You may be having second thoughts about selling your old house. Not that you could be blamed for it. Oftentimes, selling your old house through a real estate agency will take as long as two whole years. What will happen is that they will initially list your property in the open market and wait until buyers come and decide to buy it. This causes the delay. You never are too sure that the next person or persons who steps on your front porch will be the one to purchase your old home. And at the end of the long wait, you get disappointed over the expiration of your listing (which means that your property has been put up for sale but nobody has bought it in a given timeframe) and distraught about your mortgage monthlies. Beware of payment delinquency when it comes to mortgage loans. You may well be being dragged down the so-called foreclosure spiral which most people want to avoid.

Most mortgage deals require you to pay monthly interest payments. Although it usually depends on what kind of mortgage deal you engage in, mortgage interests may appear constant at first but what you are not aware of is that these are subject to changes and are affected by the flux in economic standards. The inconstancy of the rates could make it harder for you to keep up with your monthly dues. When your payment is delayed, you are allowed a limited amount of time to complete your payments otherwise, depending on how delinquent you are, you could be sent a notice of a foreclosure.

When half a month has past and you still are not able to pay your monthly dues, your lender or bank will usually send you a mail to remind you to pay your bills with an inquiry as to why you were unable to do so.

The only time that they will send you this notice of a foreclosure is when

1) a month has gone by and you still have not completed the requirements and

2) you are unable to respond to the mail and inquiries.

Subsequently, a legal proceeding will be called for when it comes to the point that your lender no longer believes in your ability or capacity to pay. When this happens, you could be in danger of repossession and or eviction (if you are still staying in the house).

One step you could take in avoiding foreclosures is to respond immediately to your lender's calls and mails. There is no better way to start to prevent foreclosures than this. Let your lender know and feel that you are not about to run away from your responsibilities and leave them hanging. Otherwise, other foreclosure solutions are at hand. If you want to sell your old home and avoid foreclosures, you should consider selling it to Cashout Options. Cashout Options is an investment company that operates in California and purchases different sorts of properties within the state. They buy single-family homes and multi-family homes in general but are willing to purchase other properties such as buildings, apartments, condominium units, and land on a case to case basis.

Some companies have experts that will provide you with all the foreclosure help that you need. They offer various foreclosure solutions such as mortgage modification services and mortgage short sales. There is no scarcity in the amount, efficiency and quality with the foreclosure assistance that they offer. When you are in danger of losing your home to a foreclosure, Cashout Options will not only help you in stopping foreclosures but also help you save your credit. Foreclosures have been known to damage credit for up to 7 years. With there expertise in short sale services, you can get away from that foreclosure problem and be able to sell your old home within 48 hours. Cashout Options will purchase directly from you and will make you a reasonable offer that you cannot resist.

More info on your stop foreclosure information search:

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