How to Sell My House Before It Goes to Auction
You can sell your house before it goes to auction in California, and doing so is almost always better than letting the foreclosure proceed. Acquily specializes in buying homes from homeowners facing auction and can close in as few as 14 days.
In California, the foreclosure timeline works like this. After you miss 3 to 6 months of payments, the lender files a Notice of Default with the county recorder. You then have 90 days to cure the default. If you do not, the lender files a Notice of Trustee Sale, which sets an auction date at least 21 days later.
You can sell the home at any point before the auction takes place. Even after the Notice of Trustee Sale has been filed, you still have the right to sell. The key is acting quickly because the clock is ticking.
Here is why selling before auction is better. At auction, the opening bid is typically the amount owed on the mortgage plus fees. If the home has equity above that amount, it may sell for more, but you have no control over the process. If the home does not sell at auction, it becomes bank-owned (REO) and you lose the property entirely.
When you sell before auction, you control the process. You can negotiate the price, choose the closing date, and potentially walk away with cash. Even in situations where you owe more than the home is worth, a short sale before auction is better for your credit than a completed foreclosure.
Acquily can move faster than most buyers because we buy with cash and do not need lender approval for financing. If your auction date is approaching, contact us immediately. We have closed deals with as little as 10 days before the scheduled auction.
Do not wait until the last minute. Every day counts when you are facing foreclosure. Contact Acquily today for a free, no-obligation cash offer.
Frequently Asked Questions
How close to the auction date can I still sell?
Technically, you can sell up until the auction takes place. However, we recommend contacting Acquily at least 14 days before the auction date to ensure enough time to close.
Will selling before auction stop the foreclosure?
Yes. Once the mortgage is paid off through the sale, the foreclosure is dismissed. The auction is cancelled and the process is complete.
What if I owe more than my house is worth and the auction is coming?
Contact Acquily immediately. We may be able to negotiate a short sale with your lender before the auction date. A short sale is much better for your credit than a foreclosure.
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