straight sale
Know your worth and your home worth!
Even in a bad housing market, put the house up for sale with a reputable realtor at a fair market price. Interview the realtor to be sure they have experience with foreclosures and short sales.
- Ask the lender to delay the foreclosure and for permission to complete a pre-sale.
- GET THE AGREEMENT IN WRITING.
- In a bad real estate market, do not assume that the house will sell quickly. In a hot real estate market, do not assume that the house will sell quickly.
- A pre-sale works, if the sale price is high enough to pay off the mortgage, any home equity loans, back taxes, selling expenses, and foreclosure fees. In a perfect world after all these loans, expenses, and fees and other costs are paid off, there would be funds left which would be paid to the homeowner.