In this article
Selling may be an option before foreclosure, but first confirm your loan status, any scheduled sale date, and the amount needed to pay off the debt. For a home in Forney, Crandall, or elsewhere in Kaufman County, start with your mortgage servicer rather than a buyer's promised closing date.
If you have a foreclosure notice, contact your servicer and a Texas attorney promptly. A request for an offer does not stop a foreclosure. Dabney is a prospective property buyer, not your lender or legal representative.
Start With Your Notice and Servicer
Keep your notices and recent mortgage statements together. Ask the servicer what stage the loan is in, what deadlines apply, and which options are still available. Do not assume an application or conversation has postponed a sale.
The Consumer Financial Protection Bureau recommends contacting your servicer as soon as payments become difficult. A HUD-approved housing counselor can help you understand your options; foreclosure-prevention counseling is free.
Compare Your Options Before Auction
- Keep the home: Ask about catching up, a repayment plan, or a loan modification. Availability depends on your loan and circumstances.
- List with an agent: Compare likely proceeds, repairs, showing needs, and the time required to find a buyer and close.
- Consider a direct sale: Compare the written price and terms with a listing. A direct offer may be lower, and closing still depends on the property, title, and agreement.
The Federal Trade Commission's mortgage guide explains these alternatives. Be cautious of anyone guaranteeing that they can stop foreclosure or demanding money for that promise.
Check Whether a Sale Can Work
Ask for a current payoff amount and an estimate of selling costs. Compare those obligations with the proposed price. If the proceeds would fall short, ask your servicer and attorney what that means before signing.
Share any sale notice with the professionals handling the closing so they can assess the deadline and title requirements. Repairs, tenants, or a tight schedule may affect your options; a cash offer alone does not resolve them.
For local buying information, see our Forney and Crandall pages. If you want Tony to review the house, share its address below. Continue working with your servicer and attorney while you compare selling options.
Discuss your house with Tony