Can I Sell My House in Foreclosure in Eugene?

Do you have a Eugene OR that is currently in pre foreclosure? For starters it is important to know that you aren’t alone, and folks often wonder if they are still allowed to sell their house if it’s in pre foreclosure. The short answer: yes. Sometimes there are more barriers to cross to finalize the sale, but the biggest factor that homeowners must consider is time. Waiting to have a direct buyer such as, Property Bridge meet with you to explore your options can make the process much more difficult as your auction date gets closer.

Can I Sell My House in Foreclosure in Eugene? – How it works

As we mentioned above, you are not alone if you are facing foreclosure and due to past issues in the housing market as well as better practices, many lenders have changed the way that they work with folks that find themselves in pre foreclosure.

Keep in mind that the bank does not want see any of their clients facing foreclosure because it may mean that a homeowner doesn’t know their options and may abandon their property completely or let the house go to auction. The bank stands to make the most amount of money by helping you to avoid foreclosure by selling your property. This does not mean however that working with your lender or bank will be easy or comfortable, but over the many years that we’ve been working with our neighbors in the community we’ve learned a few things about how to approach the bank.

Working With Banks During The Foreclosure Process

  1. Always over-communicate with the bank (but don’t be annoying). The importance of this piece of advice cannot be overstated! Call with updates and show them what you’re doing to get your property sold or how you are working to pay them back.
  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. They’ve heard it all, so being clear, upfront and direct while staying patient and listening will put you miles ahead of working with your lender.
  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 fewer options are available to you.

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

We specialize in helping homeowners in situations including foreclosure around Eugene and the whole state of OR 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 Eugene, we can help you.

We buy properties like yours from people who need to sell fast.

Give us a call at (541) 833-0304 anytime
or fill out the form over here today! >>

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