Can I Sell My Stockton House While it’s in Foreclosure?

Yes, you can sell your Stockton home during foreclosure, and it may help you avoid severe damage to your credit score.

When your home is in foreclosure, you still maintain the right to sell it until the foreclosure sale is complete. This is often called a pre-foreclosure sale.

Here’s what you need to know:

  • Time is critical – once foreclosure proceedings begin, you typically have 3-4 months before the foreclosure sale
  • All proceeds must first go toward paying off your mortgage and any other liens
  • You’ll need your lender’s approval for a short sale if your home’s value is less than what you owe
  • Cash buyers can often close quickly, helping you avoid the foreclosure auction

My name is Peter Westbrook. I am a local real estate investor born and raised right here in the Central Valley. I understand the stress of foreclosure and can help you explore your options.

Here at Westbrook REI, we buy homes in any condition and can close in as little as 7 days, potentially helping you avoid foreclosure altogether. Our process is straightforward, with no realtor fees or commissions, and we handle all the paperwork.

Want to learn more about selling your Stockton home before foreclosure? Call us today at (209) 481-7780 for a free, no-obligation cash offer.

Sell Your Stockton House While it’s In Foreclosure – How it works

There are a lot of people in Stockton who have faced foreclosure in the past few years. Since the changes in the economy, a lot of banks have been shifting the way that they deal with foreclosures.
Remember, the bank that carries your mortgage doesn’t want to see your home abandoned or auctioned. The bank stands to make the most amount of money by helping you to avoid foreclosure by selling your property. However, dealing with banks during any part of the foreclosure process can be a huge pain. Over many years of working with banks to help stop the foreclosure process, we’ve learned a few tricks that will help you.

Working With Banks During The Foreclosure Process

  1. Always over-communicate with the bank (but don’t be annoying). Call with updates and show them what you’re doing to get your property sold.
  2. Don’t miss deadlines. If anything will be late, call with advance notice.
  3. Remember that bankers are people too. Don’t be overly dramatic, but explaining your situation and demonstrating your willingness to fix the problems to make it right goes a long way.
  4. Start keeping careful records of every conversation you have with the bank. Nothing counts unless it is in writing. Make sure to keep track of each person you speak with, what they said, and any promises made.
  5. Explore all your options, including short sale, loan modifications, and bankruptcy. Depending on the details of your personal situation, you may be able to dramatically slow down the foreclosure process with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.
  6. Don’t wait. Unfortunately, time is not on your side. The further behind you become on payments, the less options are available to you.

If you’re looking to sell your Stockton house in foreclosure fast, call us now.

We specialize in helping homeowners in situations including foreclosure around Stockton and the whole state of CA get out of difficult situations and avoid foreclosure. In certain circumstances we can negotiate directly with the bank to reduce the amount you owe and (sometimes) even help you walk away from your property with cash.

If you need to sell a property near Stockton, we can help you.

At “Westbrook REI” and “I Buy Houses Stockton“, we are the best at what we do because we work at it every day. We understand that a commitment to customer and a commitment to our business only happens with hard work. We have years of experience and a plan that we follow. We are a real company with real people that are committed to helping you achieve your goals.

We buy houses in Stockton, CA and its surrounding areas in Lodi, Woodbridge, Acampo, Lockeford, Linden, Ripon, Manteca, Modesto, Ceres, Tracy and Sacramento CA. If you need to sell your house fast in [market], call us… we’d love to make you a fair no-obligation no-hassle offer. Take it or leave it. You’ve got nothing to lose, but we’d love to earn your business. 🙂

Give us a call at (209) 481-7780 anytime
or fill out the form over here today! >>

Peter Westbrook

Peter Westbrook is a local Cash Home Buyer / Real Estate Investor in Stockton, Sacramento and Modesto CA and Tulsa Oklahoma. He has written numerous real estate articles that have been published here and by other blog and news outlets. Peter has appeared on several local and national news reports regarding the state of the Stockton and Sacramento Real Estate Markets.

Learn more about selling your house for cash:

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