“Your Trusted Home Buyer REI Branded Home Buyer”
Short answer? Yes.
Long answer? You absolutely can — and people do it every day across Washington.
In fact, the majority of home sales involve properties with a mortgage. Whether you’re looking to relocate, downsize, or avoid foreclosure, you can sell your home even if you still owe money on it. The key is knowing your numbers and choosing the right path.
What Happens to the Mortgage When You Sell?
When you sell a home with a mortgage, the remaining loan balance is paid off at closing. The title company uses the proceeds from the sale to pay off your lender, and anything left over goes to you as profit.
Let’s say you sell your house for $300,000 and still owe $190,000 on the mortgage — after fees, you walk away with the difference.
What If You’re Behind on Payments?
If you’re behind on your mortgage, selling may be your best option before things get worse. In Washington, foreclosure can begin as early as 120 days after a missed payment.
We’ve helped many sellers in Spokane, Kennewick, and beyond stop foreclosure in its tracks by closing fast and paying off their balance before auction.
What If You Owe More Than the House Is Worth?
If your mortgage is underwater (you owe more than your home is worth), a short sale might be an option — but it requires lender approval and can take months.
At REI Branded Home Buyer, we can sometimes work directly with lenders to negotiate these sales. We’ve helped Washington homeowners avoid foreclosure and debt damage, even in tough situations.
Why Sell With a Mortgage Still in Place?
- You’re relocating and need to move fast
- You’re divorcing and want to split the equity
- You can’t afford the monthly payments anymore
- You need to downsize due to health or financial changes
- You’re facing foreclosure or behind on taxes
You don’t need to pay off your mortgage in advance — we’ll handle that as part of closing.
Real Story: Mortgage Relief in Walla Walla
A homeowner in Walla Walla was three months behind and panicking about foreclosure. She had equity in the home but couldn’t make the next payment. We made her a cash offer, coordinated with her lender, and closed before the auction date.
She walked away with her credit intact and enough funds to start over.
Fast Facts for Washington Sellers With Mortgages
- Foreclosure typically begins after 120 days of missed payments
- You can sell any time during the mortgage period
- All mortgage liens are paid off at closing
- You may still walk away with profit depending on your equity
Ready to Sell? Let’s Talk
📞 Call or text 509-769-3439
📧 Email info@reibrandedhomebuyer.com
💻 Or reach out here
We help Washington homeowners sell fast, even with active loans. No agent, no repairs, no stress.
Disclaimer: This article is for informational purposes only and does not constitute legal or financial advice. Please consult with a professional before making mortgage-related decisions.
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About REI Branded Home Buyer
Real People. Real Stories. Real Solutions. We’re George and TJ — two regular guys who teamed up to create REI Branded Home Buyer, a local company with one simple mission: to help people sell their homes without stress, games, or pressure. We actually met at a local real estate meetup. A mutual friend randomly shouted, “Hey George, do you want to be this guy’s mentor?” George laughed and said, “Just give him my cell!” A coffee meeting later, and the rest is history. We've been working together ever since. Our passion for helping homeowners comes from personal experience. George was once homeless, so he deeply understands what it’s like to face housing uncertainty. TJ’s family went through a crisis and had to sell their home fast — with the help of a cash homebuyer. Those experiences shaped who we are and inspired us to create a company that treats people the way we wish we’d been treated. Let’s be real: the real estate world is full of shady companies, pushy salespeople, and sleazy homebuyers who care more about profit than people. We started REI Branded Home Buyer because we believe it should be the other way around — people first, profit second. We’re proud to call Spokane home. Our wives, Jenny and Michelle, love the slower pace of life here and all the outdoor beauty Washington has to offer. George and Jenny have two amazing daughters and two dogs — they love to travel and recently visited Japan to see their daughter abroad. TJ and Michelle are outdoor lovers through and through — backpacking, hiking, hunting, fishing, even rock climbing. Michelle’s become quite the mountaineer! If you’re thinking about selling a house — no matter the reason — we’d love to hear your story and see how we can help.