Facing foreclosure is stressful. It can feel like a race against time with the bank, bills piling up, and the fear of losing everything. But even if a pending foreclosure seems overwhelming, you still have options. If you’re looking to sell a house in foreclosure in Denver or anywhere in Colorado, we can help stop the foreclosure and make the process fast, simple, and stress-free, so you can get back on your feet.
Selling your house before foreclosure or stopping a foreclosure that is already in process can help you avoid the long-lasting financial impact of the process. Here’s why it might be the best move:
Protect Your Credit Score: Foreclosure stays on your credit report for up to seven years. Selling the property before it goes through foreclosure can help you avoid that major hit to your credit.
Protect Your Equity: If you have equity in your home, selling before foreclosure lets you protect that equity and walk away with cash. As experts in buying foreclosure properties in the Denver metro area, we can help you navigate the process.
Stop the Stress: Constant phone calls and letters from lenders can take a toll on your mental well-being. Selling the house can bring relief and a fresh start.
Avoid Deficiency Judgments: If your home is foreclosed in Colorado and sold for less than you owe, you might be responsible for the difference. Selling on your terms can help you pay off what you owe and potentially pocket some extra cash.
By selling your house before the foreclosure auction, you can take control of the situation and move forward without a mountain of debt. We’re here to provide a solution that’s quick, fair, and straightforward.
New Era Home Buyers is committed to building trust and offering customized solutions for our clients and home sellers. As a testament Brett’s real estate expertise and advice have been featured in top outlets like Yahoo Finance, AOL.com, GoBankingRat
We Buy “As-Is”: No repairs or cleanup needed. We purchase your house in foreclosure its current condition, no matter how rough it looks.
Quick Cash Offers: Get a cash offer within 24 hours, and close within 7 days, allowing you to settle your debt and stop the foreclosure.
No Hidden Fees: Forget about agent commissions, closing costs, and surprise fees. The amount we offer is what you’ll get. We never charge any fees and we pay call the closing costs.
Local Knowledge: As a Denver-based company, we understand the local real estate market and can tailor our service to meet your needs.
Begin by filling out the inquiry form above with some basic details about your property in foreclosure. The more information you provide, the better we can assess your situation and make a fair offer. You can also call or text us directly at 303-565-8966.
Once we’ve reviewed your information, we’ll reach out to schedule a quick property evaluation. After our assessment, we’ll provide you with a no-obligation cash offer. You’re under no pressure to accept—we give you the time and space to make the best decision for you.
If you decide to accept our offer, we’ll handle all the necessary paperwork and logistics. We strive to make the closing process as seamless as possible, ensuring you receive your payment quickly and without any headaches.
Selling a home in foreclosure in Colorado comes with unique challenges, but knowing what to expect can make the process smoother:
Time is of the Essence: The longer you wait, the closer you get to the foreclosure auction date. The sooner you take action, the better your chances of selling before foreclosure.
Lender Communication: If foreclosure proceedings have already begun, it’s important to keep your lender in the loop about your intention to sell. We can assist you in crafting the right communication to negotiate effectively with the bank.
Choose the Right Cash Home Buyer: Not all cash buyers are equal. Some lack local expertise, don’t understand Colorado’s foreclosure process, or fail to communicate effectively. At New Era Home Buyers, we’re a local Colorado company specializing in purchasing homes in foreclosure. We’ll guide you through every step of the process.
We can help you navigate these complexities and ensure a smooth sale, no matter where you are in the foreclosure process.
Setting an asking price for a home in foreclosure involves a bit more strategy than pricing a typical property. Here’s a breakdown of how to go about it:
First, ensure that the asking price will cover your financial responsibilities. This includes any unpaid mortgage payments, accumulated interest, and potential late fees. It’s important that these debts are satisfied in the sale to prevent further financial complications.
Account for additional costs such as home repairs, staging, real estate agent commissions, and closing fees. All of these contribute to the total cost needed to successfully sell the property.
Research the current market conditions. Look at comparable homes in your area that have recently sold or are currently on the market. Use this data to gauge a competitive price point. Websites like Zillow or Redfin can provide insights into local real estate trends.
It’s crucial to balance setting a realistic price with the potential for a sale. Pricing too high may lead to the property lingering on the market, while pricing competitively can result in a quicker sale. It may be more beneficial to accept a slight loss if it increases the likelihood of selling.
Hiring a professional appraiser can give you an unbiased valuation of your property. This evaluation will be instrumental in guiding your pricing strategy, ensuring that your asking price aligns with the property’s real-world market value.
