Selling a house during bankruptcy takes coordination. We make a straightforward cash offer and close through a title company on a timeline that fits your situation.
No obligation. Call 316-854-1050 or fill out the form.
Fill out the form or call 316-854-1050. It only takes a couple of minutes.
We walk through the house and make you a cash offer, often within 24 hours.
Every closing goes through a title company. Take what you want. Leave the rest, and we’ll handle the cleanout.
Are you struggling with debt and considering bankruptcy? If so, you may be wondering if you can sell your house during bankruptcy. While selling any assets during bankruptcy can be challenging, it is possible to sell your house under certain circumstances. In this guide, we’ll explain what you need to know about selling your house during bankruptcy and how Kansas Home Guys can help.
If you’re considering bankruptcy, there are likely financial pressures that are making it difficult to keep up with your mortgage payments. Selling your house during bankruptcy can help you get a fresh start by eliminating your mortgage debt and giving you the opportunity to move on.
Additionally, selling your house during bankruptcy can help you avoid foreclosure, which can be damaging to your credit score and make it difficult to qualify for a mortgage in the future.
When you file for bankruptcy, an automatic stay goes into effect, which prohibits creditors from collecting debts or taking any legal action against you, including foreclosing on your home. However, there are some options for selling your house during bankruptcy:
Chapter 7 bankruptcy: If you’re filing for Chapter 7 bankruptcy, you may be able to sell your house to pay off your debts. However, you will need to get permission from the bankruptcy court before you can sell your house.
Chapter 13 bankruptcy: If you’re filing for Chapter 13 bankruptcy, you may be able to keep your house and pay off your mortgage through a court-approved repayment plan. However, if you’re behind on your mortgage payments, you may need to sell your house to catch up on your payments.
If you are thinking of selling your house during bankruptcy, there are some steps you can take to consider:
Get professional advice: Talk to a bankruptcy attorney and a real estate agent to understand your options and get guidance on the best course of action for your situation.
Know your equity: Determine how much equity you have in your house by subtracting your mortgage balance from the market value of your house. If you have little or no equity, selling your house during bankruptcy may not be worth the effort.
At Kansas Home Guys, we understand that selling your house during bankruptcy can be overwhelming. That’s why we offer a hassle-free solution to help you sell your house fast for cash. Here are three steps to get started:
Fill out our online form or give us a call to schedule a consultation.
We’ll assess your property and make you a fair cash offer, in most cases, while we are with you assessing your property.
If you accept our offer, we’ll close on the sale and you’ll receive cash in hand within a few days.
Don’t let bankruptcy ruin your life. Contact Kansas Home Guys today to learn more about selling your house during bankruptcy and get a fair cash offer for your property.
Call us and we’ll walk through your options with you. There’s no pressure to sell.
Often, yes, but not on your own. In Chapter 13 you’ll usually need the court’s permission to sell. In Chapter 7, the trustee may be the one in control of the sale. Your bankruptcy attorney handles the paperwork. We just need to know the timeline. We’re home buyers, not attorneys, so treat this as a starting point and check the specifics of your case with a Kansas attorney.
That depends on your plan and how much equity you have, and it’s a question for your attorney, not us. What we can do is give you a written offer to take to them so they’re working with a real number.
It varies by court and by case, and it usually adds a few weeks. We’ll set a closing date that leaves room for the approval instead of rushing it.
Filing usually pauses the foreclosure through what’s called the automatic stay. That pause can be the window you need to sell. Ask your attorney how a sale would fit into your case.
Yes. Every sale closes through a title company, and the title company coordinates with your attorney and the trustee on what needs to be signed and approved.
Great fast cash. Saw the billboard wasn’t sure about them but they gave me a fair price fair and square. Thank you Kansas Home Guys.
No repairs, no showings, no pressure. Tell us about the house and we’ll take it from there.
Answer these simple questions to see if you are eligible to sell to Kansas Home Guys.
Selling Survey
