Do you own a home in Atlanta, Georgia, that is now under foreclosure? If so, please contact us. Many people who are going through the Georgia foreclosure process want to get out from under that burdensome house and question if they will be able to sell the house while it is in the foreclosure process. Answer in a nutshell: yes. This is the long answer: selling your property prior to foreclosure is a little more complicated, but in most cases it is possible. Generally speaking, the earlier you begin, the better.
It is possible to sell your house in foreclosure in Atlanta. Here’s how it works.
In Atlanta, there are a large number of people who have been forced to file for bankruptcy in the last few years. A large number of banks have changed their approaches to foreclosures as a result of the recent changes in the economy.
Keep in mind that the bank that holds your mortgage does not want to see your home abandoned or sold at an auction. By assisting you in avoiding foreclosure and then selling your house, the bank stands to make the maximum money possible from the transaction. Dealing with banks during any stage of the foreclosure process, on the other hand, may be a major headache. We’ve learned a few tactics over the years working with banks to help them stop the foreclosure process, and we’d like to share them with you.
Collaborating With Banks Throughout the Foreclosure Process
- Always communicate with the bank in excess (but without becoming obnoxious). Provide updates and demonstrate what you’re doing to sell your property by calling and showing them.
- Make sure you don’t miss any deadlines. If anything is going to be late, please notify us in advance.
- Keep in mind that bankers are also human beings. Avoid being unduly dramatic, but clearly expressing your predicament and displaying your commitment to correct the faults will go a long way toward making things right.
- Begin maintaining meticulous records of every conversation you have with your bank’s customer service representative. Nothing is valid unless and until it is documented. Make a note of every person you speak with, what they say, and any commitments they make to ensure that nothing is forgotten.
- Examine all of your choices, including a short sale, loan modifications, and filing for personal bankruptcy. According on the specifics of your own case, you may be able to significantly slow the foreclosure process if you put out sufficient effort. Each bank has its own set of policies in place to assist borrowers in avoiding foreclosure.
- Don’t put it off any longer. Unfortunately, you do not have much time on your side. The longer you go behind on your payments, the fewer options you will have available to you.
If you’re wanting to sell your Atlanta foreclosure house quickly, give us a call right away.
We specialize in assisting homeowners in challenging situations, such as foreclosure, in the Atlanta area and throughout the entire state of Georgia to get out of problematic situations and prevent foreclosure. In rare circumstances, we can negotiate directly with the bank to minimize the amount you owe, and (in some cases) we can even assist you in walking away from your property with money in hand.
If you are looking to sell a property in the Atlanta area, we can assist you.
We buy properties like yours from folks who need to sell quickly and have a tight budget.