Dealing with an impending foreclosure can be a scary thing.
Not only can you lose your property but your credit and ability to get future loans are in jeopardy. Not to mention trying to list and sell your property in this situation could possibly take months and the average buyer is overwhelmed with the thought of purchasing a pre-foreclosure.
Contact Garda Properties today to sell your property before the bank does. Our team is experienced with these situations and can get your property sold quickly or may even have the auction postponed allowing us time to buy.
Frequently Asked Questions
Is it too late to sell my property?
More than likely it is NOT too late to come out on top of a foreclosure situation. The lender holding your mortgage likely does not want to go through the laborious process of a sheriff sale auction and the following steps. Therefore, they’d likely be eager and amicable to a cash sale where they can be satisfied fully and sometime even partially before the auction date. In situations where the sheriff sale is sooner than we can close our closing team may be able to postpone the auction date.
Will the lender allow me to sell my property for less than the amount owed?
Possibly. This situation is known as a short sale and presents some unique obstacles, but it is not impossible, our team is experienced with these situations and will work diligently to find a solution.
Will you negotiate with the bank?
Yes, provided the seller gives us authorization our closing team will negotiate with the bank to discover the payoff totals and postpone the sheriff sale if permitted and necessary.
Should I allow the bank to take the house to sheriff sale?
We strongly recommend investigating other options such as selling the property to us, as allowing your property to foreclose has serious and damaging effects on credit and your future ability to qualify for loans.
