The COVID-19 situation has brought about challenges for many homeowners who find themselves temporarily out of work, furloughed, or permanently terminated by their employer. Keeping the utilities running and buying the groceries leave little money for the monthly house payment. Homeownership is the “American Dream.” In these tight financial times, what can a homeowner do when the “American Dream” becomes a nightmare?
Lenders are offering some limited assistance, but it is only temporary. Regarding its COVID-19 response, federal lender Freddie Mac states that its 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.”
Assistance includes offering 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 12 months
- Offering loan modification options that lower payments or keep payments the same after the forbearance period
- Halting all foreclosure actions and evictions of borrowers living in Freddie Mac-owned homes until at least May 17, 2020
- Waiving assessments of penalties and late fees
However, after temporary measures designed to help homeowners expire, the homeowner must still make their monthly mortgage payments and work out an agreeable plan to settle their mortgage shortfall. “Tenants and homeowners ultimately will still be responsible for making their rent and mortgage payments,” Forbes Magazine notes.
Several choices are available to the homeowner. Some of these options are better than others. Foreclosure crashes 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 drain both the homeowner and financial resources.
Other options are available. One of these options is Bucks Buyer, a team of real estate professionals and investors who are foreclosure solutions experts. They come alongside distraught homeowners whose “American Dream” has become a nightmare. The free, no-obligation advice encourages homeowners to face and overcome the hard financial challenges in this economic environment presents.
The physical condition of the home does not matter. Even if the loan is upside down, the knowledgeable professionals at Bucks Buyer are adept at working out a road to success where everyone, especially the homeowner, wins. Selling a distressed home as-is for a fast, fair, cash offer with no fee, or delay is an option that lenders, traditional realtors, and discount brokers cannot match.
A Bucks Buyer representative explains the home buying process, saying, “We buy houses in Bucks County, and our process is simple and hassle-free. You tell our team about the property either through our website or over the phone. If the home meets our buying criteria, we will contact you to set up a quick appointment. At the appointment, Bucks Buyer will present you with a fair, written, no-obligation offer. If you choose to accept the offer, the closing will be held at a local, reputable title company. If you need to sell your house quick, you’ve come to the right place. The cash will be in your hands in as little as seven days.”
Bucks Buyer, a Bucks County-based real estate solutions and investment firm, specializes in helping homeowners who find themselves in a difficult financial circumstance with foreclosure knocking at the door. The company gives advice and presents solutions that bring needed relief to difficult trials. Anxious homeowners can sell their house fast. Bucks Buyer is a group of investors and problem solvers who can buy homes fast with a fair, all-cash offer.
For information about selling a home fast for cash in Bucks County, PA, visit the Philly Fair Offer website at https://www.bucksbuyer.com. Contact the office by phone at (215) 618-4080.