There are many reasons people consider putting up their home for sale in Avondale AZ. If you’re putting up your Avondale AZ houses for sale, then it’s probably because you want to relocate, get a new house, or the very common reason – you’re in financial difficulty and are probably expecting a foreclosure.
If you have houses in Avondale, you already know how important it is for you to make your mortgage payments on time. Failing to make your mortgage payments means that you may have to face foreclosure. This is when the lender seizes and puts your home for sale in Avondale to make up for their financial losses.
Usually, it takes about three missed payments for a foreclosure to kick off.
Some lenders are willing to help homeowners avoid foreclosure, and they’d prefer that you contacted them when you’re in financial trouble to see if they can help you, rather than just sit back and let your house go into foreclosure and join the list of homes for sale in Avondale Arizona.
Foreclosure is not just putting your home for sale in Avondale Arizona. It is beyond that. It is a hectic and demanding process for the homeowner and even for the lender.
Instead of just foreclosing and putting your home for sale in Avondale AZ, your lender would prefer that once you begin to fall behind on your payments or you can no longer afford your home, you proceed with a short sale. This is more cost-effective and faster for the lender.
Unfortunately, a short sale does not make all the troubles go away. A deficiency can still come up. After the lender has put up your home for sale in Avondale AZ and successfully sold it, the difference between your mortgage and the amount your property was sold for is the “deficiency”.
What happens with this deficiency is solely your lender’s decision to make. They may decide to waive the amount, taking the responsibility off your neck or they may pursue it in court and make you pay.
How else can you sell your home for sale in Avondale AZ?
If you’re expecting foreclosure and you have a home for sale in Avondale AZ, we have something for you.
You do not have to put up your house alongside the other Avondale AZ houses for sale in the traditional way. That will be time-consuming and your foreclosure may be at your doorstep before you can sell your house. It gets worse if your house needs some fixing and cleaning. Buyers on the traditional market looking through homes for sale in Avondale Arizona will want to see a neat and nicely renovated house that interests them. Thus, if your home needs repairs, you need to make them first.
Thankfully, with TGAZ investments LLC, you do not need to succumb to the pressure and work of repairing and cleaning your house. We buy your house in “as-is” condition, and we will pay cash or negotiate terms with your lender. There are no inspection or appraisal contingencies.
If you have a home for sale in Avondale AZ, you should contact us and get the process started already.
We can guarantee that your time won’t be wasted because we’ll ensure a fast close and save you a lot of money that would otherwise have been swallowed up in closing costs.
Do you owe property tax on a foreclosed home?
People whose houses have gone into foreclosure may be wondering if they can still owe property tax on the house that is foreclosed on.
According to the law, you are mandated to pay property tax for as long as you own the property. Your lender may decide to pay the tax in order to sell the house because when taxes become overdue, the property may be seized by the government which makes it difficult or impossible for the lender to get back what they’re owed. Once the home is sold, the tax is no longer your responsibility. It is now the responsibility of the new owner.