It might seem hard to sell a house with a lien on it, but there are clear ways to make the process quick and easy.  You can pay off the debt, put off the payment, or quickly get cash for your home.  To get help quickly, Cash House Closers can purchase your home and eliminate the lien altogether.  Follow these easy steps to sell a house that you still owe money on.

Looking at Your Equity

First, find out how much your house is worth.  Take the home’s projected value and take away the amount of the lien.  This shows you what you might get if you sell.  This can be made clear with a quick online estimate or a simple report from an evaluator. This will help you plan your next step.

Talking with the person who holds your lien

Next, talk to the person who holds the lien about your plan.  They might let you pay less or agree to a payoff letter if you close quickly.  Getting writing terms keeps you from having to deal with last-minute holds.  Set clear due dates and be polite.  Longer terms can give you time to seal the deal on a sale.

Working together with cash buyers

If you sell to someone who pays cash, you can get rid of the lien quickly.  They buy homes as-is and take care of the paperwork for the loan.  You avoid having to pay for repairs and wait a long time at the bank.  Just look at a few deals to be sure you get the best deal.  This way is great if you need to close quickly.

Picking the Best Way to Go

Weigh the prices, timing, and risk of each choice as you look them over.  It’s quick to get cash, safe to use trust, and auctions can help you get a better price.  Write down what’s most important to you, then choose the path that meets your wants.  Read the full post here for more information.

Finally, it’s not a big deal to sell a house that has a lien on it.  You can feel good about moving forward if you check your equity, talk to the person who holds your lien, and pick the best way to sell—cash sale, trust, or auction.  Each choice makes it clear how to get rid of the debt and finish the sale without any problems.