How to Stop Foreclosure in Tacoma, WA
Did you know that it’s not too late to sell your house before foreclosure? You can keep a foreclosure off of your credit record when you sell your house fast for cash. Tacoma Cash Offer can make a fast cash offer on your home today and close in as little as thirty days. You don’t have to let a foreclosure ruin your credit if you act now.
“How do I sell my house fast in Tacoma, Washington?”
Tacoma Cash Offer helps you sell your house fast before it goes to foreclosure. It doesn’t matter why you are selling your house or how long it has been on the market. We can make a cash offer and take over the house as quickly as possible so that you can get out from under it.
What is Foreclosure?
When you fail to make mortgage payments on your home or if you breach your mortgage contract, the lender can repossess the home according to the guidelines in your contract. During foreclosure, the lender may attempt to recover any lost money by reselling the house.
If the bank does not recoup 100 percent of the remaining balance on your loan, you may be legally liable for paying the remainder of the balance. There are a number of reasons why you may stop paying your mortgage payments.
- Natural disaster
- Relocating before selling the house
- Increase in living expenses
- Medical emergency
- Taking on too much debt
- Losing your job
- Losing part of your income due to death or divorce
While banks are willing to work out a payment plan, non-payment will ultimately result in foreclosure. However, you don’t have to wait that long to get out from underneath your mortgage. The fastest way to avoid foreclosure is to sell your house for cash. At Tacoma Cash Offer, we buy houses as-is. We buy houses in any condition regardless of your current situation.
Foreclosure Laws in Washington
If you are facing a foreclosure in Washington, you will likely go through the process without going to court. Both federal and state laws grant you certain protections before and during foreclosure such as:
- The lender must wait at least 120 days before beginning any foreclosure process.
- The lender must give you options for avoiding foreclosure, depending on your particular situation.
- The lender must attempt to contact you by phone with 36 days after you fail to make a payment.
- The lender must also inform you of their intent to foreclose on your home if you respond to any phone call or letter within 30 days.
Although Washington law works to your favor in most instances, there is one law that works toward the lender’s favor. There is no post-sale redemption period. Once the bank forecloses on your house, it does not have to give you a grace period to buy the house back. So, if the bank is about to foreclose on your house, then talk to our local house buyers at Tacoma Cash Offer. Our company purchases property as-is so that you can avoid foreclosure.
How Does It Work?
When you put your house on the market, you may go through a realtor, list the house, make a few repairs, and show the house to individuals or host an open house. This is a traditional method that can cost you time and money – two things you don’t have if you are in danger of foreclosure.
Selling your house fast for cash works differently. Tacoma Cash Offer provides a simple process without all of the hassle. Our easy steps include:
Step 1: Schedule a Quick Walk-Through
Call one of our five investors and schedule a visit to your home. Since we are local cash home buyers in Tacoma, Washington, we can arrive quickly so that you don’t have to wait. Don’t worry about making any repairs or cleaning up. We like to look at and buy the house as-is.
Step 2: We Make a Cash Offer on Your House
If we decide to purchase the house, we’ll make a cash offer. Keep in mind that you may not receive your original asking price on the home. After all, we are investors, not real estate agents. However, we will make a fair offer based on a percentage of the home’s market value or your original ask price.
Step 3: You Make Quick Cash at Closin
If you accept the offer, then we schedule a closing date. You may be able to close in as little as seven days of the sale. In addition, we pay the closing costs. You don’t pay any realty fees or commissions. We pay you in cash so that you can walk away from your home. It’s the fastest and easiest way to sell your house for cash fast.
Sell My House Fast
in Tacoma, Washington
If you get a call from an out-of-town investor who wants to make an offer on your home without looking at it, then beware. You may accept an offer that is too low. Out-of-town investors don’t know your situation, the local housing market, or the true value of your home. We do!
Tacoma Cash Offer investors are local. We live in Tacoma, Washington, and work with sellers in the surrounding area. We understand the struggles you may go through trying to avoid a foreclosure. Furthermore, we know the market and what your property may be worth. As such, we will give you a fair offer and not lower once we’ve seen your house.
Don’t settle for less than working with local house investors here in the Tacoma, Washington area.