Facing Preforeclosure?

Three options if facing Preforeclosure
Video Transcription

Bob Allwein: Hi, this is Bob Allwein from Maryland Cash House Buyers. We’re at a property today that was previously in pre-foreclosure, meaning the owners of the house were behind on their payments and they were facing potential foreclosure. Today I wanted to talk to you about what your options are, if you find yourself in that situation. Option one would be to sell your property with a realtor. Of course that can take 30 to 60 days, maybe longer, and the new owners of the property are going to do a home inspection. You may have some repairs associated with that and some extended closing costs. Option two would be to maybe fix the property up yourself and sell it for sale by owner. Option three would be to sell your property in its as is condition right now to an investor, someone like Maryland Cash House Buyers.

If you go down that road, you could expect to get an offer for cash and it’s current as is condition. You would also expect to pick the timeline of when you would like to close the property. So let’s pretend you want to close your house in two weeks and you want to move out, maybe you already found your next house to live in. You would call an investor like Maryland Cash House Buyers. We’ll help you figure out what those steps are to get you out of your house and caught up on your payments that are behind. If you find yourself in this situation, please go to our website, www.mdcashhousebuyers.com, fill out our quick response form and we’ll be in touch with you soon. Thank you.

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