Can I Sell My Home If I’m Behind on My Mortgage Payments?

Being behind on your house payments is an anxious and stressful experience. It can be the result of any number of issues, including foreclosure proceedings, job loss, medical emergencies, being simply overwhelmed by bills – or a combination of all three! 

If you’re in this situation and wondering what your options are, look no further – we’re here to provide insight into whether selling your home may be the best option for you if you’re facing financial hardship. 

So, pause the worrying and read on for answers to some questions about how you can succeed at selling your home even when it feels like everything else is failing.

Yes, you can sell your home even if you are behind on your mortgage payments with your lender.

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“Within hours after submitting my home information on their site I got a call back and an offer to my house. I ended up selling the house 2 weeks later. Thanks for taking the time to listen to my concerns and guiding me through this stressful time in my life.”

Daniel

Aurora, CO

CAN I SELL MY HOUSE IF I’M BEHIND ON MY MORTGAGE PAYMENTS?

Selling a House When Behind on Payments in Denver or Colorado

Selling a house can be a daunting task, especially when you’re facing the possibility of foreclosure due to your inability to keep up with mortgage payments. An upside down mortgage, tenants not paying, job loss, or the Covid-19 pandemic can all contribute to an overwhelming situation that leaves you feeling stuck. 

Fortunately, there are options available to help you avoid foreclosure and come out on top. One such option is to sell your house even if you’re behind on payments, which can give you the fresh start you need. 

Working with an experienced real estate agent who can navigate the complexities of selling a house under these circumstances is key. With the right guidance and a little bit of wit, you can take control of your situation and come out on top.

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“Fantastic Company, they were there to answer my many questions and they work quickly to resolve some lien issues that came up before closing. I will continue to use them in the future and also refer my friends and family to them.“

Julie

Centennial, CO

Sell To Cash Home Buyers Near You

Have you ever tried selling a home? It can be a real headache. Between finding a realtor, staging your property, hosting open houses, and negotiating with potential homebuyers, it can feel like a full-time job. 

But why put yourself through all that hassle when there’s a simpler solution? Cash home buyers are the light at the end of the real estate tunnel. Not only do they offer a fast and straightforward process, but they also cut out the need for expensive repairs or renovations. 

Plus, who doesn’t love the sound of cash in their pocket? So say goodbye to the headaches and hello to hassle-free house selling. 

Don’t take my word for it, try it out for yourself!

4 Steps Process To Selling a House to a Cash Home Buyer When Behind on Payments

 

Request a Cash Offer

Requesting a cash offer from a local real estate investor can be the perfect solution to un-tie the knot of an upside-down mortgage. Whether you have a fixer-upper or a turnkey property, investors are always on the lookout for good deals and they can offer you what you need at a price you won’t refuse. 

In order to request a cash offer you can do a quick search on Google for cash home buyers in my area. Next, you can visit their individual websites and fill out the property information form or give them a call.

Schedule a Home Walk Through

The cash buying investor will either need to schedule a walk through in person or set up a virtual walk through with you via Zoom. The purpose of the walk through is to allow the investor to checkout the property for any possible repairs.

Accept or Reject Cash Offer

If you accept the investors cash offer to buy your property then you will need to sign a purchase and sale agreement to make it official. If on the other hand, you reject the cash offer then you are back to square one.

Sign & Get Your Cash At Closing

The closing will either take place at a local title company or at a real estate attorneys office in person or mobile closing. At this stage you will need to review and sign the closing documents. Once all documents are signed the title company or attorney will either write you a certified check or send you a wire transfer to your bank account for your cash.

behind on my mortgage payments

Alternative Ways Of Selling Your Home If You’re Behind On Your Mortgage Payments

Short Sale

Let’s face it, no one wants to deal with the dreaded “F” word in real estate – foreclosure. It’s a headache just to think about it. 

