Can I sell my home if I’m in default or facing foreclosure?

Life sometimes brings unexpected challenges like job loss, medical bills, divorce or even death of a loved one. During these times, it may become difficult or impossible to keep up on certain financial obligations – the largest of which is a mortgage payment.

It is not uncommon to feel a sense of panic when you start to receive overdue notices from your mortgage company. At first, the process is slow because of various state and federal regulations on foreclosure. However, the pressure builds as the mortgage servicers make their way through the legal hurdles.

At some point you might ask — “Can I sell my home if I’m in default or facing foreclosure?”

The short answer is YES, you can sell your home while in default or facing foreclosure. In fact, selling is the best way to avoid a foreclosure.

However, this situation is more complicated than a traditional sale, and it requires extra care and attention. You will face complex legal issues, and you will need protection in the process. Experienced professional representation will make the difference between success and failure. A traditional real estate agent is NOT enough. To successfully navigate this complicated process, you will need the expertise of both a licensed Real Estate Attorney and a skilled Realtor. This type of comprehensive professional representation can become quite costly if you need to hire both an Attorney and a Realtor, but there are absolutely no out-of-pocket costs when you work with an Attorney/Realtor from Lawyers Realty Group. An Attorney/Realtor will help you address the legal obstacles and buy the time needed to sell for the best price available (with NO additional costs or fees).

“The best advice I can give to homeowners facing foreclosure is to act early and have legal counsel throughout the process,” Attorney Derik Lewis explains, “the foreclosure process can take 6 months or more, but waiting until the middle or end of the timeline is a recipe for disaster.”

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 rather than later to get the house sold.

“We have so many more tools at our disposal during the initial stages of default and foreclosure. We can use state and federal regulation implemented after the 2008 recession to slow the process and open opportunities.”

An Attorney/Realtor can overcome many challenges and help homeowners facing even the most difficult real estate situations, including foreclosure postponement, clearing title problems (such as liens and encumbrances or lost ownership), removing squatters from the home, terminating pending sales contracts, stopping or unwinding HOA foreclosure, and prosecuting foreclosure scams.

Our team at Lawyers Realty Group takes on complex mortgage problems that traditional Realtors and Attorneys are ill-equipped to handle. We know how to deal with mortgage servicers and aggressive lenders to achieve stellar results for our clients.

With an Attorney/Realtor, you can avoid the fear and uncertainty of the potential foreclosure and move forward confidently with the listing, marketing and sale of your home through Lawyers Realty Group.

At Lawyers Realty Group, we specialize in helping homeowners communicate effectively with their lenders and negotiating the most financially advantageous solution to their mortgage problems. If you are facing default or foreclosure, contact an Attorney/Realtor today at (949) 264-0966 to obtain a FREE legal analysis of ALL your options and secure the best possible financial outcome.

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Can I Sell My Home if I’m in Default or Facing Foreclosure?

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