Sell My House While in Forbearance in Washington, D.C.
Or Call Us Now At 202-918-9600
You Can Still Sell Your House Fast During Forbearance
Are you having a hard time making your mortgage payments each month? Are you trying to sell your house fast to get out from underneath the mortgage? The 2020 CARES Act program may allow you to sell your house while in forbearance. Fortune Homes can help you sell your house fast as-is for cash. We are local home buyers in Washington, D.C.
Even if your mortgage is currently in forbearance, you may be unable to find a potential buyer in a tough economy and poor real estate market. Fortune Homes makes it possible to sell your house fast, pay off your mortgage, and walk away. To find out more about the benefits of a cash sale, call us today at 202-918-9600 and get a fast cash offer.
How to Sell Your House Fast While in Forbearance
Step 1: Contact Our Buyers
Once you decide to sell your house, you can contact our local home buyers in Washington, D.C. Feel free to ask questions and schedule a quick walkthrough of your property. We arrive on-site to look at the house and determine if we want to make a cash offer.
Step 2: Get a Cash Offer
If we are interested in the house, we will make you a fair cash offer. In most cases, we will make an offer within 24 to 48 hours of doing a walkthrough. Our offers come in at just under the current market value of your house. We do not submit a lowball offer like other buyers.
Step 3: Get a Cash Payment
If you accept our offer, you can schedule a convenient closing date. Simply arrive at the close, sign the papers, and walk away with no strings attached. We pay all closing costs and put cash in your hands in only a few days. We close deals in as little as seven days.
Learn More About the CARES Act Forbearance
The CARES Act forbearance program is designed to provide relief for homeowners who are getting behind on their mortgage payments. Under the Act, you are entitled to a forbearance period of 180 days. The period may be extended if you are still unable to make your payments after three months. Forbearance may be extended for up to one year from the initial forbearance.
Do You Qualify for the CARES Act Program?
One of the main benefits of the CARES Act forbearance program is that you do not have to provide documentation of financial hardship. If you simply state that you are having a hard time making payments, your lender is required to issue an initial forbearance of up to 180 days. After the initial period, your lender will review your case to determine if you need an extension.
You may be wondering if you can sell your house for cash during the forbearance period. The answer is yes. However, even with the forbearance period, you may find a buyer in time. Fortune Homes can help you sell your house fast, allowing you to skip the complicated process of a traditional sale.
What Are the Benefits of a Cash Sale?
If you are getting ready to sell your house, you may want to weigh the pros and cons of a traditional sale. If you are looking for a faster alternative, there are several benefits to selling your house to a local home buyer, including
Work with Local Buyers
You may get an offer for your house from a national company. If so, they may try to lowball you and pressure you into selling. Fortune Homes is based here in Washington, D.C. we know the real estate market, the challenges of selling your home, and how much your property is worth. We are local home buyers in the DMV area.
Avoid Selling Costs
If you are planning to sell your house, you need to prepare yourself for the selling costs. Common expenses include realtor commissions, marketing costs, repairs, showing costs, and closing costs. The expenses can add up quickly. When you sell your house as-is for cash, you avoid all these selling costs.
Sell Your House in Forbearance
It is possible to sell your house for cash while the mortgage is in forbearance. You may have to work out an agreement with your lender and use your profits to pay off your debt. However, nothing is keeping you from selling the house. The faster you sell your house, the faster you can settle the debt and get out from underneath the mortgage.
Sell Your House Fast for Cash to Fortune Homes
The CARES Act forbearance program may buy you some time. However, when the forbearance period is up, you still owe your lender. Why not start fresh down the road? Sell your house fast to Fortune Homes and get out from underneath your mortgage. To find out more about the benefits of a cash sale, call us today at 202-918-9600 and get a fast cash offer.