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Disposing of your property to Stop Foreclosure process

DISPOSE OF PROPERTY - Option 4 of 6

Disposing of the property can be accomplished by an outright sale of the property. The sales process may complicated by the fact that it may take time to prepare the property for sale, funds may be needed to do some repairs to portions of the home. Also, finding the right realtor and listing the property will take some time as well. Further, what will the sale price be and are you able to get it sold in the length of time you have before the foreclosure sale occurs.

Some thought has to be given to "Where will I live after I sell the property?" What type of credit history will the new place where you want to live require?

Consideration and thought in setting the sales price and terms of sale should be given prior to listing your property with a local real estate agent. Some of the questions that may need to be addressed are?

Stop Foreclosure Center bullet  Can I sell it before the foreclosure sale occurs?

Stop Foreclosure Center bullet  If repairs are needed, do I have the money necessary to make them prior to listing the property AND if so, and if made, will they increase the sales price of the property?

Stop Foreclosure Center bullet  At what price do I list the home in order to get it sold within the window of time I have before the foreclosure sale occurs?

Stop Foreclosure Center bullet  What happens if there is a deficiency? (i.e.: the sale does not produce enough to pay off the entire mortgage, late fees, legal fees, property repair and expenses of the sale?)

RESTRUCTURE LOAN (1/6) | REFINANCE PROPERTY (2/6) | OPTIONS UNDER LAW (3/6)
DISPOSE OF PROPERTY (4/6) | DO IT ALL YOURSELF (5/6) | PAY ALL MONEY DUE (6/6)

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