Can You Sell Your House to Avoid Foreclosure? A Simple Guide

Selling Your House Can Stop Foreclosure

If you’re behind on payments, selling your home could be your best escape route. It’s not perfect, but it’s often better than foreclosure.

Here’s what you need to know:

---

Option 1: Traditional Sale (If You Have Equity)

How it works:

• You sell the house for more than you owe
• Use the profit to pay off the mortgage
• Keep whatever’s left

✅ Good if:

• Your home’s value > mortgage balance
• You have time (60+ days before foreclosure)

⚠️ Problem:
Most people in foreclosure don’t have equity

---

Option 2: Short Sale (If You Owe More Than It’s Worth)

How it works:

1. You sell the house for less than you owe
2. The bank agrees to accept that amount
3. You walk away (usually with no debt)

✅ Good if:

• You’re okay with moving
• The bank approves (they often do!)

📌 Key fact:
🔗 Short sales hurt your credit less than foreclosure Compare short sales vs. foreclosure

---

Option 3: Cash Sale to Investors

How it works:

• Companies buy homes “as-is” in 7-14 days
• They pay 60-70% of home value
• Closing is fast (good if auction is near)

✅ Good if:

• You need to sell THIS MONTH
• Your house needs repairs

🚩 Watch out for:
Scammers who pressure you into bad deals

---

Step-by-Step: How to Sell Fast

1. Call Your Lender

Say: “I want to sell instead of foreclosure. What’s needed?”

• They may pause foreclosure during the sale

2. Find a Real Estate Agent

Look for:

• “Short sale certified” agents
• Experience with foreclosure homes

3. Price It Right

• Homes in foreclosure sell for 10-15% less
• Price low to sell fast

4. Get Bank Approval (For Short Sales)

You’ll need:

• Hardship letter (explain why you can’t pay)
• Bank statements
• Home valuation

---

Timeline: How Fast Can You Sell?

Method	Average Time	Best For
Traditional Sale	60-90 days	Homes with equity
Short Sale	4-6 months	Underwater mortgages
Cash Sale	2-3 weeks	Emergency situations

🔗 Foreclosure timeline

---

3 Things No One Tells You

1. You Might Owe Taxes

   • Forgiven debt in short sales can count as income

2. Banks Say “No” at First

   • 70% of short sale offers get rejected initially
   • Don’t quit—appeal!

3. Rent-Back Deals Are Dangerous

   • “Sell to us and rent” offers often lead to eviction

---

Need Help Now?

➡️ Get a Qualified Cash Offer 📞 Call (469) 942-5299

Remember: Every day you wait makes selling harder. Start today!

---

📥 Free Download: Ultimate Guide to Selling Your Home to Stop Foreclosure

• Sample Texts for Cash Buyers
• How to Handle Second Mortgages
• Investor-Friendly States where Cash Buyers Close Fastest

👉 Download Ultimate Guide to Selling Your Home to Stop Foreclosure

---

If none of these options work, we may be able to buy your house.

📞 Act now - Book a 1-on-1 consultation to see if your house qualifies for our program.