How to Fight Back Against Foreclosure in Lees Summit

foreclosure effects

Time is of the essence. Unfortunately, those words can hit deeply when an impending foreclosure is on your horizon. But, before it’s too late, you should take the lead and take immediate action to head off foreclosure with your lender. When your home is at risk, the unknown outcome can cause a great deal of stress, and knowledge truly is power, especially when it concerns a financial matter as serious as a foreclosure in Lees Summit. By educating yourself on the specifics of the processes involved in foreclosures, you’ll have a clear blueprint to a better tomorrow.

We’ve gathered together the following tips to help you understand the ways you can fight back against foreclosure in Lees Summit.

Make the First Move

The best way to fight back against foreclosure in Lees Summit is to be upfront with your lender about upcoming financial problems or other issues which will interfere with your ability to maintain your monthly mortgage payments. Your lender may be willing to work with you towards maintaining the mortgage through special financial arrangements, such as a forbearance plan that might waive payments for a short period and tack them on at the end of your loan term. Or they might consider a mortgage modification. If you’re considering selling as a solution, working with a professional investor from kcmoHomeBuyer can help you understand your options. If you believe you could afford the holding costs to wait for a buyer to come along, you’ll know what you would earn if you worked with a real estate agent or sold directly to kcmoHomeBuyer. 

It’s Not Too Late

If you’ve received notices from your lender and hesitated in making any moves to fight back against foreclosure in Lees Summit, but foreclosure proceedings have yet to start, reach out to the mortgage lender about a short sale or deed in lieu of foreclosure. A short sale requires the lender’s permission, allowing the property to sell for less than is owing on the existing mortgage. However, it’s important to note you may still be left owing the difference to the lender. Therefore, we encourage you to compare these options for yourself. Should you select to sell to kcmoHomeBuyer, in many cases, kcmoHomeBuyer offers our guaranteed closing within a matter of days. Need a few more days or weeks before you move? kcmoHomeBuyer can set a date that suits you best. And kcmoHomeBuyer is fully transparent with how we calculated our offer, so you’ll agree it is fair. 

Out of Time

If you are running out of time to do anything, one option to buy you a little time is filing bankruptcy.

A foreclosure will remain on your credit history for seven years following the first missed payment. Depending on the type of bankruptcy you file, this red flag could stay on your credit history for up to ten years. Suppose it has boiled down to a decision between which is worse for your credit, bankruptcy, or foreclosure. In that case, your unique situations causing the foreclosure are the deciding factor that will do the least amount of damage to your future. Both options can make attaining another mortgage difficult, depending on your credit history following the event. Possible consequences could include limited living options, your ability to acquire credit, and possibly missed employment opportunities. kcmoHomeBuyer may be the answer to your troubles. kcmoHomeBuyer can help you maintain your credit standing with our fast closings to fight back against foreclosure in Lees Summit. In addition, because the professional investors at kcmoHomeBuyer will pay you in cash, you won’t have to worry about financing approval delays. 

At kcmoHomeBuyer, we stop and take the time to listen to your circumstances. The pros at kcmoHomeBuyer can help you buy buying the house and paying off the lender, and once the lender is paid off, the ticking time bomb of foreclosure goes away. The professionals at kcmoHomeBuyer will help you win the fight against foreclosure in Lees Summit. We can make an offer to buy your home, or work with you to list your home for sale if you have some time to spare. To learn more, send us a message or call kcmoHomeBuyer at (816) 408-3600.

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Jason F in Lenexa

On top of the process every step of the way!

Great experience.  I was selling my fathers house. Very glad he sent a letter.  The house was dirty, it was stinky, it was packed with junk.  I just didn’t want to deal with it.  

I called Scott as well as several of the ads I found on google for people who buy houses.  Scott was great, he showed up when he said he would, he listened to what I had to say. He made me an offer and left it with me so I could “sleep on it”, which gave me time to review if with my brother.

Scott was on top of the process every step of the way, making sure I was informed and knew what was going on and when we had some paperwork issues at the title company, helped me work through that as well.

If you want a hassle free sale, give Scott and kcmoHomeBuyer a call.

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