Can I Sell My Home in Pre-Foreclosure? Here’s What You Need to Know

Many homeowners believe that once their home is in pre-foreclosure, they can’t sell it. That’s not true! You absolutely can sell your home before foreclosure happens, and in many cases, it’s the best financial decision you can make.

What is Pre-Foreclosure?

Pre-foreclosure is the timeframe before an official foreclosure starts. It begins when a homeowner falls behind on mortgage payments and receives a Notice of Default (NOD).

💡 Good news: Pre-foreclosure gives homeowners a window of opportunity to sell before the bank takes over.

How to Sell During Pre-Foreclosure

✔️ Step 1: Determine Your Home’s Value

Your home may have appreciated, allowing you to sell for a profit instead of at a loss.

✔️ Step 2: Decide Between a Traditional Sale or a Short Sale

• If your home’s value is higher than what you owe, a regular sale can allow you to pay off your mortgage.

• If your home’s value is less than what you owe, a short sale may be necessary.

✔️ Step 3: List Your Home & Find a Buyer

A skilled real estate agent (like me!) can help market your home and attract buyers before foreclosure moves forward.

✔️ Step 4: Work with the Lender & a Short Sale Expert (Realtor) (If Doing a Short Sale)

If your home requires a short sale, lender approval is needed. This can take several months, so acting quickly is important.

✔️ Step 5: Close the Sale & Avoid Foreclosure

Once the home sells, you pay off your mortgage or complete the short sale—preventing foreclosure and protecting your credit.

Benefits of Selling During Pre-Foreclosure

✅ Avoids foreclosure & keeps it off your credit report

✅ Allows you to sell on your terms instead of the bank’s

✅ Gives you time to relocate without an eviction

✅ May allow you to walk away with money in hand

Don't Wait—Take Control of Your Home Sale Today!

Don’t wait for foreclosure to decide your future. I’m here to help you navigate your options and find the best solution for your situation. Whether it’s a short sale or a traditional sale, we can create a plan that works for you and your family.

📞 Call/Text: 469-855-0199

📧 Email: Dawn@ElevatedRealtyGroup.net