If your house is heading toward a sheriff sale in Hilliard… This article is for you.
First things first… It’s important to know that time is critical right now.
At this stage, foreclosure has already progressed… Your name is likely already in the public records, and the lender has likely already been harassing you with collection efforts.
Right now, the lender is preparing to auction your home to the highest bidder
This can feel incredibly overwhelming and scary.
But here’s the truth:
You may still be able to stop the sheriff sale… if you act quickly.
Watch this quick video to learn how to avoid sheriff sale in Hilliard Ohio before it’s too late…
What Is A Sheriff Sale?
A sheriff sale is when your property is auctioned to the highest bidder after foreclosure. Many times the sale is just held online but sometimes the sale is live, in person, at the county court house.
At this point:
- The lender is trying to recover what is owed or at least as much as possible
- The property is publicly sold to the highest bidder. Often times the lender will bid also because they want to bid the price up as high as possible.
- You may lose ownership completely and have to vacate immediately if you’re still currently living in the house.
Can You Still Stop It?
In many cases… yes. But timing matters.
The sooner you act… the more options you have. Sometimes lenders can be slow or difficult to get ahold so beginning the process of contacting the lender as soon as possible is crucial.
Step 1: Understand Your Timeline
First, find out:
- Has a sheriff sale date been set? This information is typically going to be public record and also on the paperwork that the lender has been sending you.
- How many days remain? The countdown has begun. Time is of the essence.
- What is your payoff amount? Often times this is a bit of a moving target. When we are purchasing a house prior to the foreclosure sale, we rely on a title / escrow company to contact the lender and get the exact amount. That is typically the most accurate figure.
Step 2: Explore Loan Options
Depending on your situation, you may be able to:
- Reinstate the loan – This sounds good in theory but the reality is that if the homeowner had the money to reinstate the loan, they probably would have done it already.
- Enter a payment plan – This can work but it really depends on the lender.
- Modify the loan – This also can work but largely depends on the lender.
- Request temporary relief – There are some social programs out there offered through the government that could possibly provide some relief but ultimately this would be a temporary fix.
Step 3: Sell Before The Auction
For many homeowners… Selling before the sheriff sale is the most practical solution because if you sell you can pay off the loan completely and even put some money in your pocket if there is enough equity. This is why the sooner you act the better because as time goes and the fee’s keep adding up it is eating away at whatever equity you have in the house.
By selling before the auction:
- You can stop the foreclosure completely
- Pay off the lender what is owed
- Avoid the public sale all together
- Preserve any remaining equity and get paid
Many homeowners choose to work with cash home buyers in Hilliard Ohio because timing is critical and traditional sales often take too long.
A cash buyer is typically going to serve you better because they don’t have to get multiple inspections or appraisals like a traditional buyer using a bank/mortgage to buy the house.
Why Speed Matters
Many homeowners choose to sell their house fast in Hilliard Ohio to avoid the auction and move on. The faster you sell, the more potential equity you can salvage from the sale.
The faster you’re able to sell, the less fees and interest need to be paid to the lender so the lower your mortgage balance is going to be.
Selling As-Is Can Help You Move Faster
If your property needs repairs… You more than likely don’t have the money to do the repairs and quite frankly doing the repairs probably isn’t your best use of money anyways. It’s most likely better for you to use the money that you have to explore moving on to your next chapter in life, whatever that may look like… instead of using your money to fix up a house that still may not sell even after the repairs are made.
Here’s the good news… You can still move forward if you’re working with the right buyer.
Many homeowners choose to sell their house as-is in Hilliard Ohio to a cash buyer like us here at Sell House Columbus so they don’t have to fix anything before selling.
Where This Usually Starts
Most sheriff sale situations begin when homeowners fall behind.
If you haven’t already, it’s important to understand what happens when you are behind on mortgage payments in Hilliard Ohio so you can take action earlier in the process. The more time that passes the more this can negatively effect your credit and cost you more money.
If the situation has already escalated, you may also want to understand facing foreclosure in Hilliard Ohio and what options exist at that stage.
How Our Process Works
We keep things simple:
Step 1: Reach out to us HERE or call / text us at 614-300-5151
Step 2: We review your situation privately and discreetly right over the phone.
Step 3: You receive a fair cash offer. Fair, transparent, no haggling!
Step 4: We close on your timeline. You tell us when you would like to close!
No pressure… no obligations… no surprises.
Get Help Before It’s Too Late
If your house is approaching a sheriff sale in Hilliard…Don’t wait.
Contact us today to at least see what we can do. If we’re not a good fit to buy your house, we’ll find that out immediately and won’t waste your time. You have nothing to lose.
👉 Call or text 614-300-5151
👉 Or fill out the form HERE
Or learn more about how we buy houses in Hilliard Ohio
Listen to what other homeowners in Hilliard Ohio are saying about us (video below)
