If you have a Virginia Beach VA house that’s in foreclosure, you might be wondering if it’s possible to sell the house before the foreclosure is completed. Sometimes investors buy Virginia Beach foreclosures to rent, but sometimes homeowners want to sell Virginia Beach houses in foreclosure themselves. The Virginia Beach foreclosure process can take several months, so this might be your best option.
Can I Sell My House in Foreclosure in Virginia Beach? – How it works
There are a lot of folks in Virginia Beach 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
- 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.
- Don’t miss deadlines. If anything will be late, call with advance notice.
- 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.
- 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.
- Even though many Americans are struggling to make their mortgage payments these days, the thought of having your home foreclosed on can be even more frightening. If you know what steps to take, however, there are ways to work with the lender during the foreclosure process. Here are some tips for what to do if you are facing foreclosure.
- Don’t wait. Unfortunately, time is not on your side. The further behind you become on payments, the fewer options are available to you. If you are two or three months behind it will be far easier for us to get you current while minimizing damage than if six months have passed with no payment made.
If you’re looking to sell your Virginia Beach house in foreclosure fast, call us now.
We specialize in helping homeowners in situations including foreclosure around Virginia Beach and the whole state of VA 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 Virginia Beach, we can help you.
We buy properties like yours from people who need to sell fast.