Having no or little equity in your house is a prevalent problem in the Huntsville. While this might not affect you too much while you are living in your house, it may become a huge headache when selling. If you have no or little equity, selling your Huntsville house for cash isn’t possible because you owe more than your house is worth.

Furthermore, you are not ready to just ‘walk away’ from your Huntsville house and your home loan payments because your bank will haunt you for up to 7 years on your credit report after your house is foreclosed! If for any reason you cannot afford your home loan, we can help you in just 1-2 weeks by using a process called a lease option.

A lease option is perfect when you have little equity and can no longer afford to pay your loan. The reasons for not having the ability to pay your mortgage countless. Job loss, financial hardship, health problems, relocation or other factors can cause you to fall short on your mortgage payments. If you have low equity, selling your house through an estate agent or even through a quick cash sale is simply not logical and not possible.

Here is an example of selling a house with negative equity in Huntsville:

Your Huntsville home is worth $100,000 in the current market place. You have a home loan with $90,000 left on it. If you go to a real estate agent, they will probably urge you to reduce the price to get a quick sale. If your property sells for $95,000, once the costs, fees, and remaining mortgage have been paid, you’re not making any profit out of the sale. In fact, you will lose money. If you are already struggling financially, you certainly can not manage to do this! While this may be a better option that foreclosure, there is another way to get out of that house without losing your shirt…

We’ve got a terrific solution for you if you are in that sticky little or no equity situation! A lease option is where we basically take care of the mortgage payments and all of the maintenance costs of your property. You are free to move out of your home once the paperwork has been signed, which can happen in just 7 days, and you no longer need to panic about the loan or any of the responsibility that comes with being a home owner.

With the lease option, we will take over all your loan payments and the responsibility of the home, we then have the option to buy that house at some time in the future. We’ll agree upon a price that day and buy the house when the market value rises.

Often it takes between 3-7 years for the price to rise adequately. Anytime during this time frame we have the option to purchase your house at the set price. We will deal with all legal fees during this process.

This is a win-win situation with all the same results as a regular sale! We are taking care of your home, paying your mortgage, maintenance, monthly bills and all other costs. You simply give us an ‘option’ to purchase the house in the future. We help people get rid of problem properties all the time.

This option for Selling a House With Negative Equity in Huntsville is ideal for homeowners who have little or no equity and are:

  • Facing foreclosure
  • Can no longer make mortgage payments
  • Wanting to sell, but do not need the cash right away
  • Wanting to secure an agreed sale price in the current housing market, regardless of the insecure market price in the future

If you are selling a Huntsville house with Negative Equity we will buy it!

Lease options are very flexible and we can adapt them to fit your specific needs. The entire process is completely free for you. We do not charge for our services. There is no unpredictability when selling with us; we will get your house sold GUARANTEED.

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We buy houses as-is for cash in Huntsville and the surrounding areas!