Falling behind on mortgage payments can feel overwhelming. The stress, the notices from the bank, and the looming fear of foreclosure—it’s a situation no homeowner wants to face. But here’s the good news: you can sell house in Springfield, Missouri even if you’re behind on mortgage payments—and doing so might be the best way to regain control of your financial future.
At HomeLink Properties, we’ve helped countless homeowners in similar situations navigate this tricky path and come out stronger on the other side. Let’s break it down step by step so you know your options, your rights, and the best route forward.
Understanding the Situation: What Happens When You Miss Mortgage Payments?
When you fall behind on mortgage payments, your lender considers your loan to be in default. Here’s how it typically unfolds:
- 30+ Days Late – The lender might charge late fees and report the delinquency to credit bureaus.
- 60–90 Days Late – You may receive a “Notice of Default,” depending on your mortgage type.
- 90+ Days Late – The lender might start pre-foreclosure proceedings.
- 120+ Days Late – A foreclosure sale could be scheduled.
But this doesn’t mean you’re out of options. Selling your house is one of the best strategies to avoid foreclosure and protect your credit.
Yes, You Can Sell—Even If You’re Behind
Many homeowners think they’re stuck once they miss payments, but you can still sell your house in Springfield, MO, even if you’re several months behind. In fact, selling before the foreclosure process finishes can help you:
- Avoid the damaging effects of foreclosure on your credit
- Pay off the remaining mortgage debt
- Possibly walk away with some equity in your pocket
- Move forward with a fresh start
Selling Options If You’re Behind on Mortgage in Springfield
1. Traditional Sale (With Equity)
If your home’s market value is higher than what you owe on your mortgage, you’re in a good position to sell through a real estate agent or on your own (FSBO).
Pros:
- Might net a profit
Cons: - Takes time (30–90 days)
- Repairs and inspections could delay things
2. Sell to a Cash Home Buyer (Fastest Option)
Need a quick, hassle-free sale? Working with a local cash home buyer in Springfield, like Home Link Properties, is a smart move.
Pros:
- We buy houses as-is (no repairs needed)
- Close in as little as 7 days
- We handle all paperwork
- No commissions, no hidden fees
HomeLink Properties specializes in helping homeowners who are facing tough financial situations—including missed mortgage payments, foreclosure, divorce, and inherited homes.
- Short Sale (If You Owe More Than the Home Is Worth)
If your house is underwater (you owe more than it’s worth), you may qualify for a short sale, where your lender agrees to accept less than what is owed.
Pros:
- Avoids foreclosure
Cons: - Lender approval required
- Slower process
What’s the Process Like If You Sell While Behind?
Here’s a simplified breakdown of how the process typically works when you sell to a cash buyer like HomeLink Properties:
- Contact Us – Call or fill out a short form.
- Get a Free Offer – We evaluate your home and give you a fair, no-obligation cash offer.
- Accept and Close – If you accept, we handle the closing process. We’ll even communicate with your lender if needed.
- Pay Off the Mortgage – The proceeds from the sale go directly to paying off your mortgage.
If your home’s value covers your loan, you’re clear. If not, we’ll discuss short sale or other creative options.
Benefits of Selling to a Cash Buyer Like HomeLink Properties
- Speed: We can close in as little as 7 days.
- Convenience: No repairs, cleaning, or open houses required.
- Transparency: No fees, commissions, or surprises.
- Local Expertise: We’re based in Springfield, MO, and we understand your unique housing market.
How Long Do You Have Before Foreclosure in Missouri?
Missouri is a non-judicial foreclosure state, which means lenders can foreclose without going through court. This makes the process faster.
- You typically have 120 days from your first missed payment before foreclosure proceedings begin.
- After that, your house could be auctioned in just 20–30 days.
That’s why acting quickly is key.
Tips to Sell Your House Before It’s Too Late
- Don’t Ignore Lender Notices – Communication can buy you time.
- Get a Professional Home Evaluation – Know your home’s market value.
- Avoid Waiting for the Market to Improve – Time is not on your side.
- Work With a Local Cash Buyer – Avoid delays and hidden costs.
FAQs: Selling Your House Behind on Payments in Springfield, MO
Q1: Can I sell my house after receiving a foreclosure notice?
Yes, you can still sell your home up until the foreclosure auction date. But you must act quickly.
Q2: Will my lender approve the sale if I’m behind on payments?
In most cases, yes—especially if the home sells for enough to cover what you owe. If not, a short sale might be needed.
Q3: What if my home is worth less than my mortgage balance?
That’s called being “underwater.” You may qualify for a short sale, where your lender agrees to a reduced payoff.
Q4: How fast can HomeLink Properties buy my house?
We can close in as little as 7 days, or on your timeline. No waiting on banks or mortgage approvals.
Q5: Will I need to make repairs before selling?
Nope. We buy houses in any condition, even if they need major repairs or cleanup.
Ready to Sell Your House Fast and Move On?
If you’re behind on mortgage payments and feel like you’re out of options—you’re not alone, and you’re not stuck.
At HomeLink Properties, we help homeowners just like you Sell a House in Springfield Missouri sell their homes quickly and move forward with peace of mind.
No pressure. No gimmicks. Just honest help when you need it most.
