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Can You Get Your House In St. Louis Back After Foreclosure?

If you’re facing the possibility of foreclosure in the future, perhaps you’re wondering if you can get your house in St. Louis back after foreclosure. After all, you need a place to live!

Unfortunately, after the court rules in the favor of your lender and agrees with the lender to proceed with foreclosure, it’s very difficult to get your house back. Typically, the only way you would be able to get it back is if you could prove illegal actions on behalf of the bank; and let’s face it, the banks are well protected even when they do wrong.

Instead of wondering “can you get your house in St. Louis back after foreclosure”, here’s another option…

The good news is, even if you’re already in foreclosure, you still have options if the foreclosure hasn’t been finalized yet. Note that there are several steps leading to a foreclosure, beginning with Notice of Default (NoD). If you need to get up to speed on the basics of foreclosure, including how to stop them, then I have the perfect FREE e-book for you here.

The first and best option is to pay the arrears or work out a payment plan with your lender.  Just be prepared for the banks to be unwilling and difficult to work with. While many claim the banks just want to collect the monthly amount owed to them, history proves otherwise and don’t be fooled…foreclosures are incredibly lucrative for the bank, especially when private mortgage insurance (PMI) is in place. In these cases the banks are going to get paid out from the insurance, then they’re going to turn around and foreclose on your home and make more money when they sell it.

Call me crazy, but I just don’t think it’s right to be forced to pay for insurance that is simply in place so the bank can be DOUBLE PAID! Let’s not forget all the monthly payments you had previously made to them as well. To make matters worse, if the house sale doesn’t cover the remaining mortgage balance, they may still come after you with judgments and wage garnishes to cover the difference!

If that’s not an option for you at this time then you may decide to do what a lot of homeowners facing foreclosure are choosing to do: Sell your home before the home is foreclosed upon and let us pay the bank what they demand. As a side note, depending on your unique situation, selling your house owner financed may be a good option for you and may enable you to get money in your pocket, rather than having money taken.

While it may be difficult and far from ideal to sell, most people would agree it’s still a preferable option to foreclosure, so you can avoid all the ramifications of a foreclosure, which will typically prevent you from obtaining another mortgage anytime soon, not to mention the potential judgments and the toll it will take on a borrower’s credit history.

Selling is proactive and long-term, which is why homeowners facing foreclosure love it: it’s proactive because you’re taking control of your financial situation; it’s long-term because you’re accepting the short-term discomfort of selling your home in exchange for the long-term benefit of no longer worrying about struggling to make the mortgage payments, potentially defaulting again, and repeating the process.

Here’s a secret to selling your St. Louis area home fast so the BANK CAN’T TAKE IT!

It’s really no secret…either pay what’s owed or find someone else that will. Simple, right?

With us, it will be simple. There won’t be any hassle, we’ll take all the worry away, and you might even get some cash in your pocket. We will even show you multiple ways our knowledge and expertise allows us to help and let you choose what’s best for your family.

Want to hear about one of the ways we’re able to help? Here’s a recent video of me standing in the house of a client from St. Peters, Missouri and how we were able to stop the foreclosure and let them move on with their life. What can we do for you? It only takes one phone call to find out.

Simply fill out our form and tell us about your house, or just call us at (636) 206-4997 and let us know that you want to sell fast.

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