Do you have a Santa Clara County California house that’s in foreclosure right now? When you’re going through the California foreclosure process, it can seem like your entire life is turned upside down. You may be wondering if selling a house in foreclose would help get rid of this constant pressure and allow for some peace-of-mind; the short answer: yes. The long answer: it’s a little more complicated, but usually you can sell your property prior to foreclosure. Generally, the sooner you start, the better.
Can I Sell My House in Foreclosure in Santa Clara County? – How it works
There are a lot of folks in the Bay Area who have faced foreclosure in the past few years. Since the changes in the economy, a lot of banks have been shifting the way that they deal with foreclosures.
Remember, the bank that carries your mortgage doesn’t want to see your home abandoned or auctioned. The bank will make more money by helping you to avoid foreclosure; they do this by helping you sell your property as close to market rate as possible. However, they’re not exactly winning customer service awards while they “help” you avoid foreclosure. Over many years of working with banks to help stop the foreclosure process, we’ve learned a few tricks that will help you maintain dignity and walk away with cash in your pocket.
Working With Banks During The Foreclosure Process
- Always over-communicate with the bank (but don’t be annoying). Stay in regular communication and show them what you’re doing to get your property sold.
- Don’t miss deadlines. If anything will be late, let them know well in advance.
- Remember that bankers are people too. Without being dramatic, explain your situation and demonstrate your willingness to fix the problem to make it right, it goes a long way.
- Keep complete records of every conversation you have with the bank. You should know- 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 Santa Clara County house in foreclosure fast, call us now.
We specialize in helping homeowners in sticky financial situations, like foreclosure, around Santa Clara County and the whole state of California 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 Santa Clara County, we can help you.
We buy properties like yours from people who need to sell fast.