If you’re behind on your mortgage payments, and don’t think that you’ll be able to afford them again for the foreseeable future, you might be looking to sell your home. But, can you sell your home while in default?
In this FAQ, we’re going to explore the topic of selling your home for cash while in default. If you have questions regarding this FAQ or want to speak with our team regarding AS-IS home selling and buying, please contact our team at 314-730-0366 or fill out this form here – Contact Us.
Can You Sell a Home with a Defaulted Loan?
The term ‘default’ refers to when a property owner doesn’t honor the terms and conditions of a contract between them and a mortgage lender. So, what does this mean if you’re trying to sell your home, but are in default? You can still legally sell your home as long as you’re not more than 120 days late on paying your loan. If you are, your lender will likely put your home into foreclosure and sell it to get the funds that you owed them. But even then, you can still take matters into your own hands and sell your home to a cash home buyer in St. Louis, pay your lender the outstanding balance, and move on. Are you interested in selling your home, but are in default? Read below for more information on selling your house as-is.
Ready to Sell Your Home As-Is? | Cash Home Buyers St. Louis
If you’re interested in selling your home to a St. Louis All-Cash Home Buyer, but your loan is in default, don’t worry. Evervest Home Buyers is a local favorite and has you covered. Our team has bought more than 700 homes and pride ourselves on helping local homeowners through the difficult process of selling their house, whether or not a mortgage is involved. We’ll provide you with an all-cash offer for your home in as little as a week and will make every effort to give you the most money for your home. If you’re interested in scheduling a consultation, and selling your home for all-cash, call 314-730-0366 or Contact Us today!