If you’re in bankruptcy, or thinking about filing, you may be wondering whether you can still sell your house. The honest answer is that it depends on your case, and the person who can tell you is a bankruptcy attorney.
We’re home buyers, not lawyers. We won’t guess at the rules for your situation. What we can do is explain what a sale with us looks like, so you have the facts ready when you talk to your attorney.
Can you sell your house during bankruptcy?
Sometimes. But bankruptcy has its own rules, and whether you can sell, when, and what happens to the money all depend on your situation. Don’t sign anything with any buyer until your bankruptcy attorney says it’s okay.
If they say a sale makes sense, we’ll work with them and with the closing attorney or title company to do it the right way.
What should you ask your attorney?
Bring these questions to your first conversation:
- Am I allowed to sell the house right now?
- Does anyone else need to approve the sale?
- What happens to the money from the sale?
- Does the timing of a sale affect my case?
What does a sale with Wilson Offers look like?
If your attorney gives you the green light, here’s what we offer:
- A written cash offer within 24 hours, with the math behind it
- No repairs, no fees, and no commissions
- We cover the closing costs
- Liens and back taxes paid from the proceeds at closing
- A closing date that fits your case, as soon as 7 days once the title is clear
Our offer has no expiry date and no obligation, so you can take it to your attorney and take your time. See how it works for each step.
What if you’re behind on the mortgage too?
Virginia foreclosures can move in as little as 60 days, so if foreclosure is part of the picture, time matters. Talk to your attorney right away. Our guide to selling a house in foreclosure explains how a sale before the auction works.
If you owe more than the house is worth, a sale sometimes still works, and sometimes it doesn’t. It depends on the numbers. Call us and we’ll look at them with you. If a sale won’t work, we’ll tell you straight. And if listing would net you more, we’ll tell you that too.
Quick answers
Do you give legal or financial advice?
No. For bankruptcy, talk to a bankruptcy attorney. For taxes on a sale, talk to a CPA.
Can I show your offer to my attorney?
Yes, and we encourage it. The offer is in writing, with no pressure and no expiry date.
Get the facts before you decide
Call (804) 735-7979. We’ll listen, explain how a sale would work, and never pressure you. You can also read our answers to common questions.
