Can I sell my Long Island house that’s in foreclosure?

Many people ask…Can I sell my Long Island house that’s in foreclosure right now?   Some people going through the New York 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.

Selling Your Long Island House In Foreclosure – How it works

There are a lot of folks on Long Island 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 Long Island house in foreclosure fast, call us now.

We specialize in helping homeowners in situations including foreclosure on Long Island and the whole state of New York 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 or on Long Island, we can help you.

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

Give us a call at (559) 546-1252 anytime
or fill out the form over here today! >>

Ieishah Edwards

About Ieishah Edwards

In a society that has traditionally valued job security, Ieishah has demonstrated the ingenuity and perseverance it takes in creating and sustaining a successful growing business. She has displayed incredible drive, acumen and creativity which have positively impacted her business and the community she serves. Her goal, however, is to become a real estate investor who buys properties and/or sells them to end-users. The knowledge and experience of investing in real estate has grown tremendously due in part to her previous partnership with Anglestone Realty Acquisitions and OneSource Mortgage Company. This union has complimented this endeavor and has enabled her to develop a good business foundation in real estate investing. Ieishah decided to launch her own real estate investing business, HomeSites Property Holdings LLC. Within months after launching her own real estate investing company, Ieishah landed her first real estate deal. Now, as a full time real estate investor, Ieishah continues to invest in real estate and has never looked back. With the right drive, positive attitude, focus and idea, anyone can accomplish whatever is their passion in life. Focus on what you are passionate about, put together a marketing plan and take ACTION for results. Are you ready for the challenge?

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