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Can I Sell My Houston Home If I’m Behind On My Mortgage?

This article discusses the difficulties faced by Houston homeowners who are having difficulty making their monthly payments. 

We’ll show you how it’s possible to sell your home quickly for cash to avoid foreclosure.

Let’s look at the key question…

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

If you’re behind on your mortgage payment(s), you may be wondering if you can still sell your home. 

The simple answer, yes! You can sell your home even if you’re behind on payments, up until the last minute.

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

Selling Your Home to Avoid Bankruptcy

Selling Your Home When You’re Behind on Your Mortgage

There are several options available when you’re behind on your mortgage payments, including loan modification, mortgage forbearance, repayment plans, and short sale. 

If you’re behind on your mortgage payments, you may be able to sell your home to pay off your mortgage loan. 

However, if you owe more on your mortgage than your home is worth (a short sale), you may need to consider other options such as a loan modification or mortgage forbearance.

If you decide that selling your home is the best option, there are a few things to keep in mind:

  • Work with a real estate agent: A real estate agent can help you navigate the home sale process and ensure that you get the best possible price for your home. However, most people who are behind on payments may desire to sell without a Realtor.
  • Understand your mortgage balance: Before you sell your home, make sure you understand how much you owe on your mortgage loan. This will help you determine how much you need to sell your home in order to pay off your loan, including back payments.
  • Consider a short sale: If you owe more on your mortgage than your home is worth, you may need to consider a short sale. In a short sale, your mortgage servicer agrees to accept less than the full amount owed on your mortgage loan.
  • Be aware of the foreclosure process: If you’re behind on your mortgage payments, you may receive a foreclosure notice from your mortgage lender. It’s important to understand the foreclosure proceedings in your state and how it may impact your ability to sell your home.
  • Consider working with a real estate investor: A real estate investor may be able to help you sell your Houston house fast for cash, allowing you to avoid the foreclosure process and move on with your life.

Wondering if you can sell your house while in bankruptcy? Read here.

Behind on Mortgage Payments? Avoid The Foreclosure Nightmare.

What Happens If I Receive a Foreclosure Notice?

If you receive a foreclosure notice, it’s important to act quickly. You may have a limited amount of time to respond to the notice and take action to avoid foreclosure.

Foreclosure Process

If you’re facing foreclosure, it’s important to understand the foreclosure process. When you fall behind on your mortgage payments, your mortgage company will send you a notice of default. 

This notice will give you a certain amount of time to catch up on your missed payments. If you don’t catch up, your mortgage servicer will send you a notice of acceleration, which means that the entire loan balance is due. 

If you still don’t catch up on your payments, your loan servicer will begin the foreclosure process.

If you receive a foreclosure notice, it’s important to act quickly. Depending on the state you live in, you may have a limited amount of time to respond to the notice and take action to avoid foreclosure.

If you’re unable to sell your home or work out an alternative solution with your mortgage servicer, the foreclosure process will continue. This can have serious consequences for your credit score and your ability to obtain credit in the future.

At PPS Housebuyers, we understand that facing foreclosure can be a difficult and stressful experience. That’s why we’re committed to helping homeowners in Houston and the surrounding areas avoid foreclosure and get back on track financially. 

Contact us today to learn more about how we can help you sell your home fast and get the cash you need.

Selling your home quickly and without difficulty can be a great solution for those who are delinquent on their mortgage payments. With professional assistance, you can get the most out of selling your home fast in Houston.

When you’re behind on your mortgage payments, the threat of foreclosure can be a constant source of stress. Fortunately, finding a cash buyer is one way to avoid this devastating outcome and protect your credit score. This assumes you can find the right one, and that the cash buyer is trustworthy.

The Benefits of Selling Your Home Behind on Payments

  • Maintain control: By choosing to sell your home before it’s foreclosed upon, you maintain control over the process and can make decisions that are best for you and your family.
  • Protect your credit: A foreclosure can have a significant negative impact on your credit score. Selling before this happens helps preserve your financial future.
  • Faster resolution: The foreclosure process can take months or even years. When you work with a real estate investor like PPS Housebuyers, you’ll get a quick cash offer so that you can move forward sooner rather than later.

Tips for Successfully Selling Your Houston Home with Missed Mortgage Payments

  1. Contact us as soon as possible: Please don’t wait! The earlier we know about the situation, the more time we’ll have to help prevent a potential foreclosure from happening.
  2. Gather important documents: Make sure all relevant paperwork (mortgage statements, property tax bills) is readily available when working with our team.

