Are you currently facing foreclosure on a house in Dallas, Plano, McKinney, or Frisco, TX?
Many individuals who are undergoing the foreclosure process in TX desire to be free from the strain of owning that house and question if they can sell it before the foreclosure is finalized.
The straightforward response is yes, you can sell a property in foreclosure. However, the process is slightly more complicated and it is usually possible to sell your property before foreclosure occurs. It is recommended to start the selling process as soon as possible for the best outcome.
Can I Sell My House in Foreclosure in Dallas, Plano, McKinney, or Frisco? – How it works
Many individuals in Dallas, Plano, McKinney, or Frisco have undergone foreclosure in recent years. The changes in the economy have prompted banks to change their approach in dealing with foreclosures.
It’s important to note that the bank holding your mortgage does not want to see your property become vacant or sold at auction. The best outcome for the bank is to assist you in selling the property to avoid foreclosure. However, working with banks during the foreclosure process can be challenging. With years of experience in working with banks to prevent foreclosure, we have acquired valuable insights that can aid you.
Working With Banks During The Foreclosure Process
- Always over-communicate with the bank (but don’t be annoying). Call with updates and show them what you’re doing to get your property sold.
- Don’t miss deadlines. If anything will be late, call with advance notice.
- Remember that bankers are people too. Don’t be overly dramatic, but explaining your situation and demonstrating your willingness to fix the problems to make it right goes a long way.
- Start keeping careful records of every conversation you have with the bank. Nothing counts unless it is in writing. Make sure to keep track of each person you speak with, what they said, and any promises made.
- Explore all your options, including short sale, loan modifications, and bankruptcy. Depending on the details of your personal situation, you may be able to dramatically slow down the foreclosure process with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.
- Don’t wait. Unfortunately, time is not on your side. The further behind you become on payments, the fewer options are available to you.
If you’re looking to sell your Dallas, Plano, McKinney, or Frisco house in foreclosure fast, call us now.
We specialize in helping homeowners in situations including foreclosure around Dallas, Plano, McKinney, or Frisco and the whole state of TX get out of difficult situations and avoid foreclosure. In certain circumstances, we can negotiate directly with the bank to reduce the amount you owe and (sometimes) even help you walk away from your property with cash.
If you need to sell a property near Dallas, Plano, McKinney, or Frisco, we can help you.
We buy properties like yours from people who need to sell fast.