Sell Your House In Foreclosure For Cash In California
No one who buys a home intends to miss any mortgage payments. But unexpected life circumstances like loss of a job, death or divorce can quickly stymie the best of intentions.
When a lender notifies you that your mortgage is in default and it's going to foreclose, you may still be able to negotiate a deal to keep your house. If that's not possible, you can let the foreclosure proceed, declare bankruptcy or attempt a short sale.
With a short sale, you sell your home and the bank takes the money. This won't hurt your credit as badly as foreclosure or bankruptcy.
Get Permission From Your Lender and Contact Us
Call your lender to obtain permission for a short sale. Find someone who can actually make a definite decision. Explain why you've fallen behind with your payments, the lender probably won't agree to a short sale if you're not in default. Show that it's not because you're irresponsible or hid financial information from them.
We Present the Bid to Your Lender
We present the bid to your lender and ask for approval. If the lender forecloses and the property is auctioned off, the top bidder will take ownership no matter how low the bid is, so a good short sale offer may present an attractive alternative for the lender. Be prepared to present more details of your financial situation, showing that if the sale doesn't go through, there's no way you can pay off the mortgage yourself.
This is our process to help YOU obtain your GOAL
Tell Us About Your House
Contact us and tell us about the property. With that info we will promptly review it and get you an offer within 24 hours.
We give you a fair offer
In 24 hours or less you will have our offer with no obligation on your part. You have the option to accept or decline.
You control the entire transaction, you decide when its time to finalize the sale. Just relax and receive your check, we do all the work.
Avoid a Deficiency Judgment
Talk with your lender about a deficiency judgment. In some states, the lender can take legal action against you for whatever money is left on the mortgage if the short sale doesn't cover the whole balance. If the lender agrees not to pursue a judgment, you're much better off but even if it refuses, the money you owe may still be less than if the lender had foreclosed.
Proceed With Caution
Research all alternatives before you turn to a short sale. The government's Making Home Affordable program offers ways for homeowners in default to modify their mortgages so that they can resume payments. The financial details you disclose to your lender could be used against you. The lender may argue in foreclosure hearings that you should pay them some of the assets you've disclosed.
You can call or text us any time! (661) 343-9479
Cities Where We Buy Real Estate:
- California City
- Frazier Park
- Lake Isabella
- Lost Hills
- Mc Farland
- Pine Mountain Club
Other Counties Where We Buy Real Estate:
- Orange County
- Los Angeles County
- Riverside County
- San Bernandino County
- San Diego County
- San Luis Obispo County