Do you have a Santa Barbara California house that’s in foreclosure right now? Many people going through the California foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: itโs a little more complicated, but usually you can sell yourย property prior to foreclosure. Generally, the sooner you start, the better.
Can I Sell My House in Foreclosure in Santa Barbara? – How it works
There are a lot of folks in Santa Barbara who have faced foreclosure in the past few years. Since the changes in the economy, a lot of banks have been shifting the way thatย they deal with foreclosures.
Remember, the bank that carries your mortgage doesnโtย want to see your home abandoned or auctioned. The bank stands to make the most amount of money by helping you to avoidย 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’veย learned a few tricks that will help you.
Working With Banks During The Foreclosure Process
- Always over-communicate with the bank (but donโt be annoying). Call withย updates and show them what youโre doing to get your property sold.
- Donโt miss deadlines. If anything will be late, call with advance notice.
- Remember that bankers are people too. Donโt be overly dramatic, butย 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.ย Nothing counts unless it is in writing. Make sure to keep track of each personย you speak with, what they said, and any promises made.
- Explore all your options, including short sale, loan modifications, andย bankruptcy. Depending on the details of your personal situation, you may beย able to dramatically slow down the foreclosure process with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.
- Donโt wait. Unfortunately, time is not on your side. The further behind youย become on payments, the fewer options are available to you.
If youโre looking to sell your Santa Barbara house in foreclosureย fast, call us now.
We specialize in helpingย homeowners in situations including foreclosureย around Santa Barbara and the whole state of California get out of difficult situations and avoidย foreclosure. In certain circumstances, we can negotiate directly with the bank to reduce theย amount you owe and (sometimes) even help you walk away from your property with cash.
If you need to sell a property near Santa Barbara, we can help you.
We buy properties like yours from people who need to sell fast.