Discover an easier way to sell your home during foreclosure. You might be surprised by the potential equity, with up to a 30% (or more) reduction in your mortgage balance. Let us guide you through the process and find the best solution for your foreclosure situation.
Yes, and it’s a lot easier than you might think. Selling your property while in foreclosure isn’t any different than selling your property while paying a mortgage. In both cases, a payoff letter is generated (by the mortgage company or sheriff’s deed holder) stating how much you owe, and by when. If you sell your home for more than what is owed, you get to keep the difference.
You might be thinking, “How can I sell my house? I don’t have any equity.” While that may be true, it is not always the case. There can be a difference between what you owed on your mortgage statement and what is owed on a sheriff’s deed. Sometimes the difference is drastic.
It varies, but a 30% (or more) reduction to the balance owed on your mortgage is possible. Lenders are not required to tell you what your sheriff’s deed balance will be before a foreclosure sale. You could be sitting on a large amount of equity you didn’t even know about.
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We’re a real estate investment firm. That means we’re not bankers or lawyers. We have a great team of friendly professionals with over 30 years of experience helping out folks just like you with their homes. Here’s some ways we can help you:
Getting started to sell your property is easy. Just pick up the phone or send us an email. We will ask some basic questions and can make an initial market analysis about your property’s value. We can also advise you on the amount you owe on your sheriff’s deed and estimate how much cash you could receive at closing. You’ve worked hard for your home. Keep the equity you earned.