Property Sale

What this option is

If your property is worth more than the total debt, selling before the trustee sale is almost always superior to letting the auction proceed. A traditional sale protects your equity, avoids a foreclosure on your credit record, and gives you control over timing and relocation.

How it works

1. 1

   You establish current market value and confirm that sale proceeds will cover the payoff, liens, and closing costs.

2. 2

   You list the property and disclose the pending foreclosure timeline to your agent and to buyers.

3. 3

   Once an offer is accepted, escrow orders the payoff and coordinates directly with the trustee.

4. 4

   You or your agent requests a written postponement of the trustee sale, supported by the executed purchase agreement and escrow instructions.

5. 5

   At closing, the loan is paid in full, junior liens are cleared, and any surplus is disbursed to you.

Eligibility considerations

These are the factors servicers weigh. They are considerations rather than a guarantee, and investor rules vary by loan type.

• Equity sufficient to cover the payoff, all liens, commissions, and closing costs.
• Enough calendar time to market, accept an offer, and close before the sale date.
• Clear or curable title, including resolution of any judgments, tax liens, or HOA liens.
• Willingness to relocate, which is the core tradeoff of this option.

Required documents

Submit every page of every document. Incompleteness, not ineligibility, is the leading cause of denial.