If you are facing the future possibility of foreclosure, you may be wondering if you can get your New Orleans house back after foreclosure. After all, you need a place to live!
Unfortunately, it’s tough to get your house back after the court rules in favor of your lender and agrees to move forward with foreclosure.
Instead of wondering can you get your house in New Orleans back after foreclosure, here’s another option…
The good news is that you have options if you’re not in foreclosure yet.
The first and best option is to pay off your mortgage or work out a payment plan with your lender. They would rather keep you in your house and instead just collect the money owed to them.
If this is not an option for you, then you might choose to do what many homeowners facing foreclosure are deciding to do: Sell your home before the home is foreclosed upon and pay the lender what is owed.
Although this isn’t ideal because you’d be giving up your house, it is better because you’ll have cleared your debt to the bank and there won’t be any long-term effects on your credit score that a foreclosure would bring.
This option is proactive and long-term, which is why folks facing foreclosure love it: you’re taking control of your financial situation and accepting the short-term discomfort of selling your home in exchange for the long-term benefit of a better credit rating.
Here’s a secret to selling your New Orleans area home fast so the bank can’t take it
You can work hard attempting to find a buyer to take your home. However, a quick and simple option is to find an investment firm that buys houses as-is for cash, fast. Rather than wasting time and energy trying to find a buyer, there are many companies that will do this for you. Companies like Louisiana Direct Home Buyers will purchase the house from you at a reduced price, and very fast.
Simply fill out our form and tell us about your house, or just call us at (504) 224-9066 and let us know that you want to sell fast.
Check out these other blog entries we have posted on Avoiding Foreclosure:
Relief from Being Behind on Property Taxes in New Orleans
Can I give my house in New Orleans back to the bank without an expensive foreclosure?
Foreclosure Prevention Measures In New Orleans and the rest of LA
The Devastating Consequences Of Foreclosure In New Orleans For House Sellers
Help For Foreclosure In New Orleans – 3 Ways To Avoid Foreclosure
Foreclosure notice of default in LA– what is it?
What is a Pre-Foreclosure in New Orleans?
How to Avoid Foreclosure in New Orleans