Facing Foreclosure in Naples? Here’s What You Can Do

by Dec 21, 2021

Before foreclosures peaked in 2010, the federal and state laws surrounding mortgage services and foreclosure procedures were not as comprehensive and tended to side with the foreclosing lenders. All this is in the past now, as more federal and state laws have been drafted to heavily regulate both loan servicing and foreclosure processes. And best of all, they’re now made with borrowers in mind.

If you’re looking into foreclosure, you’re probably looking to sell your house… and fast. This is where a “we buy houses in Florida for cash” company will come in handy.
It may be nerve-wracking to get those foreclosure notices in the mail, but don’t worry. According to the Department of Housing and Urban Development (HUD) “Foreclosure doesn’t happen overnight.”

If you’re behind on your mortgage payments, all is not lost just yet. Here’s what you can do.

Get ahead

Don’t wait until the last minute to sell your property. Homeowners have a tendency to stall the selling process in the hopes of gathering enough money to pay the outstanding mortgages on time. While a number do get to do this, the vast majority do not. This makes homeowners even more agitated as the foreclosure date closes in on them, making them more desperate than ever to sell. Because of this, many sell their homes for much less than what it’s worth in an effort to get rid of it as soon as possible.

Find out your home’s value

Regardless of your current situation, you’ll want to get as much from your house as possible. This is why it’s important to get a rough estimate on your home, so you don’t sell yourself short. You can find online home value estimators for free. It asks you for details and information about your home and compares it with statistics on home value of similar quality. Keep in mind that these calculators are not 100% accurate, so use the number it gives you as a starting point and gauge rather than a final price.

Talk to a realtor

A realtor will be able to give you a more concrete number as to your home’s value. When selling your home through a realtor, take note that you may need to spruce up your home and do some renovations to make it as attractive as possible to potential buyers.

If your home is in foreclosure, chances are you don’t have the extra money, or time, to embark on a home renovation project.

Which brings us to…

Go for a home for cash company

When you see a home for cash company proudly advertise “we buy ugly houses in Florida,” they really do mean it. When you partner with a we buy houses for cash company, you can sell your home as-is, where is. No need to deal with costly renovations and realtor fees. On top of this, you’re guaranteed to get an offer in as quickly as 24 hours, which is perfect for homeowners looking to sell their houses in foreclosure as soon as possible. Despite being able to make an offer quickly, homes for cash companies offer fair pricing, so you can rest assured knowing you get paid for the value of your home. And if you sell your home directly to a homes for cash company, you won’t have to deal with any hidden fees like closing fees.

Need More Info?

Selling a home in foreclosure in Naples can be a complex process. It is a high-stakes, difficult transaction that requires a considerable amount of time and expertise to get the outcome you desire. However, if you want to sell your Naples home that’s in foreclosure for the best price as smoothly as can be, the best option is to sell directly to Alpha Properties. At Alpha Properties, our team is highly motivated, knowledgeable, ethical, and resourceful. Qualified to handle any real estate transaction, our dedicated staff is committed to helping you with your real estate needs.

Instead of waiting months going back and forth dealing with realtors and flakey buyers, you can go directly to us. We buy houses in Naples, Florida no matter the state or condition it’s in. We guarantee we will provide you with a fair cash offer for your house. And the decision to accept or decline our offer is completely up to you. The best part of our process is that it is absolutely FREE. You are in no way obligated to take our cash offer if it does not align with your expectations. Interested in selling your home or want to know more about the process? Call us today at (305) 204-1216.

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