We buy houses in Traverse City, Michigan where many people who go through the foreclosure process want to get out from under that burdensome property and wonder if they can sell the house in foreclosure to Traverse City MI home buyers. The short answer: yes. The long answer: it’s a little more complicated, but usually you can sell your house in Traverse City MI prior to foreclosure. Generally, the sooner you start, the better.
Can I Sell My House in Foreclosure in Traverse City?
There are a lot of folks in Traverse City MI 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 prevent home 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 of Your MI House
- Always over-communicate with the bank (but don’t be annoying). Call with updates and show them what you’re doing to get your property sold to homebuyers in Traverse City MI.
- 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 to make it right 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, and any promises made.
- 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. Unfortunately, time is not on your side. The further behind you become on payments, the fewer options are available to you.
We Offer Cash For Houses In Traverse City MI
We specialize in helping homeowners in situations including foreclosure around Traverse City MI and the whole state of Michigan 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 your house in Michigan, we can help you. We buy properties like yours from people who need to sell fast.