Sell a Building With Negative Equity
Sometimes it’s called, “being upside down,” or more often it’s called “negative equity.” Those terms mean the same thing – the property owner owes more than the property is worth. Vehicle owners may find themselves upside down on their car or truck loan. That is more common than the experience of negative equity in real estate ownership.
If the current mortgage payoff is higher than the market value of the commercial building, making the decision to sell involves a commitment to bring money to the table at closing. That may not seem sensible, but it can be the best solution for a seller losing money every month.
To explain a bit more, curing a negative equity problem means the seller must contribute money to pay off the existing mortgage(s), which allows a new buyer to take title to the property free and clear of any mortgage liens. Finding a buyer for a building with negative equity can be as easy as making one phone call.
Solve A Negative Equity Problem with We Pay Fast
One way to solve a negative equity problem fast is to call We Pay Fast 1-800-WePayFast (1-800-937-2932) and speak to a professional property buyer about your building for sale. Alternatively, you can send an email to firstname.lastname@example.org or fill out the contact form online. In any case, you will receive a phone call from a We Pay Fast investor within 24 hours.
Bring your financials and mortgage payoff information when you’re on the call with We Pay Fast. After discussing the details, you and their buyer will come to a price and terms or possibly make arrangements for further information-gathering.
Get the process started by calling 1-800-WePayFast (1-800-937-2932) to sell a building with negative equity now.