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 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 CA.
The first thing you can do if you are upside-down on your mortgage in CA 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 H&M Realty Group 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 H&M Realty Group, 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.
Naturally, you want to try every option if you are upside-down on your mortgage in CA; 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 H&M Realty Group are highly seasoned negotiators who can work out a short sale with your lender. A direct sale to one of our professional buyers at H&M Realty Group makes it easy to solve your home selling troubles in CA.
Pay the Difference
Another thing you can do if you’re upside-down on your mortgage in CA 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 CA house to professional buyers like those at H&M Realty Group, you’ll get a fair value and won’t pay any hefty real estate commissions. At H&M Realty Group, our professional buyers operate with total transparency. At H&M Realty Group, 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 H&M Realty Group about selecting the best calendar date for your closing.
At H&M Realty Group, our professional buyers are the best option if you are upside-down on your mortgage in CA and need to sell. At H&M Realty Group, 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 CA house. At H&M Realty Group, we are your neighbors who live and work alongside you, and we are proud of the work we do helping CA 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 H&M Realty Group for yourself without obligation? Call H&M Realty Group at 949-625-4533.
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