Do you have an Arizona house that’s in foreclosure right now? Are you wondering “can I sell my house” in this state? Many people going through the foreclosure process in Arizona just want to get out from under that burdensome house and end up saying “I just want to sell my house!”
The short answer: Yes. The long answer: It’s a little more complicated than a basic sale but it can be done. Usually you can sell your property prior to foreclosure. Generally, the sooner you start dealing with it, the better.
How can I sell my Arizona house?
There are a lot of folks in Arizona who have faced foreclosure in the past few years. Due to the changes in the economy, a lot of banks have been changing how they deal with the process. It is very true that the bank that carries your mortgage really doesn’t want to see your home abandoned or auctioned. The bank stands to make more money by helping you avoid foreclosure by selling your property. However, you must prepare yourself because dealing with banks during any part of the process can be a huge pain and requires a lot of patience.
We’ve been dealing with houses over many years now, and we’ve worked with banks to help stop the process. We’d like to share with you a few tricks that we’ve learned to help you out. We Arizona locals, so we believe that sharing is caring for our community.
How can I work with the bank and sell my house during the Foreclosure Process in Arizona?
- Always over-communicate with the bank (without being annoying). You have to proactively call them and provide updates so you can show them what you’re doing to get your property sold.
- Don’t miss deadlines. If and when, due to unavoidable circumstances, anything will be late, you have to call the bank and provide an advance notice.
- Remember that bankers are people too. You need to explain your situation but don’t be overly dramatic. You have to convey and demonstrate to them your willingness to fix the problems and to make it right. This goes a long way due to the fact that you were initially approve for a loan based on trust.
- Keeping careful records of every conversation you have with the bank. If it’s not written, it did not happen. Nothing counts unless it is in writing. Make sure to take note of each person you speak with, what the conversation was about, what they said, and any promises made.
- Explore ALL your options. Your options usually include short sale, loan modification, and bankruptcy. Depending on the details of your personal situation, you may be able to dramatically slow down the process 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 options are available to you.
If you’re looking to “sell my house in Arizona fast”, we can help. Call us now! We specialize in helping homeowners in situations including foreclosure in Pinal County and the whole state of Arizona 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 in Arizona, we can help you. We buy properties like yours from people who need to “sell my house fast.“