Pre-Foreclosure Properties

We understand the special needs of those homeowners or their representatives facing a pre-foreclosure sale. This difficult time need not be made more difficult by a cumbersome or confusing sales process. We work with our clients in this sensitive circumstance to accomplish the following:

• Notify bank of good-faith effort to satisfy loan
• Screen speculative offers
• Intervene with unsolicited offers
• Accelerate pricing and marketing

Are you or - someone you are representing - considering a pre-foreclosure sale? If so, contact us by filling out our form or call 718-874-2877 or 914-661-0340.

The Basics about Pre-Foreclosure

One of Key Real Estate Services' specialties is closing sales for pre-foreclosure residential properties. A pre-foreclosure property is a property whose loan is ready to default. Late payments or an overall inability to pay off the loan can result in the lender seizing the property for a sale in an auction. Not only can the borrowers lose their home, but they can damage their credit.

We recommend that owners facing pre-foreclosure should work with a real estate professional who understands the inner workings of the industry. The owner should be cautious of solicitors who offer to “take the property off their hands.” Although this situation can seem like a heavy weight being lifted, the solicitor may buy the house for a very low price, only to profit from an advantageous resale.

Key Real Estate Services is bound by professional ethics to sell your residential property at realistic, competitive market value. Key Real Estate Services is also unique in this niche market because of its extensive and considerate network of professionals who provide support services such as home repair, alternative home options, and financial planning.

The Pre-Foreclosure Sale Process

If you choose to engage Key Real Estate Services, the first step in the sale is initiating good-faith correspondence with your lending bank. We then proceed with an accelerated sale of the property. On your behalf, we screen speculative offers and intervene with unsolicited offers. Our pricing strategy is proven to minimize the marketing period and maximize sale income. Throughout the process we remain sensitive to the homeowner and family's vulnerability.

Tips for Homeowners Facing Mortgage Foreclosure

If you are a homeowner who has had trouble keeping up with mortgage payments, you should figure out if a sale is the best solution for you. Explore your options! We at Key Real Estate Services would be happy to hear from you and offer a possible resolution. Contact Us or call 718-874-2877 or 914-661-0340.