Luckily, a short sale can be a helpful solution for homeowners who want to avoid foreclosure. So, what exactly is a short sale? In short (pun intended), it’s when the homeowner sells their property for less than what they owe on their mortgage. 

The lender agrees to take the loss instead of going through the lengthy and costly foreclosure process. Plus, the homeowner can potentially walk away with less damage to their credit. 

To sum it up, a short sale is like the firefighter to your burning house (or in this case, foreclosure risk). So, if you find yourself in a sticky situation with your mortgage, consider the option of a short sale.

List It With A Realtor

Selling your house fast isn’t just an act of desperation, sometimes life throws a curveball and you have to act fast. If you’re behind on your house payments & facing foreclosure, time is of the essence and you need a real estate agent who knows how to hustle. 

When listing your property for a quick sale, selecting the right real estate agent is key. You’ll want to look for someone with a go-getter mentality, a strong track record of selling homes quickly, and a team of resources that can help with everything from staging to marketing. 

The process of selling a home fast may seem daunting, but with the right realtor in your corner, you can avoid foreclosure and move on to your next adventure in no time.

Sell It Yourself, For Sale By Owner (FSBO)

Selling a house without a realtor can initially seem daunting, especially if you’re looking to avoid foreclosure or have fallen behind on mortgage payments. But fear not, as the for sale by owner (FSBO) process can actually be a rewarding experience! 

Not only will you save on realtor fees, but you’ll also have total control over the selling process. From setting the price to negotiating offers, it’s all in your hands. 

Of course, there are some key steps you should take to ensure a successful sale, such as prepping your home for showings and marketing it effectively. But with the right mindset and a little elbow grease, you’ll be well on your way to a profitable FSBO sale.

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Mortgage Forbearance

Ah, mortgage forbearance, the delightful escape hatch for homeowners in financial straits. This little grace period essentially puts your payments on hiatus, giving you time to get back on your financial feet without the threat of foreclosure hanging over your head like a bad dream. 

The benefits are obvious: you buy yourself time to catch up on payments, that way you can avoid foreclosure and keep your home. 

Remember, a foreclosure isn’t just a bummer for your credit score, it’s a wholehearted bummer for your sense of security and your ability to provide a safe space for yourself and your loved ones. 

So, if you’re behind on mortgage payments, consider a mortgage forbearance your ace in the hole.

Deed-in-Lieu of Foreclosure

Picture yourself in a beautiful home, with a white picket fence, a garden full of blooming tulips, and a cozy fireplace to keep you warm on cold winter nights.

Sounds idyllic, doesn’t it? 

But what happens when you fall behind on your house payments and foreclosure looms? Enter the Deed-in-Lieu of Foreclosure, a shining star in the housing industry. 

You see, this legal agreement allows you to transfer ownership of your home to your lender, and in return, they forgive your outstanding mortgage debt. It’s a win-win situation – you avoid the gut-wrenching process of foreclosure, and the lender gets their money back without the hassle of the foreclosure process. 

So, if you find yourself drowning in mortgage payments, consider the Deed-in-Lieu of Foreclosure as a viable option – your white picket fence will thank you!

Apply For Loan Modification

Ah, the dreaded “F” word: foreclosure. It’s a nightmare scenario for homeowners who have fallen behind on their mortgage payments. But fear not, there is a lifeline available – a loan modification. 

A loan modification is essentially a renegotiation of your loan terms with your lender, aimed at making your payments more manageable. It can lower your interest rate, extend the length of your mortgage, or even reduce the principal you owe. 

It’s a game-changer for homeowners who are struggling to keep up with their payments and want to avoid the big “F” (foreclosure, that is). Don’t let the uncertainty of foreclosure hang over your head when a loan modification can bring relief and a brighter financial future.

can i sell my house if i'm behind on my house payments

File Chapter 13 Bankruptcy

Let’s address the elephant in the room – bankruptcy. It’s a scary word that makes most of us run for the hills. But what if I told you that there’s a type of bankruptcy that could actually help you keep your home? 

