Yes, you can sell your house for cash while in bankruptcy, provided you receive approval from the court-appointed Trustee. We have experience working with bankruptcy attorneys to provide the necessary purchase agreements required for court motions, helping you use the home’s equity to settle debts and move forward.
How Selling During Bankruptcy Works
Whether you are in Chapter 7 (liquidation) or Chapter 13 (reorganization), your home is considered part of the “bankruptcy estate.” However, selling to a cash buyer can often be a strategic part of your filing to help pay off creditors or save your remaining equity.
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Work With Your Attorney: The first step is always to consult your bankruptcy lawyer. We provide a firm, written cash offer that your attorney can present to the court.
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Trustee Approval: The court-appointed Trustee must approve the sale. Because our offers have no financing contingencies and can close quickly, they are often viewed favorably by the court.
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“As-Is” Convenience: When in bankruptcy, you likely don’t have the extra funds for repairs or staging. We buy your house exactly as it is, so you don’t have to spend a dime out of pocket.
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Settling the Debt: At closing, the proceeds are used to pay off your mortgage and other liens. Any remaining exempt equity goes directly to you (depending on your specific filing and Nevada’s homestead laws).
Why Time is of the Essence
If your bankruptcy was filed to stop a foreclosure, selling the home voluntarily for cash often allows you to walk away with more dignity and potentially more equity than if the property went to a forced auction. Our team is patient and understands the legal delays involved in bankruptcy court—we move at the pace your legal situation requires.
