3 Solutions Southern Sky Home Buyers Can Offer Knoxville Homeowners Who are Facing Foreclosure

As a homeowner, you know that there can be many unexpected events that can lead to financial difficulties. Dealing with the foreclosure of your property isn’t a situation anyone wants to be in. The stress, the costs, and the headaches can get overwhelming fast. If you are worried about losing your house to foreclosure in Knoxville, here are some solutions Southern Sky Home Buyers can offer you to help save your credit, your pride, and your bank account!

We Can Buy Your House Out Right

The fast and easiest way to get the bank off your back is to sell your house fast. With a direct sale to Southern Sky Home Buyers, you will be able to sell your house quickly, as-is, and without the costs and stress of the MLS. We pay great prices for houses in the Knoxville area and have the ability to close at your convenience. Southern Sky Home Buyers can also help you determine if a listing makes better sense.  Either way, we are happy to answer any questions you have about the process.

We Can Help You List Your House

Listing is another great option for selling your Knoxville home that Southern Sky Home Buyers can offer you. As hybrid agent/investors, our team offers unique solutions to handle any difficult property or situation. We’ll help you run the numbers to ensure a traditional listing is in your best interest. While Southern Sky Home Buyers works with some of the best agents in town, a traditional sale can take some time. If you are facing foreclosure, a direct sale may be the option you wish to explore first.

We Can Rent the Home Back to You

Are you dealing with an impending foreclosure, but don’t want to have to move right away? When you work with Southern Sky Home Buyers, you will be able to avoid foreclosure and stay in your home! We work with homeowners who need to sell their properties quickly, giving them a great offer and the ability to stay right where they are. We can rent the house to you for a great price, allowing you to both collect a check for the sale of your house and stay where you are. Many homeowners utilize this option to work out their finances while looking for the perfect new property to call home.

Other Options Available to You…

Other options that can help if you are facing foreclosure in Knoxville include loan modification, a short sale, or a deed in lieu of foreclosure. With a loan modification, you are able to modify the terms of your loan to lower your monthly payment. You will need to prepare the necessary documentation, such as financial statements and hardship letters, and negotiate with your lender to get the terms you want. Another solution that can help you avoid foreclosure is a short sale. This option allows you to sell your home for less than what you owe on your mortgage. You will also need to work out the terms with your lender. A deed in lieu of foreclosure allows you to transfer ownership of your home to your lender in exchange for forgiveness of your mortgage debt.

Facing foreclosure in Knoxville? The process can be a stressful and overwhelming experience for any homeowner. Take solace in knowing that you are not the first nor the last to be in this situation. We have a team of experts who can guide you through every step of the way and ensure that you receive the best possible terms. Reach out to Southern Sky Home Buyers to help discover the solution that is best for you. We will make you an offer now! Call us today for more information. (865) 249-0226