We Specialize in Foreclosure Solutions. (Real Estate)
Our company acknowledges the curveballs life can throw from time to time. Well simple realty service is here to tell you all that there are solutions to most problems in life. We are here to take the foreclosure process off anyone’s hands, and make the process very much less stressful than it already is. Many people in a similar situation may be tempted to let the bank foreclose or to declare bankruptcy. However, these options may not be in their best interest. We specialize in foreclosure avoidance and we have helped many people in similar situations. We will gladly discuss available solutions in this blog and would be happy to provide references of past clients. Many homeowners contact us to review their current options whether their goal is sell or modify the existing loan and save their house. We also want to let you add that we are preferred mortgage debt negotiators with foreclosures. Just last week we stopped a pending foreclosure for another homeowner whose loan was also with their bank. The outcome of a successful foreclosure can be very catastrophic to a persons credit & life in general may never be the same after that specific even.
“According to FICO, if your credit score is 680, a foreclosure will drop your credit score on average by 85 to 105 points. If your credit score is excellent at 780, a foreclosure will drop your score by 140 to 160 points. In other words, the higher your credit score the more it will get smashed! High credit score holders must think much more carefully before foreclosing or conducting a short-sale. My TransUnion credit score dropped from 790 down to 685 during my tenant’s $8 non utility bill payment debacle a couple years ago, so I completely believe FICO’s figures.”
Once your credit score gets trashed, it takes anywhere from three to seven years to fully recover. Sometime your score may never fully recover at all.”
As you can see the damage it can have, if nothing is acted upon the situation. It surprises us the percentage of individuals in the process tries to avoid or acknowledge the problem due to have some sort of uncomfortable depressing feeling. Thinking it may defuse the problem, but in reality it is just making the situations way worst than it has to be. Texas foreclosures occur quickly. In just 60 days an uncontested foreclosure can be completed. If the lender seeks a delay or if the borrower contests the foreclosure or files for bankruptcy then it will take longer to foreclose on the property. Individuals need to stop avoiding this situation, and look for advice from specialists like our company. We have testimonials from past clients to show you all. We will definitely show understanding to all foreclosure situations & we know how hard emotionally it can be to handle.
Simple realty service knows we can help anyone in foreclosure circumstances or at the very least lend some valuable advice. Contact us as soon as possible to discuss your current situation. You can reach us at 956-377-4040.