Sell My House Fast
An old friend called last week and said, "Simon, I need to sell my house fast. Can you help me?" I was surprised to hear from him, but even more surprised to learn he was facing foreclosure. Come to find out, Don's life savings was wiped out by a bad investment scheme. Then his wife fell ill and was no longer able to work. Between the loss of her income and exorbitant medical expenses, they had fallen behind on their mortgage and couldn't get caught up.
"Sell my house fast" seems to be the catchphrase of the day. Nine out of ten people who call me say the exact same thing. The problem is, most people wait too long before they take action. Unfortunately, procrastination is a common reaction to pre-foreclosure. I've seen it happen time and again. In fact, I've deemed it 'foreclosure syndrome'.
Here's how it works. The homeowner falls behind on their mortgage payment. They think they can scrape the money together and get caught up within a week or two. A month passes and they still don't have enough to pay last month's mortgage, let alone this month's payment.
Their lender starts to call on a daily basis. Then letters arrive in the mail. At this point, foreclosure syndrome is setting in. Homeowners become paralyzed with fear and enter into the shutdown phase. The phone calls go unanswered and the letters are tossed in a drawer.
Three to four months later, the bewildered homeowner stands with their mouth hanging open as they read the letter stating their home is being placed up for sale through public foreclosure auction. Then, they call me and say, "Simon, I need to sell my house quick!" By then, it's usually too late.
You simply cannot allow foreclosure syndrome to set in. If you are delinquent on your mortgage, you must call your lender today. Chances are the bank can work with you to modify your loan until you can get back on track. The longer you wait the less chance you will have of saving your home.
If you don't have the financial means to continue residing in your home your lender might offer you the option of a short sale. In this instance, lenders accept less than is owed on the mortgage loan. However, it will be your responsibility to locate a buyer.
There could be other reasons you need to sell your house fast. Perhaps you've inherited real estate that is held in probate. Maybe you have been ordered by the court to sell your house due to divorce. Possibly you have failed out of bankruptcy. Whatever the reason, I might be able to help.
I buy houses primarily in Orange County, California, but I look at properties all across the U.S. If you need to sell your house fast, I encourage you to fill out the we buy houses form. I will be happy to review your real estate. If I'm unable to buy your house, I can pass the info along to my network of investors.