Selling a House While Going Through Bankruptcy in Texas: What Are Your Options?
Going through bankruptcy is hard enough on its own, adding a house into the mix can make everything feel even more overwhelming. Maybe you’re behind on payments or just trying to reduce your financial obligations. Either way, if you’re a Texas homeowner thinking, “Can I sell my house fast while I’m in bankruptcy?”—you’re not alone. And yes, there are ways to do it, including one that doesn’t involve agents, repairs, or long wait times.
In this blog, we’ll break down the different options you have when trying to sell a house during bankruptcy in Texas. We’ll also show how cash home buyers like Sell My House Fast ASAP help people move forward with less stress, fewer delays, and more control over the situation.
Why Homeowners Consider Selling During Bankruptcy
Bankruptcy is meant to give you a fresh start, but that doesn’t always mean keeping every asset. For many homeowners, letting go of the property becomes the smartest move. The mortgage may be too much to handle. The house might need repairs you can’t afford. Or maybe you’re just ready to simplify your life.
Selling the home allows you to:
- Reduce or eliminate mortgage obligations
- Avoid foreclosure
- Free up money to handle other expenses
- Remove financial stress tied to homeownership
The key is understanding your legal situation and which type of bankruptcy you’re in.
Chapter 7 vs. Chapter 13: What’s the Difference?
Most homeowners in Texas file under either Chapter 7 or Chapter 13 bankruptcy. The type you file determines how you can sell your house.
Chapter 7 Bankruptcy
This is sometimes called “liquidation” bankruptcy. It involves selling off non-exempt assets to pay creditors. If your home has equity and it’s not protected under Texas homestead exemptions, the court may require its sale.
But here’s the thing, you can still sell your house during Chapter 7, if the court approves. This typically involves:
- Letting the bankruptcy trustee know you want to sell
- Getting approval before you close the sale
- Making sure proceeds go through the proper legal process
Chapter 13 Bankruptcy
This type is about restructuring debt. You’ll be on a payment plan for several years. If you’re behind on mortgage payments, Chapter 13 might help you catch up.
You can usually sell your house in Chapter 13 too, but:
- You need court approval before selling
- The sale must fit into your repayment plan
- You’ll work with your attorney to ensure it’s allowed
Why Selling to a Cash Home Buyer Makes Sense During Bankruptcy
Selling through a traditional real estate agent while in bankruptcy can be tough. The process can be slow, unpredictable, and costly. You’ll need to:
- Make repairs and upgrades
- Handle multiple showings
- Wait on buyer financing
- Pay commission fees at closing
That’s a lot to take on, especially during an already stressful time.
Cash home buyers offer a better option for many homeowners going through bankruptcy. Here’s why:
1. No Repairs Needed
If your home is outdated or damaged, that’s not a problem. We buy houses as-is, you don’t have to lift a finger or pay for anything out-of-pocket.
2. No Showings or Agent Fees
You won’t have to keep your home clean for strangers or deal with real estate agent contracts. There are no listing agreements and no commissions.
3. Fast Offers and Quick Closings
We provide a cash offer fast, usually within 24 hours of the walkthrough. If you accept, you can close on your timeline, often in a matter of days once court approval is secured.
4. Experience with Legal Situations
We’ve helped many Texas homeowners going through tough legal and financial issues. Our team understands the bankruptcy process and works alongside your attorney to make sure everything is handled properly.
How the Process Works with Sell My House Fast ASAP
Selling your house during bankruptcy doesn’t have to be complicated when you’re working with a cash buyer who knows what to expect. Here’s what it looks like:
- Contact Us: Give us a call or fill out the short form on our website. We’ll ask a few basic questions about your property and situation.
- Property Walkthrough: We’ll schedule a quick, 15-minute walkthrough. You don’t need to clean or repair anything.
- Get Your Cash Offer: After reviewing your home’s condition and market trends, we’ll send you a no-obligation cash offer. You choose if it’s right for you.
- Work with Your Attorney: If you’re in active bankruptcy, we’ll coordinate with your attorney to make sure all necessary court steps are taken care of.
- Close and Move On: Once the sale is approved and the paperwork is finalized, we close on your timeline and you walk away with peace of mind.
What Texas Homeowners Need to Know About Timing
If you’re thinking, “I need to sell my house fast before it gets worse,” you’re not alone. Timing matters, especially in bankruptcy. The sooner you talk to a cash buyer and your bankruptcy attorney, the more options you’ll have.
The process takes coordination, but when you sell to a cash home buyer, it’s far more flexible than the traditional route. You get to skip agent delays, buyer loan approvals, and endless back-and-forth negotiations.
FAQs About Selling a Home During Bankruptcy in Texas
Can I sell my house if I’ve already filed for bankruptcy?
Yes, you can. You’ll typically need court approval, but it’s possible to sell during bankruptcy. A cash buyer can work with your attorney to help make the process easier.
Will I need to fix anything before selling?
No. When selling to a cash home buyer like Sell My House Fast ASAP, you don’t have to do any repairs or cleaning. We buy houses as-is.
Can I use the money from the sale?
It depends on the type of bankruptcy and your situation. Your attorney and the court will decide how the proceeds are distributed, but selling may still help you financially.
How fast can I close?
Once court approval is in place, you can close quickly, sometimes in just a few days. We work around your timeline.
Do you buy houses in all parts of Texas?
Yes, we buy houses in every region of Texas, including large cities, small towns, and rural areas.
If you’re facing bankruptcy and need to sell your house fast in Texas, we’re here to help. Contact Sell My House Fast ASAP today to request your cash offer. We’ll work with your timeline, handle the paperwork, and help you move forward with less stress. Fill out the form on our website to get started.