Underwater Mortgage? Sell Your House in CO
Owe more than your house is worth? You still have options. We can help you find a path forward.
What Does "Underwater" Mean?
An "underwater" or "upside-down" mortgage means you owe more on your home than it's currently worth. This can happen when property values decline, when you bought at the peak of the market, or when a high-interest loan has barely touched the principal balance.
Many homeowners in this situation feel stuck — unable to sell because the sale won't cover the mortgage, but unable to keep making payments they can't afford. Gene Buys Golden specializes in helping homeowners find solutions, including negotiating short sales with your lender.
Your Options When You're Underwater
Frequently Asked Questions
Can I sell if I owe more than my house is worth?
Sometimes yes — through a short sale, where your lender agrees to accept less than the full balance. We're experienced negotiating short sales with lenders in Colorado.
How does a short sale work?
We make an offer, then work with your lender to get it approved as a short sale. It's more paperwork than a standard sale, but it can let you avoid foreclosure and settle the debt.
Will a short sale hurt my credit?
A short sale typically impacts credit less than a completed foreclosure and often lets you recover and buy again sooner. Your situation is unique, so we'll be straight with you about the tradeoffs.
Are there costs to me?
In most approved short sales the lender covers agent and closing costs, so you generally pay nothing out of pocket. We'll confirm the specifics for your lender.
Get a Cash Offer
Call (720) 784-8121 or email info@genebuysgolden.com for a free, no-obligation cash offer on your Golden, Colorado home.