Can I Sell Before A Scheduled Auction?
In many cases, YES. Homeowners typically retain ownership of their property until the foreclosure auction takes place. This means there may still be an opportunity to sell the home before the scheduled auction date.
Selling before auction can offer several advantages. It may allow you to pay off the mortgage through escrow, avoid a completed foreclosure, protect your credit from further damage, and preserve any equity you have built in the property.
Once a foreclosure auction occurs, the homeowner's options become much more limited. For this reason, many homeowners choose to evaluate their options as soon as they receive notice of an upcoming sale date.
If your home is scheduled for auction, time is critical. Default Remedy can help you understand your options and determine whether selling before auction may help you achieve a better financial outcome.