Chapter 13 bankruptcy is like a superhero in a cape, swooping in to save your house from foreclosure. It’s designed for those who are behind on their mortgage payments but still have a steady income. 

Basically, you work with a bankruptcy attorney to create a debt repayment plan that fits your budget. This plan will span three to five years, and during this time, you’ll be making structured payments to get back on track. 

The beauty of Chapter 13 is that it allows you to avoid foreclosure and keep your home while also becoming debt-free. So let’s forget the stigma of bankruptcy and embrace the superhero that is Chapter 13.

Can You Sell a House When You’re Behind on Your Mortgage Payments?

You see, while it may not be the ideal situation, it is entirely possible to sell your home even if you’re a few payments behind with your lender. In fact, selling your home could be the solution you never knew you needed. 

Not only can it help you avoid foreclosure and salvage your credit score, but it could also put some cold hard cash in your pocket. So, if you’re struggling to keep up with your mortgage payments, consider exploring your options and finding a buyer who can help you start fresh. 

Remember, when life gives you lemons, sell your home and move on up.

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At The End of The Day

Selling your Denver home can be a more straightforward process than you think– especially if you are behind on payments. The key is just to educate yourself and take action when the time is right. 

Imagine a brighter tomorrow: being in good financial standing, sitting back in the comfort of your own home knowing that you have taken care of your debt and at the same time found a way to sell it. 

All this and more is possible when you decide to work with experts who handle sales of homes behind on payments every day! So why not take that first step today and reach out? 

Regardless of your situation, you can sell your home even if you are behind on your mortgage payments in Denver or Colorado – don’t wait any longer.

Are thinking about selling your Colorado property? We would love to make you a no-pressure cash offer.

Get a fair all-cash offer for your house today by filling out the form below or by going here to a your instant cash offer. 

You really have absolutely nothing to LOSE!!!

 

FAQs About Selling A House When You’re Behind on Your House Payments

Can you list your house if you are behind on payments?

Yes, you can list your home with an agent or a MLS flat fee listing service even if you’re behind on your payments.

How many missed payments before foreclosure?

After three missed payments the loan goes into default and most lenders will begin the foreclosure process on your property.

Do I need to tell my mortgage company if I sell my house?

No, because prior to closing the title company or closing attorney will notify the lender when they request the loan payoff statement.

Can you sell during a loan modification?

Yes, you can sell your home during a loan modification but it will need to be after the loan modification is finalized (after the trial period) with the lender.

I honestly never thought that selling a fire damaged house would’ve been so easy, fast and stress free..

Charles

Denver, CO

Are You Ready To Sell Your House as-is For Cash in Colorado?

We BUY houses in Denver and throughout Colorado fast, no matter the amount of work it needs.

Remember, we renovate (rehab) houses for a living and so the dirtier, the better. We love putting our skills to the test.

We can buy your house today. It doesn’t matter your situation or the condition of the property.

We can help you.

It costs you absolutely nothing to get a no-pressure firm cash offer from us!

Don’t forget to head over to our “How It Works” page to learn more about our quick cash home buying process of exactly how we buy houses as-is for cash. If you still have questions check out our “FAQ“. Also, don’t forget our “Reviews“, and “About Us” pages.

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“EXCELLENT!! Very friendly and accommodating.”

Jennifer

Aurora, CO

Resources For Selling Quickly For Cash

“I had an excellent experience, and recommend any person that needs to sell, to call them. I have no complaints. Everything I was told it was going to happened, it happened. Exact date, like I was told. Thank you!”

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We are a real estate investment company that buys, rehabs, and then sells houses at a profit. Offers are made to sellers based on fair market value and repairs needed. "NeedToSellMyHouseFastinDenver" will do everything possible to bring forth the highest possible offer to give the seller the most benefit from dealing with a fast sale.

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