We Buy Houses In Corvallis, Oregon. If you’re facing the possibility of foreclosure in the future, perhaps you are wondering, “Can I get my home back after a foreclosure, or must I sell my house in Corvallis OR to avoid foreclosure?”. After all, you need a place to live in!
As homebuyers in Oregon, we know that it will be very hard for you to get your property back after the court rules in favor of your lender and agrees with the lender to proceed with foreclosure. Instead of wondering if you can get your property in Corvallis back after foreclosure, the good news is, if you’re not in foreclosure yet, you have options.
Your Options In Corvallis OR
The first and best option is to pay off your mortgage or work out a payment plan with your lender. They’ll prefer to keep you in your house and instead just collect the money owed to them.
If that’s not an option for you at this time then you may decide to do what a lot of homeowners facing foreclosure are choosing to do: Sell your home before the home is foreclosed upon and pay the lender what is owed to them. While not an ideal option (because you’ll have to give up your house), it’s still a preferable option to foreclosure because you’ll have cleared up your debt to the bank and you won’t have the long-term impact to your credit score that a foreclosure would have.
This option is proactive and long-term, which is why homeowners facing foreclosure love 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 a better credit rating.
Here’s a secret to selling your Corvallis OR area home fast so the bank can’t take it.
Cash For Houses In Corvallis OR
You could work at trying to find a buyer to take your home. However, a faster and easier option is to find an investment firm that buys houses as-is for cash, fast. Instead of spending all of your time and energy trying to locate possible Oregon home buyers, there are many companies that can do this for you.