Sell It

You are likely to lose your treasured home to foreclosure.

Possibly the scariest outcome of the potential loss of your home is to become homeless.

You may suffer the unfortunate shame of getting escorted off your property by the sheriff.

You stand to lose equity in your property which you’ve worked so hard to build.

The implications of inaction lead to hefty fines, fees and you could incur daily increments of interest payments.

A foreclosure will negatively affect your credit report and this will also reflect in public records.

If you choose to file bankruptcy it will appear on your credit report for up to 10 years and you will not be able to buy another home with a mortgage for a period of no less than 2 years.

The advantage of selling to a wholesaler is that you’ll be able to receive quick financial redress in your time of need.

If the wholesaler offers a good price for your home you’ll be able to pay off (or partly) your outstanding financial dues and maintain a decent credit rating.

Wholesalers may give you an offer before the foreclosure proceedings begin which gives you some time to relocate. This is important especially if you have a family that requires ample housing security.

Most wholesalers offer cash for your house and the transactions are typically completed in a short time. This is beneficial because it avoids long-drawn-out procedures which can be hectic.

Selling directly to an investor is more beneficial to you because it cuts out all the red tape that comes with transactions involving middle men.

You may receive some offers that are below your expectations.