According to recent data, nearly 4% of U.S. homeowners are considered behind on their mortgage payments, meaning they are at least 90 days past due. If you are among that 4% and want to get out from under your debts, you may be asking, “Can I sell my house if I’m behind on payments?” In this guide, we’ll walk you through how to sell your home when you’re behind, with strategies tailored to different scenarios. Whether your home’s value exceeds what you owe, or you’re underwater, there are paths available that could help you avoid foreclosure and move forward with financial stability. Yes, selling your house is possible, even if you’re behind on payments. You have several options depending on your home’s equity and your financial goals. Below is a look at the two most common homeowner scenarios. If your home is worth more than you owe, a traditional sale may provide a straightforward way to settle the mortgage and regain control of your finances. If you have positive equity in your home, selling through a traditional listing could allow you to pay off your mortgage and walk away with any remaining funds. This route offers simplicity and may enable you to meet your obligations fully, potentially even leaving you with extra cash.Can I sell my house if I’m behind on payments?
1. If the house is worth more than you owe (above water)
Selling option: Traditional home sale
Tips for a traditional home sale
