Selling Your House During Bankruptcy?

It might be possible to sell your house while navigating bankruptcy. The exact answer hinges on the specific type of bankruptcy request you submitted.

Homeowners filing for Chapter 13 will need to get approval from the court when selling a house during bankruptcy. If you are navigating a Chapter 7 bankruptcy, unpaid creditors could seize the funds you receive from the home sale.

Chapter 7 bankruptcy filers often choose to wait until after the final discharge to sell the property. The cash from the sale is far more likely to remain with you instead of ending up with unpaid creditors if you wait for the final discharge.

Wrapping up the sale of your house in most cases takes only three to thirty days when you skip the traditional market and instead sell straight to us.

Homeowners going through Chapter 7 usually need to wait 3-6 months following the final court discharge according the law, while Chapter 13 property owners are allowed to sell the moment the judge signs off on the repayment plan and then closes the bankruptcy.

The particular chapter you chose for your bankruptcy won't keep us from assisting you. We will help provide the documents of the sale for the judge's approval as well as manage the escrow documents. The closing charges rest on our shoulders rather than yours!

It's also possible to sell a house to avoid bankruptcy. Mortgage companies at times decide to accept a lower settlement figure only to drive that transaction over the finish line. Real estate professionals normally call this sort of transaction a “short sale.”

Banks typically prefer not to get a home. They want to see that loan cleared.

Banks are willing to cooperate with you to arrive at an acceptable arrangement so that you can close on the house before the mortgage holder forecloses on it. Hefty legal fees and holding expenses entirely disappear for the creditor when a sale closes.

Our company takes care of negotiating with your mortgage company so you can dodge foreclosure by choosing to sell directly to us. Halting this endless cycle of overdue penalties plus additional interest fees saves you a lot of time and money. Also, not having to cover all the closing expenses is just yet another benefit of choosing our team!

You are able to liquidate your property without fixing a thing when you choose to sell to our investors. Carrying furniture in and unpacking their things is usually all an average homebuyer aims to do, and so they look for turnkey properties.

Even if prospective buyers state they are open to fixer-uppers, they typically mean a property that requires minor repairs, rather than one dealing with major hazard damage or trouble with old polybutylene or lead pipes, elevated radon levels, or properties that have asbestos.

Our team smashes that house-buying pattern altogether. The particular issues you see below are really what we seek out while purchasing fixer-uppers.

1. Water Damage
2. Fire Damage
3. Roof Damage
4. Mold Damage
5. Foundation Damage
6. Structural Damage
7. Storm Damage
8. Termite Damage
9. Polybutylene Pipes
10. Lead-Based Paint
11. Septic Damage
12. Unpermitted Work
13. Lead Pipes
14. Asbestos
15. Hoarder
16. Radon

Any type of property, from prefabricated houses to multifamily properties, suits what we look for. Even undeveloped land is something we're interested in when you're ready to cash out.

1. Single-Family
2. Condominium
3. Townhome
4. Mobile Home
5. Duplex
6. Triplex
7. Fourplex
8. Land

Our expertise and our extensive experience mean the sale of your house will close fast. We have a long history of supporting property owners dealing with bankruptcy, or having filed for it, plus we promise:

1. You sell quick
2. You sell for cash
3. You sell “AS IS”
4. No extra expenses
5. No endless showings
6. No waiting months for a buyer