“How Can I Get Cash for My Distressed House on Long Island”
If your house is in the late stages of foreclosure, you may believe that you are out of options and there is nothing you can do to keep the bank from selling it at auction. However, it’s not late to prevent foreclosure from happening. If you need to sell your property to avoid foreclosure, you can sell your house distressed house as-is for cash.
At LI Houses Wanted, we buy houses as-is for cash regardless of your reason for selling. We can provide a quick appraisal and make a fast cash offer within 24 hours so that you don’t have to wait. You can close on the sale of your house in as little as a week – just in time to stop the foreclosure and save your credit.
To learn more about how to sell your house fast on Long Island, New York, call LI Houses Wanted at 516-457-5707 and get a fast cash offer.
How to Sell Your Distressed House Fast in 4 Steps
If the bank threatens to foreclose on your house, you don’t have time for a traditional sale. You need to unload your property quickly to get out of your mortgage. Instead of hiring a real estate agent and listing your house on the market, you can sell your house directly to LI Houses Wanted. We simplify the process and allow you to sell your distressed house in four steps.
Step One: Tell Us About Your Property
Contact our team when you are ready to sell your house. Tell us about your property by filling out the property information form or calling us. We’ll ask questions that help us learn more about your property.
Step Two: Schedule a Walkthrough
After we learn more about your property, we will do a walkthrough of the property to determine the current market value of our house. Our team of experts will assess the value of your property and get back to you within 24 hours.
Step Three: Get a Fair Cash Offer on Your House
We understand that you need to sell your house fast so that you can move on. Therefore, if we are interested in buying your house, we’ll make a fair cash offer within 24 hours so that you don’t have to wait. Our offers are fair, and we will never try to lowball you or take advantage of your situation.
Step Four: Close the House Sale and Get Paid
If you accept our cash offer, the final step is to close the sale. We obtain title from a local reputable title company & once title is clear, we close… as simple as that. LI Houses Wanted pays closing costs so you net more at the closing and you walk away with no strings attached!
Sell Your House As-Is Regardless of Your Situation
If you are going through a difficult financial or legal situation, you may feel that your circumstances prevent you from selling your house. It may be true in a traditional home sale. However, when you sell your house to LI Houses Wanted, you can sell your property for any reason. We work with home sellers on Long Island in all situations, including
- Downsizing
- Forbearance
- Foreclosure
- Inherited House
- Relocating
- Rental House
- Selling As-Is
- Vacant House
What Is a Distressed House in New York?
A distressed house is a house that is on the verge of foreclosure. The house may be in the late stages of foreclosure or ready for auction. At this point, the bank has fulfilled the mortgage contract terms and plans to repossess the house. There are three main types of distressed houses.
1. Foreclosures
A foreclosure occurs when you can no longer make your monthly mortgage payments. The bank forecloses on the home and repossesses the property. Occasionally, the lender may accept a deed instead of foreclosure to assume ownership. In the case of a foreclosure, lenders are often anxious to sell these homes quickly under state laws.
2. REO Properties
Properties that don’t sell at foreclosure auctions are real estate-owned properties (REO). Lenders do not want the responsibility of maintaining or repairing these properties and may be willing to sell them at a discount.
3. Short Sales
If your house is worth less than your mortgage, it may be upside down in the mortgage. In this situation, you may be considering a short sale. A short sale allows you to get out of the foreclosure. However, it can also damage your credit.
Call Us Today to Get a Fast Cash Offer in Patchogue
Before you call the realtor, contact us first. LI Houses Wanted can make a cash offer today and close on the sale of your house in as little as seven days. Call 516-457-5707 to get a fast cash offer on your property.