Selling a home takes a considerable amount of time and effort. Selling a Lake Nona home with judgments takes even more. This is because a judgment on your home, in effect, puts a halt on the selling process. Unless you resolve it, there’s not much you can do.
If you discover that your home has a judgment against it, here are your options.
Resolve the judgment
The first option you have is to resolve the judgment. Typically, this means paying off however much money you owe your lender. This could be a service provider, your former spouse, or even the government. Once you’ve paid the owed amount, your free to resume selling your home.
Negotiate with the buyer
Selling a Lake Nona house with judgments is also possible if you negotiate with the buyer beforehand. While it can be tempting to hide the judgments from the buyer, we advise against this as it can lead to legal troubles in the future. Instead, talk to them about how they would like to go about it.
Since judgments are held against a property and not a specific person, you can pass it on. You can, for instance, agree on a price cut in exchange for the buyer assuming responsibility over the judgment. This works by slashing off however much you owe your lender from the sales price, which the buyer can then use to resolve the judgment themselves. Not a lot of buyers are open to an arrangement like this, so be prepared to go through lengthy negotiations before finding one who is.
Pay using the proceeds
Another option is, in effect, the reverse of the option above. During the negotiation process, you will inform the buyer that you will be resolving the judgment yourself, but it is to be done after your Lake Nona home has been sold. This is because you will need to use the proceeds from the sale to pay off the judgment.
Sell to a professional home buyer
Another option available to you would be to sell your property to a professional home buyer. A professional home buyer will usually have the taglines “we are cash home buyers in Lake Nona, FL”, or “we buy houses in as-is condition in Lake Nona” up on their website. To make sure you’re dealing with a trusted professional buyer, look for reviews about professional home buyers in Lake Nona, FL.
The advantage of selling to a professional home buyer is the convenience. You don’t have to spend on repairs, take time out of your day to host open houses, and wait for months just for a buyer to show up–only for them to back out at the last minute due to problems with his mortgage. And most importantly, you don’t have to resolve any judgments you have against your home.
If you’d rather not go through the hassle of filing paper and resolving a judgment, you can always choose to sell to a professional home buyer. If you’re ready to sell your home, don’t hesitate to reach out to us here at Kindred Homes, because we buy houses for cash in Lake Nona, FL.
Ready to Sell Your Home?
If you’re looking to sell your Lake Nona house fast, even if it has judgments against it, the best option is to sell directly to professional cash home buyer like Kindred Homes. We buy houses for cash in Lake Nona, FL and are dedicated to helping you reach your real estate goals. We purchase properties very quickly because we use our own money. This makes the sale more secure unlike when you sell to a traditional buyer.
We will provide you with a fair cash offer for your Lake Nona house. And the decision to accept or decline our offer is completely up to you. The best part of our process is that it is absolutely FREE. You are in no way obligated to take our cash offer if it does not align with your expectations. To find out more about our quick selling process in Lake Nona, FL, give us a call today at: (407) 705-3779.