While sometimes the foreclosure of your home and bankruptcy are your only options out of a difficult financial situation, the effects severely impact your credit rating and you may lose many of your possessions. In some cases, there are ways you can avoid foreclosure as well as possibly filing for bankruptcy.
First, you really need to have a clear picture of your finances. This means you need to write down all of your monthly expenses. This includes mortgage payment, utility bills, food expenditures and every item you spend money on every month. You also need a list of debts that you have, which not only includes car and house debts, but credit card companies and even money you owe to your friends or family. Compare these expenditures to your total income, and also make a complete list of your possessions and their approximate value.
Once you have this list, begin thinking about what items you can cut. If you are about to foreclose or are so deep in debt that you are considering bankruptcy, it is time to make some tough choices. For instance, can you get by with just one family car? Are there other items you can sell to pay off debts, such as jewelry or perhaps a luxury item such as a boat or motorcycle? Eliminate your landline and rather than paying for an expensive cell phone, opt for the cheapest plan possible. Cancel the cable and any extra subscriptions you have, and eat at home, rather than opting for restaurants.
Our mortgage payment is also a huge obstacle every month, and many people find themselves either unable to pay on time or have had to skip payments now and then. If your mortgage is simply more than you can afford, selling your home might be your best bet. It can eliminate a huge chunk of debt and sometimes you might even have a bit extra to help with moving expenses or paying down additional debt.
Putting your house on the market for a traditional sale, however, can take time and you might not be able to wait the weeks or months it takes to sell the home. In addition, the seller typically pays a substantial commission to the realtors upon the close of escrow, and this might not be something you can afford. So it probably would be best to contact a real estate investor or real estate investment firm. They buy Virginia Beach homes fast, often in less than 10 days time, so you will have cash in hand in just days rather than waiting for a home to sell.
If you have a home in Virginia Beach and are having severe financial troubles, such as attempting to stop foreclosure in Virginia Beach, contact VA Home Investments. Not do they buy homes quickly, they do not charge you any fees or take a commission from the sale. You can sell your home fast and you can sell it to them in "as-is" condition, meaning you don't even have to make any expensive repairs. They purchase homes in all areas of Virginia Beach in any neighborhood and in any condition and price range.
First, you really need to have a clear picture of your finances. This means you need to write down all of your monthly expenses. This includes mortgage payment, utility bills, food expenditures and every item you spend money on every month. You also need a list of debts that you have, which not only includes car and house debts, but credit card companies and even money you owe to your friends or family. Compare these expenditures to your total income, and also make a complete list of your possessions and their approximate value.
Once you have this list, begin thinking about what items you can cut. If you are about to foreclose or are so deep in debt that you are considering bankruptcy, it is time to make some tough choices. For instance, can you get by with just one family car? Are there other items you can sell to pay off debts, such as jewelry or perhaps a luxury item such as a boat or motorcycle? Eliminate your landline and rather than paying for an expensive cell phone, opt for the cheapest plan possible. Cancel the cable and any extra subscriptions you have, and eat at home, rather than opting for restaurants.
Our mortgage payment is also a huge obstacle every month, and many people find themselves either unable to pay on time or have had to skip payments now and then. If your mortgage is simply more than you can afford, selling your home might be your best bet. It can eliminate a huge chunk of debt and sometimes you might even have a bit extra to help with moving expenses or paying down additional debt.
Putting your house on the market for a traditional sale, however, can take time and you might not be able to wait the weeks or months it takes to sell the home. In addition, the seller typically pays a substantial commission to the realtors upon the close of escrow, and this might not be something you can afford. So it probably would be best to contact a real estate investor or real estate investment firm. They buy Virginia Beach homes fast, often in less than 10 days time, so you will have cash in hand in just days rather than waiting for a home to sell.
If you have a home in Virginia Beach and are having severe financial troubles, such as attempting to stop foreclosure in Virginia Beach, contact VA Home Investments. Not do they buy homes quickly, they do not charge you any fees or take a commission from the sale. You can sell your home fast and you can sell it to them in "as-is" condition, meaning you don't even have to make any expensive repairs. They purchase homes in all areas of Virginia Beach in any neighborhood and in any condition and price range.
About the Author:
Evella Clifford enjoys reading real estate blogs. If you are looking for real estate investor who can help in Virginia Beach sell house quickly, or to discover methods on how to stop foreclosure Virginia Beach, please check out the VA Home Investments site today.
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