The Best Time To Sell Your Foreclosure Property!

Facing foreclosure is the horror that most homeowners are scared to have. This occurs when a person gets behind on a mortgage, who might have missed out on some deadlines, therefore the lender decides to take possession of the property. 

The worst thing a homeowner who is facing a foreclosure can do is to ignore all the approaches and warnings of the lender – to which, in this circumstance, might look like the villain. Be wary of the fact that lenders will only take the option of foreclosure as their last resort.

Another mistake is to perceive foreclosure as a dead end. Just because your lender decided to foreclose your property doesn’t mean that you are out of options. There are lawyers who can give you more options which you can take to delay, or even sell your home at a short sale.

On our past blog we talked about how to avoid foreclosure and one of it is to sell your home and buy again. The question is when is the best time to sell your home? 

On the process of foreclosure discussed in the article published by Morgan Lawyers, foreclosure property will give the lender the right to auction your house. Once the property deed is prepared and recorded, you’ll have to move out, as the new owner can demand a dispossessory process that can happen really quick. This will not give you enough time to prepare or find new place to move in. Therefore, the best time to sell your property is before the lender stepped in and put your property into auction. It will prevent you from putting yourself in a tight situation. You can sell your home as is to home buyers that paid cash with fast transactions. You can pay your debt and give you enough time to buy a new house again.  

If you are looking for trusted individuals that can buy your foreclosure property, less hassle from your end and fast transaction, MetroATL Home Solutions can help you sell your property, we buy houses as is, no commissions, no repairs. Contact us today for a fair all-cash offer within 24hrs!

They say, prevention is always better than cure, if you want to know more about foreclosure and how to avoid it, you can check our last blog: 

What Is Foreclosure And How To Avoid It?

Reference: https://morganlawyers.com/faq/how-does-the-foreclosure-process-work-in-georgia/


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