Jeannette Ivy and Donna Underwood have joined as realtors to help homeowners sell their home before the auction date. It gives homeowners a chance to walk away with money versus nothing. Facing foreclosure is stressful time. Jeannette and Donna want to help others in a time of hardship and do so with detail and care.

Pre-foreclosure is the name for the initial period of the foreclosure process. Foreclosure is what happens when you are unable to make payments on the loan you took out to pay for your house – after a few missed payments, your bank will start the process to take your house back. This process may end in the sale of your home at auction. If you’re facing foreclosure on your home, you are likely scared, stressed, and overwhelmed by all of the uncertainty that comes with losing your home on someone else’s terms.

As a Homeowner

Communication with a lender benefits homeowners struggling to make payments. Banks do not want houses. Many willingly work with property owners when legitimate hardship occurs. When a homeowner misses payments in pre-foreclosure, he or she has options:

1. Talk with the lender.

2. Reinstate your loan

3. Talk with a bankruptcy attorney

4. Sell your property

Without taking action in one of these ways, the property proceeds to foreclosure.

Selling a home close to foreclosure becomes more complicated. Therefore, selling early in the pre-foreclosure stage is advisable if you choose to sell.

If you have good equity, a major benefit is you also get to sell your home and walk away with money!!