Want To Learn How To Stop Foreclosure Now?
So, are you in foreclosure and want to learn how to stop foreclosure now? We’ve created free online guides to help homeowners just like you find out your options on getting out of the sticky situation you’re in right now.
You aren’t the first person to go through a foreclosure… and won’t be the last. So don’t feel ashamed. It happens.The best thing you can do right now is educate yourself on your options. For some people selling your home is the best option (we’ll make a fair all cash offer on your house today, just let us know about your situation here <<), sometimes we’re able to help homeowners STOP FORECLOSURE completely, and sometimes there are other options. So, click one of the buttons above to get your free foreclosure guide.
What Happens If You’re Facing Foreclosure?
Foreclosure can feel scary, but you’re not alone. Many people in California go through it every year. The key is to take action early. If you wait too long, your options start to shrink. But the good news is there are ways to stop foreclosure in California, and some of them are easier than you think.
When you fall behind on your mortgage, your lender will likely send letters, make calls, and eventually begin the foreclosure process. In California, there’s usually a 90-day pre-foreclosure notice that gives you time to take steps to avoid losing your home. That’s when you need to act fast and look at all your options.
Your Options to Avoid Foreclosure in California
There are several paths to explore if you want to avoid foreclosure in California:
1. Talk to Your Lender
Sometimes, your lender may offer help through a loan modification, repayment plan, or forbearance. These programs can give you more time or change your payments to help you catch up. But this only works if your income supports the changes and you act early.
2. Refinance Your Loan
If you still have decent credit and some equity, refinancing may help you lower your payments or make up missed payments. This option works best if the foreclosure process hasn’t gone too far.
3. File for Bankruptcy
Some people use bankruptcy to delay or stop foreclosure, but this is a big step with long-term credit damage. It should be considered a last resort, and you should speak with a professional before choosing this route.
4. Sell Your House Before the Auction
If you have little time left and no other options, the fastest way to take control is to sell your house fast before foreclosure. This lets you pay off the mortgage and avoid credit damage. Even if you owe more than the house is worth, a short sale might be possible.
5. Rent Out the Property
If your home is in decent shape and the monthly rent could cover your mortgage, you might consider renting it out. This could help you stay current on your loan while giving you time to plan your next move. Just be sure you understand what being a landlord involves and whether it’s realistic for your situation.
Prevent Foreclosure by Selling for Cash
If you’re short on time and don’t want to go through more stress, selling your home to a cash home buyer foreclosure in California could be your best bet. At Matt Buys Houses, we help homeowners in tough spots like foreclosure, every week. We understand the process, we move fast, and we pay in cash.
Here’s why a cash offer to stop foreclosure is a smart choice:
- Fast closings: Often in 7 days or less
- No repairs or clean-up: Sell your house as-is
- No fees or commissions: More money in your pocket
- We talk directly to the bank if needed: Saving you time and stress
A cash offer gives you control. Instead of letting the bank take your house and ruin your credit, you can take back your power and sell your house to avoid foreclosure. You may even walk away with money in hand depending on what you owe.
Can I Sell My House to Avoid Foreclosure?
Yes, you can and you should, as long as the foreclosure sale hasn’t happened yet. In California, the process takes several months, which gives you time to act. You can prevent foreclosure by selling for cash even in the final weeks, but the sooner you start, the better.
Many people ask us, “Can I really sell my house this late in the game?” The answer is yes. We’ve helped homeowners just days before the auction. In some cases, we’ve worked directly with the lender to delay the sale while we completed the purchase.
The important thing is not to wait. Once your home is sold at auction, you lose it, your credit takes a hit, and you could still owe money. Selling on your own terms is a much better way to move forward.
Why Selling for Cash Makes Sense in Foreclosure
Working with a cash home buyer in California is much easier than trying to list your home with an agent. With foreclosure on your record, traditional buyers may back out or take too long to get financing. Time isn’t on your side, so every day counts.
When you sell to someone like Matt Buys Houses:
- There’s no listing
- No waiting
- No inspections
- No buyer delays
- No showings or open houses
- Just fast results
We buy houses in California every month from people just like you, people who need help now, not in 60 days.
What Should You Do Next?
If you’re still wondering how to stop foreclosure in California, the first step is simple talk to someone who knows what they’re doing. We’re happy to talk with you, explain your options, and give you a cash offer to stop foreclosure right away. No cost, no pressure.
Even if you decide not to sell, at least you’ll know your options. The worst thing you can do is nothing. Foreclosure won’t wait, but you still have time if you act now.
Ready to take the next step? Contact us today to get your no-obligation cash offer and stop foreclosure before it’s too late.
Frequently Asked Questions About Foreclosure in California
Can I stop foreclosure if I’m unemployed or lost income?
Yes. Even if you’ve lost your job or your income has dropped, you may still have options. You could qualify for forbearance, a loan modification, or you can sell your house fast before foreclosure to avoid losing it and damaging your credit further.
What happens to my credit if I let my home go into foreclosure?
Foreclosure can drop your credit score by 100 to 160 points or more, and it can stay on your credit report for up to 7 years. That’s why many people try to avoid foreclosure in California by selling early or working out a solution with their lender.
Do I have to pay taxes if I sell my house during foreclosure?
You may need to report the sale on your taxes, but we can connect you with a tax expert to help. In many cases, sellers walk away without owing anything extra, especially if they sell quickly before the foreclosure finalizes.
What is a short sale and how is it different from a cash sale?
A short sale happens when your home is worth less than what you owe, and the bank agrees to take less than the full amount. A cash sale, on the other hand, is usually faster and can cover what you owe, helping you avoid foreclosure altogether.
Can I sell if I have no equity in my home?
Yes. Even with little or no equity, we may still be able to help through a short sale or by working directly with your lender to stop the foreclosure process.
Will selling my house for cash affect my credit?
Selling your house for cash can help protect your credit. If you sell before foreclosure is complete, you avoid having the foreclosure hit your credit report, which is much better in the long run.
What documents do I need to sell my home fast during foreclosure?
We typically need your mortgage statement, property address, and basic contact info. We handle the rest, including talking to your bank if needed to sell your house fast before foreclosure.
What happens if I do nothing and let the foreclosure go through?
If you don’t take action, your house could be sold at auction, and you could still be responsible for what’s owed. Foreclosure also damages your credit for up to 7 years. Selling for cash now avoids all that stress.
Can I still live in my house while I try to sell it?
Yes. You can stay in your home while we complete the sale process. We work on your timeline, so you don’t have to move out until you’re ready.
What happens after I sell my home to avoid foreclosure?
Once the sale is complete, you’ll no longer owe your mortgage and the foreclosure process will stop. Depending on your timeline, you can use the cash from the sale to move forward, whether that means finding a new place, catching up on other bills, or starting fresh without the stress.
5 Ways To Stop or Avoid Foreclosure In Today’s Market – FREE Guide:
Need more information on the foreclosure process and How To Stop Foreclosure? Download our FREE Stop Foreclosure Guide here. Or, you can always feel free to Contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners avoid foreclosure or sell unwanted properties for cash.