We Can Buy Your House As-Is During Forbearance
If you are going through a difficult time financially and are finding it difficult to pay your mortgage, you may be a candidate for the CARES Act forbearance program. Forbearance can postpone your payments, giving you time to sell your house. M1 Home Buyers can help you sell your house while in forbearance so that you avoid bankruptcy or foreclosure.
We are local home buyers in Metro Detroit, Michigan. Our buyers can do a quick walkthrough of your house, make a fast cash offer, and close the sale in as little as seven days. We buy houses as-is. You make no repairs or renovations. Plus, you avoid realtor commissions and closing costs. To find out more about how to sell your house while in forbearance, call 248-397-5800 to get a fast cash offer.
How Do I Sell My House Fast While in Forbearance?
Regardless of how long your forbearance period lasts, you may have limited time and money to sell your house before the period ends. Therefore, if you need an alternative to a traditional, M1 Home Buyers can help you sell your house fast as-is for cash. You can sell your house in three easy steps.
Contact Our Buyers
The first step in a cash sale is simple. Call one of our local home buyers in Metro Detroit, Michigan. Schedule a walkthrough of the property. We’ll arrive on-site, assess the house, and decide if we want to make an offer. Don’t worry about repairing or even cleaning your house. We buy houses as-is.
Get a Fast Cash Offer
If we like what we see, we will make a cash offer on the house. In most cases, we’ll make an offer within 24 to 48 hours of looking at the property. Our offers are based on a healthy percentage of your property’s current market value. So, you will never have to worry about a lowball offer..
Close the Sale Quickly
If you agree to our offer, the next step is to schedule a convenient closing date. All you have to do is sign the paperwork and walk away from the house with no strings attached. M1 Home Buyers pays all closing costs and will handle any pending foreclosures on your behalf.
Understanding the Forbearance Process
During forbearance, the lender temporarily suspends or reduces your mortgage payments so that you can get caught up financially. Forbearance is not debt forgiveness. You will eventually have to pay back the payments at a later date. Forbearance is also not permanent. Your original payments may return once the forbearance period ends.
You May Qualify for the CARES Act Forbearance Program
One of the benefits of the CARES Act forbearance program is that you do not have to prove financial hardship to qualify for payment postponement. If you contend that you are currently going through a difficult timer financially, your lender is automatically required to issue a forbearance to put your payments on hold.
How long your forbearance lasts depends on your situation. The initial forbearance period is 180 days. However, the CARES Act allows you to extend forbearance up to a year. May homeowners are getting an additional extension in 2021. It gives you time to sell your house for cash to a local home buyer in Metro Detroit, Michigan.
Why Sell Your House As-Is for Cash?
If your mortgage is currently in forbearance, you may not have time to sell your house fast the traditional way. If so, a cash sale can help you get out from underneath the mortgage before the forbearance period expires. There are several benefits of working with our local home buyers.
We Know the Metro Detroit Market
M1 Home Buyers has worked with hundreds of home sellers in the Metro Detroit area. We know the local real estate market, understand the frustrations that sellers experience, and know what your property is worth. Instead of working with a national company, why not sell your house to local buyers right here in Metro Detroit?
A Cash Sale Saves You Money
By the time you pay for all the expenses associated with a traditional sale, you may wonder if going through a realtor was worth it. M1 Home Buyers can help you avoid common selling costs such as realtor commissions, repairs, marketing costs, closing costs, and showing costs. Keep your money and get cash for your house.
Avoid Foreclosure or Bankruptcy
If you cannot make your mortgage payments, you may have to file bankruptcy or allow the house to go into foreclosure once the forbearance period ends. A cash sale can help you avoid foreclosure or bankruptcy, keeping your good credit intact. You can close the sale in as little as seven days and walk away with no strings attached.
Simplify the Selling Process
Regardless of your reason, there is nothing easy about selling a house the traditional way. You have to find a realtor, list the house, make repairs, prepare the house for showings, negotiate with buyers, and go through a lengthy closing process. M1 Home Buyers can help you skip all that with a fast, simple cash sale.
Sell Your House As-Is to M1 Home Buyers
Regardless of your situation, you can still sell your house while you are in forbearance. Take advantage of the CARES Act forbearance program and sell your house fast to M1 Home Buyers. We are here to help you get out from underneath your mortgage. Call 248-397-5800 to schedule a quick walkthrough and get a fast cash offer.