If a house is in pre foreclosure do you have to do a short sale?


House is in pre forclosure and I dont want to do a short sale. Can i sell it as a regular sale, pay the bank and keep some profit for myself?

Related Topics:

  1. Why don’t home owners sell the house as a regular sale before foreclosure has to come? Aren’t they allowed to sell the house by themselves as a regular sale, before they cannot make payments to the bank, instead of giving the house to the bank and go bankrupcy? Are there any requirements to homeowners about when can they sell the house after buying it?...
  2. Is a short sale legit for a third party going to the bank with a house that is going into foreclosure? I was wondering if a 3rd party can really go to the bank with no credit check etc. and pay a low amount for cash on a property that is in or going into foreclosure. My landlord is letting the house go that route, and I wanted to know is...
  3. I live in New Mexico and my house is in foreclosure. Is a short sale a good option? My house is currently in foreclosure. Ive talked to the lenders Countrywide and they suggested I do a short sale. They said to try to sell it at a price comparable to what other houses in the neighborhood sell for. They said if it doesnt sell for that then keep...
  4. House going from short sale to foreclosure? Lets say a house is trying to be sold short sale and after a while the bank says enough is enough and they put it in foreclosure. Do they usually keep the price the same when they move it to foreclosure or do they change it?...
  5. Can I sell my house as a short sale with tenants living in it? I have a contract with a property manager who has the house rented until Feb. I have been told by the bank to sell the house as a short sale. Can I sell the house as a short sale or will it be forced into foreclosure?...
  6. What is a short sale on a house and how do they work? I am trying to buy a house that happens to be a short sale up in Pennsylvania. How does this work? Why do they call it a short sale? ok, now my other question is, suppose the house goes into foreclosure, would I still get the chance to buy it,...
  7. How long will I have to leave if my house is sold in short sale? We want to sell it in short sale,but what would happen? Can the bank just repo the house before the short sale takes effect ? How long will I have if I recieve an eviction notice? House in not foreclossure yet....
  8. How long does a bank allow a house to be a short sale before it forecloses? We have bid on a house that is and has been a short sale for a few months. We know that the seller is eager, and willing to negotiate. How long does he have to sell his house as a short sale before the bank will foreclose?...
  9. Foreclosure on house while its up for short sale? My parents house is on short sale and they have one buyer, but the foreclosure letter came today and said that the house will be up for auction in nine days. Where do they go from there? Do they have to leave if the house technically is for sale? Also,...
  10. Difference between short sale and foreclosure on my house? We owe more money than what our house is worth. My realitor is suggesting a short sale or a foreclosure, what is the difference? Which will hurt my credit less?...