FORECLOSURE
Facing Foreclosure?
Compass Home Buyers Is Your Solution
No one chooses to fall behind on house payments. In addition to affording your home, you need to pay for countless other necessities to function in our modern society: a car, gas, phone, internet, trash pickup, and an endless list of other products and services. Nevermind the basics like food, medical care, child care, and hopefully a little air conditioning for hot Florida summers. When you’ve finally paid the expected and unexpected bills for the month, you may find yourself staring at that one big expense that always leaves a pit in your stomach: the mortgage. If you’re unable to get back on track with house payments, you have options. At Compass Home Buyers, we are a compassionate team of real estate professionals who care deeply for all of our clients, regardless of why they find themselves at our door. If your current living situation is no longer financially feasible, we can quickly buy your home for cash so that you can move on to your next chapter. Keep reading to see how selling your home for cash may be the best solution for your situation.
I Can’t Afford My House: Why Foreclosure Happens
While a homeowner can face foreclosure for a long list of reasons, it ultimately comes down to not having the funds required to pay the mortgage. Below, we have listed and will expand upon the many situations that can lead to foreclosure:
- Employment change
- Healthcare expenses
- Unexpected repairs
- Death or loss of sole provider
- Snowballed expenses
Employment Changes
Lower Income Due To Job Change
If you originally purchased your house while earning a larger salary that has since declined, you may no longer be positioned to make full payments every month. If you lost your job after buying a home and then took a position with lower pay, you may feel like nothing you do will prevent foreclosure. You could pursue side jobs and alternative income sources, but these additional endeavors are not always a realistic option. If you need a quick solution to get out of your current home and into one that better suits your situation, we invite you to tell us about your home to start the process of receiving your no-obligation offer.
Perhaps you are considering a career change that will fuel your passions, but not your bank account. Your happiness matters, and you may be one step away from forging the path to your dreams. If that step is getting out of your current home and using the additional money to move into a more affordable space, call Compass Home Buyers to get started.
Healthcare Expenses
If you or someone you provide for is facing a health condition that requires expensive medication, surgeries, medical equipment, in-home care, hospital stays, and other treatments, paying your mortgage can easily fall to the last line of the to-do list. During this difficult time, we hope that you can focus on healing instead of financial worries. If affording your Tampa Bay area home is becoming a heavy burden you can no longer manage, working with Compass Home Buyers can help you get cash for your house and transition to a new living situation.
For diseases and illnesses requiring intensive treatment, you may be considering moving closer to a hospital that specializes in such care. If this is the case and you do not want to maintain ownership of your current home after you move, contact our team today. We are here to provide the best experience possible, whether that means simply extending an offer or walking with you through the entire home-selling process.
Unexpected Repairs
If your home requires major repairs, you may be faced with two unfortunate options: continue living in an unsafe home, or pay for repairs you can’t afford. Storm damage, fire damage, flooding from plumbing failures, mold, termites, and other disasters can cost thousands of dollars to fix. Expensive repairs, such as roof replacement and foundation work, can also place a huge burden on your finances.
Compass Home Buyers offers cash for Tampa Bay homes in any condition, making us a great option for selling a home that would not fare well on the traditional real estate market. If you’ve already invested in repairs that have made affording your mortgage difficult or impossible, give us a call. We can give you a no-obligation cash offer and close on your timeline, so you have all the knowledge and flexibility you need to make the best decision.
Death Or Loss Of Sole Provider
If the sole provider of your household passes away, the aftermath can feel overwhelming. On top of the financial strain of affording your home, you must also handle funeral expenses and emotional stress. You may also have accumulated expensive medical bills if the sole provider passed away during the treatment of a health condition. The non-death loss of the sole provider may also occur due to disability, chronic illness, severe injury, or divorce. If transitioning to a more affordable living situation will help you financially after this devastating situation, please contact our Tampa home buyer team to help you
Snowballed Expenses
Not every choice is perfect, and the path to success is often filled with mistakes. If less-than-ideal financial choices have left you in a position in which you are unable to afford your mortgage, you can change that going forward. If cutting back or living on a new budget won’t allow you to recover financial stability quickly enough, contact Compass Home Buyers. We can pay cash for your home fast, so you can get back on track.
Find Peace From Foreclosure With Compass Home Buyers
If you’re losing sleep over your mortgage payments, selling your house for cash may help put your mind at ease. While moving is a big step, a more affordable home can help you recover from financial loss due to any of the reasons we covered above. If you have any questions about our family-owned company or the home buying process in the Tampa Bay area, we invite you to give us a call or reach out online. Let’s navigate this together!
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