My house is going into forclosure and I would like to just sell it before it actually does, but I don't know what I can do to sell it fast. I am moving out next month, Febuary and I need to sell it by then. I know there are companys that will buy your house from you and I tried one of them here in Missouri, but they turned me down without even looking at the house. I could just sell it by owner, but I don't know how. I just really need help. Any suggestions would do great! I live in Blue Springs Missouri.
2007-01-29 07:51:22 · 5 answers · asked by Ash 1 in Business & Finance ➔ Renting & Real Estate
There are home refurbishers who will buy your home, but you will not likely receive a fair market value for it. These companies take advantage of the seller's hurried time frame or unwillingness to improve the home before selling.
If you're moving just to avoid foreclosure, refinancing isn't an option, and you have significant equity in the home, a reverse mortgage may be an option.
2007-01-29 08:01:19 · answer #1 · answered by Rob D 5 · 0⤊ 0⤋
First thing you will need to do is contact a short sale specialist or real estate investor in your area. I would suggest you contact 2 or 3. They should have experience working with lenders to stop foreclosures for people who are delinquent. These guys have the most expertise in working with homeowners in your situation. Not only will this help you to sell your home, but it will buy you more time in your home. Make sure when you meet with any of the experts in your area that you find one that doesn't charge you. We work with people delinquent on their mortgage and that are in foreclosure all the time. We never charge because there's a chance that we will be able to buy the home or sell it for you for a commission that will be paid by the bank.
2014-05-20 10:29:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Price it cheap enough to pay off the mortgage, if you can't sell it at that price, you are out of luck. The cheaper the house the easier it will be to sell but if you can't clear enough from the sale, the bank will still ask you to pay the difference. If they foreclose and don't get enough money to pay off the mortgage, they can still come after you. Waiting until the last moment, is never a good strategy with the bank. But you could call them, and ask them what they would advise, they aren't too happy to have foreclosures since they don't make much money on them. Outside of that, you may be majorly out of luck.
2007-01-29 08:03:36 · answer #3 · answered by justa 7 · 0⤊ 0⤋
stable success advertising into this marketplace: suited wager is to drop the fee as low as you may bypass or seem to short sale some numbers that the place released at present: abode stay on the marketplace an basic of 9 to ten months, it is the backside housing expenses in 17 years, it is the main residences on the marketplace at one time in 28 years
2016-12-16 16:25:11 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Ask a lower price than what similar homes are selling for in your area.
2007-01-29 07:59:27 · answer #5 · answered by Anonymous · 0⤊ 0⤋