Whether you overpaid for the property in a bidding war, you’ve fallen behind on mortgage payments, or property values have dipped, being upside-down on your mortgage or owing more than the current market value is a less-than-ideal situation for homeowners. If circumstances force you to sell your house due to foreclosure instead of waiting out a market turnaround for values to rise, you may feel backed into a corner. Understandably you don’t want to make a costly misstep when faced with this dilemma, so exploring your options is helpful.
With so many decisions ahead, being fully informed and weighing the benefits of each will help you feel confident in the action you take. So read on as we explore four things you can do if you are upside-down on your mortgage in Jacksonville NC.
Assessment
The first thing you should do if you are upside-down on your mortgage in Jacksonville NC is to get a clear, realistic picture of your financial situation. Start by contacting your lender to confirm the exact amount owed on your mortgage, and then schedule a professional appraisal to determine the current market value of your property. This will give you a precise understanding of where you stand and help you make informed decisions moving forward.
Professional buyers like those at Easy Day REI - I BUY NC want to ensure you have all the information needed to make an educated decision about your next steps. We will provide you with a detailed comparison of what you could potentially earn from listing your home traditionally versus our direct offer to buy your house as-is for cash. The best part? You can avoid the time-consuming prep work, cleaning, and costly repairs that are often required when listing a home. At Easy Day REI - I BUY NC, we believe in transparency, so we provide you with all the details that went into calculating our offer. Our goal is for you to feel confident that our offer is fair and reasonable, allowing you to make the best decision for your future. We understand the emotional and financial challenges that come with selling a home, and we want you to feel good about working with us long after the sale is complete.
Short Sale
Naturally, if you are upside-down on your mortgage in Jacksonville NC, you’ll want to explore every available option to avoid the more severe consequences of foreclosure or bankruptcy. While a short sale does come with its own set of challenges, it typically has far less of an impact on your credit than a foreclosure or bankruptcy, which can leave long-lasting marks on your financial record. A short sale allows you to sell your home for less than what you owe, with your lender’s approval, helping you avoid the devastating effects of foreclosure while potentially eliminating some of your outstanding debt.
Professional buyers like those at Easy Day REI - I BUY NC are highly skilled negotiators with extensive experience working directly with lenders to secure approval for a short sale. We can guide you through the process, handling the negotiations with your lender and ensuring that everything goes smoothly. In many cases, we can help you resolve the situation without the emotional and financial toll of a lengthy listing or the risks of foreclosure.
If you’re looking for a more straightforward solution, a direct sale to one of our professional buyers at Easy Day REI - I BUY NC is an excellent option. We make it easy to solve your home-selling troubles quickly, with no need for repairs, showings, or delays. Our process is simple, transparent, and stress-free, allowing you to move forward and put your financial concerns behind you without the uncertainty of traditional home-selling methods.
Pay the Difference
Another thing you can do if you’re upside-down on your mortgage in Jacksonville NC is to sell the property and bring the amount owing to the closing table to pay off the remainder of the mortgage. With a direct sale of your Jacksonville NC house to professional buyers like those at Easy Day REI - I BUY NC, you’ll get a fair value and won’t pay any hefty real estate commissions. At Easy Day REI - I BUY NC, our professional buyers operate with total transparency. At Easy Day REI - I BUY NC, there are no hidden fees, and because of our full-service in-house team of industry specialists, you won’t pay any closing costs, and we can provide you with a fast, guaranteed closing day. Or talk to your professional buyer from Easy Day REI - I BUY NC about selecting the best calendar date for your closing.
At Easy Day REI - I BUY NC, our professional buyers are the best option if you are upside-down on your mortgage and need to sell. At Easy Day REI - I BUY NC, our professional buyers stop everything and listen to sellers to help find the best resolution for your situation. Feel free to ask us any questions or express any concerns you may have about the process of a direct sale of your house. At Easy Day REI - I BUY NC, we are your neighbors who live and work alongside you, and we are proud of the work we do helping Jacksonville NC sellers with unique and individualized solutions, one seller, one property at a time. So why learn more about the difference a direct sale of your house can make by talking with a professional buyer from Easy Day REI - I BUY NC for yourself without obligation? Call Easy Day REI - I BUY NC at (516) 444-0840.