Sell Your Home Before Foreclosure

Call 1-800-BUY-HOUSES to Sell Your Pre-Foreclosure House

A house with a foreclosure sign in front of it

The best way to avoid foreclosure is to sell your house as soon as possible. Selling your house before the foreclosure goes through prevents the foreclosure from occurring, thereby preventing damage to your credit.

If you’re in preforeclosure, you’re already in peril. You likely don’t want to waste weeks or months trying to sell your house on the market. 1-800-BUY-HOUSES can help.

Call us to take a tour of your house and present you with a cash offer. We’ll give you a fair price for your house and help you preserve your credit. Contact us to get in touch with a real estate investor near you. 

When Is It Too Late to Prevent Foreclosure?

In general, it’s too late to prevent foreclosure when the bank has already sold your house. But until the bank has sold your house — whether at a foreclosure auction or otherwise — you can prevent the foreclosure by selling the property.

If foreclosure has been threatened but not announced, you’re still in the preforeclosure stage. You can sell your house now to avoid most of the negative ramifications of foreclosure.

If the foreclosure process has already begun, you have to act as fast as possible. Once the bank has sold your house, you won’t be able to reverse the foreclosure anymore.

How to Prevent Foreclosure

There are a lot of ways to prevent foreclosure! First and foremost, you should talk to your bank. In many cases, banks actually don’t want to go through foreclosure either. It’s an expensive, time-consuming process for them. If you’ve been forthright with your loan before, you may be able to apply for a loan modification. This lets you put the months of your mortgage that you’ve missed at the end of our existing loan.

If your bank doesn’t work with you, you can also declare bankruptcy. This is a big step. It will hurt your credit, just like foreclosure. But it can also help you a lot.

Houses are usually exempt from the process of bankruptcy (though there are some exceptions, especially for more expensive properties). You may be able to manage your other debts successfully enough that you can get your loan back on track.

But for most people, the best way to prevent foreclosure is to sell your house. If you’re going into foreclosure, you likely can’t afford your house regardless. Selling it quickly means that you’ll be able to repair your credit score faster, and you’ll have cash in hand to deal with other debts. 

Of course, to sell your house fast, you also need a buyer. And that’s where we come in.

Contact Us to Sell Your House Before Foreclosure Finalizes

A foreclosure can do a lot of damage to your credit. It can even prevent you from being able to purchase a house or rent an apartment in the future. You should do whatever is possible to avoid it.

If your foreclosure paperwork is already sitting on someone’s desk, you need to sell your house as fast as possible. The team at 1-800-BUY-HOUSES can help. Contact us to get a cash offer on your property. We’ll work as fast as possible to make sure that you get the cash you need before you experience a foreclosure.