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 Charlotte.
Assessment
The first thing you can do if you are upside-down on your mortgage in Charlotte is to get a realistic picture of where you stand. Then, contact your lender for the amount owing on the mortgage and schedule a professional appraiser so that you’ll work with exact numbers.
Professional buyers like those at JMS Home Buyers LLC want you to make an educated decision about your future, so they’ll compare what you could earn from listing vs. our offer to buy your house directly as-is for cash, and you can skip the prep, cleaning, and repairs. At JMS Home Buyers LLC, our professional buyers provide all the details used to calculate our offer because we want you to agree it is fair and feel good about working with us long after closing.
Short Sale
Naturally, you want to try every option if you are upside-down on your mortgage in Charlotte; while a short sale has some consequences, they don’t compare to the fallout from claiming bankruptcy or a foreclosure on your credit record. Professional buyers like those at JMS Home Buyers LLC are highly seasoned negotiators who can work out a short sale with your lender. A direct sale to one of our professional buyers at JMS Home Buyers LLC makes it easy to solve your home selling troubles in Charlotte.
Pay the Difference
Another thing you can do if you’re upside-down on your mortgage in Charlotte 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 Charlotte house to professional buyers like those at JMS Home Buyers LLC, you’ll get a fair value and won’t pay any hefty real estate commissions. At JMS Home Buyers LLC, our professional buyers operate with total transparency. At JMS Home Buyers LLC, 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 JMS Home Buyers LLC about selecting the best calendar date for your closing.
At JMS Home Buyers LLC, our professional buyers are the best option if you are upside-down on your mortgage and need to sell. At JMS Home Buyers LLC, 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 JMS Home Buyers LLC, we are your neighbors who live and work alongside you, and we are proud of the work we do helping Charlotte 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 JMS Home Buyers LLC for yourself without obligation? Call JMS Home Buyers LLC at 704-707-6016.