I Got a Pre-Foreclosure/ Foreclosure Letter… Can I Sell My House Before I Get Foreclosed On & Ruin My Credit?

I Got a Pre-Foreclosure/ Foreclosure Letter… Can I Sell My House Before I Get Foreclosed On & Ruin My Credit?

 

 I Got a Pre-Foreclosure/ Foreclosure Letter... Can I Sell My House Before I Get Foreclosed On & Ruin My Credit?

 

Are you in the unfortunate situation of having a home in foreclosure? If you’re like a lot of people, all you really want to do is escape this unfortunate situation in tact… salvage your credit, and move on without it hurting your future. Is it feasible? The short answer: of course. The long answer: it’s a little more tricky, but usually you can get rid of your house just prior to foreclosure. In general, the faster you get started, the least complicated it’ll be.

 

How It Works- Selling Your House In Foreclosure

There are many people in who have experienced a foreclosure in the past few years. Since the changes in the economy, quite a lot of banks have been altering the way that they deal with foreclosures.

Remember… the bank that holds your house loan doesn’t want to see your house abandoned or auctioned. Banks are in business to make money, not burn it… they’ll make the most amount of money by helping you avoid foreclosure by helping you sell your property. Dealing with banking institutions is like dealing with the government. It’s a big, slow, and normally a hot mess. Red tape, bureaucracy, and waiting for things that could and should have been done “yesterday”. Basically…. it’s tough and trying, but doable. We’ve learned a few tips over the years of dealing with banks that will help you stop your foreclosure.

Working Together With Banks During The Foreclosure Process

Always over-communicate with the bank (but don’t be bothersome). Call with progress reports…. show them that you are doing everything in your power to sell your property.

Don’t miss deadlines. Catastrophes happen right. The world stops spinning and although you may have done everything in your power… sometimes you cannot make a deadline. Call in advance and let them know if you are going to miss a deadline.

Remember that bankers are people too. Don’t be overly dramatic, but conveying your situation and demonstrating your determination to fix the issue to make it right, goes a long way.

Start keeping careful records of every discussion you have with the bank. Nothing counts unless it is recorded. Keep track of who, what, when, where, and if you can make sure to email conversation summaries to the party you spoke with to demonstrate your notes are accurate.

Look into all your options, including short sale, loan modifications, and then bankruptcy. Depending on the details of your personal situation, you might be able to radically decrease the pace of the foreclosure process with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.

Don’t wait around. Unfortunately, time is of the essesnce. The longer you wait, the futher behind you become, the less options are open to you.

If you’re looking to get rid of your home in foreclosure fast, check us out online and call us now.

 

We specialize in helping at risk homeowners in perilous situations like foreclosure surrounding and the whole state of . Glymph Properties helps homeowners get out ofcomplicated situations and avoid foreclosure. In certain circumstances Glymph properties can negotiate directly with the bank to reduce the amount you owe and (at times) even help you walk away from your house with cash.

If you really need to liquidate a property near , we can help you.

 

We buy properties like yours from folks who have to to liquidate fast.

 

We close fast and can pay cash in as little as just 3-5 days. Give us a call now at or check out our website over here .

Sell Your House Fast – We Buy Houses…Get A Cash Offer Today

 

We’re happy to help you find answers to your toughest questions about your real estate, so please feel free to call us at and chat with us anytime.

Fill out this form or give us a call anytime at for a Fair Cash Offer
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