Do you have a Metro Detroit Michigan house that’s in foreclosure right now? Many people going through the Michigan foreclosure process want to get out from under that burdensome house and wonder if they can even sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually in Michigan you can sell your property during the redemption period. Generally, the sooner you start, the better.
Can I Sell My House in Foreclosure in Metro Detroit? – How it works
There are a lot of folks in Metro Detroit who have faced foreclosure in the years past. Since the changes in the economy, a lot of banks have been changing 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 wants to make the most amount of money by helping you to avoid foreclosure by selling your property. However, dealing with banks during any part of the foreclosure process can be a huge hustle. Over many years of working with banks to help stop the foreclosure process, we’ve learned a few tricks that will help you to get out from under the house.
Dealing With Banks During The Foreclosure Process
- 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.
- 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 showing your willingness to fix the issues to make it right, goes a long way.
- Start keeping careful records of every conversation you have with the bank. Ask to email or mail follow up conversations, 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. Always reference prior conversation and check for inconsistences in their responses.
- Explore all your options, including short sale, loan modifications, and bankruptcy. Depending on the details of your personal situation, you may be able to drastically 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 your mortgage payments, the fewer options are available to you.
If you’re looking to sell your Metro Detroit house in foreclosure fast, call us now.
We specialize in helping homeowners in situations including foreclosure around Metro Detroit and the whole state of Michigan get out of difficult situations and avoid foreclosure. In certain cases, we can negotiate directly with the bank to reduce the loan amount you owe and (sometimes) even help you walk away from your property with cash. In Michigan there is a 6 (six) month redemption period and you can still sell your house even if your house foreclosed.
Fast Home Offer Guys can you help redeem the property and help you get your house sold fast. They offer answers and creative problem-solving for homeowners who have found themselves in a tight spot such as facing a foreclosure. They will offer you their expertise while you figure out what your best path forward is, so you can make an intelligent decision on what’s best for you and your family.
If you need to sell a property near Metro Detroit, we can help you.
We buy properties like yours from people who need to sell fast in Metro Detroit.
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