Southern California Home Info
How Do I Sell Instead of Foreclose?
The bank is foreclosing on my house, how do I sell instead of foreclose?
Get a Real Estate Broker and Put it up for sale quick.
Upside down? Many can short sell their home and not let the bank foreclose.Time is a factor here, the banks will only accept a market value offer if they allow you to short sell your home. So time is important. Sooner rather than later is key.
A short sale is just like a regular sale with the condition of having the lender accept less than is owed on the property. Not all short sales will be accepted. Banks require a verifiable hardship on the seller. The proceeds of the sale will pay the agents commissions, escrow fees, property taxes, etc. Saying you can not afford to sell is not the case. People do it every day.
Think of it as Short Sell instead of Foreclosure.
You need to be careful and avoid the scams and the scam artists.
Time is running out and you need to act now to save yourself from more potential issues.
When a Real Estate Broker Realtor Lists you home for sale, they do not get paid until the closing of the home, out of the proceeds of the home. This means for the most part, no out of pocket costs.
If you have questions, I am here to help you.
Call me 951 821 8211
9am - 6pm 7days
CALIFORNIA DEPARTMENT OF REAL ESTATE LICENSE 01312992 |