October 27, 2022

Can You Sell a House Before the Mortgage Is Paid Off?

By : admin

Yes, you can sell your house before you pay the mortgage off. There is no law in Indiana that prohibits you from selling your house while you still have a mortgage balance. However, to sell your house, you need to satisfy the requirements of the loan agreement. For instance, the proceeds from the sale need to pay off the loan balance for the lender to agree to the sale.

Before you sell your house fast in Northern Indiana, make sure you inform the lender so that they can help you with the transfer of ownership. You also need to find a buyer that can either assume the loan or pay cash for the house upfront so that you can get out of the mortgage with no strings attached.

What Is the Best Way to Sell a House With a Mortgage Balance?

The best option for selling your house before your mortgage is paid off is a cash home sale. A cash home sale virtually guarantees that you will get the money you need to pay off the loan and get rid of the house without any penalties or financial hardship. You can sell your house directly to the buyer without incurring any selling expenses.

A cash home sale also allows you to sell your house if you are going through a financial difficulty. You can sell your house to avoid foreclosure or bankruptcy. Regardless of your situation, you can get out of your mortgage before you pay it off.

When Is It Okay to Sell My House Without Paying Off My Mortgage?


Believe it or not, it is possible to avoid foreclosure without continuing your mortgage payments. Selling your house can put a stop to foreclosure if you can find a cash home buyer and sell your house as-is within a few weeks. If you sell your house and make enough money to pay off the mortgage, you can end the foreclosure process.


Bankruptcy is another financial burden you can put a stop to by selling your house. When you sell your house for cash to a company that buys houses in Northern Indiana, you incur little to no expenses and don’t pay realtor commissions. It leaves more room for you to make enough money to pay your mortgage and other debts. A cash sale stops a bankruptcy and saves your credit.


A loved one may have left behind more than just a house. There may be a leftover balance on the mortgage that your family will need to pay off to settle the probate case. If so, a cash home sale allows you to sell the house fast and pay off the mortgage, taxes, and other debts before you distribute the rest to the beneficiaries.


A divorce can derail any plans you have of paying off your mortgage. If you are like most people, you don’t want to live in the same house after a divorce. Instead, you want to sell your house fast so that you can move on. If you sell your house to a cash home buyer, you and your ex-spouse can close the sale quickly and settle your divorce much faster.

New Job

A new job can be an exciting time in your life. However, it also means you have to relocate quickly. Selling your house becomes a challenge, because you may not have time to do everything you need to prepare the house for a sale. Selling your house as-is for cash gets you out of your house and your mortgage so that you can move on to your new job and location.

Sell Your House Fast in Northern Indiana

If you need to sell your house fast but still owe money on your mortgage your best option is a cash home sale. HouseMart can buy your house as-is and pay cash for the property. We can assess your home’s market value, make a fair cash offer, and close in as little as seven to 21 days. You can sell your house right now with no strings attached. Call 219-230-8735 to get a fast cash offer on your house.

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