Can I sell my Tacoma house in foreclosure?

iwillbuyhouse • December 16, 2016

Can I sell my Tacoma house in foreclosure?

n

By 

n Share on facebookn share n

Do you have a  Washington house that’s in foreclosure  right now? Many people going through the  Washington foreclosure process  want to get out from under that burdensome house and wonder if they can sell the house in foreclosure.  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.

Selling Your House In Foreclosure – How it works

There are a lot of folks in 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 stands to make the most amount of money by helping you to  avoid  foreclosure  by selling your property. However, dealing with banks during any part of the foreclosure process can be a huge pain. Over many years of working with banks to help stop the foreclosure process, we’ve learned a few tricks that will help you.

Working With Banks During The Foreclosure Process

  1. Always over-communicate with the bank  (but don’t be annoying). Call with updates and show them what you’re doing to get your property sold.
  2. Don’t miss deadlines.  If anything will be late, call with advance notice.
  3. Remember that bankers are people too . Don’t be overly dramatic, but explaining your situation and demonstrating your willingness to fix the problems to make it right goes a long way.
  4. Start keeping careful records of every conversation  you have with the bank. 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.
  5. 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.
  6. Don’t wait.  Unfortunately, time is not on your side. The further behind you become on payments, the less options are available to you.

We specialize in helping homeowners in situations including foreclosure around and the whole state of Washington 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 , we can help you.

We buy properties like yours from people who need to sell fast.

Give us a call at  206-231-5864  anytime
or  fill out the form over here today! >>

n Share on facebookn share n

Get More Info On Options To Sell Your Home…

Selling a property in today’s market can be confusing. Connect with us or submit your info below and we’ll help guide you through your options.

What Do You Have To Lose? Get Started Now…

n

We buy houses in ANY CONDITION. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property…

n

n

    • n

nnnnnnnnn

n n n n n n n n

After Selling Your Home

Planning for Life After Selling Your Home: Financial Strategies and Advice

February 5, 2025
Selling your home is a significant life event that can greatly impact your financial landscape. Whether you're choosing to downsize, relocate, or capitalize on the increased value of your property, understanding the financial implications is vital. This guide explores the various strategies and considerations for planning your financial future after selling your home.
Sellers in Washington

Real Estate FAQs: Common Questions Answered for Sellers in Washington

January 26, 2025
Navigating the real estate market can be daunting, especially for sellers looking to make informed decisions in Washington. With a myriad of factors to consider—from legal requirements to market trends—having a comprehensive understanding of the process is essential. This guide aims to answer common questions and provide valuable insights for home sellers in Washington, focusing on key aspects like cash buyers, legal considerations, property valuation, and more.
Home Inspections in Cash Sales

Understanding the Role of Home Inspections in Cash Sales

January 19, 2025
The real estate market is a complex and multifaceted arena, where various processes and protocols come into play to ensure successful transactions. One such critical component is the home inspection, a comprehensive assessment of a property's condition conducted by a certified professional. This process is designed to identify any existing or potential issues with a home, ensuring that buyers have all the necessary information before finalizing a transaction. While home inspections are a standard procedure in traditional sales, their significance in cash sales is often underestimated. Despite this perception, home inspections remain a vital element for both buyers and sellers, safeguarding their interests and facilitating smoother transactions.
Open Market

What to Do When Your Home Fails to Sell on the Open Market

January 12, 2025
Selling a home is often an intricate process that can test one's patience and strategy. When a property remains unsold on the open market, it can be both perplexing and stressful for homeowners. Understanding the underlying reasons for this situation can be instrumental in adjusting tactics to achieve a successful sale. Factors such as overpricing, inadequate marketing, or unfavorable market conditions may be contributing to the delay. Exploring alternative selling methods, such as working with cash buyers or making strategic home improvements, can help attract renewed interest and expedite the process.
Relocating for Work

Navigating the Challenges and Opportunities of Relocating for Work

January 5, 2025
Relocating for work can be a daunting task, filled with urgency and stress. The need to coordinate logistics, find new housing, and sell an existing home quickly can create significant pressure. Common concerns include the timing of the move, fluctuations in the housing market, and the emotional strain of leaving a familiar environment. These challenges often affect the home selling process, especially when a quick sale is necessary. When moving across cities or states such as Seattle, Tacoma, Bellevue, Spokane, and Vancouver, logistical issues can compound the stress of relocation.
Cash Home-Buying Companies

An Insider's Look at Cash Home-Buying Companies

December 31, 2024
Cash home-buying companies, such as Legacy Onset Home Buyer, provide an alternative to traditional real estate transactions. These companies purchase properties directly from homeowners, offering cash payments and a streamlined process. Unlike traditional real estate agencies that list homes and rely on buyer financing, cash home buyers complete transactions swiftly, often in a matter of days. This rapid turnaround is particularly appealing to those who need to sell quickly due to pressing circumstances.
Selling a Rental Property in Washington

Selling a Rental Property in Washington: What Landlords Need to Know

December 26, 2024
Understanding the intricacies of tenant rights and lease agreements is crucial for landlords planning to sell their rental properties in Washington State. The process involves several legal and financial considerations that can impact both landlords and tenants. In this article, we explore these factors, providing insights into tenant rights, lease agreements, potential legal challenges, and more.
Understanding Home Valuations

Guide to Understanding Home Valuations: Does Your Asking Price Match Reality?

December 19, 2024
Selling a property is a significant financial decision, and determining an accurate home valuation is a critical step in this process. The valuation sets the groundwork for how the sale unfolds, affecting both the speed at which the property sells and the price it ultimately commands. Setting the asking price too high can result in the property languishing on the market, potentially deterring buyers and leading to eventual price cuts. Conversely, pricing it too low can mean financial losses. Therefore, understanding the true value of your property is essential for attracting the right buyers and facilitating a smooth sale.
Sell My House

How Fast Can I Really Sell My House? A Timeline of Cash Sales

December 12, 2024
Selling a house can often be a daunting task, filled with numerous steps and potential delays. For those looking to expedite this process, cash home sales provide an appealing alternative. This method involves selling a property directly to a buyer who pays the full purchase price in cash, thereby sidestepping the traditional mortgage route and its associated complications. Cash sales are particularly attractive due to their speed and simplicity, offering a streamlined path compared to conventional home sales that typically involve intricate financing processes and extended closing timelines.
Moving After Selling Your Home

Moving After Selling Your Home: Interstate Tips for A Smooth Transition

December 5, 2024
Relocating to a new state is a journey filled with anticipation and challenges. A major hurdle in this process is selling your current home and orchestrating a seamless move. Opting for a cash sale can significantly simplify this task, offering several advantages, especially for those moving to or from cities in Washington like Seattle, Tacoma, Bellevue, Spokane, or Vancouver.
More Posts
Share by: