Can I Sell My Home if It Is in Foreclosure?

If you’ve exhausted your options for working out an arrangement with your lender to stay in the property, then you need to act sooner than later to get the house sold — or prepare to face the ramifications of foreclosure. For this reason, the pre-foreclosure period is typically the best time to sell. Pre-foreclosure is when a homeowner agrees to sell their home before they reach foreclosure. When you still have months before the bank initiates foreclosure, you have time to prep your home for sale so that it sells for the best possible price.

Foreclosure rules, processes, and timelines vary by state and among mortgage companies, but selling a home facing foreclosure is typically similar to a traditional home sale.

Learn more at:
https://www.homelight.com/blog/can-i-sell-my-home-if-it-is-in-foreclosure/
https://www.homelight.com/blog/buyer-how-does-buying-a-foreclosure-work/

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