Does Foreclosure Effect Selling My Miami House?

Going through the foreclosure process in Florida can be a challenge for many people. You may find yourself wondering if you’ll ever sell your house during foreclosure. 

The short answer: yes. The long answer requires a little more explanation. Generally, the sooner you start the better. If you act fast, you can successfully sell your property before foreclosure.

Find Out How To Sell Your House During Foreclosure.

Dealing with the bank after receiving a foreclosure notice of default letter can be tiresome. Since the economy has changed, most banks have altered how they handle foreclosures. However, over the many years of working with banks to help our customers avoid foreclosure in Florida, we’ve learned some helpful tricks and tips.

Remember, you’re not alone. A lot of residents in Miami have faced this problem over the past few years. Plus, auctioning off your home is not necessarily in the bank’s best interest. Your mortgage provider will benefit by selling your property and helping you avoid foreclosure.

Working With Banks During The Foreclosure Process
  1. Stay in constant communication with the bank. Call with updates and actively show them that you’re trying to get your property sold. Don’t overdo it. You’re trying to show them that you’re dedicated without irritating the person who’s handling your case.
  2. Keep to your deadlines. If you’re falling behind and know you won’t make a specific date, let your bank know in advance.
  3. Remember that bankers are people, not robots. Don’t be rude or overly dramatic. Explain your situation and demonstrate your willingness to fix the problem clearly and calmly. Politeness and understanding will go a long way.
  4. Keep records of every conversation that you have with the bank. If it’s not in writing, it’s your word against theirs. Pay attention to each person you speak with, what they said, and any promises made.
  5. Explore all your options, including short sale, loan modifications, and bankruptcy. Each lender will have different policies to help borrowers avoid foreclosure. Depending on your situation, you may be able to delay or at least dramatically slow down the foreclosure process.
  6. Get started now. Unfortunately, time is not on your side. If you let yourself fall further and further behind on your mortgage payments, the situation will only worsen and leave you with fewer available options.

If you’re panicking thinking, “I want to sell my Miami house in foreclosure fast, call us now on (305) 916-3328.

We support homeowners during this difficult time and can help you avoid foreclosure. We specifically handle properties facing foreclosure around the Miami area and the whole state of Florida. Depending on the circumstance, we can negotiate directly with the bank on your behalf and find a solution that reduces the amount you owe. Sometimes we can even help you walk away from your property cash in hand or help you get your foreclosed home back.

If you need to sell a property near Miami, we can help you. Check out our website >>> We Buy Houses Miami!

We buy houses like yours from people who need to sell fast. Call our office at (305) 916-3328. A member of our team would love to speak with you.
Or, click here to fill out our short form. We’ll get back to you as soon as possible with a fast, fair ALL-CASH offer on your home.

Additional Foreclosure Resources:

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David Veras

David Veras was born in Hialeah, Florida and has been involved in Real Estate since February 2019.

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