I Got a Pre-Foreclosure/ Foreclosure LetterIn My Mail… Can I Get Rid of My Louisville Property Before I Get Foreclosed On & Ruin My Credit?

I Got a Pre-Foreclosure/ Foreclosure LetterIn My Mail… Can I Get Rid of My Louisville Property Before I Get Foreclosed On & Ruin My Credit?

 

 I Got a Pre-Foreclosure/ Foreclosure LetterIn My Mail... Can I Get Rid of My Louisville Property Before I Get Foreclosed On & Ruin My Credit?

 

Do you have a Louisville home that is in foreclosure right now? If you’re like the majority of people, all you really want to do is free yourself from this unfortunate situation in tact… save your credit, and move on without it hurting your future. Is it possible? Long story short… yes. The long answer: it’s a little more challenging, but usually you can sell your house right before foreclosure. In most cases, the quicker you start, the better.

Selling Your Louisville House In Foreclosure – How it works

There are a lot of folks in Louisville who have experienced a foreclosure in the past few years. Banks don’t deal with foreclosures the same way they used to. Since the changes in the economy, their view on foreclosures have improved..

Remember… the bank that holds your mortgage note 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 federal government. It’s a big, slow, and generally 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 & tricks over the years of dealing with banks that will help you stop your foreclosure.

Handling Banks During The Foreclosure Process

You never want the banks to wish for information. Keep them up to date- over communicate, but don’t take it to the extreme and become infuriating. Call with progress reports…. show them that you are doing everything in your power to sell your property.

Follow their rules and instructions to the letter. One of the most common mistakes we see is missing deadlines….. DON’T MISS DEADLINES. Catastrophes happen right. The world stops spinning and although you have done everything in your power… sometimes you can’t make a deadline. Call in advance and let them know if you are going to miss a deadline.

Remember that bankers are just doing their jobs. It’ll be difficult, but try to remain calm and keep your emotions in check. Explain your situation and demonstrate your drive to fix the issue.

Start keeping careful records of every discussion you have with the bank. Nothing counts unless it’s 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.

Research all your options, including short sale, loan modifications, and bankruptcy. Depending on the details of your personal situation, perhaps you may be able to noticeably slow down the foreclosure process with enough effort. With its policies and procedures designed to help homeowners avoid foreclosure each and every bank has its own options on how flexible they can and are willing to be.

Do not dilly dally. Unfortunately, time is not on your side. 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 Louisville house in foreclosure fast, check us out online and call us right now.

 

We specialize in helping at risk home-owners in perilous situations like pre-foreclosure surrounding Louisville and the whole state of Kentucky . We help homeowners get out ofvery difficult situations and avoid foreclosure. In certain circumstances Glymph properties can make a deal directly with the bank to reduce the amount you owe and (occasionally) even help you walk away from your house with cash.

 

If you need to liquidate a property near Louisville, 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 888-509-6267 Ext 4 or fill out the short form over here .

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

 

We’re happy to help you find answers to your toughest questions about your Louisville real estate, so please feel free to call us at 888-509-6267 Ext 4 and chat with us anytime.

Fill out this form or give us a call anytime at 888-509-6267 Ext 4 for a Fair Cash Offer

Check Out Our Website See how it works

Check out our blog!

www.gpbuyshomes.com/blog

We are interested in buying houses in: 40202, 40203, 40204, 40206, 40209, 40212, 40214, 40258, 40272.

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Are you looking to find other properties to invest in… visit our investor website or give us a call anytime at 888-509-6267 Ext 3 for a Fair Cash Offer

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www.gpsellshomes.com/blog

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Are you looking for rent to own properties… visit our rent-to-own website or give us a call anytime at 888-509-6267 Ext 5 for a Fair Cash Offer

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