If you’re facing the possibility of foreclosure in the future, perhaps you are wondering can you get your house in Grand Rapids back after foreclosure. After all, we all need a place to live!
Unfortunately, after the court rules in the favor of your lender and agrees with the lender to proceed with foreclosure, it is very hard for you to get your house back.
Instead of wondering can you get your house in Grand Rapids back after foreclosure, here’s another option…
The good news is, if you’re not in foreclosure yet, you have options.
The first and best option is always to pay off your mortgage or work out a payment plan with your lender. They will 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 will have be free of the debt to the bank and you won’t have the long-term negative impact to your credit score that a foreclosure would have.
This option is taking a longer-term view, which is why it works well for homeowners facing foreclosure. It is 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 is the key to selling your Grand Rapids area home fast so the bank can’t take it
You could work to fix up your house and list it For Sale Buy Owner, or possibly through a real estate agent. However, that takes a lot of time and effort and if you get an offer it often takes 30+ days to close. 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 a buyer, there are many companies that can do this for you. Companies like AKJ Sell Today will buy the house from you at a reduced price, and very quickly.