Pre-Foreclosure Cash Buyers
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Cash buyers are actually the ideal buyers if foreclosure proceedings have actually started. Once advertised in the county’s local legal paper you will have only about four weeks to select and exercise a strategy that best reflects your needs and the current buyer pool.
As mentioned before buyers that will require a loan in order to purchase will have difficulty closing in under three weeks. Therefore the option of selling to a NON CASH BUYER becomes much less feasible. Therefore it is very important to have a ready supply of cash buyers that can close within days of arriving at an agreement.
Once a cash buyer is identified the closing will proceed much like any other closing, except your home will not need to be appraised and the buyer will purchase it AS IS. In many cases it may take several days to actually get a payoff from the lender; due to having to get all charges and fees from the foreclosing attorney. Once we receive the payoff we can usually close that same day or the day after.
As Real Estate Professional with Metro Brokers and RE/MAX, we have worked with hundreds of homeowners facing similar situations. Our expertise in the areas of Short Sales and Foreclosures will provide strategies that will increase the probability of a successful outcome. And our ready supply of well qualified cash buyers and legal team partners will insure that we get to closing.
We understand that this is an awkward and undesirable situation; however we can assure you that as your Broker it will be handled with the utmost sensitivity and confidentiality. Please feel free to call or email us to arrange a personal meeting. 770-623-3313 or VanPurser@VanPurser.com