Selling Your Home During Bankruptcy: How to Minimize Credit Impact and Maximize Your Profit

Going through bankruptcy can feel overwhelming; especially when your home is involved. Many people assume that once they start the bankruptcy process, their home selling options become more limited—but that’s not true. In fact, selling a home during bankruptcy may be the key to minimizing the negative impact on your credit and securing a fresh start. Family Shepherd specializes in helping homeowners in this situation, even if they are already deep into the bankruptcy process. 

Can I Sell My Home During Bankruptcy?

Yes, you can sell your home during bankruptcy. However, it is important to note that the process differs, depending on whether you're filing Chapter 7 or Chapter 13. Regardless of which type of bankruptcy you're going through, selling your home can offer relief by helping you pay down debt, avoid foreclosure, and lessen the negative impact to your credit score.

Even if you're far along in the bankruptcy process, we can help you. We understand the urgency and know the steps needed for you to sell your home quickly, avoiding further complications. Selling your home while in bankruptcy may require court approval, but don’t worry—that’s where we come in. We’ll guide you through each step, making the process as smooth as possible so you can focus on what’s next.

Behind on Payments or Facing Foreclosure? We Can Help

If you've fallen behind on your mortgage payments or receive letters from your lender threatening foreclosure, you might feel like there are no good options left on the table. Don’t panic; you still have choices, and we're here to help you navigate them. 

Foreclosure can devastate your credit, making future homeownership, or purchasing a large item on credit, such as a vehicle, difficult for years afterwards. The last thing you want is to let your home go into foreclosure. That’s why it’s important to act quickly! At Family Shepherd, we offer solutions that can help prevent foreclosure, and in some cases, we may even be able to help you stay in your home. By selling your home before the foreclosure process completes, you may be able to pay off or settle your debt with your lender and avoid the long-lasting and negative consequences that come with foreclosure.

We have Options for Staying in Your Home

If your goal is to stay in your home, you may still have options - even if you're behind on payments or in the midst of bankruptcy. We can connect you with programs and solutions that could help you negotiate this process with your lender. Negotiating a payment plan or loan modification may give you a chance to stay in your home.

We understand that each situation is unique and we will work with you to help figure out which solution is best for your circumstance. Whether your financial troubles stem from bankruptcy, divorce, or falling behind on your mortgage, our mission is to help you get the most out of your home. We’ll work with you to explore every option, so you can walk away with minimal negative impact on your credit and your future.