California Residents Avoid Losing Home Equity With This Foreclosure Selling Service

Jul 11, 2020

We Buy California Houses for Cash has launched a new service to help California homeowners in foreclosure avoid losing their home equity by selling their property. The company says time is crucial in this situation.

Are you facing foreclosure on your property? Are you concerned about losing your equity? Do you want to know how to slow the process or retain your equity? If you have answered ‘yes, this is the service for you!

We Buy California Houses for Cash has launched a new service to help you and other homeowners facing foreclosure. The specialist company says you may be at risk of losing your equity if your house is repossessed.

You can find out more at https://www.webuycaliforniahousesforcash.com/blog/can-i-sell-my-california-house-in-foreclosure

As you may be aware, the newly launched service is reflective of current market conditions and the fact the global economy is in flux. The experts behind the company suggest many people are going through the California foreclosure process and wonder if they can sell their house while it is in foreclosure.

It is complicated, but yes, you can sell your property while in foreclosure. The company advises you start the sale process as soon as possible as banks have been steadily changing the way they handle foreclosure owing to changes in the economy.

Banks generally make more money when they help you to avoid foreclosure by selling your property. However, it is widely acknowledged that dealing with banks during any part of the foreclosure process can be hard work, which is why the company offers you practical guidance.

Firstly, it suggests you should always over-communicate with your bank. Calling with updates can be useful, as can showing the bank what you are doing to get your property sold. However, the company warns against being annoying.

The second piece of advice is about sticking to deadlines – the company says it is crucial to communicate if any deadlines will be late or missed. Additionally, explaining a precarious situation to your bank or mortgage manager may help the situation.

In a potential foreclosure scenario, it is advisable to keep a record of every conversation you have with the bank in writing. Ideally, you should keep track of who you are speaking to, what they said, and if the person at the bank made you any promises.

If you are facing foreclosure, you are advised to thoroughly research all your options including a short sale, loan modifications, and bankruptcy. Depending on your situation, you may be able to significantly slow down the foreclosure process.

A company spokesperson said: “If you are facing the prospect of foreclosure and losing your home equity time is not on your side. Unfortunately, the further behind you become on payments, the fewer options you have. Contact us today to find out how we can help you.”

You can find out more via the website provided!

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