Foreclosure Notice? Cash for Houses in Dallas Can Help Today!

If you have been late with your mortgage payments for more than 120 days or haven’t been able to pay your property taxes, you may receive a breach letter in the post. This is the start of the foreclosure process, which can feel overwhelming – but don’t panic! There are still options open to help you get out of foreclosure, including ones offered by our cash for houses team in Dallas. Here’s what you need to know.

The Foreclosure Process in Texas

The foreclosure process in Texas is a bit different to that in other states. Generally, residential foreclosures in Texas are known as “nonjudicial”, which means that the lender (the company or person who you have the mortgage contract with) can foreclose without having to go through a court process. If your deed of trust contains a power of sale clause, then a nonjudicial foreclosure can progress.

Once you receive the breach letter, you have 20 days to pay the outstanding amount (the loan payments as well as any interest or fines), which will immediately halt the foreclosure process and everything will go back to normal. However, most people don’t have that kind of cash flow and although there are ways to get a lump sum, like additional loans or property tax loans, the interest rates on these payments can be crippling for years to come.

If you don’t pay the outstanding amount within these 20 days, you’ll receive a notice of sale. Foreclosed homes in Texas are sold on the first Tuesday of each month at the county courthouse between 10am and 4pm, where homes will be sold to the highest bidder.

Essentially, you only have the time up until you receive the notice of sale to get out of foreclosure.

Why is it Important to Get Out of Foreclosure?

The single most important reason to try avoid foreclosure is to keep your home, but the consequences of this process can be much more severe and long-term. Homes at auction generally sell for fairly low prices, which can leave you in a position where you have to continue paying the remainder of your mortgage back to the lender when you no longer even have legal rights to the property.

Foreclosure also affects your credit record, making it even more difficult to get back on your feet. You may have greater difficulty getting a mortgage for a new property, qualifying as a renter for a new home, or even getting lines of credit for your car or at a store. Depending on your credit record, you may be charged more by lenders or even denied completely.

Foreclosure can be a devastating process that affects your life for many years to come, and banks simply don’t have much compassion for anyone defaulting on a home loan – even when it’s due to circumstances far beyond their control. Fortunately, there is a solution.

We Can Make a Market-Related Cash Offer on Your Home Today

The fastest and most effective way to get out of foreclosure and protect your credit record is by speaking to our compassionate, professional team. We’re not there to judge – we’re there to help you through fast, professional service.

With just one phone call, we can provide you with a competitive offer on your property – often much higher than what would result from a foreclosure auction. This allows you to pay off your mortgage, get out of foreclosure and keep your credit record clean. Depending on the offer, you may also have spare cash left over to make a deposit on a new home.

Because you only have about 20 days to get out of foreclosure, it is important to contact our team as soon as possible. Unlike estate agents, we’re happy if you’re selling as is – you don’t need to do any repairs, maintenance or remodeling. We buy directly from you in cash, so you’ll have the money in your account in days.

Find Out More About Cash for Houses Offers in Dallas and Fort Worth

Looking for cash offers only to get out of foreclosure? Our team can make you a cash offer on your home today, making selling as is easy, simple and quick! If you’re selling as is or want to sell your home quickly, we’re happy to buy it. You don’t need to take any professional photos, interview new real estate agents or make any costly repairs or upgrades to your property – and we offer a fair, market-based price too. Here’s how our process works:

• You enter your information on our website
• We’ll contact you directly to discuss an offer for your property (you can also get a free property evaluation from our website)
• You can accept or reject the offer
• You can also call us directly on 469-858-0088

Our team is compassionate and highly-motivated to offer you the best possible market-related price for your home you want to sell fast. With our process, you can sell your house in less than 24 hours.

At Shiny Key Properties, our trained consultants have years of experience in helping homeowners facing foreclosure or seeking cash offers only. To find out more about our cash for houses Dallas service or to look at homes for sale, please contact us today and speak to one of our friendly team members.