your mortgage payments, circumstances may have changed in recent months. Whether you’ve lost your job, have been saddled with medical bills, or have otherwise found yourself in debt, paying your mortgage in full and on time might no longer be possible.
If you’re worried you could soon be facing Ohio foreclosure or you’ve already been notified by your lender, you’ll probably want to stop this process. Let’s take a closer look at what you should know when you’re dealing with Ohio foreclosure.
How to Keep Your Home When Facing Ohio Foreclosure
The thought of losing your home can be a huge source of worry. Fortunately, there are a few options that may allow you to keep your current home and stop the foreclosure process.
- Mortgage Reinstatement: You may be able to pay back the amount you owe on your mortgage payments as a lump sum before a specific date. This lump sum may include penalty fees and interest.
- Forbearance: Your lender could grant you forgiveness on the payments you’ve missed if they feel you have a valid reason. This may involve creating a repayment plan to lower or suspend your payments on a temporary basis.
- Loan Modification: You may be able to refinance your existing mortgage loan to extend the terms and make payments more feasible, provided you can prove that your financial concerns aren’t permanent.
How to Stop Ohio Foreclosure With Help From Home Buyers
If foreclosure is inevitable or you want to relieve yourself of the financial burden of homeownership, you should consider working with cash home buyers. Our foreclosure experts can help you decide which option makes the most sense for you — whether you’re able to stay in your home or you need to sell your house fast. For more information on stopping Ohio foreclosure, please contact Lorain County Homebuyers today.
Want To Keep Your Home?
We May Be Able To Help.
Keeping your home during a foreclosure is possible. Here’s how…
Not all foreclosures have to end in the homeowner losing their home. Most homeowners going through foreclosure don’t know all of their options, and it’s not your fault. In some cases you may be able to stop foreclosure, or if you’re not quite in foreclosure but heading there… we may be able to help you avoid foreclosure.
There is a lot of mis-information out there about foreclosure and the foreclosure process. And frankly, new regulations from the government seem to come out every few months.
But, there are options that could help you stay in your home if your situation qualifies.
Fill out the quick form below and we’ll set up a Foreclosure Prevention Counseling Session with you and one of our foreclosure experts. The session is free. We’ll find out about your specific situation, give you some education to help you better navigate the foreclosure process successfully, and lay out your options so you can make a well informed decision.