POINTS TO REMEMBER:
• You have a right to sell your home in order to avoid foreclosure. • If you can sell your house for a high-enough price to pay all of your mortgage-related debts, fees, and expenses, you might pocket excess money from the sale. • To make clear business decisions, try to separate your emotions from the sale of your home. Base your strategy on price, marketing, and the condition of the house. • Be realistic about what your house is worth on the open market, bearing in mind that you need to sell the house before it goes to a foreclosure sale. • Be wary of selling to investors who may want to “flip” your house or rent it out, rather than occupy it. They tend to make lowball offers. • Protect yourself from scammers who will pretend to offer you help but only want your money for services they can’t or won’t provide. Learn how they operate and be careful to give personal information only to individuals you know to be reputable.
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