Atlanta How Do You Sell A House With A Reverse Mortgage?

How Do You Sell a House With a Reverse Mortgage?

Can you sell your house if you have a reverse mortgage? The simple answer is yes, but the process is a little more complicated, even more so than a traditional real estate sale. The trickiest part about selling a home with a reverse mortgage is that when your home closes, your reverse mortgage is due. That means you have to pay off the loan balance, plus interest and fees. Homeowners might not have enough equity in their homes to make this feasible. If property values have declined, the homeowner would have to pay that difference, creating a large financial burden. If you have a reverse mortgage and still need to sell your home, Atlanta’s Click House Buyers has solutions that can help homeowners move through the sale of their house—even if it has a reverse mortgage.

There are pros and cons to selling a property with a reverse mortgage. The upside of the sale includes no penalty for paying off the loan early. This keeps cash in your pocket. If your home has appreciated in value, you get to keep any extra proceeds from the sale. Extra money in your pocket! With mortgage insurance, even if the value of your home has depreciated, you won’t have to pay off the difference between what you owe and your selling price.

Click House Buyers can help you deal with the negative aspects of selling a house with a reverse mortgage.

The sale process can be time-consuming and complicated. Click House Buyers is an all-cash, home-buying partnership that buys houses in any condition, under any circumstances, including those with a reverse mortgage. We can make a no-obligation offer and close quickly.
You won’t pay real estate fees or commissions.
If you pass away, your inheritors won’t have to deal with the hassle and anxiety of selling the property.

Click House Buyers can buy your property even if you have a reverse mortgage. Our pledge to buy any home, in any condition, under any circumstances isn’t limited to traditional means.

Reach out to us today to discuss our options for buying your reverse-mortgaged property.

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With Click House Buyers you can put to rest your thoughts of “How can I sell my house fast in Atlanta?” Selling your home doesn’t have to be a hassle and it doesn’t have to take months of anxious waiting. Contact Click House Buyers now to request your free appraisal and get a cash offer for your home in Atlanta!

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Electronically Sell your house in the metro Atlanta area and the surrounding southeast area for cash. Click House Buyers specializes in working closely with homeowners to get rid of burdensome houses fast. No realtors and no repairs necessary! You can sell your house as-is! When you say, “I need to sell my house fast,” call us. We buy houses fast – for cash! No commissions – No closing costs – any situation. What are you waiting for? Call us today to sell your Atlanta home without a realtor!