Is It Really Possible To Sell A Home While In Pre-Foreclosure or Foreclosure?

Are you facing a home foreclosure in Fort Myers FL right now? A lot of us have been there, we all face hard times in life.  The best thing you can do is to take an active role if you find yourself in this situation.  Waiting and hoping something miraculously changes is never a good strategy.  I advise clients that are no longer in a position to bring the payments current and keep up with all the future payments and maintenance to consider selling the home.  It’s hard, I get that, but if you don’t change something, you may not have the choice, it will be made for you.  You do have several options if you want to sell your Florida home fast, and we specialize in buying Florida homes for cash.  NextBridge Home Solutions is very familiar with how to buy homes quickly, even when they need a lot of work.

Many people going through the FL foreclosure process want to get out from under that troublesome house and they ask us “if they can sell the house in foreclosure?”. The short answer: yes. The long answer: it can be complicated, and it will take some work, but it is possible!  The key is – you have options to sell your home fast and the sooner you start, the better off you’ll be when selling your Florida home.

Can I Sell My House in Foreclosure in Fort Myers? – How does it work?

A lot of people in Fort Myers have faced pre-foreclosure or foreclosure over the last few years. As our economy changes drastically in 2023, we’re facing inflation, corporate downsizing, and overall difficulty in paying everyday bills.  A lot of banks have changed the way that they deal with foreclosures in Florida.

The bank that owns your mortgage really doesn’t want to take it over or send it to a foreclosure auction.  They would then have to deal with the house, it’s repairs and reselling it.  The banks would prefer another option and stand 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 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

1. Over-communicate with the bank. Call with any updates and show them what you’re doing to get your property sold, if you cannot catch up late payments.
2. Don’t miss the bank’s deadlines. If any payments or due dates will be late, give them advanced notice and try to work with them.  If they know, they can be prepared with what to expect.
3. Remember that bankers are people too. Don’t be overly dramatic, but explaining your situation and demonstrating your willingness to fix the problems goes a long way.
4. Keep careful records of the conversations you have with the bank. It has to be in writing. Make sure to keep track of each person you speak with, what they said, and any promises made.
5. Explore all your options, including short sale, loan modifications, a cash sale, and the last option is a bankruptcy. Depending on the details of your personal situation, you may be able to dramatically slow down the foreclosure process with enough effort.
6. Don’t wait for something to miraculously happen. Unfortunately, time is not on your side. The further behind you become on payments, the fewer options are available to you.

If you’re looking to sell your Fort Myers house in foreclosure fast give us a call.  We specialize in helping homeowners in all types of situations including foreclosure around Fort Myers and the whole state of FL 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 a property near Fort Myers, we can help you

We buy Florida homes like yours from people who need to sell fast.  If you’re able to sell the house, the bank gets paid off, you may get some cash in your pocket and you won’t have a foreclosure, or worse, a bankruptcy on your record.  We buy homes fast and we always ensure this is a win-win situation.  We take on all the repairs, fees and closing costs.  All you need to do is review our cash offer and once you accept it, just take what you need and leave the rest.  We’ll do all the cleaning and repairs.  Call us today at (239) 244-2474.