When your mortgage is underwater, the amount you owe on the mortgage loan is more than the property’s current market value. So, of course, it’s best to ride out the changing real estate market and stay in the home for several years to allow equity to build.
However, many motivating factors lead homeowners to sell, such as moving to be nearer to family, a sudden job relocation, or difficulty making payments. In addition to the typical stresses of life, selling your home can be extremely stressful, expensive, and time-consuming. It may also be the largest financial transaction of your life, and naturally, you want to make the best deal possible, despite your circumstances.
If you’re a homeowner in Lynchburg, Virginia and are struggling to keep up with your mortgage payments, you’re not alone. In fact, many homeowners in Lynchburg and across the country are dealing with underwater mortgages, meaning they owe more on their home than it’s currently worth. If you find yourself in this situation, it can be stressful and overwhelming, but there are steps you can take to help alleviate the financial burden. In this article, we’ll discuss what an underwater mortgage is, how it can happen, and what options you have if you’re dealing with one.
Lender Options
One option for those with a Lynchburg VA mortgage underwater is to discuss the options your lender can provide, such as a loan modification, short sale, or submitting a deed in lieu of foreclosure. It’s best to enter any of these processes with your eyes wide open to the realities of what a lender will require of you. In addition, you should understand how your efforts will affect the outcome and the negative consequences, including the effect on your credit score and why you should avoid foreclosure. Professional home buyers, like those at Linken Investments, can help you understand your options and weigh the pros and cons of each course of action. At Linken Investments, our professional buyers work with a policy of total transparency because we want what is best for you the seller; we’re proud of our work helping Lynchburg sellers deal with problems selling their houses. Call 434-390-2906 or click here for more information.
Direct Sale
Or, if you have a Lynchburg VA mortgage underwater, you could directly sell the property and avoid the hassles of negotiating with your lender, the paperwork, and jumping through hoops to meet deadlines and satisfy the lender. When you make a direct sale, you also avoid spending any cash out of pocket to prep, make repairs or pay for costly marketing expenses and real estate commissions.
Professional home buyers like those at Linken Investments buy houses in as-is condition and take on all the risks. At Linken Investments, our professional buyers never charge commissions and no hidden fees await you at closing. You won’t even have pay closing costs! Our team of local pros allows us to work quickly and efficiently and provide Lynchburg VA sellers like you with a guaranteed closing date, often within days. Or talk to one of our local professional home buyers at Linken Investments about selecting the best day for your move.
A direct sale to one of our professional buyers at Linken Investments is the best way to sell if you have a Lynchburg VA mortgage underwater. You can avoid the hassles of a short sale or foreclosure altogether. Furthermore, you won’t need to worry about spending a penny out of pocket to prep or make repairs by selling directly to a professional buyer like those at Linken Investments. In addition, you can skip the entire showing process with a direct sale because we buy houses in as-is condition at Linken Investments, and our professional buyers pay cash for houses with no equity making the process fast and easy. Finally, we’ll explain all your options so you can make an educated decision because the professional buyers at Linken Investments want you to feel good about working with us long after closing. You won’t pay commissions, and there are no hidden fees; our offer is the amount paid at closing. We are your best option to sell a house with no equity in Lynchburg VA. Call Linken Investments at 434-390-2906.
Linken Investments, Lynchburg’s Trusted Home Buyer and Seller
Linken Investments LLC. is a local real estate solutions company based out of Lynchburg, VA. We are Lynchburg’s Trusted Cash Home Buyers. We have been buying houses for cash in the Lynchburg area since 2005. We are also Licensed Realtors in the state of Virginia. Since we are a real estate investment company as well as a licensed and reputable real estate agent, we have multiple ways we can work with you to sell your Lynchburg area home on your schedule and for the highest price. We provide you a way to explore all your options, letting you choose whether you want to maximize the price of your sale by listing on the MLS or whether selling fast and simply is more important to you.
Our years of experience are one reason clients trust Linken Investments to complete the sale of their Lynchburg area property quickly with honesty and integrity. We’re a family-owned business and focus on helping homeowners like you find solutions to your problem whether you’re going through a foreclosure, selling an inherited property, or just need to sell your house fast for any reason. Linken Investments offers you the chance to sell your home in a simple, stress-free, cash transaction, or you can list the house with us. We’ll sell your Lynchburg area house at the highest possible price with our wide buyer network and the best marketing in Virginia.
Linken Investments can buy your home exactly as it is, no repairs or cleaning needed, and we pay all cash and close fast, in as little as 7 days or when it works best for you. Think of all the time and money that can save you. There’s no easier or quicker way to sell your Lynchburg house fast and get on with the next chapter in your life.
It won’t cost you any money and only about an hour of your time to find out how much cash we’ll pay you for your house. And you’ll be under no obligation to accept our offer, so you have nothing to lose but a house that’s standing between you and the life you want to enjoy.
Give us a call or text anytime 434-390-2906 or fill out the short form here today!