Sell Your House In Bankruptcy in San Antonio Texas
Selling a house in San Antonio that is in or has been in bankruptcy comes with challenges and stress. Whether you need court approval to sell your house in bankruptcy or your bankruptcy has been discharged, you want to make sure the company who is buying your house is familiar with the process so that you don’t end up with a sale that doesn’t go through. Capstone Homebuyers has helped people in San Antonio by purchasing their house out of bankruptcy. We buy houses in bankruptcy and will work with your attorney to make sure the sale is approved by the court.
Selling a home covered by bankruptcy must be approved by the judge in most cases. Other times, a sale is permitted without going to court. Many times homeowners will reach out to us hoping to sell their house in bankruptcy because they know that the house isn’t going to be covered by the bankruptcy protection. In these cases, the homeowners were likely facing foreclosure and used a bankruptcy filing as a way of putting the foreclosure on hold while they made other arrangements to sell the home.
Selling a home in bankruptcy can be done in many different ways. If the house is in great shape, you may decide to list it with a real estate agent. If your house needs work, has been vacant, or you would like the convenience of a guaranteed sale, you may benefit from working with an experienced professional homebuyer.
Get A Legitimate Offer and Contract From A Buyer Who Understands The Process
Alert Your Bankruptcy Attorney And Put Them In Contact With The Buyer For Necessary Documents
Attorney Schedules Court Date For Motion To Approve Sale
Motion To Approve Sale Is Approved By The Judge And The Trustee
Title Company Receives Necessary Court Documents And Is Clear To Close
Home Buying Companies like Capstone Homebuyers offer the benefit of a guaranteed cash sale, have experience buying bankruptcy houses, and understand the process, and won’t be frustrated by waiting for court approval. Capstone Homebuyers typically works with your bankruptcy attorney to make sure all of the documents needed for your motion to sell are provide so that your motion to sell is approved.
Who Will Buy Your House In Bankruptcy?
Depending on the amount of the sale of your home and the dollar amount of your bankruptcy obligations that need to be discharged, the sale of your home could potentially discharge your entire bankruptcy and stop the monthly payments!
It is also possible that your home may not cover your total amount owed. In this case, the court would likely still approve the sale of the house and apply the proceeds to your bankruptcy obligation. However, you would still be bound to the monthly payment obligations of your negotiated bankruptcy agreement.
When selling your house in bankruptcy, you can receive proceeds from the sale of the house. The key to you receiving proceeds from selling your house that is a part of your bankruptcy is making sure the amount of the sale will cover the remaining balance that you owe. If you sell your house for $100,000 and you only owe 30,000 left on your bankruptcy balance, then you would stand to receive $70,000 in proceeds from the sale of your house.
In order to make this happen, you need to make sure you work with a professional home buyer who understands the process and will work with your bankruptcy attorney. Also, the title company used for the sale needs to be familiar with working with bankruptcy situations. At Capstone Homebuyers, we have purchased many houses out of bankruptcy court and we can assure you that selling your house out of bankruptcy will be a smooth process.
How Long After Chapter 13 Bankruptcy Can I Sell My House
You can sell your house during chapter13 bankruptcy. Depending on where you are in the process, there may be a waiting period of 21 days. Whether you have just filed for bankruptcy or you have been making your monthly payments for some time now, you always have the option of selling your home. Sometimes you may need to sell your house because your home is no longer covered under chapter 13 bankruptcy protection and there could be a pending foreclosure. No matter what your situation, when you decide to sell your house that is part of a chapter 13 bankruptcy filing, you want to make sure you are selling your home to an expert homebuyer who has plenty of experience in navigating the sale of a house in chapter 13 bankruptcy.
Get A Cash Offer On Your San Antonio House
Once you have decided to sell your house in bankruptcy you must find a buyer. After understanding more about the process of selling a house in bankruptcy, you now know you need to sell to a home buyer who is experienced in buying houses in chapter 13 bankruptcy. If your house is in the greater San Antonio Texas area, consider calling Capstone Homebuyers. We will take the time to understand your exact situation, let you know if we can help, and give you a guaranteed cash offer to buy your home. Our cash offers are free and have no obligation. You have nothing to lose by reaching out to our office. If for some reason, our cash offer isn’t right for you, we will use our large network of professionals to get you the help you need.