How can i sell my home before foreclosure?
104172
Your agent may be reluctant because they have to disclose the short sale situation.  And if they can't get a sale done they don't earn a commission.\n\nThere is nothing wrong with giving your name to a referral website, but keep in mind that your name will then be sold to another agent, with a 20-35% referral fee paid at the closing of the transaction.  This is "common" practice, but it is good to be aware of it.\n\nYour current agent does not control whether a buyer comes through - Presumably you are already listed in a multiple listing service, so you are getting good exposure.  Price it right for its condition and location, and it will sell.  Hopefully your local market is strong enough to get it sold quickly.
393362
You could call a local realtor. They would probably know, if not they could direct you within your community.
1096993
Without doing any work yourself, you have at least three choices:\n\n1. contact a bank's loss mitigation person to see if they have any bank REOs (Real Estate Owned). These are properties that the bank foreclosed on and wasn't able to sell on the auction. Look over their list and do a drive by on the ones that seem interesting to you. Then submit an offer to the bank. They usually have an agent that they work with, so he/she can help you out.\n\n2. Contact the people that have ads that say "we buy houses". Ask them if they have any houses around 80k that they are willing to sell. Just verify the comps on the property.  \n\n3. Get an agent that doesn't mind low balling listed homes in the MLS. You might find a motivated buyer who will take your offer. \n\n\nRegards
984934
If you mean that you want to get out of your current house and get a new one, you make an offer on the new one, "contingent" on selling your current house. You list your current house Now while you're looking. \n\nYou would set your current house to close the same day or a day or two earlier, so that you get the funds prior to the new house. \n\nIt DOES make your offer look 'weaker' to the seller becuase they have to depend on your house selling.
1154417
In Texas you can go by the courthouses and get a listing for people who will be coming up at the next foreclosure auction should they not find a solution to their problem beforehand.  Just go by the County Clerk's office and be prepared to pay for copies.\n\nI am sure there is something similar in other states as well.  the best place to find out is the department that handles real estate law for the state.  They will be able to tell you how it is handled.   Also most realtors know the basics of it too.
524660
I do this for a living.  I've always made the most money on pre-foreclosures and the answer why should be obvious:  no competition.  When you're the only one, you're getting it at the minimum price.  When it goes to auction, and they're significant equity, it gets bid up.  HUDs are ok for small to medium returns.
448776
Do you want to keep your home?  If not, sell the house.  The last thing a lender wants is to take someone's home.  They want to get paid.  Contact a Realtor (GET A SHARP ONE BECAUSE TIME IS YOUR ENEMY RIGHT NOW!) to list/market your home.  Once you go to court, the lender will have representation there.  You tell the judge that you are in the process of selling the home.  Take the listing agreement or hopefully you can have a signed "offer to purchase" that you can show the judge of your good faith.  I've dealt with cases like these alot.  I have actually left the closing and gone across the street to the courthouse on my seller's behalf to advise the judge that "we are closing as we speak".  The key is to go to court.....don't run from it.\n\nGood Luck!
608970
I would love to tell you that everything will be alright. But you are in a very tuff situation. It sounds like the pinnacle of either some hard times or poor choices are catching up to you. The first thing is look to a mortgage loan BROKER, not a bank.. A broker is going to work with a greater number of banks and lenders that will be able to offer you a mortgage if there is one available to you. There are loans out there up to 125% of your homes value that can be utilized in a refinance. However loans that high are often offered only to good credit high FICO score borrowers. IF you have not had a lot of lates since the Bankruptcy you might be in luck, however if you have had lates since.. you are really not in a good position to refinance. Antoher option is somehting called a "Short Sale" this is an option that you may know about from all the mailers you are getting from real estate agents and or investors that saw your home listed in forclosure... It is where you find a seller to your home, and the offer is presented to the lender (your real estate agent can do this) and the lender agrees to "forgive" the loan to whatever amount and sell the home for less than you currently owe.\n\nLet me tell you as someone in finance and mortgages this is one of the best options to you. Whatever the situation and however you got there, you want to walk away in the best situation you can. You bought a home once, and can again but don't let it go all the way to forclosure waiting for something magical to happen because it usually does not.. Sel it using a short sale and walk away from it without a forclosure.. It does not sound like you have any equity to lose and if you walk away without a forclosure on your credit and without the debt of mortgage balance on a home you longer own you will be in a better spot.\nOnce that is done you and your husband can focus on getting back on your feet. Best of luck to you!
414901
First what do you mean by foreclosure home. \n\n1. If the house is currently in foreclosure and has not been sold by the sheriff or trustee. Then you will need to buy the home directly from the debtor. They own the property till the sale date and/or redemption period. If debtor is not willing to sell their home you will need to bid on the house at the foreclosure sale. You will need to contact the law office that is handling the foreclosure for their sale terms and if money is due by the end of the day. Please understand the foreclosing law firm can only give out very limited info due to the fair debt act\n\n2. The foreclosure sale was completed and reverted back to the bank and the redemption perior expired (if there was one) The bank owns the property at this point. You will either need to contact their REO(Real Estate Owned) department and tell them you are interested in purchasing the home. Or wait till the bank has listed the property with a local realtor. \n\nMost of the homes sold by the bank are sold as is and it is wise to have the property inspected by a professional. \nIf you are financing the home some lenders may want to see the inspection report or have other requirements since it is a foreclosure home before they do the final approval. \n\nIf you are purchasing the home from the debtor prior to the sale, Time can be of the essence and the closing will need to be completed prior to the sale unless other agreements have been made by the Mortgage company foreclosuing on the home.\n\nthis is the basics however I'm sure there are some who have tricks on dealing with the banks.
1033851
Chapter 13 is no picnic either. They will garnish your wages and leave you pratically nothing to live on. Do you have a relative or friend that can buy the house from you for awhile until you can get back on your feet? Or perhaps even selling it outright would be better than losing it. How much equity do you have in the home? Mortgage lenders will refinance up to 65% of the home's value to bail you out of foreclosure. If that isn't enough, perhaps you have access to a retirement fund (401k, IRA, etc) and you can bring some out of pocket.
827965
Call your lender. You may be able to make arrangements to do a "Deed in Lieu of Foreclosure". It's not done often, but given your circumstances, it may work for you. Also, talk to a real estate agent. There is a chance that you can sell this property for at least the amount that you owe on it, if not more. I'd actually suggest this over the other since you have a chance of actually getting back some of your investment. I really hope this works out for you. Good luck!
1072256
The answer is yes you can BUT the reality is that it is hard to find a lender that will refinance your loan knowing that at any minute your home could be sold and they will waiste their time and money. Most lenders will ask you to take the home off the market before you can refinance.\n\nGood luck!
791634
She can't sell the house unless she owns it, the bank may be willing to work with you if they know what happened. Good Luck!
572120
It is silly to let a house go into foreclosure unless you've exhausted your other options.\n\nIf the house is worth at least the amount of the loan, you should put it up for sale immediately.
74664
Check out this site:\nhttp://www.foreclosure.com/
707930
I would wait just a bit more.  Donot, I repeat, DONOT BUY FROM SELLERS.  If you watch the papers, you can make some really good deals in foreclosure sales.
1020908
You can "sell" the house but the deed or title wouldn't be clear until the 3rd lien is satisfied. The buyer might agree to some arrangement if he's paying cash but I doubt that his mortgage lender would agree to starting the loan in second position.\n\nIt can be worked out with some fancy-footwork with your third lien holder.