How to Stop Foreclosure: Sell Your House Fast for Cash

For homeowners struggling with their monthly mortgage payments, facing foreclosure is a stressful and challenging situation. Even as economic uncertainty and high interest rates rise, you still have options to stop or prevent foreclosure and regain control. AJ Home Solutions is your expert partner when you need to sell your house fast for cash in Lancaster and the Central PA area. We offer simple, flexible and immediate solutions for every situation.

Understanding the Foreclosure Process

Foreclosure is a legal process in which a lender forces the sale of a property after the borrower fails to meet their loan payments. The lender takes ownership of the property to recover the debt. Foreclosure rules, processes and timelines vary according to your area, but federal law requires mortgage servicers to wait 120 days before starting the process.

Your Options to Stop Foreclosure

There are several things you can do to stop foreclosure at any point in the process before the final auction date. You can talk to your lender and modify your mortgage terms or sell your home independently. You’ll need to find a buyer and finish the sale before the foreclosure finalizes. A short sale is also an option, in which the bank allows you to sell the house for less than you owe. However, it doesn’t guarantee debt forgiveness.

As a final resort, you can file for bankruptcy. Bankruptcy is not a one-size-fits-all solution since not all filings are eligible to stop mortgage debt, and it can impact your credit score.

Why Selling for Cash Is a Viable Solution

Trusting a reputable company that buys houses with cash is one of the best ways to stop the foreclosure process and, in some cases, even gain profit. Some of the reasons why selling your home for cash is the best choice for you include:

1. Speed: A cash sale is faster than traditional methods.

• Certainty: They are guaranteed sales with no financing contingencies.
• Convenience: Cash sales follow a simplified process with less paperwork.

Our Steps to Selling Your House Fast for Cash

AJ Home Solutions follows a simple, transparent process to buy or help you sell your home fast. We are true cash homebuyers and different from wholesalers, providing unique solutions for every homeowner. 

Our simple process includes:

Request offer: Our team reviews your request for an offer.

Property visit: We make a quick visit to discuss your situation.

Cash price offer: You get a fair cash price within 24 hours.

Closing and settlement: We will issue a check and settle at a title company within 10 days.