If you, a relative or a friend are in the unfortunate circumstance of facing a foreclosure, you need to take action immediately. By delaying action you limit your options and risk ruining your credit for years!
Samaritan Partners is here to help you! We want you to understand your options. If a transaction occurs between Samaritan Partners and you, that is fantastic, but it is not the most important issue to you. The important issue to you is that you do what is best for you, your family and your credit.
The faster you act the more options you have to save your home and credit. Depending on your circumstances, you may have the following options:
Options that Improve the Chances of Avoiding Negative Marks on Your Credit
Work with your current lender to obtain an agreement that reinstates the loan and possibly lowers payments temporarily (known as a "Forbearance Agreement");
Work with your lender to modify your loan terms (e.g., lower your interest rate and/or payments);
Refinance your mortgage with a new or existing lender;
Obtain a junior/second mortgage or line of credit;
Sell your home using a realtor (this option may work if you have 6 weeks or more until the foreclosure auction);
Sell your home to an investor like Samaritan Partners with no further obligations on your mortgage. (We can close in as little as 2 weeks depending on the transaction).
Sell your home and lease it back. Samaritan Partners offers this program with a closing in as little as two weeks for qualifying transactions.
Last Resort Options (Options that have major negative effects on your Credit!)
File Bankruptcy;
Go into Foreclosure and hope the auction bid is higher than your mortgage;
At Samaritan Partners, we provide options to distressed homeowners or homeowners seeking to avoid the negative effects of a foreclosure on their credit and receive cash for equity in their home.
We understand how difficult it can be for a homeowner when they are faced with foreclosure proceedings, in pre-foreclosure or need to sell their home to obtain immediate access to cash for any reason. In times like these, the options available to homeowners are very limited, some are unrealistic and many can be unaffordable. Most homeowners do not know their options. Many mortgage companies do not offer realistic options to assist homeowners that have suffered a hardship, and thus many homeowners lose hope.
Now there is help available. There is another option. That option is Samaritan Partners. We believe our customers deserve a chance to resolve any cash difficulties they may have, avoid the negative effects of a foreclosure on their credit reprot and still remain in their homes. Our Lease Buy Back/Sale Lease Back program may provide a fast and effective method for you to accomplish this goal!
Time is of the essence in these situations, so do not waste another minute. Understand your options. A journey of a thousand miles begins with a single step. The journey to financial freedom begins with Samaritan Partners. To explore the different options Samaritan Partners brings to the table, submit a Request for Offer now.