In a troubled economy, it can be hard to keep up with your bills. If you’re experiencing financial hardship, finding a way to cut down your monthly expenses becomes vitally important.
One cost that may quickly get away from you is the expense of monthly storage unit rentals, and foreclosure on a storage unit can be very stressful.
When you fall behind on your payments, the storage facility has the right to auction off your items to satisfy the lien. If your unit sells for more than the amount you owe, you should be entitled to the overage, but this doesn’t always happen.
Going into foreclosure can leave a bad mark on your credit, and you run the risk of losing items that were meaningful to you.
Rather than facing these risks, it might be a good idea to sell the contents of your storage unit on your own. This allows you to sort through your items and remove anything sensitive or valuable that you can’t bear parting with. It also gives you a chance to sell off the items for a profit.
Our OnlineStorageAuctions.com service is completely free, and anyone can put their storage unit up for auction through our system. Just provide us with a description of the items inside and a photograph. We’ll do the rest by posting it online alongside other storage unit auction listings.
Eager buyers from throughout the area will bid on your items. They may be looking to re-sell them themselves, stock a thrift store with them or simply keep them for their own homes.
Items that may be of little use to you could be worth a substantial amount to someone else, and selling your storage unit before you go into default is the best way to avoid foreclosure.
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