Can I Sell My House While in Forbearance?

A job change, medical bill, or other unexpected expense can quickly make your mortgage payment feel overwhelming. You may have entered forbearance to buy yourself time, but selling the house may start to look like a better long-term solution. So, you may be wondering: Can I sell my house while in forbearance? In this post, we’ll explore your options to sell, even if you’re facing financial pressure. Whether your home’s value exceeds what you owe, or you’re underwater on your mortgage, there are paths to avoid foreclosure and move forward with a home sale. Sell Your House Fast With an All-Cash Offer Get an all-cash, no-obligation offer in 24 hours through HomeLight’s Simple Sale platform and close in as few as 7 days. You can also compare the offer with an estimate from a top agent. What is forbearance in real estate? Forbearance in real estate is a temporary agreement between you and your lender that allows you to pause or reduce mortgage payments during financial hardship. It’s not a loan forgiveness program because you’ll still need to repay the missed or reduced payments later. The terms of your forbearance agreement may affect what you can do with your home and mortgage. Can I ...