If you’re drowning in debt, with too many maxed-out credit cards and multiple loans, you may feel trapped without any options that will let you get out from under. But if you’re a homeowner, you do have one option that many people overlook: You can sell your home to pay off your bills.
Many people who do that use the proceeds to pay off their debts and then buy a smaller home, or a condo or townhouse, or even rent for a while to start building up their credit again. Doing that brings immediate rewards, and usually a sense of relief for those who are saddled with too much debt that never seems to go away. Credit card debt in particular can seem to take on a life of its own, especially for those who make only the minimum payments each month, and student loans can haunt younger people for many years, even decades.
At Backer Homes, we’ve been successfully helping people in the same situation for over a decade, and we can help you, too. Just give us a call or complete our contact form here, and one of our specialists will be in touch to help you explore your options for reducing your debt — and remember, we’ll buy your house no matter what condition it’s in.