Foreclosure is a nightmare to any family going through it, irrespective of why they are about to lose their home. Today, we will look at the foreclosure effects in Augusta GA and what local house sellers need to know. First, we will look at the impact and the ways of easing them.

Loss of your home – Pretty self-explanatory here. The primary result of a foreclosure in GA is losing the house to the bank.
Decrease in Your Credit Rating – Your credit rating will be lowered by the foreclosure. How much? It depends on how high your current credit score is… but the higher your current credit score… the more your score will drop after a foreclosure. If you have a credit score of 680 or higher… you may see a drop of 100+ points.
Depression and Stress – Your mental health is at stake because of the high-pressure situation. Going through a foreclosure is emotionally exhausting and frustrating to say the least.
House Values In Your Community – Another one of the big foreclosure effects in Augusta GA is that they tend to lower the overall value of the houses in your neighborhood… especially if there are multiple foreclosures in the immediate area.

How You Can Ease The Effects Of Foreclosure In Augusta

For your and your family’s well-being, you need to mitigate the effects of foreclosure as much as you can. The process can be frustrating and time-consuming, but some people can help you navigate your options.

First…

Call your bank and work with them: Most banks are willing and ready to work with you… if you can show that with their help, you can get back on track and save your house. Or, if you just want out of the house but owe more on the house than it’s worth… see if the bank has any programs to lower the mortgage burden so you can get out from underneath it without it going through an expensive foreclosure.
Talk with a local real estate expert, like HAS Holdings LLC: We know the local Augusta real estate market well and are very experienced in the foreclosure process here in GA. Call us at 706-873-1213 and we can guide you toward the resources that can help you.
Sell your house: If you’d find a way to sell your home and avoid foreclosure, great! We buy local Augusta houses for cash… and would love to look at your situation and make you a fair all-cash offer on your home. Just call us at 706-873-1213 or shoot us your details through this website.

With the above knowledge on foreclosure effects in Augusta – what sellers need to know, you can guard yourself by calling HAS Holdings LLC at 706-873-1213, and we shall assist you in the shortest time possible to sell your house. However, to fast-track the process, kindly fill out our website contact form to provide more information about you. We’d love to connect and help you find the best solution!