26 Feb How to Sell a House That Is In Foreclosure
Do you have a house that is in foreclosure in Washington DC, Maryland, or Virginia? If so, you’re probably wondering if you can sell your home. Good news: if you start right now, you might be able to sell the burdensome property and move on with your life.
Selling a DC, Maryland, or Northern Virginia Property in Foreclosure
Unfortunately, many people in our local area have faced foreclosure over the last decade or so. While it may seem like the end of the world, it isn’t. You can land on your feet if you navigate the foreclosure process properly (although, it can still be a pain!)
Here are some tips for working with your bank throughout the foreclosure process. These tips will help it go more smoothly and give you a better chance of getting what you want throughout the process.
Remember that time isn’t on your side.
You’re going to have to sell your property quickly. Otherwise, the foreclosure will go through and you won’t be able to settle your debts. Get to work on selling your property right away, and explore options for selling as quickly as possible.
Let the bank know that you’re trying to sell.
Communicate with your bank, explain your problems and situation, and show them that you’re willing to help fix the problem. Update them throughout the process of marketing and selling the property.
Be conscientious and respectful.
Even though you’re going through a stressful time, don’t be rude. Remember—bankers are people, too. Chances are, they want to help you and don’t want to see you suffer. You just have to do your best to be easy to get along with.
Keep plenty of records.
Whenever you speak with the bank, keep a record of your conversation. You can’t prove anything unless it’s in writing, so if you can communicate through email, that is always a good idea. You always want to have a record of the people you speak with, the promises that were made, and the words that were exchanged regarding the foreclosure of your property.
Try to slow down the foreclosure process.
Sometimes, it is possible to slow the foreclosure process. Explore your options. Every situation is different, but it may be possible to modify your loan, claim bankruptcy, or work with your bank to avoid imminent foreclosure. Remember—your bank wants to help you avoid foreclosure; they don’t want to see your home abandoned or auctioned.
Sell your home as quickly as possible by going through a professional homebuyer.
Instead of selling your home in the traditional way, you can go through a homebuyer like MarketPro and save a lot of time. At MarketPro Homebuyers, we specialize in helping homeowners like you. We’ll help you get out of your difficult situation and avoid foreclosure. Sometimes, we can even negotiate with your bank to reduce the amount you owe.
We’ll offer a fair price for your property, we accept homes in any condition, and we can even help you with your packing and moving expenses. Contact us today to learn more about selling a home in foreclosure.