How We Can Help with Foreclosures
Some people believe a foreclosure signifies the end of a painful situation — but in many cases it’s just the beginning. In the first place, a foreclosure may not eliminate your debt entirely; if the bank sells your home for less than what you owe, it can still require you to pay the difference and may even sue for a deficiency judgment. Secondly, a foreclosure stays on your credit for 7-10 years, making it all the more difficult to get back on your feet.
ACM can help alleviate the stress of a foreclosure situation in one of three ways:
- We can purchase the home from you directly, subject to its existing financing and what you still owe, thereby avoiding foreclosure;
- We can pay up your backlog of financial obligations, including liens, back taxes and other burdens that prevent you from paying the note; or
- We can cover your moving costs to vacate the home and purchase it directly from the bank.