The Trusted Home Buyer Logo602-456-4440

Can I Sell My Phoenix Home in Foreclosure?

a person smiling for the camera

Martin Boonzaayer

December 4, 2019

Can I Sell My Phoenix Home in Foreclosure?

foreclosure

Do you have a Phoenix AZ house that’s in foreclosure right now? Many people going through the AZ 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: it’s a little more complicated, but usually you can sell your property prior to foreclosure. Generally, the sooner you start, the better.

How Can I Sell My Phoenix Home in Foreclosure? – How it works

There are a lot of folks in Phoenix who have faced foreclosure in the past few years. Since the changes in the economy, a lot of banks have been shifting 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 stands 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. 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 will be 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. 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, and bankruptcy. Depending on the details of your personal situation, you may be able to dramatically slow down the foreclosure process with enough effort. Each bank has its own 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 less options are available to you.

If you’re looking to sell your Phoenix house in foreclosure fastcall us now.

We specialize in helping homeowners in situations including foreclosure around Phoenix and the whole state of AZ 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 Phoenix, we can help you.

We buy properties like yours from people who need to sell fast.

Give us a call at 866-488-9923 anytime
or fill out the form over here today! >>

Explore more

March 21, 2023
How to Avoid Buyers Remorse When Buying a Home in Arizona

Buying a home is a major decision, and it’s not uncommon to experience buyer’s remorse after making such a big investment. It’s easy to get caught up in the excitement of purchasing a new home, but it’s essential to take the time to carefully consider your options before signing on the dotted line. This article […]

Read More
March 8, 2023
Selling Your House With Termite Damage

Selling your house can be a stressful experience, and discovering termite damage only adds to that stress. Termites are a common problem for homeowners, and if left untreated, they can cause significant damage to your property. However, selling a house with termite damage is not impossible. In this blog post, we will discuss what you […]

Read More
January 25, 2023
9 Reasons Why Working in the Real Estate Industry Is So Beneficial

Real estate has been, for so long, providing a primary means of survival to humans. Being a primary sector, the demand for workers is constant. As a result, the real estate industry keeps growing, and many people want a piece of it. For instance, you can easily land real estate jobs on reputable aggregators like […]

Read More
January 25, 2023
How Does the Foreclosure Process Work?

Unfortunately, foreclosures are a regular occurrence, and many Arizona homeowners face the possible foreclosure of their homes. This article will walk you through the foreclosure process and offer some options or steps you can take to avoid foreclosure. What Is Foreclosure? Foreclosure is the legal process of a lender who attempts to recover the amount […]

Read More
The Trusted Home Buyer Logo
Copyright © The Trusted Home Buyer
WE BUY HOUSES IN:

4.7 63 reviews