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Process Flow For Home Sold At Auction But Not Confirmed, Usually Min 30…
Process Flow For Home Sold At Auction But Not Confirmed
1. Home Sells At Auction
DO NOTHING
Sherrif Evicts You & You Lose Everything
TAKE ACTION
Homeowner Wants To Stay?
Homeowner Reverse Mortgage
Homeowner Becomes Tenant
Homeowner Buys Home From Auction Buyer
Conventional Transaction
Creative Finance Deal
Homeowner Redeems Home By Paying Off Debt
Homeowner Personally Brings Money
Homeowner Ask Family/Friends For Money
Homeowner Takes Additional Loan From 3rd Party "Intervener"
Homeowner Ready To Move On
Homeowner Sells Property Before Confirmation
Traditional On-Market Sale
Off-Market Cash Offer
HOME SALE LOGISTICS DIAGRAM
Do Nothing
Sherrif Evicts You
Usually Min 30 Days From Sale To Confirmation (Avg Time: 30 days)