For any homeowner, foreclosure is a dreadful thing to face. It represents the loss of a home and brings emotional and financial burden. In Saint Louis, the threat of foreclosure is a very real issue. Fortunately, there are ways to navigate this difficult situation. FasterHouse can provide the support and resources you need to avoid foreclosure.
Avoid Foreclosure
As a legal process, foreclosure involves a lender attempting to recover a loan balance from a borrower who has stopped paying. Once the property is foreclosed, it is usually sold to pay off the debt. It’s extremely important to take proactive steps to avoid foreclosure.
Reasons Foreclosure Is Bad
The May 2024 U.S. Foreclosure Market Report revealed 32,621 U.S. properties with foreclosure filings, up 3% from the previous month. This number proves that foreclosure is widespread, and homeowners must understand the numerous negative consequences.
- Loss of Home: The most immediate impact of foreclosure is losing the family home.
- Damage to Credit Score: Foreclosure can severely impact your credit score, often dropping it by up to 160 points.
- Emotional Distress: The stress can take a toll on you and your family, affecting your overall well-being.
It Is Possible to Rent or Move
When you are on the verge of foreclosure, one way to get back on your feet before completely losing your home is to rent or move to a more affordable location. This approach may help you save money while you get back on track financially and secure a new place to live. However, this option may not be feasible for everyone.
Sell It Fast and Get Cash
If worse comes to worst, the best way to avoid foreclosure is to sell your home before the lender takes possession of it, and the process takes a hit on your credit. The downside of this option is Saint Louis’ competitive real estate market, with a median sale price of $263,000 in June 2024. The traditional selling process through a real estate agent can take months; in the case of foreclosure, time is not on your side.
FasterHouse steps in to help you avoid foreclosure by buying your home directly. We expedite the process by closing in as little as seven days.
We Buy Houses As-Is Condition
We Buy Any St. Louis House As-Is in Any Life Situation
Saint Louis is home to over 275,000 people, and everyone may need to sell their house for different reasons. FasterHouse supports homeowners who are going through the following life events:
- Downsizing: Move to a more affordable or manageable home.
- Divorce: Divide assets quickly and easily.
- Home Upgrades: Move to a bigger or newer house.
- Inherited Property: Get rid of an unwanted or burdensome property.
- Relocating for Work: Kickstart the moving process for your career.
- Tired Landlords: Let go of your stressful rental property.
- Job Loss: Get cash to cover expenses while seeking new employment.
- Avoid Foreclosure: Protect your credit score.
- Medical Problems: Put your health and well-being at the forefront.
- Legal Issues: Get out of any tricky legal situation.
- Senior Living Transitions: Ease into senior life or support elderly loved ones.
- Avoiding Bankruptcy: Manage your debt and finances.
- Need Your Equity in Cash: Access your money for other investments or financial needs.
We Buy Houses In Any Condition
What We Mean by Any Condition Properties
FasterHouse buys properties in Saint Louis as-is, meaning we don’t require you to make any repairs or renovations before selling.
- Needs Repairs: We take care of leaks, broken components, and other repairs.
- Renovations Gone Wrong: Leave incomplete or poor home renovations behind.
- Code Violations: Avoid expensive fines and penalties.
- Trash-Filled: Leave the cleanup to us.
- Damaged Homes: Skip the replacements or renovations.
- Bad Rental Property Tenants: We take over the rental responsibilities.
- Hoarder Homes: Free yourself from the clutter.
- Fixer-Uppers: Avoid the costs of fixing up an old or outdated home.
- Dirty and in Bad Shape: Let the dirt and grime be our problem.
- Death Estates: Move on from estate responsibilities.
- Abandoned: Get rid of a property you no longer use or want.
- Rundown Homes: Let go of a property that is no longer livable.
- Foundation Cracks: Hand over the safety hazards to us.
- Vacant Land and Houses: Give up the maintenance responsibilities.
FasterHouse Testimonials
FasterHouse has helped countless Saint Louis homeowners avoid foreclosure and other issues.
- “Great quality company! They genuinely care about people over profit. Cannot say enough good things about them!” — Travis Staebell.
- “FasterHouse (Casey & Chelle) was a great fit for my situation in selling my parent’s home. They let me know what was going on throughout the process and would always return my calls when a question arose. I would highly recommend them to anyone trying to sell their home.” — D. Chiu
We Buy Houses in St Louis and St Charles County
Get Cash for Your House
With FasterHouse, you can enjoy the following benefits:
- Fair Cash Offer: Get most of your home’s value in cash.
- Fast Process: No need to wait months for a buyer.
- No Hassles: Say goodbye to showings, inspections, and negotiations.
Sell your house to our team quickly and avoid foreclosure like other Saint Louis homeowners have.
Cash Home Buyer
Avoid Foreclosure with FasterHouse
FasterHouse has been buying homes since 2002. Get to know our team and learn more about what we do. Trust us to help you with your home-selling journey! When you need to avoid foreclosure, you only need to follow these three steps:
- Step 1: Request a no-obligation offer for your property.
- Step 2: Accept our fair cash offer.
- Step 3: Close on your timeline and get your cash.
Let us help you protect your credit score. Request a free instant cash offer and discover how much your home is worth.
