Your Options to Avoid Foreclosure
If you’re behind on your mortgage payments, you may have more options than you think. Here’s a quick look at the most common ways we help homeowners avoid foreclosure:
Sell Your Home Quickly
If foreclosure is looming, selling your home may be the best way to prevent further damage to your credit. We specialize in helping homeowners sell their homes fast, even when time is limited.
Short Sale
A short sale allows you to sell your home for less than the balance owed on the mortgage. This can help you avoid foreclosure and minimize the impact on your credit.
Move Quickly
Timing is critical in foreclosure situations. Our team will work with you to develop a fast and effective plan to get your home sold before foreclosure takes place.
How We Can Help
RJ Homes Team takes a tactical approach to help homeowners in foreclosure. We have the skills you need and the integrity you deserve. Here’s how we can assist:
Free Consultation
We’ll start by assessing your situation during a confidential consultation. We’ll help you understand your options and discuss the best course of action to avoid foreclosure.
Sell Your Home Quickly
With our deep market knowledge and experience, we can position your home to sell fast—ensuring you get the best possible outcome before the foreclosure process moves forward.
Short Sale Expertise
If a short sale is the best option, we’ll guide you through the process from start to finish. Robert Clements, certified as an SFR® by NAR, has the specialized knowledge to help you navigate these unique situations.
Frequently Asked Questions (FAQs)
How does foreclosure work in Georgia?
Georgia is a non-judicial foreclosure state, meaning the lender does not need to go through the court system to foreclose on your home. Once you are in default (typically by missing payments), the lender must send you a notice of intent to foreclose at least 30 days before the foreclosure sale. The lender will then publish a notice for four consecutive weeks in the county’s official newspaper, with the sale usually occurring on the first Tuesday of the month.
How long does the foreclosure process take in Georgia?
Once you miss a payment, the process can move quickly. After receiving a notice of default, you may have as little as 30 days before the foreclosure sale occurs. It’s critical to act swiftly if you’re behind on your payments.
Can I stay in my home during the foreclosure process?
Yes, you can remain in your home until the foreclosure sale is completed. After the sale, the new owner can file a dispossessory action to evict you. In some cases, the lender may offer a “cash for keys” program to help you relocate voluntarily.
Will foreclosure impact my credit?
Yes, foreclosure can significantly damage your credit score and remain on your credit report for up to seven years. A short sale may be a better option, as it typically has a less severe impact on your credit than a foreclosure.
What are my alternatives to foreclosure?
Options include selling your home before the foreclosure sale or pursuing a short sale if the market value of your home is less than what you owe. Acting early can provide better financial outcomes and help protect your credit.
What happens after the foreclosure sale?
Once the foreclosure sale occurs, your rights to the property are terminated. The new owner may seek to evict you, and you may face deficiency proceedings if the sale does not cover the full mortgage amount.
Don’t Wait — Get the Help You Need Now!
If you’re facing foreclosure, time is of the essence. Contact us today for a confidential consultation. We can help you explore your options, protect your financial future, and avoid foreclosure. Don’t delay—fill out the form below to get started.
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