In some cases, filing for bankruptcy or losing your home to foreclosure are the only methods you have to clear debt and start rebuilding your finances. However, these are last-ditch efforts that severely impact your life. You could lose your house and many other belongings in order to clear away debt. There are, however, a few tips that can help you avoid either of these legal proceedings.
Begin by taking stock of all of your debts and expenses. Write down every asset, from your home to your furnishing to jewelry and electronics. Make a list of every bill you pay and create a worksheet that compares your monthly expenses to your total income.
Once you have this list, begin thinking about what items you can cut. If you are about to foreclose or are so deep in debt that you are considering bankruptcy, it is time to make some tough choices. For instance, can you get by with just one family car? Are there other items you can sell to pay off debts, such as jewelry or perhaps a luxury item such as a boat or motorcycle? Eliminate your landline and rather than paying for an expensive cell phone, opt for the cheapest plan possible. Cancel the cable and any extra subscriptions you have, and eat at home, rather than opting for restaurants.
Our mortgage payment is also a huge obstacle every month, and many people find themselves either unable to pay on time or have had to skip payments now and then. If your mortgage is simply more than you can afford, selling your home might be your best bet. It can eliminate a huge chunk of debt and sometimes you might even have a bit extra to help with moving expenses or paying down additional debt.
Of course, selling a home can take several months and you might not have time to wait for a traditional type of sale. In these situations, it might be wise to contact a real estate investment firm. This is a group of investors that buy homes quickly and then upgrade the home and resell it for a profit. Often, these investors can complete a home purchase in a matter of days, and if you are days from foreclosure or bankruptcy, this can be exactly the solution you need.
For those who need to stop foreclosure in Virginia Beach, the team at VA Home Investments can help. In many cases, you'll have an offer for your home within 24 hours, and they can close the sale in as little as nine days. If you need to sell a home quickly in Virginia Beach, there are many advantages to going through a firm such as VA Home Investments. They charge no commissions or fees, and they will buy homes in any neighborhood, in any price range and in any condition. You won't even have to clean, repair and stage you home, they will take it as-is, which can be just the solution you need in a dire financial situation.
Begin by taking stock of all of your debts and expenses. Write down every asset, from your home to your furnishing to jewelry and electronics. Make a list of every bill you pay and create a worksheet that compares your monthly expenses to your total income.
Once you have this list, begin thinking about what items you can cut. If you are about to foreclose or are so deep in debt that you are considering bankruptcy, it is time to make some tough choices. For instance, can you get by with just one family car? Are there other items you can sell to pay off debts, such as jewelry or perhaps a luxury item such as a boat or motorcycle? Eliminate your landline and rather than paying for an expensive cell phone, opt for the cheapest plan possible. Cancel the cable and any extra subscriptions you have, and eat at home, rather than opting for restaurants.
Our mortgage payment is also a huge obstacle every month, and many people find themselves either unable to pay on time or have had to skip payments now and then. If your mortgage is simply more than you can afford, selling your home might be your best bet. It can eliminate a huge chunk of debt and sometimes you might even have a bit extra to help with moving expenses or paying down additional debt.
Of course, selling a home can take several months and you might not have time to wait for a traditional type of sale. In these situations, it might be wise to contact a real estate investment firm. This is a group of investors that buy homes quickly and then upgrade the home and resell it for a profit. Often, these investors can complete a home purchase in a matter of days, and if you are days from foreclosure or bankruptcy, this can be exactly the solution you need.
For those who need to stop foreclosure in Virginia Beach, the team at VA Home Investments can help. In many cases, you'll have an offer for your home within 24 hours, and they can close the sale in as little as nine days. If you need to sell a home quickly in Virginia Beach, there are many advantages to going through a firm such as VA Home Investments. They charge no commissions or fees, and they will buy homes in any neighborhood, in any price range and in any condition. You won't even have to clean, repair and stage you home, they will take it as-is, which can be just the solution you need in a dire financial situation.
About the Author:
Evella Clifford loves reading real estate blogs. If you are looking for real estate investor who can help in Virginia Beach sell house quickly, or to discover methods on how to stop foreclosure Virginia Beach, please go to the VA Home Investments site today.
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