Frequently Asked Questions
Here’s a quick collection of some questions savvy homeowners ask us….
If you have additional questions, please don’t hesitate to contact us and we’ll be happy to answer it for you
Q: Will I lose all my equity if my property is sold at the auction?
A: During a foreclosure, you house is to be auctioned off to pay off outstanding mortgage balance. If the sale nets more than your outstanding balance, the lender must return the remaining positive equity. Lenders typically list the opening bid low just to cover their mortgage balance and investors usually pay a fraction of what the property is worth. If you have equity, allowing your property to be sold at the auction may be the riskiest thing you can do
Q: What are ways to stop foreclosure?
A: You can stop foreclosure by reinstating your loan (curing your defaults), paying off your mortgage or by filing for bankruptcy.
Q: Is it too late if an auction date has been set?
A: NO! Once the trustee issues a Notice of Trustee Sale, you have about 21 days before the property will be sold to the highest bidder at a public auction. You still have options to stop the foreclosure but I would suggest you to contact us IMMEDIATELY.
Q: What is the best option for a homeowner going through foreclosure?
A: Great question and there’s only 1 answer which is REINSTATE your loan. Bringing your mortgage current is the best scenario to avoid taking a hit on your credit and being able to remain at your property. Unfortunately for most, it’s not a viable option. We’ve done our research and realized most home owners are not aware of all the ways they may be able to obtain short term funding. We hope you contact us to learn about it.
Q: I have time so why do I need your help?
A: When you’re early in the foreclosing stage, you have many options such as…..
working with your lender and explore what they can offer you. The bank needs time and approval from upper management. If you wait too long, this option may not be available
working with an agent to list the property however this will take some time for showings and the potential buyers need time to get financing
DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself.
Q: How have you helped people in similar situations?
A: Every situation is different but we’ve helped many people going through the foreclosure process by exploring all their options and results will usually be:
- Finding a way to reinstate the loan if the initial issue what a short term
- Resources for working with your lender to do a loan modification and payment plan
- Temporary stopping the auction sale so a homeowner gets more time to sell the property and get cash to have a fresh start
- Referring a real estate agent so the homeowner can list the property for the highest value
- Introducing a cash buyer for fast closing and the convenience allow seller to stay for an extended time after closing so seller has time to prepare next step
Q: Are there any fees or commissions to work with you?
A: NO! This is what makes us stand out. We don’t charge anything and will share our resources with you FREE of charge.
Q: How are you different from other investors?
A: Average investors calling you can only do one thing which is a low ball cash offer. I’ve dedicated resources and manpower to share with homeowners and we don’t expect a dime. We have a vast network of professionals that can deliver and help homeowners in the Sacramento region and through out CA.
*The people contacting you can only offer you a low ball cash offer. We can give a cash offer too however it’s not always the best option for you.
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, set up a call with you and explore options available to you. From there, it’s 100% your decision on whether or not you’d like to work with us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.