Foreclosure Prevention Programs: What’s Available and How To Qualify

When you’re already struggling financially, the fear of losing your home only adds more stress to you and your situation. Trying to avoid foreclosure may be consuming your thoughts, energy, and time.

Preventing foreclosure will have a substantial positive impact by relieving that fear and protecting your financial standing. But how do you do it?

The foreclosure process takes months; depending on where you are in the process, you may still have time. As the date when the lender will sell your house nears, you will need to act more quickly.

At The District PHX, we are real estate experts who have helped other Phoenix neighbors just like you through the same stressful times facing — and preventing — foreclosure.

Let’s take a look at foreclosure prevention programs in general and how we can help.

What Is a Foreclosure Prevention Program?

Programs that provide support to homeowners facing the possibility of losing their homes are known as foreclosure prevention programs. These programs are typically targeted toward low- and moderate-income homeowners and usually involve advice and assistance with:

• Loan modifications
• Refinancing
• Forbearance
• Other options 

Depending on your personal circumstances, most programs require your home to be located within specific areas and be your primary residence. One example is the Veterans Affairs program that connects Veterans and surviving spouses of Veterans with counseling from a VA loan technician — even if your loan isn’t a VA-guaranteed loan.

You may have already explored some options to prevent foreclosure and found that you don’t qualify. This doesn’t mean you are out of options, even if you are trying to prevent foreclosure with bad credit. The District has foreclosure prevention programs that can help.

Your Arizona Foreclosure Prevention Assistance 

When you feel like you’re at the end of your rope, you need someone in your corner who understands the ins and outs of foreclosure and understands what you’re going through. The District is here to help you navigate this challenging time.

The District Difference

We’ve spent decades helping people just like you, and we offer you a real difference. 

We make a promise. We always listen first, we take time to answer all of your questions, we explain all of your options and make sure you understand them, and then, we only move forward when we know it’s the right decision for both of us.

Our Foreclosure Prevention Programs

The District Buy is a local fast cash homebuyer with deep ties in Phoenix. Because we are part of your community, our goal is to build relationships, so we find out what your goals are.

Our programs are available whether you want to remain in your home or are ready to move out.

I Want To Remain in My Home

You can sell your home and continue to live in it for a predetermined length of time, anywhere from a few months to several years. Known as a home sale leaseback or residential sale leaseback, a rental agreement is processed at the same time as the sale contract, creating a landlord-tenant relationship.

With this program, you can:

• Avoid foreclosure
• Stay in your home while you rebuild your credit
• Limit the disruption of a painful move during a challenging time
• Skip a credit check, appraisal fees, and realtor commissions

We lead with transparency; check out our process here.

I’m Ready To Move

You may prefer or need to move out of your current home as the best option for rebuilding your life and improving your financial situation. We also have a foreclosure prevention program that avoids a forced sale of your home and the accompanying long-term effect on your credit. With our fast cash purchase program, you can:

• Avoid foreclosure
• Skip the hassle of listing your home and fearing a sale won’t go through in time
• Maintain your privacy with no signs in your yard or strangers in your home
• Save money by selling your home as-is and not paying realtor commissions

If this option sounds best for you, we want you to understand our process. 

See all of the steps we’ll go through together. 

How To Qualify for Foreclosure Prevention With The District PHX

The first step you’ll need to take is to understand more about The District PHX and what we do. Take some time and review our website.

Next, meet with us so we can learn about you and your situation. During this meeting, we’ll listen and then explain your options and describe how our programs work financially. We’ll even be able to give you an estimated offer.

If you want to move forward with one of our two programs, we’ll have some additional intake questions and request photos of your home inside and outside. This additional information lets us put together a formal — and fair — offer.

We are completely transparent throughout the process and want you to be comfortable with your decision. After all, we’re neighbors.

Contact us today, and together we’ll find the solution that’s right for you.