Do you have a Dallas TX house that’s in foreclosure right now? Many people going through the TX foreclosure process want to get out from under that burdensome house and wonder if they can sell the house while it’s 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. If you’re wondering, can I sell my house in foreclosure, then generally, the sooner you start, the better.
Can I Sell My House in Foreclosure in Dallas? – How it works
There are a lot of folks in Dallas who have faced foreclosure in the past few years. Since there have been so many 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 in Dallas TX to help stop the foreclosure process, we’ve learned a few tricks that will help you.
Working With Banks During The Foreclosure Process
- 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. Staying in contact with them can show them that you’re really trying to do everything you can in order to make right on your loan.
- Don’t miss deadlines. If anything will be late, call with advance notice. It’s best to be proactive instead of calling the day after or the week after a deadline is due. This point is an extension of the last point about communicating with the bank.
- 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. Try to stay calm and be kind. No one likes dealing with an angry upset person, so if you can try to stay calm and be nice, you’re likely going to get further with the person on the other end of the phone. Remember, it’s likely your phone call will be recorded, and the person on the other end of the line will be taking notes. It’s much better if they can type that you’re a nice person!
- Start keeping careful records of every conversation you have with the bank. Nothing counts unless it’s in writing. Yes, they’ll be taking notes on their end, but it’s super important that you take thorough notes of your conversation. Make sure to keep track of each person you speak with, what they said, the date you spoke with them, and any promises made. If they give you any deadlines verbally, make sure you write them down along with the stipulations or ask for those in writing so that you make sure you’re following their directions.
- Explore all your options in Dallas, 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 in TX with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.
- Don’t wait. Unfortunately, time is not on your side. The further behind you become on payments, the fewer the options will be for you.
If you’re looking to sell your Dallas, TX house in foreclosure fast, call Jamie Buys Houses now.
At Jamie Buys Houses, we specialize in helping homeowners in situations including foreclosure around Dallas and the whole state of TX 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 Dallas, Jamie Buys Houses can help you.
We buy properties like yours from people who need to sell fast.