Can I Sell My House in Foreclosure in Fort Collins?

Do you have a Fort Collins Colorado house that’s in foreclosure right now? Many people going through the Colorado foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can sell your property prior to foreclosure. Generally, the sooner you start, the better.

Can I Sell My House in Foreclosure in Fort Collins? – How it works

There are a lot of folks in Fort Collins who have faced foreclosure in the past few years. Since the changes in the economy, a lot of banks have been shifting the way that they deal with foreclosures. Remember, the bank that carries your mortgage doesn’t want to see your home abandoned or auctioned. The bank stands to make the most amount of money by helping you to avoid foreclosure by selling your property. However, dealing with banks during any part of the foreclosure process can be a huge pain. Over many years of working with banks to help stop the foreclosure process, we’ve learned a few tricks that will help you.

Working With Banks During The Foreclosure Process

1. Always over-communicate with the bank (but don’t be annoying). Call with updates and show them what you’re doing to get your property sold.
2. Don’t miss deadlines. If anything will be late, call with advance notice.
3. Remember that bankers are people too. Don’t be overly dramatic, but explaining your situation and demonstrating your willingness to fix the problems to make it right goes a long way.
4. Start keeping careful records of every conversation you have with the bank. Nothing counts unless it is in writing. Make sure to keep track of each person you speak with, what they said, and any promises made.
5. Explore all your options, including short sale, loan modifications, and bankruptcy. Depending on the details of your personal situation, you may be able to dramatically slow down the foreclosure process with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.
6. 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 your Fort Collins house in foreclosure fast, call us now. We specialize in helping homeowners in situations including foreclosure around Fort Collins and the whole state of Colorado 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 near Fort Collins, we can help you. We buy properties like yours from people who need to sell fast.

Give us a call at 970-682-3306 anytime or fill out the form over here today! >>

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Facing a Colorado foreclosure timeline? A public trustee sale is typically set 110 to 125 days after the Notice of Election and Demand is recorded, and a sale that pays the loan in full can stop it right up until the auction. See what the timeline actually looks like, or call or text 970-682-3306.

Published by Grail Capital, a Northern Colorado real estate investment company founded in 2016 by Luke Angerhofer, a former Colorado real estate appraiser who has worked in Colorado real estate since 2007. Grail Capital buys houses directly from homeowners across the Front Range. This article is general information about Colorado real estate and is not legal, tax or financial advice. More about us.