Can You Get Your Sacramento House Back After Foreclosure?

Facing the possibility of foreclosure is scary. Not only do you need a place to live, but you’ve probably made lots of memories in your home and you don’t want to leave them behind.

Can you get your house in Sacramento back after foreclosure?

The short answer is no. After after the court rules in the favor of your lender, the bank will take possession of the home and you no longer have a legal claim.

Instead of wondering if you can get your Sacramento house back after foreclosure, you should make a move to avoid it at the last minute. And we’re here to help.

Options for Avoiding Foreclosure in Sacramento

The good news is, if you’re not in foreclosure yet, you have options.

1. The first and best option is to work out a payment plan with your lender. In many cases, they’d prefer to keep you in your house than have to take it over and sell it. If you’ve been out of work but just got a new job, you may be able to convince them that your new income will make you more reliable in the future.

2. You could also request a forbearance from your lender. In some cases, your lender may agree to forgive a few missed payments if you have a had a medical emergency, lost job, or other serious life event. This option could mean increasing your payments moving forward to make up for past payments. Some lenders won’t go for this, but it’s always worth asking instead of accepting foreclosure as the only road forward.

3. If payment plans and forbearance are not options, you want to sell your home quickly. If you sell your home before it is foreclosed upon, you can pay the lender what is owed to them and avoid foreclosure. Selling quickly may not be ideal (you’ll still have to move), it’s preferable to foreclosure because you’ll clear up your debt to the bank. That means you won’t have the long-term negative impact to your credit score that a foreclosure causes.

Here’s the secret to selling your Sacramento area home fast so the bank can’t take it.

You sell your home by sticking a “For Sale by Owner” sign in the yard. However, a faster and easier option is to find an investment firm that buys houses as-is for cash, fast. Instead of spending all of your time and energy trying to locate a buyer, there are many companies that can do this for you. Companies like California Family Homebuyers will buy the house from you at a reduced price, and very quickly. California Family Homebuyers may be able to put a check in your hands as soon as one week after we agree to buy your property!

Simply fill out our form and tell us about your house, or just call us at (916) 907-6116 and let us know that you want to sell fast.

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