Having Trouble Paying Your Mortgage During COVID? What 2021 May Look Like For You in Lexington

Having Trouble Paying Your Mortgage During COVID_ What 2021 May Look Like For You

Paying Your Mortgage During COVIDAre you having difficulty paying your mortgage during COVID? It is estimated that 400,000 homeowners who qualified for government-backed mortgage forbearance programs did not utilize the benefits and are now behind on their mortgage payments. The moratorium on government-backed mortgages expires as the new year approaches. Across the country, an average of one in ten homeowners is delinquent on their payments. These homeowners live in constant fear of foreclosure and eviction. In 2021, you may find yourself among the throngs of homeowners with properties to sell that are certain to flood the market in the coming months. You can get a jump on the competition by selling to a professional buyer prior to reaching that stage.

Sell My House Fast Lexington KY  - CALL 859-321-6618 - Bluegrass Investment Properties LLC

Time Waits for No One

sell my house fast lexington kyIf you’ve experienced a dramatic change in financial circumstances as a result of the pandemic or other events and are having difficulty paying your mortgage in Lexington KY during COVID, the time to act is now. You may find that the year 2021 begins with the destruction of your credit, the loss of any equity you’ve built in your home, and being forced to relocate. Without taking extreme measures ahead of critical deadlines, your lender communicates to you, your opportunity to exit the nosedive will pass you by, out of your control. When weighing your options, it’s critical to consider the benefits of selling to a professional buyer now, without the risk of last-minute surprises associated with inexperienced buyers who frequently fail to close. In comparison to traditional listings, you’ll have a guaranteed sale and a closing date that you can count on to avoid foreclosure and protect your credit and financial future.

Investing to Exit

sell my house fast lexington kyIf you’re having difficulty paying your Lexington KY mortgage during COVID, traditional home sales require an outlay of thousands of dollars to market your home. Unless your property is brand new or in excellent condition, you will need to complete repairs to obvious issues, as well as renovations and upgrades to appliances and electrical systems, such as air conditioning. Additional expenses will be required to cover the advertising costs associated with making your home stand out. Additionally, a real estate agent would almost certainly include a staging strategy at your expense. Not only will you be responsible for all of these costs, but you will also be responsible for commissions and closing costs, which will be deducted from your profit, if any, from the sale. When you’re already struggling to make ends meet, these costs may be unaffordable. By choosing to sell to an experienced professional buyer in 2021, you will know that their offer will be for the house as-is, without any of these deductions from the price you are offered.

Distress

sell my house fast lexington kyWhile it is straightforward to quote statistics and compile data to demonstrate the precise costs of going through all of the foreclosure steps, calculating the emotional toll is not as straightforward. After months of financial hardship during a global pandemic. Society has experienced turbulence as a result of the pandemic, which can be quite unsettling. Additionally, knowing that the bank is contacting you about foreclosure can result in numerous sleepless nights. Home ownership is a significant component of the American dream, and its loss can be heartbreaking in and of itself. Listing your home in the traditional manner, whether through a real estate agent or by owner, introduces a new source of stress. With an open-ended cell structure, such as that used in traditional listings, there is no guarantee of whether or not your home will sell. Not only that, but your life is constantly interrupted by showings, and you must always act as if a magazine photographer is on his way. Additionally, there is a glimmer of hope with each buyer who walks through the home, praying that this is the one who will resolve your issues and provide financial relief. This type of pressure can have a detrimental effect on every member of a family and relationships not only at home, but also at work and in every other aspect of your life. If you’re having difficulty making mortgage payments on your Lexington KY home during COVID, why not consider selling now to a professional buyer? Avoid sleepless nights and headaches by exploring other selling options; otherwise, 2021 may bring you and those you love not only financial ruin, but emotional exhaustion.

Sell My House Fast Lexington KY
Sell My House Fast Lexington KY

Are you having difficulty making your mortgage payments during COVID? Without decisive action, you may lose your home in 2021 — why not avoid those looming foreclosure deadlines, the additional costs associated with selling the house, and the lingering trauma associated with the process by selling now to Bluegrass Investment Properties LLC? Send us a message or give us a call today at (859) 321-6618 to learn more about us and what we can do for you!

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