Is It Possible To Sell Your House While In Forbearance?
Every once in a while in life, it is expected that you will face financial disruptions. A perfect example is the year 2020 when the pandemic has disrupted a lot. This has brought problems to several homeowners.
However, as the pandemic continues to jolt the economy, the government has put up a forbearance program. This program is meant to help homeowners with government-backed-up mortgages.
So to answer the question, “can I sell my house while in forbearance?” YES, you can. But first, let’s understand what forbearance means.
What Is a Mortgage Forbearance?
It is a program meant to help homeowners in case of a short-term financial crisis. In this case, the Covid-19 pandemic. It has caused some homeowners to pause their mortgage payments briefly. Mortgage forbearance terms may differ.
Ultimately, it depends on the type of mortgage you have. Whether a government-sponsored mortgage or privately owned, you have to inform your lender before you stop pausing on payments or going into forbearance.
How Do I Sell My Home While in Forbearance?
Like I mentioned earlier, YES, you can sell your house while in forbearance. So, how is this possible? In such circumstances, after the sale of your home, the balance forfeited becomes payable. Here is where we come in.
Apart from being the largest home-buying solutions service in South Florida, we offer fast solutions to all homeowners facing real estate problems. It matters not if your home looks like a shack or whether you are facing eviction. We, the Cash Buyers Network, will close in on the matter ASAP!
So Why work with the pros?
There is always that quest to sell your house at a fair price. Thus, We fully understand your needs. Also, our able team sorely focuses on solving real estate problems fast. We proudly offer unmatchable fair prices and at a fast turnaround time. It matters less whether you face mortgage issues, probate, title issues, code evictions, inherited, ugly house, expensive repairs, or you have trouble selling your home.
Our Cash Buyers Network team in Florida ensures that:
- You get a 100% personalized offer based on your needs.
- We close the deal fast (a few weeks or less)
- You receive an immediate cash offer with no obligations on the house.
- You get a hustle-free process because our systems are straightforward.
- There are no extra costs like taxes, insurance costs, and utility payments. That’s because we sell your property fast.
- You may sell your house to us the way it is. That means no requirements for repairs as we buy the property in its current situation.
- If you’re selling your house to us, you’ll get free moving services.
Bottom line, we have helped thousands of homeowners sell their homes in South Florida, and for a reasonable price. Therefore, you need to stop waiting for that magical buyer to appear now. Instead, take the required action and call us for a fantastic cash offer on your home. Alternatively, you can fill out our form with your information, and we shall get in touch with you the soonest as possible. We close the Deal-You win!