Want To Know How to Stay in My Home After Foreclosure in Sacramento, Ca?

Are you aware of a recent study released that estimates 47% of foreclosed properties remain occupied?

When you first see that statement,  you may be surprised… but we’re not.  Many people stay in their home after the notice of foreclosure.

Here’s a little secret not many people know – banks aren’t in the business to own homes.

They are in the business to loan people money. That’s how they make their money.  But when they have to foreclose on a house… the bank is forced to own the home until they’re able to sell it to get all or most of their money back.  It then goes on their books as a debt.

 

Get your FREE ebook – 5 Ways To Stop Or Avoid Foreclosure – http://bit.ly/2kvs8iY.

What was actually realized is that when a Sacramento, Ca.foreclosed house is empty or vacated… there is a much greater chance that the house will start falling apart from no maintenance.  Many times the bank would rather have you in the property even after you stop paying your payments and the foreclosure is started because it wards of vandals and keeps the house in good shape.

Have you heard about the talk in the media about people living for free after foreclosure – and even many stories about banks “abandoning” properties?  It happens all the time!

In those stories, people are avoiding house payments for months, even years……  Crazy huh!?

Man, that sounds great! Let’s all live for free. (wink)

Hold on……it can’t be that simple, right?

Right.

Get your FREE ebook – 5 Ways To Stop Or Avoid Foreclosure – http://bit.ly/2kvs8iY

No bank would purposely neglect to collect payments. The only way that you get to live without making any payments is when some major mistakes were made.

But you might get lucky! It’s possible, and it’s happened before. However, it’s not exactly legal to avoid payments that you owe, and it can get you in serious trouble.

So why are so many foreclosed homes occupied? It’s important to remember that no one wants the house to be vacant. Vacant homes are targets for vandalism and crime.

Staying in the property can help the bank maintain the value of their investment, so it’s actually in their best interests to keep it occupied. Partly because of the ways that the foreclosure laws are structured in California, banks may ask you to leave while wanting you to stay.

There are a few perfectly legal ways to remain in your home, even after foreclosure.

How To Stay In My Home After Foreclosure In Sacramento, Ca.

Not all these options are available to everyone, and you’ll need some expert advice like Kings Canyon Property Solutions, Inc. along the way to help you get through.

1) Have patience and wait it out. This may be a pretty bad option, but it happens every day. Check out our video of WHY WE STARTED THIS BUSINESS.  You definitely shouldn’t run away and abandon your house when the first notice of default shows up. Remember that the proceedings and the process takes months and sometimes years. It’s not over until it’s over, so don’t give up too early. On the other hand, don’t wait until the sheriff shows up to evict you to start packing up your stuff.

2) Go to court and plead your case:   In very rare cases, judges are granting stays and delaying evictions. This is really only a valid option if you (and your attorneys) can prove that the bank has neglected a legal requirement during the foreclosure process. During the past few years, a lot of fraudulent behavior at banks has been uncovered – so we may see an increasing trend of using the courts to stop foreclosure. Fighting banks with lawyers is very difficult, expensive and time-consuming, even if you’ve got a perfect case (most people don’t stand a chance).

Get your FREE ebook – 5 Ways To Stop Or Avoid Foreclosure – http://bit.ly/2kvs8iY

3) Propose a move-out bonus. Often buyers of occupied foreclosure properties spend thousands of dollars on lawyers and other costs of eviction, so why not save everyone the time and expense by taking some of that money yourself? It’s known as “cash for keys”. It sounds a little greedy, but greasing the wheels does help everything to run smooth. Plus, you can help out the bank and the buyers by not abandoning the house to squatters before they’re ready to take possession.

4) Rent it back. It may sound crazy, but some banks are willing to take on previous homeowners as tenants in their property. That’s only a short-term fix, as they’ll want your agreement to vacate the premises as soon as they find someone to purchase the property. In some cases, we can even purchase the property and rent it back to you.

It’s really good that you’re reading this page and exploring your options. We help homeowners like you to find creative solutions.

We can’t help everyone, but we might be able to help you.

We buy local Sacramento California houses like yours from people who need to sell fast.s

Give us a call anytime at 916-850-0921 or
fill out the form on this website today! >>

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