Behind On Payments?
At Mesquite House Buyers, our aim is to help homeowners with their difficult situations. We believe in treating each individual client with personalized services in solving their home problems, specially when they are behind payments on their Mesquite houses.
The process starts with understanding the unique situation of each client. We know how distressing it can be for Mesquite homeowners to handle situations where there seems to be no solution at all. But it just a matter of realizing that with smart and innovative strategies, you can solve your issues without losing your Mesquite house.
Homeowners, individual realtors, attorneys, and financial planners do not know all of the options available in today’s market. So, we have compiled here a comprehensive list of strategies for Mesquite homeowners who are facing foreclosure.
Sometimes when a homeowner is behind on loan payment and is facing foreclosure, they have the option to declare bankruptcy. Declaring bankruptcy is a common strategy to temporarily stop foreclosure when a homeowner has unsustainable debt beyond the home mortgage. As a home in bankruptcy cannot be sold or foreclosed, the auction can be stopped or nullified until the lender stays lifted. Read more…
Temporary Restraining Orders
A temporary restraining order (TRO) is the best way to stop foreclosure (up to) the day before an auction when a homeowner does not want/need to declare bankruptcy. It is a legal order filed by an attorney on behalf of a homeowner against their lender. What it does is that it allows a brief time period for homeowners to sell a home using other strategies or catch up on the payments. Read more…
A deed in lieu of foreclosure is a potential option taken by mortgagor or homeowner who wants to avoid foreclosure in any way possible. It is a document that transfers the title of property from the property owner to their lender in exchange for being relieved of the mortgage debt. It is usually the last resort when the property owner has exhausted all other options to avoid/delay foreclosure. Read more…