No homeowner wants to think about foreclosure. But can you sell your Texas house if it is in foreclosure, or if you are facing a default on your home loan?
The foreclosure process in Texas is long and heartbreaking for any family. And it can happen to anyone, whether it’s because of job / income loss, serious illness / medical bills, divorce, family tragedy, or any other unexpected personal financial crisis.
Foreclosure can cause a great deal of stress and anxiety for the homeowner. Fortunately, if you are facing foreclosure, you can still sell your house and ease the painful impact foreclosure will have on your family.
Can I Sell My Texas House After Foreclosure Begins?
Once you’ve received a notice of foreclosure from your mortgage holder, you might think it’s too late to do anything about it.
However, the foreclosure process is typically not complete until the bank sells the house at auction, or takes legal possession of it.
Until then, you can still sell your house and end foreclosure proceedings by paying off the mortgage servicer. But you may need to act quickly, especially if the foreclosure sale is scheduled to happen in the next few weeks.
At this point, selling your house in the traditional way may not work. In the time it takes to hire an agent, get the house appraised and ready for showing, list the house, show the house to buyers, accept an offer, and close, it might be too late.
We Buy Houses in Foreclosure
That’s where Local Cash Buyers comes in. We buy houses at every step, from preforeclosure to just before the foreclosure sale.
Our fast process can help you avoid foreclosure, even if you have just weeks left to settle with the lender. We can even take over your mortgage payments and get up-to-date, through our Subject-To program.
Here’s how our fast, easy process works:
- You contact us for a free, no-obligation consultation.
- We arrange to visit your property in person at a time that works for you.
- Within 24 hours of our visit, we make you a fair, cash offer in writing.
- Once you accept our offer, we work with a title company to close in as little as 7 days.
Our process is faster because there are no middlemen: no agents, no brokers, no appraisers, and no financing on our end. We pay cash, so you get the full amount immediately at closing.
Selling your house fast to avoid foreclosure can make a huge difference. It can prevent a foreclosure from badly damaging your credit score, and allow you to get on with your life and start fresh.