Professional Home Assistance When You’re Behind on House Payments

At PPS House Buyers, our experienced team of professionals will guide you through the entire process to ensure a smooth transaction when selling a house with missed payments.

No Hassle Process

Our no-hassle process involves just a few straightforward steps:

  1. Contact Us: Reach out to us by phone or through our online form, providing some basic information about your property.
  2. Property Evaluation: We’ll schedule a time for one of our experienced team members to visit your home in Houston and evaluate its condition.
  3. Cash Offer: Within 24 hours of the evaluation, we’ll present you with a fair all-cash offer based on local market conditions and the state of your property.
  4. Sell Your Home Fast: If you accept our offer, we can close on your timeline – often within just seven days. You won’t have to worry about making any repairs or dealing with lengthy paperwork; or making another payment. Leave it all up to us.

Expert Knowledge

Our team has extensive knowledge of the Houston real estate market, which allows us to provide accurate valuations for homes in various conditions. We possess the know-how to create customized solutions that maximize a homeowner’s return on their property sale.

Negotiation Skills

Selling a home when you’re behind on payments can be challenging, but our skilled negotiators work tirelessly with your lender and other parties involved in the transaction. 

This ensures that all parties are satisfied with the outcome while minimizing any potential legal issues or delays during closing.

Paperwork Management

  • Title Transfer: Our experts handle all aspects of transferring title ownership from seller to buyer, ensuring proper documentation and filing with local authorities.
  • Mortgage Payoff: We coordinate with lenders regarding mortgage payoff amounts and timelines, helping homeowners avoid further financial complications due to late payments or foreclosure proceedings.
  • Closing Coordination: Our team works closely with escrow agents and attorneys throughout closing procedures for the seamless execution of final documents and disbursement of funds as required by law.

Need to Sell Your Houston House Behind on Mortgage? 

We buy in current condition, even if you’re behind on payments.

PPS House Buyers buy homes “as-is” – meaning there’s no need to worry about fixing anything up before selling. This saves both time and money while still getting a competitive price for your home.

We understand that financial hardship can happen to anyone, and we’re here to help you get back on track by offering a quick and easy solution. We provide fast cash offers for homeowners who are behind on their mortgage payments. 

As professional investors, our team of experienced professionals will assess the value of your property and present a fair offer based on its current market value. 

This means no waiting around for potential buyers or dealing with lengthy negotiations, and no closing costs – just a straightforward transaction that puts money directly into your pocket.

And gets you out of that foreclosure nightmare.

The solution is simple. Sell your home “as-is!” before that next missed payment. Get cash fast and keep as much equity as possible. 

Our friendly and knowledgeable team will guide you through the process, ensuring a smooth transaction that gets you cash for your home quickly in Houston.

Call Us Today!

Final Thoughts on Selling Home with Missed Mortgage Payments

If you’re a Houston homeowner struggling with missed mortgage payments and the possibility of foreclosure, there are alternatives accessible to you. 

Selling your home can be a viable solution to avoid foreclosure and get cash quickly. With the help of professional assistance from real estate agents or investors, you can navigate the process smoothly without any hassle.

At PPS House Buyers, we understand that financial difficulties can arise unexpectedly. That’s why we offer our services to help homeowners sell their homes fast for cash. 

Get started now with selling your home before it’s too late! 

Better yet, give us a call now at 281-306-5055

FAQs When Faced with Mortgage Default in Houston

How many months can you be behind on your mortgage in Houston?

In Texas, lenders typically wait until homeowners are at least 120 days delinquent (about four months) before initiating the foreclosure process. It’s essential to act quickly if you’re falling behind on payments to avoid potential legal action from your lender. Learn more about the Texas foreclosure timeline here.

Can I sell my house to avoid foreclosure?

Absolutely. Selling your residence behind on payments is a viable choice for avoiding foreclosure and preserving your credit rating.  This way, you maintain control over its sale instead of letting it go and losing all your equity.

Can you sell equity in your house?

Yes, it is possible to get your equity out of the house. It’s important to act quickly. Texas mortgage lenders typically wait until homeowners are at least four months delinquent before initiating the process, so you need to respond to this situation sooner rather than later.

Why Sell to PPS House Buyers?

Want to sell your property quickly and easily? We buy land and houses for cash, in any condition, regardless of your situation. We can help with inherited homes, liens, rental properties, or foreclosures. We go above and beyond to extend additional services that will improve your home selling experience and ensure you have more money at closing.

Find out what makes PPS House Buyers the best choice for selling your house today.   GET STARTED 

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