How to Sell Your Home Fast in La Marque, TX When Faced With Foreclosure
Foreclosure1 is a long and difficult process for homeowners who can no longer afford the loan on their home. If you have defaulted on your mortgage payments, all hope isn’t lost. Selling a foreclosed home is a great way for homeowners to pay back their lenders and save their credit score from hitting rock bottom. If you’re curious about what it takes to sell your home fast in La Marque, TX when dealing with a foreclosure, read on.
The truth is, you can sell your home up until the point that it’s sold through an auction or the bank takes possession. This is considered the pre-foreclosure stage and gives homeowners time to figure out how to settle their debt. If you decide to sell, you will need to make the decision sooner rather than later. Ask your lender how much time you have before your home goes up for auction. In the state of Texas, the foreclosure process normally takes approximately 60 days. As long as you can pay off your remaining balance with the mortgage company, including all interest and fees, you’ll be able to avoid having a foreclosure on your record. This is normally a win for homeowners who otherwise would be in a bad situation. Of course, remember that you do have options. Have an honest conversation with your lender about your situation. Many are willing to consider compromises such as restructuring your loan or reducing or suspending payments for a short duration.
How Can I Sell My Home Fast?
There are a few different methods that homeowners can try to sell their homes quickly in La Marque, TX. Some lenders might agree to a short sale2, which allows homeowners to sell for less than what they owe. Though the company will end up losing money on the initial loan, they’ll save time skipping the complicated foreclosure process (i.e. processing, owning, and selling the property). This process takes a lot of paperwork but is a good way to find a buyer by lowering the asking price for the home. If you’re dealing with foreclosure, there is a way out. HomeGo can help you sell your home quickly at a fair price, avoiding the headache and rush that comes with an upcoming foreclosure. Once your home is sold, you can move out in a few months – plenty of time to get your affairs in order.