Selling a house with negative or no equity

Selling a house with negative equity can be very easy if one is willing to use the technique explained here.

Houses with little or no equity can be a real hassle for the owner epically if they need to sell a house fast. The reasons to use the process described here are listed below.

 

 

 

 

• No need to bring any money to the closing.
• No out of pocket cost if we do the process for you.
• House sells quickly usually less than 60 days.
• No Real estate agent needed.
• Process is easy and fast.
• Protects or even improves your credit rating.

 

Next are other reasons to consider in deciding if this is the best process for selling a house with negative equity or just a little or no equity.

Most of this applies if you need to sell a house with negative equity to avoid foreclosure or other difficult financial reasons.

 

• Foreclosure is the worst possible negative for your credit rating and can take 10 years to overcome.
• Buyers that can get a loan will want better pricing causing you to have to bring money to the closing and pay the Real estate agents fee.
• Short sales are very difficult take a lot of time and more often than not end up in foreclosure either way it will destroy your credit.
• Just walking away, again this will end up in a nasty foreclosure sooner or later and destroy your credit.

 

So what is the best solution if you are in this type of situation, and need to sell a house with negative equity, or just in a bad financial crises and need to sell a house fast? The best answer is to use a a mortgage assignment where you a assign your mortgage to a buyer and they make the payments for you. Make no mistake here this is not a perfect solution but may be the best one for your situation epically if you need to sell a house with negative equity or one with little or no equity. Some of the problems can be:

 

• Buyer stops paying. Can be a problem but there are solutions most of the time.
• Banks due on sale clause. Rarely a problem Banks want their money especially in this economy
• Buyer is constantly late. Again there are safeguards for such a problem

If you would like more information about mortgage assignments please feel free to contact us or fill out the form on this site and we can get started right away.

 

Disclaimer: The information on this site is for informational purposes only and no guaranty or promises are made to the accuracy of the material contained on this site.

 

Von Marshall

801 580 4829

 

 

 

Tags: buyer, equity, foreclosure, house, mortgage assignments, nasty foreclosure, negative equity, real estate, real estate agent, real estate agents, sell house with negative equity, short sales