Many homeowners in Columbia SC may be wondering, how can I save my home from foreclosure? There are a few options available to homeowners at risk for default on their loans. A possible solution is to refinance to save from home foreclosure. Refinancing can provide a lower interest rate that the homeowner may be able to afford long-term. If refinancing is not a possibility, another option may be to short sell the property. Short selling, or selling for less than the amount owed to the lender, is still damaging to a homeowner's credit but has less impact on the credit score than a foreclosure. With a short sale, a person may also have the ability to buy a house sooner in the future.
Each homeowner has a unique financial and personal situation, and the decision to foreclose on a house that was once considered a home can be a difficult decision for many people. Understanding what causes house foreclosures can help homeowners avoid these scenarios and may ultimately help save a home from foreclosure.
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Stop Foreclosure in Columbia SC
What is my Columbia SC Home Worth
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