A home can be sold as soon as the case is considered discharged and closed, according to Jayne Thompson for SFGate. This depends, however, on whether the trustee assigned to the bankruptcy case does not decide the home must be sold to pay off the debts.
Another option is to enlist the help of the assigned trustee during bankruptcy to help determine the value of assets and sell the home. Document preparatory companies can help with the paperwork; however, according to attorney Justin Harelik at Bankrate, there are state-by-state variations that need to be considered, which is why utilizing the help of the bankruptcy trustee or hiring a local bankruptcy lawyer may help streamline the process and avoid any legal hang-ups.Learn More
Buying a house with no money down entails collecting all financial documents, finding a cosigner and applying for an FHA loan, according to SFGate. This is possible for people who have bad credit or those who have a history of financial hardship.Full Answer >
To sell a house fast, make sure it leaves the best possible impression on potential buyers, and price the house aggressively. A house priced correctly attracts more buyers and real estate agents. Conversely, a house priced too high communicates to agents and buyers that the owner is not really ready to sell.Full Answer >
To sell your own home, determine the right time to put your home on the market, calculate the value of your home and your equity, assess local market conditions, and create a marketing plan. Selling your own home can take weeks to years, depending on the market.Full Answer >
The average time it takes to sell a home depends on several factors that are unique to the home, and homes can sell the same day they're listed or they can languish on the market for months or even years without a buyer. A big indicator of how quickly a home sells is whether the market is a "buyer's market" or a "seller's market."Full Answer >