By considering these factors and employing a meticulous approach, you can set an asking price that positions your foreclosure property competitively on the market.
When facing foreclosure, you have a couple of main paths to consider for selling your home: doing it yourself or enlisting the help of a real estate agent. Each option has its unique benefits and challenges.
-This approach gives you full control over the process.
-You’ll handle marketing, pricing, and negotiations.
-While it can save on commission fees, it requires substantial effort and expertise in real estate.
-Platforms like Zillow and Craigslist can be used to list your property.
-You’ll need high-quality photos and a compelling description to attract buyers.
-Be prepared to field inquiries and arrange showings yourself.
-A knowledgeable agent will manage marketing, negotiations, and paperwork on your behalf.
-They bring expertise and can often secure a better sale price due to their experience and industry connections.
-Agents have access to the Multiple Listing Service (MLS), which can broaden your reach to potential buyers.
-They often work with other agents who might have clients interested in a quick purchase, beneficial under tight timelines like foreclosure.
-Companies or individuals who buy homes for cash can expedite the sale process.
-While you might receive less than market value, the speed and simplicity can help resolve the urgency that foreclosure poses.
When time is not on your side, consider each option’s pros and cons carefully to determine the best path forward. Balancing speed, cost, and control will guide you in making an informed decision.
The foreclosure process varies by state, which is why it’s crucial to work with a local Colorado cash home buyer like New Era Home Buyers. We understand the specific steps and timelines of the Colorado foreclosure process. Each step has strict deadlines, so acting quickly is essential. Selling your home before the auction or negotiating with your lender can help you avoid losing your property.
– Missed Payments: If you miss a mortgage payment, the lender may send a notice after 30 days. You’re officially in default if you don’t pay after this notice.
-Chance to Catch Up: Colorado law gives you the right to “cure” (catch up) on payments until 15 days before the auction date.
-Notice of Election and Demand (NED): If you don’t catch up, the lender files this notice with the Public Trustee. It sets a foreclosure auction date, typically 110-125 days later.
-Rule 120 Hearing: About 45-60 days before the auction, a court hearing is held to approve the foreclosure. You can contest it at this stage.
-Public Auction: The home is sold at a public auction on the scheduled date. The highest bidder receives ownership.
-Deficiency Judgment: If the home sells for less than what you owe, the lender might seek a deficiency judgment.
Foreclosure is stressful, but you have options. From loan modifications to selling for cash, Colorado homeowners can find solutions to stop foreclosure and move forward. As a local cash home buyers, we’re here to help you explore the best path for your situation.
Contact your lender as soon as possible to discuss options like loan modification, forbearance, or a repayment plan. Some lenders are open to finding solutions to help you stay in your home.
If you still have equity in your home and your credit is in good shape, refinancing could lower your monthly payments and make your mortgage more manageable.
Selling your home to a cash buyer can help you avoid foreclosure altogether. This allows you to settle your mortgage debt and move on without damaging your credit. It’s important to choose the right cash home buyer—one who is local, moves quickly, is dependable, and communicates clearly. New Era Home Buyers is a local Denver company that has been helping homeowners avoid foreclosure for many years. Check out our reviews to see for yourself!
A short sale involves selling your home for less than you owe on your mortgage, with your lender’s approval. While it impacts your credit, it’s less damaging than foreclosure.
Filing for bankruptcy can temporarily halt the foreclosure process. While not ideal, it can provide the time needed to reorganize your finances and potentially keep your home.
A real estate investor, like New Era Home Buyers, can provide tailored solutions to help you avoid foreclosure or stop a foreclosure in process. Investors often specialize in purchasing homes as-is and closing quickly, giving you financial relief when time is critical.
In addition to buying foreclosure properties, we also specialize in other types of property purchases:
Selling a foreclosure home in Denver and any other city in Colorado is a difficult decision, but Colorado homeowners trust us for our transparent and efficient process. We focus on providing a fair offer and a quick sale, helping you avoid the stress of foreclosure. With our local expertise, you can be confident you’re getting the best solution for your needs. Our process is simple and we guide you through every step of the way.
If you’re facing foreclosure in Denver or anywhere in Colorado, selling your home can be the lifeline you need. Don’t wait until it’s too late—reach out to us today for a free, no-obligation cash offer. We will buy your foreclosure house quickly, get you the cash you need, and help you avoid the lasting effects of a foreclosure. Let us help you take back control and start fresh.
We buy Colorado foreclosure houses as-is. Fill in the form below to get started or call (303)-565-8966 to get you cash offer started.