Can You Sell a Home in Port Washington That’s in Foreclosure?

Short answer: Yes—but you’ll need to act fast and work with an experienced agent to avoid losing the home at auction.

If your Port Washington home is in foreclosure or you’ve fallen behind on payments, you still have options. Selling before the foreclosure process is complete can help you protect your credit, pay off the loan, and potentially walk away with equity.

Understanding Foreclosure in New York

In New York, foreclosure is a legal process that allows the lender to take back your property if you default on your mortgage. It’s typically judicial, meaning it goes through the courts.

Key stages:

1. Missed Payments – Lender sends notices after 30+ days late.

2. Pre-Foreclosure – You receive a lis pendens (notice of legal action).

3. Foreclosure Sale – Property is sold at auction if not resolved.

The sooner you act, the more options you’ll have.

Selling Before Foreclosure

If you have equity, you can sell your home and use the proceeds to:

• Pay off your mortgage balance

• Cover late fees, attorney costs, and other expenses

• Keep any remaining balance as profit

Eric Berman, REALTOR, can help you:

• Determine your home’s market value

• Market quickly to motivated buyers using the Compass Three-Phase Marketing Plan

• Negotiate timelines with your lender to allow for the sale

What If You Owe More Than Your Home Is Worth?

If your mortgage balance is higher than the home’s value, a short sale may be possible:

• Requires lender approval

• Lender accepts less than the total owed

• Can lessen the impact on your credit compared to foreclosure

Eric works with short sale specialists and attorneys familiar with Nassau County foreclosure procedures to streamline the process.

How Fast Can You Sell?

With the right strategy, homes in pre-foreclosure can sell in 30–60 days. Compass tools help accelerate the process:

• Private Exclusive to target serious buyers immediately

• Coming Soon to build urgency

• Live MLS Listing with wide exposure

Avoiding Common Mistakes

• Waiting too long to take action

• Ignoring lender communications

• Overpricing the home, leading to delays

Final Thoughts

You can sell a Port Washington home in foreclosure—but timing is critical. The earlier you involve a local expert, the better your chances of avoiding auction and protecting your financial future.

Eric Berman, REALTOR, has helped homeowners in difficult situations sell quickly and with dignity. He’ll guide you through the process from start to finish.

Facing foreclosure?
Contact Eric Berman today for a confidential consultation and market analysis.

Meta Description:
Can you sell a home in Port Washington that’s in foreclosure? Yes—learn how to act fast, avoid auction, and work with Eric Berman, REALTOR, to protect your equity.