Selling Your Home Before Foreclosure In Utah

Selling your home before foreclosure – Is it possible to selling your home before foreclosure?

Yes, absolutely.

You can be in control of the process, and if you are looking to sell your house, you can achieve that. A pre-foreclosure sale can be an exit strategy to put an end to harassing calls and the troublesome financial situation.

Are you looking for a fair cash offer?

We’re ready to help. Fast Home Offer Utah is a premier housing buying firm.

We buy houses in & around Utah. Just fill out this form. We’ll let you know how much your home is worth and whether we can help you.

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

Or give us a call at 801-648-7942 to chat with us over the phone

Sell Your House Utah

Stopping Property Foreclosure

As per the federal law, you get four months to bring your loan current. The lender cannot initiate the foreclosure process unless at least four months have passed since non-payment.

However, banks can continue to send you reminders after you miss the first loan installment. The process afterwards varies from bank to bank. Most foreclosures in Utah are non-judicial, which means court involvement is not needed. Timing is the identifying characteristic of non-judicial foreclosures.

Is it possible to sell my house before foreclosure UT ? Yes We Can help you – Ogden, Sandy, Provo, Bountiful, West Jordan, Roy, Salt lake City ..etc ..etc

Non-judicial foreclosures tend to happen quickly. The bank can act soon after the first four months are over. They can serve you the required notices, and after 120 days, you may receive the notice of sale, which indicates that the bank is going to foreclose the house.

If you cannot bring your mortgage current, and the house is unaffordable, then selling your home before foreclosure can be the right decision.

Selling Your Home Before Foreclosure In Utah

Selling Your Home Before Foreclosure

It can be devastating to go through this experience. When you are bombarded with harassing phone calls and letters, it can be challenging to think straight. You need someone who can help you make sense of the situation and also advise on the best strategy.

Connect with a reputable real estate solutions company for a free consultation. The company will guide you in the right direction. For example, even in the pre-foreclosure phase, you might be able to reinstate your mortgage. You might be eligible for a secondary loan. It might be possible to get some time. At other times, you can win the situation by selling your house. You can save your credit history and deal with the circumstances. You can arrange a private sale of your home, pay your debts, and move on with your life.

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

Or give us a call at 801-648-7942 to chat with us over the phone

Sell Your House Utah

Lenders Prefer Sale Over Foreclosure

Foreclosure is almost always an expensive option for the bank. Lenders earn money when you keep paying your mortgage installments. They stop seeing the profit when you stop sending the payments.

A certain number of foreclosures can restrict a bank’s lending criteria, and it costs a great deal of time & money to auction a house. For this reason, banks are interested in negotiating a short sale. Because of the same reason, banks are willing to give you a mortgage modification program.

A short sale is an available option if you have negative equity in the house. Your home must be underwater before you can be eligible for a short sale. If you successfully negotiate a short sale, the lender will:

  • Forgive a portion of your debt
  • Not pursue a deficiency judgment after the sale

If you have equity in the house, but you are in the pre-foreclosure phase and couldn’t negotiate terms with the bank, then selling your home can be the best choice. At the least, a pre-foreclosure sale will save your credit history.

Since Utah is a non-judicial foreclosure state, you have time until the foreclosure auction. If you work with a real estate solutions company, you can have your home sold in just 5 days. On the 5th day, you’ll have the cash. Your credit score won’t drop, and you can start a new financial life without feeling the burden of a foreclosure.

Let us know if you need help with a pre-foreclosure sale or if you would like to save your home from foreclosure.

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.

We’re Utah Home Buyers Get Started Now...

There are No commissions or fees and no obligation whatsoever. Get help when moving . Sell within 5 days.. Start below by giving us a bit of information about your property or call 801-648-7942...
  • 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 *

Call Us!

Digital Marketing By Amit-SEO