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Sell before Foreclosure Auction

If you owe less for your property, than it’s worth, we recommend not to go into the foreclosure, because it will harm your credit and you will not be able to obtain a conventional loan for 7 years. If you can’t make mortgage payments, many people try loan modification, which is a very time consuming process and based on our experience less than 5% of loan modifications get approved. Thus, we recommend to sell for cash or subject to existing loan balance to stop foreclosure.