Selling your home is one of your better options to stopping your lender from proceding with the foreclosure process through the courts or from taking your home away from you. They refer to it as liquidating.

Let's explore this option carefully and remember you have at most 120 days to act.

1. How much time is left before the judge rules in favor of your lender and force a sale at auction. If you are early in the pre-foreclosure stage you barely have enough time to get your home ready for sale and get it on the market.

2. Now in 2009 we are in a buyer's market. It isn't like it was in 2004 when you could list your home with a realtor for sale and in a couple of days hundreds of interested buyers were competing with one another to make offers even on a 30 year old home. That was of course because borrowing money from the banks was easy to come by.

3. If you're still living in your home while the realtor is showing it, getting market value is going to be tough. So you might want to find an alternate place to live while it's on the market.

4. How much will it cost to make repairs and get it ready for retail sale? Do you have an extra two or three thousand to put into it.?

5. Are you willing to give a discount in order to sell it before the auction date? Don't forget you have to pay seller's closing costs and the realtor's commission?
If you are, how much equity are you willing to sacrifice in order to
save your credit and the hassle of going to court?

Keep in mind home sales have slowed down in the Albuquerque area. It now takes at minimum 100 days to sell, at most 180 days depending on the location and the condition of the home.

Here is another option for you to consider. This option is only after you have exhausted all other efforts like a workout plan with your lender, refinance with a new lender or selling through a realtor.

My offer to you.

I can make an offer to buy your home. I can offer you cash but at wholesale discount.

I cannot guarantee that I'll buy your home from you but after visiting with I'll be able to make an informed decision. At that time I will look over your loans, inspect your home, do a title search and if it meets my requirements I can make you an offer to buy your home subject to your loans. I am very careful in what I choose to buy and I insist on your cooperation to provide me with full disclosure of your financial and legal papers. You do not have to accept my offer and I will not put any pressure to buy from you in fact I will leave you six days to change your mind and walk away if you do accept.We can still remain friends.

If it makes sense to you this may give you the opportunity to end your foreclosure situation and you could walk away with a few thousand dollars in your pocket and a chance to start over fresh along with your credit.

I am but a phone call away. My private business number is (505) 861-8258. Leave a detailed message including your name, daytime phone number, email address, and property address. If you want to send pictures of your home feel free to. You can send me an email at karmijo@kitcarson.net. In your subject line type: Ken, I'm interested in your offer.