Certainly! In Texas, it is indeed possible to sell a house that is undergoing foreclosure.
This is known as a pre-foreclosure sale.
It is a way to avoid the foreclosure process and sell your home on your own terms.
**Please be aware that we, Cash House Buyers USA, are not attorneys. **
** This is for informational purposes only and is not to be considered legal advice.**
To Sell A House In Foreclosure Texas, You Will Need To:
- Contact your lender. Let them know that you are considering a pre-foreclosure sale. They may be able to work with you to help you avoid foreclosure. They may be able to postpone your foreclosure sale date to allow you enough time to sell.
- Get an appraisal. This will help you determine the fair market value of your home. Contact a reputable home-buying company. Cash House Buyers USA is familiar with the intricate process and will make you a fair offer on your home.
- Price your home to sell. You will need to price your home below market value in order to attract buyers.
- Market your home. You can list your home with a real estate agent or sell it yourself.
- Negotiate with buyers. Be prepared to negotiate on the price and terms of the sale. Select a knowledgeable buyer. Who can perform quickly so you do not risk losing your home or equity in the foreclosure.
Here are some additional tips for selling a house in foreclosure in Texas:
- Be honest with buyers about the foreclosure process.
- Be prepared to act quickly. Pre-foreclosure sales often move quickly.
- Be sure to select a reputable home-buying company that will help you navigate the sale correctly. Experience is crucial here so that you don’t risk getting foreclosed on.
- Be flexible with your terms. Buyers may be hesitant to buy a home in foreclosure, so be willing to negotiate on the price, terms, and closing date.
If you are unable to sell your home in pre-foreclosure, your lender will foreclose on your home. This means that the lender will sell your home at a foreclosure auction to recoup their losses.
It is important to note that selling a house in foreclosure can have negative consequences for your credit score and financial future.
It is important to talk to a housing counselor or financial advisor before making a decision.
How Quick Can You Sell Your Texas House In Foreclosure?
The other alternative which I am sure you will have realised by now, is that you can sell to a company like ourselves.
As cash house buyers, we could buy your house and get you out of foreclosure within a week if needed.
Please give us a call or fill in the form below and get in touch.
We deal with stuff like this all the time, so we are in a good position to give you our thoughts and advice.
There is never any obligation to have a chat!
More References & Info:
Pre – Foreclosure Sale as explained by Experian
CHB-USA – Foreclosure Avoidance
Can You Sell A House During A Divorce
Do squatters have rights in Texas?
Other Questions We Get Asked