Sell a house with a couple of payments behind
What happens if you are a few payments behind and you want to sell your house?
Here is a real simple answer when your payments are behind and you want to sell you house
1. Sell your house for cash to a qualified buyer.
When that buyer pays for your house, those payments that are behind on your house will be added into the payoff statement. Your loan would be paid off in full. You sell your house, and you no longer have payments.
2. Sell your house to an investor who takes over payments.
In this situation, the investor and you agree as to who will make up the back payments, and from then on, the investor will take over the payments on your house. How you will handle any equity position you may have will be determined at that time.
3. Work with us for Loan Modification to keep your house.
Using our team of attorneys, they can attempt to arrange for a loan modification. Most homeowners who try, according to published statistics, either fail to get a modification, or fail the terms of the modification. The attorneys that we use boast a higher success rate of getting them done, and at a level that allows you to keep up your payments.
In this situation, your bank will likely add your missed payments to the principle balance of the loan.
4. Short sale your house.
If your payments are behind and you want to sell your house that has zero equity, a short sale might be another solution. We have done short sales and they are not easy. But they are a solution.
In this situation, your missed payments are taken care of in the negotiations.
Talk with us to find out what we can do:
We’ve been buying house for cash for over 5 years or buying houses for cash spread out over time (terms). We buy your house for cash only if it works for you and I.
Get our offer within 24 hours, no matter in the United States where you are. Or simply call 804-915-475 during regular business hours for a free no-obligation consultation.
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