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Strategy to Stop Foreclosure - Sell the House

Aug 19, 2008
Are you about to lose your home, go through foreclosure, and destroy your credit? If so you're not alone. Countless families across the country today are dealing with the very same problem today.

Consider one family's story - the LaVan family. They had a beautiful two story home in a great neighborhood and things were going great. However, first Ted LaVan lost his job, which started them in a spiral downwards. Then the economy grew worse, interested rates skyrocketed, gas prices went up, and the LaVans found themselves on the brink of foreclosure, no longer being able to afford their payments. Right before they were to give up and go through with the foreclosure, they found help and decided to sell their home to prevent foreclosure.

When Should You Sell?
Yes, selling your home is just one of many strategies that can help you to avoid going through a foreclosure on your home. While it may seem difficult to sell your home, there are many reasons why you should. The following are four of the top things that will let know when you should sell your home.

- You Can't Afford the Payments
- You've Lost Interest
- You Don't Like Your Neighborhood
- The Home is a Liability

One thing that can help you realize that it is time to sell your home is that you can't afford the payments on the home any more. The last thing you want to end up going through is a foreclosure. A foreclosure could severely damage your credit, so you'll want to avoid it if at all possible. If you are falling further and further behind on your payments and you just can't make them anymore, then it's time for you to sell.

Another sign that you need to sell your home is if you have lost interest in your home or you just no longer have the desire to own this home. If you are frustrated with the home and you are not interested in it anymore, you may want to just give up and sell the home to avoid foreclosure. While you may want to fight a bit harder for a home you love, if you aren't thrilled with it anyway, why not sell it quickly so you can avoid the frustrating and damaging process of going through a foreclosure.

If you no longer like the neighborhood that your home is located in, this may be yet another sign that you should sell to avoid the foreclosure that is coming soon. A bad neighborhood can make you feel like you are uncomfortable within your own home, which can be so frustrating. In this case, why not go ahead and sell the home instead of going through a foreclosure.

Have you come to the place where you know your home is about to take you down financially? If so, the home may be more of a liability to you than it is an asset. If this is the case, it's time to sell. If the payments are too much to afford, you are afraid that foreclosure is on the horizon, and you are in danger of having your credit destroyed, then this is yet another sign that it's time to make the sale of your home.

Tips for Selling a Home Quickly
If you have come to the conclusion that this is the right time to sell your home because you can't afford it and it has become a liability that is leading you to foreclosure, no doubt you're going to need to sell quickly. However, in this time when the real estate market is down and the economy is not doing so well, it can be difficult to move homes quickly. The following are a few tips that can help you sell your home as quickly as possible.

- Tip #1 - Give Your Home Great Curb Appeal - First of all, if you need to sell quickly to avoid a foreclosure, you are going to need to give your home some great curb appeal. When people are looking at your home, the first thing they see is the front yard and front of your home. You want it to look great from the curb so they get a great first impression. Trim the lawn, get some great landscaping, and make sure the front of your home looks wonderful. Even adding a new front door can make it look better.

- Tip #2 - Clean Everything - You'll also need to make sure that everything is totally clean within the home. Clean the appliances, the bathroom, the floors, and even the closets as well. People want a clean home, and anything that is not clean is going to turn off potential buyers.

- Tip #3 - Get Rid of Clutter and Personals - Getting rid of clutter and personal items is important as well. You want the home to look spacious and you want potential buyers to envision their things in the home, not be distracted by your personal items. This is important if you want to sell before you get foreclosed on.

- Tip #4 - Make Sure the Home Smells Great - Last of all, the smell is so important as well. No one wants to live in a home that stinks. So, it is important that you eliminate all bad smells and make sure that the home smells great. Do some baking or light some candles for a nice homey smell.

Using these tips can help you to sell your home quickly if you are facing foreclosure. It can be difficult to sell during this time, but if you want to avoid foreclosure, you need to sell as soon as possible, so keep these tips in mind.
About the Author
Peter Baptiste is known as the Foreclosure Doctor Online. Feel free to visit his blog where he provides a wealth of information on a regular basis. http://www.foreclosuredoctoronline.com/2008/07/29/can-filing-bankruptcy-stop-foreclosure/
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