Can I Sell My House in Foreclosure in Charlotte?

Do you have a Charlotte NC house that’s in foreclosure right now? Many people going through the NC 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.

Foreclosure Process

There are 3 steps in a foreclosure process:

Pre- Foreclosure:

It is a step before the actual foreclosure occurs. Pre-foreclosure takes place when the government gives notice to the homeowner to repay the taxes or debts they have on the house.

In this step, time is given to the homeowner to repay the debts on the house.

Foreclosure Auction

In light of the homeowner’s inability to pay the outstanding debts on the property, the Government issues an Auction Notice, with the Auction to take place on the specified date.

Bank Owned Foreclosure

If a property fails to be sold at auction successfully, the lender or Government will take possession of it. 

Known as REOs or Bank Owned Foreclosure, these are an excellent option for buyers who avoid exploiting distressed sellers or the potential risk of purchasing homes online without viewing them at an auction.

Can I Sell My House in Foreclosure in Charlotte? – How it works

There are a lot of folks in Charlotte 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 fewer options are available to you.

Are you looking to sell your foreclosed home in Charlotte?

If you’re looking to sell your Charlotte house in foreclosure fast, call us now.

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

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

Give us a call at (704) 605-1826 anytime
or fill out the form over here today! >>


Frequently Asked Questions

What is a foreclosed home?

When individuals do not pay their debt, the foreclosure of their homes can result. This typically occurs when the mortgage or tax payments take time to happen.

Are foreclosed homes cheaper than normal homes?

The potential to acquire a foreclosed home at a great price is contingent upon its current stage in the foreclosure process. 

How can Cash today home buyers help to sell your foreclosed home?

If you are facing foreclosure, we can assist in expediting the sale of your property. We pay cash for all types of residences in the Charlotte, NC, area, regardless of their condition. Whether your home is in pristine condition, deteriorated, filled with clutter, or requiring substantial repairs, we are interested in purchasing it from you.

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