Carolina Buyer helps homeowners remove stress in tight financial situations. Homeowners can sell their house fast for cash within seven days and even choose the closing date.
The COVID-19 pandemic has created a challenging environment for many residents who find themselves temporarily out of work, furloughed, or permanently let go by their employer. Keeping the lights on and buying groceries leave little funds for the house payment. Homeownership is the American Dream. In these very tight financial times, what can a homeowner do when the American Dream becomes a nightmare?
Lenders are providing some help, but it is not permanent. Federal lender Freddie Mac offers these temporary solutions: “Our COVID-19 Response: Freddie Mac staff is working to ensure that our employees, customers, and borrowers are protected from the direct and indirect impacts of coronavirus (COVID–19). We are taking action to help make sure homeowners with Freddie Mac-owned mortgages who are directly or indirectly impacted by COVID–19 are able to stay in their homes during this challenging time.”
The assistance includes the following mortgage relief options for those who are unable to make their house payments due to a decline in income:
- Providing mortgage forbearance for up to twelve months which allows the homeowner time to work out a solution without losing their home
- Waiving assessments of penalties and late fees
- Halting all foreclosure actions and evictions of borrowers living in Freddie Mac-owned homes until at least May 17, 2020
- Offering loan modification options that lower payments or keep payments the same after the forbearance period
In an article in Forbes Magazine entitled, “Mortgage Payments Interrupted By COVID-19? The Federal and State Response,” the future seems to be clear for homeowners who find themselves in tough financial situations due to the COVID-19 crisis: “Tenants and homeowners ultimately will still be responsible for making their rent and mortgage payments. Only a few jurisdictions (state, county, or city) have put in place initiatives that go beyond temporary forbearance to potentially provide financial assistance to some homeowners and tenants.”
Once the temporary measures to help homeowners are ended, the homeowner must still make their monthly mortgage payments and work out a plan to settle their mortgage shortfall.
Several options are available to homeowners in Cary, NC and Durham, NC. Foreclosure negatively impacts credit ratings, delaying the purchase of another home for years. Listing the house with a traditional realtor could take many months and be very expensive. Repairs, showings, and the agent’s commission could exhaust both the homeowner and their financial resources.
Another available option is contacting Carolina Buyer, a team of foreclosure solutions professionals. The real estate experts and investors come alongside distraught homeowners whose American Dream has become a nightmare. The free, no-obligation advice helps homeowners face and overcome the tough financial challenges this economic environment presents. A Carolina Buyer team member states, “We buy houses in Cary, NC.”
Even if the loan is upside down, the knowledgeable professionals at Carolina Buyer are skilled at working out a strategy where everyone, especially the homeowner, wins. Selling a distressed home as-is for a fast, fair cash offer with no fees or delay is an option that lenders, traditional realtors, and discount brokers cannot match.
Carolina Buyer is helping homeowners going through financial hardships by offering fair cash offers on their home. In as little as seven days, the homeowner can have the cash in hand. The closing can be scheduled at the owner’s convenience. This fast, hassle-free solution is a relief in these difficult and trying times.
Carolina Buyer is a real estate solutions and investment firm that specializes in helping homeowners in financial hardship who are close to losing their homes to foreclosure. Carolina Buyer brings advice and presents solutions that resolve difficult situations. The stressed homeowner can sell their home fast. The team at Carolina Buyer are investors and problem solvers who can buy houses fast with a fair all-cash offer.