Sell a house with a couple of payments behind

Behind on Payments?

What happens if you are a behind on payments and you want to sell your house?

You likely know the stress of creditors calling you.

People get a couple of payments behind for a variety of reasons.  Some of those reasons are beyond your control:

• Job loss
• Medical crisis
• Divorce
• Military deployment
• Can’t afford a payment on an empty house after you’ve moved.

Here are 4 real simple answers when you are behind on payments  and you want to sell your house.

1.  Sell your house for cash to a qualified buyer.

We are cash buyers of houses.

When we pay cash for your house, those proceeds will pay off your existing mortgage.  Any loan payments that are behind, plus any late fees, 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.

Imagine what that relief would feel like.

You will have avoided a foreclosure and no longer would have to play catch up from being behind on 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.

From then on, the investor will take over the payments on your house.

We have done this as a solution for many sellers since we started our business in 2004.

The seller was behind on payments.

We reinstated the loan and took over the existing mortgage payments.

The seller moved and we renovated the house and resold it.

You will not have to worry about the paperwork as we handle it all.

We make sure we are compliant with the laws of the state of Virginia regarding taking over your mortgage payments.

3.  Short sale your house.

If you are behind on payments and owe more than your house is worth, 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.

4.  Lease option your house.

If you are a few payments behind, a lease option might be a good work out, provided that the loan gets caught up with funds received from the tenant buyers.

Talk with us to find out what we can do:

We have 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 804-719-1489 during regular business hours for a free no-obligation consultation.