Can I Sell My House in Foreclosure in Philadelphia?

Get An Offer Today, Sell In Less Than 21 days...

  • This field is for validation purposes and should be left unchanged.

Sell My House in Foreclosure

Do you have a Philadelphia, Pennsylvania, house in foreclosure right now? Many people going through the Pennsylvania 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 is a little more complicated, but you can usually sell your property before foreclosure. Generally, the sooner you start, the better. Once the foreclosure process happens to you, it causes many problems. You get stuck with the history of foreclosure on your credit history. Your credit could even drop close to 100 points if you have a bank foreclosing on your home. It will be almost impossible to get financing for another home. {Can I Sell My House in Foreclosure in Philadelphia?}

Can I Sell My House in Foreclosure in Philadelphia? – How it works

There are a lot of folks in Philadelphia who have faced foreclosure in the past few years. Since the economic changes, many banks have been shifting how 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 avoid foreclosure by selling property. However, dealing with banks during any foreclosure process can be a huge pain. Over many years of working with banks to help stop the foreclosure process, we’ve learned some tricks to help you.

Working With Banks During The Foreclosure Process

  1. 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.
  2. Don’t miss deadlines. If anything is late, call with advance notice.
  3. 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.
  4. Start keeping careful records of every conversation you have with the bank. Nothing counts unless it is in writing. Please keep track of each person you speak with, what they said, and any promises made.
  5. Explore all your options, including short sales, loan modifications, and bankruptcy. Depending on the details of your situation, you may be able to dramatically slow down the foreclosure process with enough effort. Each bank has its policies to help borrowers avoid foreclosure.
  6. Don’t wait. Unfortunately, time is not on your side. The further behind you become on payments, the fewer options available.

Contact us now if you’re looking to sell your Philadelphia house in foreclosure fast.

We specialize in helping homeowners in situations including foreclosure around Philadelphia and the whole state of Pennsylvania escape tricky 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. {Thank you for reading our blog post about “Can I Sell My House in Foreclosure in Philadelphia?” be sure to read our other articles!}

If you need to sell a property near Philadelphia, we can help you.

We buy houses Philadelphia like yours from people who need to sell house fast. Buying Property 215 is accredited by the Better Business Bureau with an A+ rating and 5-star google reviews! 

Give us a call at [215-359-6090] anytime, or fill out the form over here today!

We Buy Houses in Any Condition | Selling a House As Is
We Buy Houses in Any Condition | Selling a House As Is in Pennsylvania
Buying Property 215

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

Get An Offer Today, Sell In Less Than 21 days...

  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *