You lost your income and the mortgage is the problem
A mortgage that was comfortable on two incomes, or on the job you had in March, can become the largest problem in your life very quickly.
The window where you still have options is wider than most people think, but it does close. Selling while you are current, or only a payment or two behind, leaves you in a far better position than selling after the notices start.
We've got it.
We'll review the property and get back to you within 24 hours with an offer. If you'd rather talk it through now, call us at (432) 296-5971.
What makes this hard
The parts that stall a normal sale
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Savings go first, then the mortgage
Most households cover a lost income from savings for a few months. The trouble is that when the savings run out, the fall is sudden rather than gradual.
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Refinancing needs the income you no longer have
The obvious fix is usually unavailable. Lenders qualify you on current income, so the moment you most need to refinance is the moment you cannot.
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Waiting narrows what you can do
While you are current you can sell normally. Once you are months behind with penalties added, the arrears come out of your proceeds and the timeline stops being yours.
Where we fit
What we can actually do about it
- You get a firm number quickly, so you can decide with real figures instead of guessing.
- No repairs and no commission, which matters when there is no money for either.
- You pick the closing date, so it can line up with wherever you are moving next.
- If there is equity above the payoff, that money goes to you at closing and gives you something to land on.
On every purchase, whatever the circumstances:
- No fees or commissions
- We cover closing costs
- Sold fully as-is
- No obligation
An offer within 24 hours. Closing in as little as 7 days, depending on the situation.
Questions
About this situation specifically
Should I sell, or try to hold on?
That depends on whether the income is coming back and how soon. If you have a job starting in six weeks, talk to your lender about forbearance before you talk to us. If there is no clear end to it, selling while you still control the timing usually beats selling after the bank sets it.
I am already a few payments behind. Is it too late?
No. Arrears are settled out of the sale proceeds at closing, the same as any other payoff. Being behind does not stop a sale, it reduces what is left over.
Will this hurt my credit?
A completed sale is not a foreclosure and is treated very differently. Missed payments already on your record stay there, but selling stops new ones being added.
Find out what we would pay
Tell us about the property and we will send a cash offer within 24 hours. If it does not work for you, turn it down.
Would rather talk to someone? Call (432) 296-5971.
Across 73 cities in 18 states.
We've got it.
We'll review the property and get back to you within 24 hours with an offer. If you'd rather talk it through now, call us at (432) 296-5971.