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Stop foreclosure

Cash buyers are usually real estate investors. They specialize in purchasing homes where the seller wants or needs to sell quickly. A cash buyer has the ability to give you full cash for the purchase of your home. Visit http://www.dannybuyshousesokc.com/ for more details

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Stop foreclosure

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  1. HOW TO STOP FORECLOSURE Danny Buys Houses is a Local House Buying Company in Oklahoma City OKC. We purchase your house in any condition for cash without any hassle as quickly as possible. No Fees. No Commissions. Put More Cash In Your Pocket. www.dannybuyshousesokc.com

  2. Reasons For A Pending Foreclosure Most homeowners face sudden extenuating circumstances that force them to stop making timely mortgage payments. Here are a few reasons: • Job loss / unexpected unemployment • Sudden illness or medical emergency • Divorce / loss of a second income • Excessive debt obligations • Job demotion or promotion denials • Inability to pay an adjustable interest rate that increases • Unexpected major home maintenance expense But you can STOP the FORECLOSURE. www.dannybuyshousesokc.com

  3. 1. Bankruptcy Bankruptcy stops foreclosure dead in its tracks. Once you file a bankruptcy petition, federal law prohibits any debt collectors, including your mortgage lender, from continuing collection activities. Foreclosure is considered a collection activity, and so the day your lender becomes aware that you have filed for bankruptcy, the foreclosure process will effectively be frozen. But here’s the rub; once you get to court, the bankruptcy trustee’s role is simply to play referee or mediator between you and your creditors. Bankruptcy really just buys you more time to replace your lost job or recover financially from a temporary disability; it doesn’t let you off the hook for your debts. The law requires your mortgage company and other creditors to work in good faith with you to formulate a reasonable repayment plan so you can get back on track. Consult with a bankruptcy attorney regarding whether filing for bankruptcy is a good strategy for you. www.dannybuyshousesokc.com

  4. 2. Deed In Lieu A deed in lieu of foreclosure is exactly what it sounds like. The homeowner facing foreclosure signs the deed to the home back over to the bank -- voluntarily. This sounds like it would be a great option, but actually has the same impact on a homeowner’s credit that foreclosure does. Lenders are very reluctant to agree to take a home back through a deed in lieu of foreclosure for a number of reasons: They fear the homeowner will sue later alleging they didn’t understand what was happening, the lender must pay any second or third mortgages or home equity lines of credit (HELOCs) off before executing a deed in lieu, and the lender wants to be certain that the borrower’s financial distress is real. Allowing the foreclosure process to proceed is one way the lender can be sure the borrower is not faking poverty. www.dannybuyshousesokc.com

  5. 3. Sell Your Home This may be another best option to stop your foreclosure. Along with your delay tactics you may ask can I sell my house to avoid disclosure. The answer very well may be yes. However, this is something that you will want to do quickly. Otherwise the lender is going to lose patience. The question can I sell my house to avoid disclosure means looking at your options for house selling. This includes selling it yourself, selling it through a realtor or a cash sale. You have the ability to approach a cash buyer for your home. There are some pros and cons to this. In the right circumstances this can be the best solution for a stop my foreclosure situation. www.dannybuyshousesokc.com

  6. Why A Cash Sale Of Your House Is The Best Option? Cash buyers are usually real estate investors. They specialize in purchasing homes where the seller wants or needs to sell quickly. A cash buyer has the ability to give you full cash for the purchase of your home. This means no waiting for financial approval for the buyer. The transaction moves quickly and will satisfy your lender. You don’t have the legal fees that come with a traditional sale. There is no waiting for the right buyer to come along. You don’t have to worry about doing any repairs to the home to make it sellable. You are far more likely to come out with some extra cash from the sale to a cash buyer. This will depend on your personal circumstances. At the very least you may be able to salvage your credit rating. www.dannybuyshousesokc.com

  7. Contact Danny Buys Houses 3415 N Maxwell Dr Oklahoma City, OK 73121 Phone : 405-633-1154 Email : danny@dannynichols.com Facebook : Danny-Buy-Houses-OKC

  8. THANKYOU

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