Do you have a Savannah GA house that’s in foreclosure right now? Most people going through the foreclosure process in GA want to escape their burdensome house and wonder if they can sell the house in foreclosure. There is an easy answer: yes. It’s a little complicated, but you can usually sell your property before it goes into foreclosure. It’s best to get started as soon as possible.
Can I Sell My House in Foreclosure in Savannah? – How does it work?
In Savannah, many people have experienced foreclosure in the past few years. As the economy has changed, many banks have shifted the way they deal with foreclosures.
Do not forget that the bank that holds your mortgage does not want your home abandoned or auctioned. Banks have a vested interest in helping you to avoid foreclosure by selling your property. In the meantime, dealing with banks can be a real headache during any step of the foreclosure process. We’ve learned a few tricks from working with banks to stop foreclosures over the years.
The Foreclosure Process and Working With Banks
- Make sure you communicate with the bank frequently (but not too much). Inform them of your progress and what you’re doing to sell your property.
- Stay on top of deadlines. Give advance notice if anything will be late.
- Do not forget that bankers are people too. Explain your situation honestly and demonstrate that you’re willing to correct the problems to make it right.
- Keep detailed records of every contact you have with the bank. If it is not in writing, it
- doesn’t count. Take note of who you speak with, what they say, and any promises they make.
- Take a look at all your options, such as short sale, loan modifications, and bankruptcy. Depending on your personal circumstances, you may be able to significantly slow down the foreclosure process with enough effort. Banks each have their own policies regarding foreclosure prevention.
- Please don’t wait. Time is unfortunately not on your side. If you fall further behind on your payments, you will have fewer options.
If you’re looking to sell your Savannah house in foreclosure fast, call us now.
Our team specializes in assisting homeowners in difficult situations such as foreclosure in Savannah and throughout the entire state of GA. Depending on your 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 Savannah, we can help you.
We buy properties like yours from people who need to sell fast.