5 Tips for First-Time Home Sellers in Tampa

Selling a House in Foreclosure

Homeowners receive plenty of mail and notices from the lender on home payments are not being made And the homeowner needs to sell the house in Tampa. Selling a house in foreclosure typically involves a cash buyer. Cash buyers are able to help close home sales very quickly which is different than with lenders who typically take 30 to 45 days to help a buyer purchase a home. Homeowners who need to sell in foreclosure need to be prepared to move quickly. 

Many times the house is full of personal belongings and it is important to start going through your personal items early so that you make sure to save your most valuable things, even if you need to sell because your house is in foreclosure. I think the biggest surprise I have seen for homeowners who need to sell because they’re losing their house to foreclosure is they get comfortable receiving letters which might take place over six or sometimes nine or even 12 months. However, once the foreclosure, date is set, things start moving much more quickly. Homeowners should begin moving as soon as possible but it was also good to know that after the foreclosure sale the new owner of the property cannot just kick the homeowner out on the street. 

When you need to sell your house that is in foreclosure do you also have several weeks or even a month to move out afterwards as the new owner files legal documents with the sheriff. This does cause blemishes on a persons record which is not a good long-term idea.

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