Is your home in Houston Texas currently facing foreclosure? Many homeowners navigating the Texas foreclosure procedure are seeking ways to escape the heavy responsibilities of their property and are curious about their options for selling it. The question they have on their mind is: “Can I sell my house in foreclosure?”
The simple truth is yes, you can sell your house in foreclosure. While the process is a bit more intricate than one might think, it is generally possible to sell the property before foreclosure takes place. The key is to begin the process as early as possible.
Can I Sell My House in Foreclosure in Houston? – How it works
Lots of people in Houston have had to deal with losing their homes to foreclosure recently. Ever since the economy took a hit, banks have been changing how they handle these situations. Keep in mind, most lenders that holds your mortgage don’t really want to deal with having to sell your house at the auction. They’d rather make the most cash by making sure the loan gets paid.
If you intend to sell your home to an investor, it is essential to work with one that can follow through on their promise to close on the house before the auction date. If the investor is reputable and serious about buying the house the lender may even go as far as postponing the auction to give them enough time to close on your property.
We’ve had this happen numerous times after presenting the signed purchase and sale agreement as well as the proof of funds to the lender. But there is one catch! Trying to talk to lenders at any stage of the foreclosure process can be super frustrating. After years of working with homeowners and their lenders to stop foreclosures, we’ve picked up a few tips that can help you out.
Working With Banks During The Foreclosure Process
- Always keep in touch with the bank (but be over-annoying). Give them updates and show them what steps you’re taking to sell your property.
- Don’t forget about deadlines. If something’s going to be late, let them know as soon as possible.
- Remember, bankers are just people too. Don’t get too worked up, but explaining your situation and showing you’re ready to fix any issues can really help.
- Start writing down every time you talk to the bank. Everything you say is important, so make sure to record who you talk to, what they said, and any promises they made.
- Look into all of your options, like short sales, loan modification and bankruptcy. Depending on your situation, you might be able to stop the foreclosure process with some effort. Every bank has its own ways to help people avoid losing their homes.
- Don’t put it off. Sadly, time isn’t on your side. The more you fall behind on payments, the fewer options you’ll have.
If you’re looking to sell your Houston house in foreclosure fast, call us now.
We’re experts at helping people who are facing foreclosure in Houston and the entire state of Texas get out of tough spots and steer clear of losing their homes. Most importantly, our customers avoid making a huge dent in their credit history. In some cases, we can talk directly with the bank to lower the amount you owe or even help you sell your property for cash and walk away. We are most famous for our business model of equity partnerships with our customers, allowing you to maximize the value of your homes despite the shortage of time or dire life circumstances. Take a look at the amazing reviews of our grateful customers!
If you need to sell a property near Houston, we can help you. There are several ways we can buy your house and you can learn about those here.
We buy properties like yours from people who need to sell fast!