If you wanter can I sell my house in foreclosure in McAllen, TX you are not alone. Do you have a McAllen TX house that’s in foreclosure right now? Many people going through the TX foreclosure process wonder if they can sell the house in foreclosure to avoid damaging their credit. The short answer: yes. The long answer: it’s a little more complicated, but usually you can sell your property prior to foreclosure. The sooner you act, the better.
Can I Sell My House in Foreclosure in McAllen? – How it works
Working around the Valley we have seen many people in McAllen 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 keep communication channels open 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 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, or promised.
- 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.
- Don’t wait. Don’t ignore the letters that pile in your mailbox. The problem won’t go away by magic. You need to act fast. The further behind you become on payments, the fewer options are available to you.
If you’re looking to sell your McAllen house in foreclosure fast, call us now.
At Dolfin RGV we specialize in helping homeowners in situations including foreclosure around McAllen and the whole state of TX 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 McAllen, we can help you.
We buy properties like yours from people who need to sell fast.