Is your house going through the foreclosure process? We have great news! You can still sell your house up until it is auctioned off. Foreclosure is difficult, but you can rest assured that you can still get money, even cash-in-hand, for your home to get back on your feet again. In today’s blog, we’ll be discussing foreclosure and how to sell your foreclosed home for cash with the help of Nebraska’s realty team, Wistar Real Estate.
Cash for Homes
Everyone who is thinking about selling their home should understand the benefits of selling your home for cash. Some private groups and real estate companies offer to buy homes for cash, leading to a quick turnaround time for the seller. When you sell your home for cash, the closing process moves faster and you get cash-in-hand once everything is said and done. The additional benefit of selling your home for cash is that most buyers will accept the home in any condition. That means there is no need to complete menial repairs or large renovations in order to sell your home! Sell your home, as-is, quickly, and for cash with the help of Wistar Real Estate, serving the Omaha and Lincoln areas of Nebraska.
Reasons for Foreclosure
Foreclosure occurs when the homeowner stops making their monthly payments. There are many underlying reasons for a house to be going through foreclosure, but in all, we know that it means that the homeowner is going through some financial troubles. First, we would like to take a moment to say we are sorry for what you are going through. Then, we’d like to reassure you that no matter the reason why your home is being foreclosed, you can still sell it for cash. Here are some of the most common reasons why a home would be foreclosed and auctioned off by the bank:
- Credit Card Debt
- Medical Expenses
- Unexpected Illness
- Rising Interest Rates
Selling Your House During Foreclosure
If you are late or behind on your mortgage payments, or already have delinquent payments on your loan, you can sell your home to avoid foreclosure. Before the bank repossesses and auctions off your home, you can still sell it for cash. In order to stop foreclosure in its tracks, selling your home must be a quick process. This is why most organizations who buy foreclosed or nearly foreclosed homes buy them for cash, instead of dealing with fixing up the home, coming up with selling strategies, setting up open houses, and closing contracts with new owners. Homes are usually sold for cash without the intention of moving in a new family immediately. These homes instead will get fixed up and shown to potential buyers at a later date by the organization that bought it.
Do I Want My Home to Be Foreclosed?
In short, no. If you are a homeowner and your house is foreclosed, this will be reflected in your credit score. As soon as you start getting behind on your mortgage, contact your lender immediately. You can try to negotiate so that foreclosure is not in your future. Keep in mind also that each state has different rules on how the foreclosure process works. At Wistar Real Estate, we are experts in all things Nebraska realty, and want to remind you that we are here to help, especially if you fear that your home may be foreclosed!
Homes for Cash Process
As we have mentioned, the process of selling homes for cash is quite fast and simple. Through Wistar Real Estate, you can complete the homes for cash process in just a few easy steps. First, contact us and let us know a little bit more about your situation and the home you’d like to sell. We’ll review the information and then give you an honest cash offer for your home, as-is, meaning no need for repairs. Then, you have the opportunity to negotiate with us, until you are satisfied with our offer. Finally, we’ll let you choose the closing date and then give you the well-deserved cash for your home.
Wistar Real Estate in Nebraska
Serving the Omaha and Lincoln areas of Nebraska, Wistar Real Estate buys homes for cash, including homes that are being foreclosed. You can sell your house fast and get cash-in-hand so that you can get back on your feet again and find a new place to call home. Our team of real estate agents is kind and professional, helping you through every step of the foreclosure and home selling processes. Plus, when you sell your home for cash with us, we don’t tack on any additional fees, like commissions. We use all of our knowledge and the latest technology in the real estate industry to help you through the burden of having your home foreclosed. Is your home being foreclosed or are you starting to get behind on your mortgage payments? Call Wistar Real Estate in Nebraska at (402) 452-1580 or fill out the contact form on our website, and one of our agents will be in touch with you shortly. We can’t wait to help you!
Read the Other Blogs in This Series