Divorce Selling House in Arvada

There are many reasons why people divorce, including financial, but when it happens, there are consequences, among them, selling of marital property.

You have many options when Divorce selling a house in Arvada.  When people decide that selling a house in divorce is the best option, one of the rare options is to go for a short sale.  This is a great option if you are upside down on the house and owe more to the bank than the house is worth.

For the uninitiated, a short sale is a bank-approved sale of a house for less than the amount you owe them. If a lender decides to pursue a deficiency judgment, they will be able to sue you for the difference between the amount you owe on the mortgage and what the house was sold for. In order to qualify for a short sale, it’s mandatory that you demonstrate that your home has a lesser market value than what you still owe your lender or maybe showcase your long-term financial hardships.

While it may be easy to demonstrate that you have a massive financial burden, including the fact that you can no longer afford to pay the mortgage following your divorce, showing that your house has a lower market value than what you still owe on the mortgage is much harder. You’ll need a real estate professional to help you determine the current price of the house. This is where Denver Property Flip comes in, a company that specializes in the real estate business.  We will be happy to advise you regarding whether your house qualifies for a short sale or not.

As noted, a short sale is a bank-approved sale that will proceed even if it means making some losses. The bank would rather have the money than going through a foreclosure process, which is more expensive. In short, a bank will commission a short sale to save its own resources and not save you.

Advantages of short sales

When facing a short sale notice, you have the option to sell the house via a Realtor, but you’ll be faced with the pressure to close the sale before your house gets into foreclosure. This has worked for many people out there, especially those that were able to nail down the best and most experienced Realtor. However, there are thousands of others who have a lot to complain about this traditional channel. In fact, some have lost their homes since the Realtor was unable to close the sale before the foreclosure.

As long as you qualify for a short sale, Denver Property Flip will be ready to help you in a number of ways. First, we’ll bring your lender into the picture by trying to negotiate a deal. We have a team of professionals that have experience in divorce selling house Arvada and will be able to come to an understanding with your lender.

Since we buy houses for cash, we will make you an all-cash offer immediately. The main reason that banks and other financial institutions are willing to work with us is that they know what we bring them – cash money. With such a deal, all other extra fees and commissions involved in transactions will be eliminated – fees that are always there when dealing with traditional house sellers. These sellers also involve a second bank in the transaction, especially since most of them usually depend on loans, which may create delays, more paperwork and unwanted hassles for the other parties involved.

The good thing about dealing with Denver Property Flip is that you’ll have a stress-free transaction by taking the passenger seat as we handle all the dirty work. We’ll deal with the mortgage to ensure you get a fresh start. If you are looking for divorce selling house services, feel free to call us at (720) 370-9595 and we will arrange a meeting with you.

As a local company, we treasure ourselves in helping the local people find the best solutions to their real estate problems in the fastest time possible. We are here for you!