Can I sell my house if I am behind on payments or in foreclosure in Spokane?
Yes, as long as the foreclosure sale has not already happened. In Washington, a nonjudicial foreclosure takes months from the first missed payments to the trustee's sale, and you keep the right to sell until that sale date. Horizon Home Buyers can make a cash offer within 24 hours and close in as little as 7 days, pay off the lender through the title company, and put any remaining equity in your pocket instead of losing it at auction.
Foreclosure moves on the lender’s calendar, not yours. The good news is that in Washington the calendar is long enough to sell if you act.
How the Washington timeline works
Most Washington home loans foreclose nonjudicially under the deed of trust. The lender must send a notice of default and, later, record a notice of trustee’s sale that sets the auction date at least 120 days out. Washington’s Foreclosure Fairness Act also gives many owner-occupants a right to mediation before that notice. Our guide to four ways to stop foreclosure in Washington covers the options in detail.
Why a cash sale works when a listing does not
A retail buyer needs 30 to 45 days for financing and can walk away after inspection. If the trustee’s sale is six weeks out, that is a gamble. A cash sale to Horizon Home Buyers can close in about a week, the title company pays the lender directly from the proceeds, and the foreclosure stops because the loan is paid.
What if I owe more than the house is worth?
Tell us. Sometimes the numbers still work, and sometimes the honest answer is that a short sale or lender workout is the better path. We will tell you which, and there is no fee for the conversation. Selling before the auction also avoids a completed foreclosure on your credit report, which typically hurts more and longer than a sale.
What to do today
Do not wait for the notice of sale. Call 509-383-3034 or submit the form, and have your most recent mortgage statement handy so we can size up the payoff.