Profile picture for alegalgal25

Need help to find investor for possible purchase of pre-foreclosure home in the Triangle NC

My husband and I have owned a single family home in the Triangle NC area for the last 10 years. The home is renter occupied. There are no liens on the home, there is only one mortgage, we have been the sole owners of the home. The home is in good condition and there is equity in the home. We were consistently on time with our payments. A few months ago we went thru a hardship with my husband being laid off from his job just before he was about to get medical coverage. He is currently hospitalized with a major condition and we have been struggling for months to get up to date on our bills, pay for all of his medications and to pay our mortgage. We were in the process of working on a loan modification with our lender but little did we realize that at the same time, they had referred our home for foreclosure and they are actually STILL trying to work with us. We understand that we entered into an agreement to pay off this mortgage and that we are in the wrong. However, we were hoping the bank truly was trying to work with us and would give us a forbearance or some other workout option. We have always worked hard and paid our bills on time. We have an upcoming hearing this month and we are trying to find a way to get some more time to figure out what to do. With him being in the hospital and us having so many other things going on right now, the possibility of losing the home we've worked hard for the last 10 years for has just been a lot to bear. A friend suggested we try to find an investor to purchase the home prior to the hearing. We have about 2 weeks until the hearing date. No sale date has been scheduled. Do you have any solid/sound advice for us or do you know of any (legitimate) company who would be interested in such a purchase? I have reached out to an investor in our area but have heard nothing back yet. We truly need some help. 
  • April 01 2014 - Apex
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Answers (2)

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Profile picture for Sharon Lewis
I am so sorry to hear about your troubles. Have you looked into the HARP program?
  • April 02 2014
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I would like to help but can you clarify first if the house is being rented out to another person or do you actually live in the home?
  • April 01 2014
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