Can I Sell My House in Foreclosure?

Do you have a Floresville Tx house that’s in foreclosure right now? Many people going through the Tx foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can sell your property prior to foreclosure. Generally, the sooner you start, the better.  Until the house goes to the auction block you still own the house.  After it is offered to the public on the auction block, that property no longer belongs to  you.

Can I Sell My House in Foreclosure? – How it works

foreclosure noticeThere are a lot of folks who have faced foreclosure in the past few years. Since the changes in the economy, a lot of banks have been shifting the way that they deal with foreclosures.
Remember, the bank that carries your mortgage doesn’t want to see your home abandoned or auctioned. The bank stands to make the most amount of money by helping you to avoid foreclosure by selling your property. However, dealing with banks during any part of the foreclosure process can be a huge pain. Over many years of working with banks to help stop the foreclosure process, we’ve learned a few tricks that will help you.

Working With Banks During The Foreclosure Process

  1. Always over-communicate with the bank (but don’t be annoying). Call with updates and show them what you’re doing to get your property sold.
  2. Don’t miss deadlines. If anything will be late, call with advance notice.
  3. Remember that bankers are people too. Don’t be overly dramatic, but explaining your situation and demonstrating your willingness to fix the problems to make it right goes a long way.
  4. Start keeping careful records of every conversation you have with the bank. Nothing counts unless it is in writing. Make sure to keep track of each person you speak with, what they said, and any promises made.
  5. Explore all your options, including short sale, loan modifications, and bankruptcy. Depending on the details of your personal situation, you may be able to dramatically slow down the foreclosure process with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.
  6. Don’t wait. Unfortunately, time is not on your side. The further behind you become on payments, the fewer options are available to you.

If you’re looking to sell your Floresville house in foreclosure fast, call us now.

We specialize in helping homeowners in situations including foreclosure around Floresville and the whole state of Tx get out of difficult situations and avoid foreclosure. In certain circumstances, we can negotiate directly with the bank to reduce the amount you owe and (sometimes) even help you walk away from your property with cash or we have a network of investors who are looking to buy–but investors do buy at discounted prices.

If you need to sell a property near Floresville, we can help you.

As the Floresville Real Estate Agent – Faye Y Taylor is here for your questions and for help

Give us a call at (210) 216-7722 anytime
or fill out the form over here today! >>

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