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Foreclosure Berks County

Berks County Foreclosure

Hey, Berks County, April Crossley here from Berks County House Buyers, and I’m answering some of your most common questions. A lot of people will ask us, “If I’m facing foreclosure, can I sell my house to a cash house buying company like Berks County House Buyers?” If you’re facing foreclosure and you have a house in Berks County, I understand this can be a very stressful situation. We work with a lot of home owners who are looking to sell in Berks County, Pennsylvania that are facing some sort of pre-foreclosure or foreclosure. This means that you’ve fallen behind on payments on your home in Berks County and that you need to sell. Oftentimes, the bank is sending you notices in the mail, letting you know what you owe in your home and what you’ll have to pay to catch up. And sometimes, people are uncertain if they can sell their house fast or sell their house for cash if they are in the foreclosure situation in Berks County, Pennsylvania.

The answer is, it kind of depends. It really depends on what you owe on your mortgage. We will take, talk to you a little bit about the home, possibly take a look at the home, and speak about what you might owe on your mortgage versus what the house is worth. If you owe less on your mortgage than what the home is worth, sometimes you can list the home on the market with an agent, or if you need to get out of this situation quickly, you can sell the house for cash. A lot of times, when homeowners are facing foreclosure in Berks County, they know that the longer they wait to make a payment to the bank, the more attorney’s fees and late fees and everything start to build up, so the less and less their chances are of being able to sell that home fast for cash. So, if you’re looking to get out of a foreclosure, whether you decide to sell the home on the market or you decide to sell the home cash with our company, Berks County House Buyers, it’s really important that you sell the home quickly.

The longer you can’t make payments, the worse things get. The attorney’s fees and late fees really rack up and add a lot to what you owe on the back end. And sometimes, homeowners get to the point where they’re unable to pay off with the bank what they actually owe on the mortgage. Going through the foreclosure process can be an extremely stressful situation and banks are not easy to talk to. If you’re unsure of what you owe on the home, we have a form called an Authorization to Release Form so you can use it to reach out to your bank or we can use it if you sign it and want us to so you don’t have to deal with the bank and we can reach out on your behalf and find out what is owed on the home. This will give us a starting point to see if you can sell the home for cash quickly with what is owed on it or if you might have to put it on the market so that you can get the most amount of money you can out of the home.

Sometimes, foreclosed homes are also homes in disrepair, not always. But if you have a home that’s in disrepair and it’s in foreclosure, it might be a little more difficult to sell it on the market with an agent because you’ll have people come through that are going to do inspections and want you to do those repairs, plus it can take a homeowner six to eight weeks to get a mortgage on a home that’s on the market in Berks County. The benefit of selling to a cash house buyer is that we buy quickly. So, going back to what I said before about needing to sell quickly so you’re not racking up late fees and attorney fees and things like that, sometimes it’s beneficial to sell to a cash home buyer like Berks County House Buyers so that we can come in and buy the home quick.

We also take the time to help you relocate to another property. So, we have a lot of connections with other landlords in the area, can help you find an apartment if you need. We want to make sure that you are in a safe place and situated before moving out of your home. And I know that can be stressful as well, trying to find the next place that you’re going to move. So, you can sell your house cash quickly in Berks County if you’re in the foreclosure process. There’s just some information that we have to gather upfront first to make sure that our services are a good fit for you. And if they’re not, we can refer you to a real estate agent that can take you through what’s called the short sale process. So, if you owe more on the home than what the home is worth, that will mean you have to go through a short sale. So, you’re selling the house for less than what is owed.

The short sale process is very time intensive and tedious. The bank’s going to ask you for a lot of information, proof that you’ve been working, what have your pay stubs been, what have the deposits into your bank account been, information about the home and the condition of home. They have you fill out constant updated paperwork regarding your income every month. It can be a little stressful. If you don’t mind doing that paperwork and you’re really on the ball, then you won’t have a problem with the short sale process. And if you have an agent there that specializes in short sales, they can assist you. But if you owe less on the home than what the property may be worth or you’re unsure, the best place to start is a free no obligation consultation which we do all the time for homeowners in Berks County. We’ve been doing them for the past 12 years. You can get your free no obligation consultation by reaching out to us on our website, berks610.com or via phone 610-816-6205. We look forward to helping you get out of your foreclosure situation as quickly as possible.

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