Selling a House in Foreclosure in Euclid?

Because we will buy your house fast and for cash.

1. A speedy sale is to your advantage. It saves you late fees and accumulated interest on the unpaid loan payments.
2. A cash deal, contrary to a mortgage-financed one, is not only faster but also more reliable. It won’t fall through because a mortgage lender refused to issue a loan (and that is after inspections and appraisals that take much time).

You also won’t have the headache of having to delay the deal with the paperwork and a court proceeding that can take your house.

Our company can offer a number of benefits, including:

1. You sell quick
2. You sell for cash
3. You sell 'AS IS'
4. No extra expenses
5. No endless showings
6. No waiting months for a buyer

There are several ways to sell a house when it is in foreclosure.

The Hard Way

1. Find a real estate agent to list your house. Not all agents want to list foreclosure properties. Not all agents have the experience in guiding a sale to avoid a foreclosure.
2. Negotiate with your lender on the terms for the listing.
3. Market your property. This could take weeks, maybe months, to find a buyer.
4. Sign contracts and open escrow.
5. Wait for your buyers to qualify for a loan, and your house to appraise. If your house needs a number of repairs, your buyer may ask you to do those before closing. All this happens while your home loan continues to collect interest and late fees for unpaid mortgage payments.
6. At closing, the buyer and seller sign final documents.

The Easy Way

1. Give us a call for a free offer without any obligation.
2. We immediately make a visit to your property.
3. We make you a cash offer.
4. Should you accept, we both sign the paperwork and open escrow.
5. We work with your lender for a smooth and speedy sale in 3 to 30 days from the date you sign the sales contract!
6. We close the deal quickly, and you receive your cash to pay your lender.

You can often sell your house if it's in foreclosure, even if it’s already repossessed by the lender. If your house goes into foreclosure, give us a call for a free, no-obligation cash purchase.

We can guide you through the complex network of paperwork needed to sell during and even after the foreclosure process, if the lender agrees to it.

It’s too late to stop a foreclosure once your house has been sold at a court-ordered auction.

Selling your house is the best way to prevent a foreclosure, but once you receive a notification from your lender and you need to sell your house when you are in foreclosure, we can still help.

There’s no set calendar for your bank to notify you they plan to foreclose. When you’re 60 days late, the bank will send a notification to let you know you’re in danger of a foreclosure.

You have a month or two after that letter, at most, to arrange an agreement with your lender.

If you sell to us during that time, we’ll notify your lender that we have your property in escrow, and you’ll soon have the cash to resolve the late mortgage issue. You must have your lender’s approval for a sale during this time.

If you’ve gone beyond that notification without arranging for payment, your lender will file for a judicial foreclosure proceeding.

The court then has the final say in the sale of your home. We can also work with you during this time to buy your house!

If you can’t meet the court terms, the judge will order a publicly noticed sale. Your house is then on the auction block, and will be sold for whatever the auction bidders will pay.

Your bank typically bids to cover your mortgage amount, but there’s no guarantee that will happen, particularly if your home has extensive damage that needs repaired.

Once your house has been sold at auction, you’re no longer the legal owner. The bank will receive their cash, you’ll be charged for all the late fees, unpaid mortgage payments, and court and auction fees. Any money remaining will be turned over to you.

If your house sells below the amount of the mortgage due, you’re still on the hook for that debt!

You can avoid the fees and the headache of an auction sale by selling to us at any time before the gavel comes down at a public sale ordered by the court! Let’s talk about a no-obligation cash offer. Call us!