Avoid Foreclosure - Maryland Homebuyers


	Facing foreclosure? Unfortunately, you are not alone. This year in Maryland, there may be as many as 20,000 foreclosures. Maybe this will bring a little comfort to know you are not alone, but it does not change the fact that you must act—and fast! Foreclosures are devastating to home owners. Foreclosures can ruin your credit for many years and steal all of the equity out of your home. And if you think foreclosures end at loss of equity and bad credit, then think again. When mortgage companies file foreclosure lawsuits, who do you think will pay the legal fees?
	There are lots of reasons why people go into foreclosure. Often it is a result of an unfortunate financial setback like loss of job, illness or divorce. If this sounds like your situation, we may be able to help. It’s important to know that you do have options. But some options you should simply avoid.

	Options You Should Probably Avoid Bankruptcy. An attorney may advise you to file for bankruptcy to stop a foreclosure. Unfortunately, this may only delay the inevitable while costing you hundreds, if not thousands of dollars. Bankruptcy allows you to begin making payments on your home again. The problem is that if you miss one payment or send in a late payment, your lender may immediately begin the foreclosure process all over again. And it’s also important to remember that bankruptcy will adversely affect your credit report for up to 10 years, making it increasingly difficult to apply for new credit or even to obtain a new mortgage for a home that you actually can afford. Clearly, bankruptcy should be your absolute last resort. Refinancing. Many mortgage brokers will offer to refinance your home to stop foreclosure. But this will only increase what you owe on the home and you will have higher monthly payments since your new loan will be at a much higher interest rate. But if you are already having trouble making your payments at your current rate, this hardly sounds like a viable alternative. Listing with a realtor. Most realtors list houses. They don't actively try to sell your house. If you need to sell your house fast, this is rarely the answer. There will be a “For Sale” sign in your yard. Other realtors may bring potential buyers by your house that, unfortunately, aren't always qualified. And for those buyers that are qualified, what are the chances of the sale being closed (without contingencies) before your home goes into foreclosure? Probably slim to none! The national average of time it takes between listing a house and closing on the sale of the house is 6 months!

	What Maryland Homebuyers Can Do For You Our main objective is to provide a solution allowing you to deal with your problems as quickly and as easily as possible so you can get on with your life. The hardest part of a situation like this can be the unknown—wondering if your house is going to sell while you face the ominous and very damaging prospect of foreclosure.
	Maryland Homebuyers can offer you peace of mind. When you agree to sell to us, you will know that your burden of monthly payments, repairs, maintenance and all of the other headaches associated with your house will soon be behind you. It's your choice, but you must act now! Time is your worst enemy. Waiting will lessen your options and our chances of helping you. Don't let fear and anxiety keep you from making a decision that will allow you to rebuild your financial future. Complete our no-risk Purchase Offer Request Form and we’ll have an offer out to you right away, often within 48 hours! Take your first step to rebuilding your financial future. Contact Maryland Homebuyers today!