We Can Buy Your House As-Is During Forbearance
If you are currently having difficulty keeping up with your mortgage payments, you may qualify for a forbearance program. The forbearance program allows you to suspend your mortgage temporarily, giving you the freedom to sell your house fast and get back on track financially.
Ernest Buys Homes can help you sell your house while in forbearance. Contact us today and schedule a quick walkthrough. We can assess the property, make a fair cash offer, and close in as little as seven days. Call Ernest Buys Homes at 865-292-2499 and get a fast cash offer.
How to Avoid Foreclosure in Three Easy Steps
Even if your mortgage is currently in forbearance, you may still be unable to make your payments once the forbearance expires. If so, you could be facing foreclosure or bankruptcy. Ernest Buys Homes has the solution: sell your house fast for cash and avoid bankruptcy. You can sell your house as-is right now in three easy steps.
Step 1: Contact Us
When you are ready to sell your house, the first step is to call us and schedule a walkthrough of the house. It’s fast and easy, and there is no obligation to sell your house. Feel free to ask questions. We are here to help!
Step 2: We Make a Fast Cash Offer
We will assess your property and decide if we want to make an offer. If we like what we see, we will make a fair cash offer at just under the market value of your home. In most cases, we can make an offer within 24 to 48 hours.
Step 3: Close the Sale and Get Cash
If you accept our offer, the next step is to schedule a convenient closing date. Simply show up, sign the paperwork, and walk away with no strings attached. We pay most or all of the closing costs, which save you money.
What is Mortgage Forbearance?
Forbearance is a temporary postponement of your monthly mortgage payments. It is designed to provide relief if you are going through financial hardship. Forbearance is not forgiveness. You will have to make up the payments based on an agreement between you and the lender. The CARES ACT forbearance program provides relief for families affected by COVID-19.
Do I Qualify for the CARES Act Forbearance Program?
Thankfully, the CARES Act bill makes it easy for you to qualify for the program. You simply need to file a claim that you are going through a financial hardship, and the lender is required to grant forbearance. There is no documentation or proof necessary. You may qualify for forbearance for up to one year. After that, your lender will review your case.
Even with forbearance, however, you may find it difficult to sell your house fast and get out from underneath your mortgage. You could still face foreclosure or bankruptcy. Ernest Buys Homes can pay cash for your house and speed up the process. You don’t have to wait several months to find a buyer and close on a sale.
Benefits of a Cash Sale
Although hiring a realtor and listing your house on the market is the most common way of selling a property, it’s not always the fastest or most feasible. You may be in a situation where you need to unload your property right away. Ernest Buys Homes offers an alternative to a traditional sale that allows you to sell your house fast directly to us without using a realtor. There are several benefits to this type of sale.
| Realtor | For Sale by Owner | Ernest Buys Homes | |
| Commissions Fees | 6 percent | Zero | Zero |
| Closing Costs | You pay up to 100% | You pay up to 100% | We Pay 100% |
| Appraisal Required | Yes | Yes | No |
| Showings | Yes | Yes | No |
| Repairs/Renovations | Yes | Yes | No |
| Average Selling Time | 60 to 90 days | 6 to 12 months | 7 to 21 days |
No Repairs or Upgrades Necessary
Home renovations can cost thousands of dollars, which eat into your profits. You may not have the funds you need upfront to make your house sellable or address critical issues. When you sell your house as-is, you avoid repairs altogether. We agree to buy your house in its current condition regardless of the issues.
Avoid the Real Estate Market
The current real estate market is unstable and highly competitive at best. To sell your house, you’ll need to find a real estate agent, list your house, make the necessary upgrades, show the house, haggle with buyers, and go through a complicated closing process. All of that disappears when you opt for a cash sale.
Sell Your House When You Want
When you need to move your property quickly, you may not have 60 to 90 days to find a buyer and close the deal. You may be in a situation where you only have two to four weeks. With Ernest Buys Homes, you’ll get a fast cash offer on your house with a quick closing date. You have the flexibility to sell your house when you want.
We Know the Market
You may prefer to work with a local professional who knows the market, understands the challenges of selling a house, and can empathize with your situation. As local buyers, you can trust us to make a fair cash offer and handle every real estate transaction with honesty and integrity.
Sell Your House As-Is to Ernest Buys Homes
With Ernest Buys Homes, selling your house has never been easier. We make it possible for you to sell your house while in forbearance to avoid foreclosure or bankruptcy. Contact buyers to schedule a walkthrough. Call 865-292-2499 and get a fast cash offer.