How Long From Foreclosure to Eviction?

How Long From Foreclosure to Eviction

The foreclosure process can be lengthy and drawn out, especially if you are fighting foreclosure in court. The eviction process is usually much quicker once the foreclosure is finalized. In most states, the lender must give the homeowners a notice to vacate before they can file for eviction. The length of time from foreclosure to eviction can vary depending on the state but is typically around 30 days.

Being in foreclosure is never easy. It’s a stressful time. But if you’re going through the process of foreclosure, know that you can mitigate it by selling your house.

Selling Your House During Foreclosure

Many people don’t realize that they can sell their house during the foreclosure process. In fact, selling your house is one of the best ways to avoid foreclosure.

If you’re in the middle of a foreclosure and want to sell your house, you may need to first request a short sale. A short sale is when you sell your house for less than what you owe on your mortgage. This can be a good option if you’re upside down on your mortgage (meaning you owe more than your house is worth).

But if you don’t owe more than your house is worth, it’s a good idea to just sell your house as quickly as possible. If you can sell your house fast, you can get out of foreclosure and move on.

Note that not all mortgage lenders need to go through an official foreclosure process. Some mortgage lenders have a process by which they can instead sell your house once you would enter into foreclosure. If this is the case for you, you can still sell your house yourself before they do.

The Challenges of Selling Your House Fast

The biggest challenge of selling your house fast is finding a buyer. If you’re in the middle of a foreclosure, you likely don’t have a lot of time to find a buyer. This is where working with a professional can help. A professional homebuying company can help you with a cash offer.

The reality is that if your house needs repairs, most buyers can’t purchase it. Their mortgage lender won’t let them. But a professional homebuying company can buy your house as is. This means you don’t have to make any repairs or even clean up your house. You can simply sell it as is and move on.

Selling Your House Fast With a Cash Buyer

So how does selling a house with a cash buyer work?

You contact a professional homebuying company, and they will make you a cash offer for your house. If you accept the offer, they will then close on the deal quickly, usually within 7–14 days.

This is much faster than selling your house the traditional way. And because you’re not dealing with repairs or cleaning, it’s much easier too.

If you’re in foreclosure, selling your house fast with a cash buyer is one of the best ways to avoid eviction. But you have to act fast. If the foreclosure is already in process, you have a limited amount of time before you get evicted.

In most states, you can still try to sell your house fast up until the point that the property has a new owner. Consider this when weighing out your options.

At We Buy Houses Salt Lake City, We Buy Houses in Cash

If you’re in foreclosure and want to sell your house fast, We Buy Salt Lake City Houses can help. We buy houses in cash, which means we can close quickly. We don’t require any repairs or cleaning. We buy as-is so you can move on with your life. Foreclosure is stressful, and we want to help. Contact us today.