Can I sell my house before foreclosure? Do you have a Boise Idaho house that’s in foreclosure right now?
Many people going through the Idaho foreclosure process want to get out of that burdensome house and ask themselves, “Can I sell my house before foreclosure?“
The short answer: yes. The long answer: it’s a little more complicated, but usually you can sell your property before foreclosure. Generally, the sooner you start, the better.
Selling Your Boise House In Foreclosure – How it works
Many people in Boise have faced foreclosure in recent years. Since the changes in the economy, many banks have been shifting how they deal with foreclosures.
Remember, the bank that carries your mortgage doesn’t want to see your home abandoned or auctioned.
The bank stands to make the most amount of money by helping you avoid foreclosure by selling your property. However, dealing with banks during any part of the foreclosure process can be a huge pain. Over many years of working with banks to help stop the foreclosure process, we’ve learned a few tricks that will help 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: 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.
So if you’re asking yourself can I sell my house before foreclosure and want to sell it fast, call us now.
We specialize in helping homeowners in situations including foreclosure around Boise and the whole state of Idaho 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. We buy houses Boise and near cities, Nampa, Caldwell, Kuna, Middleton, Parma, Melba, Meridian, Homedale, Eagle, Star.
If you need to sell a property near Boise, we can help you.
We buy properties like yours from people who need to sell fast.