need help fast! we need to sell our house before it’s sheriff’s sale date!?
April 21st, 2010
Our house has been in foreclosure for months and there has been nothing we’ve been able to do to stop it. We’ve called the mortgage company time and time again trying our best to work anything out, and all they have told us is that we need to come up with over $15,000 by May 22nd (which is in about a week) to give them in one lump sum. That’s impossible. So when they told us this (about a month ago) we decided to look into selling the house to one of our friends before the sheriff’s sale date, which is June 7th. Is this possible? He’s more than willing to buy our house for it’s complete estimated value and wants to make an offer. If he puts in an offer before June 7th will the house be out of our hands before then and sold to him? We just really need it to be sold before sheriff’s sale. Will this work?
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Posted in Questions & Answers | Comments (5)
April 21st, 2010 at 9:54 pm
why dont you have him pay the 15,000 then just sale the house to him
April 21st, 2010 at 10:15 pm
you still have to go thru escrow? do the math.
April 21st, 2010 at 11:14 pm
Contact a Closing Attorney in your area to handle the documentation. The 15,000 would be the buyer’s “deposit” on the purchase. If you can get the paperwork lined up in time, the bank can remove the property from the Sherrif’s sale.
Good Luck
April 21st, 2010 at 11:41 pm
concult a real estate attorney fast
April 22nd, 2010 at 12:31 am
yes that would be a smart thing to do or why don’t you try forclosure assistant