“Why a Cash Sale Makes Sense in Spokane”
Inheriting a home might sound like a blessing—but if that house comes with a mortgage, it can quickly turn into a financial burden. Whether you’re dealing with missed payments, unsure how the mortgage works, or simply want to sell and move on, we’ve helped Spokane families just like yours through it all.
Here’s what you need to know about selling an inherited property with a mortgage in Spokane, Washington.
What Happens When You Inherit a Home With a Mortgage?
If you inherit a house with an existing mortgage, that debt doesn’t go away. You, as the heir or executor, typically have a few choices:
- Continue making the mortgage payments
- Refinance the loan into your name (if allowed)
- Sell the property to pay off the loan
Federal law generally allows heirs to assume the mortgage, but you must act quickly—especially if the home is already in default or foreclosure.
Real Story From Spokane
We recently worked with a family in the Logan Neighborhood who inherited their late aunt’s house. They had no idea there was a mortgage—and it turned out to be three months behind. The siblings lived out of town, the home needed major roof work, and the lender was already talking foreclosure.
We stepped in, made a fair cash offer, and closed in 10 days. Not only did it cover the mortgage, but it gave the family peace of mind and avoided a long legal battle.
Common Scenarios We See in Spokane
Inheriting a home with a mortgage is more common than people think. Here are a few situations where homeowners reach out to us:
- The inherited home has a traditional mortgage or a HELOC (Home Equity Line of Credit).
- The home is upside-down or underwater (more owed than it’s worth).
- The property is in poor condition and can’t be listed easily.
- Multiple heirs are involved and can’t agree on what to do.
- The property is behind on payments and facing foreclosure.
What Are Your Options?
- Keep the Home – If you want to live in the house, you’ll need to take over payments or refinance. This is only viable if the loan is current and you can afford it.
- Rent It Out – This can work in theory, but if the home needs repairs or is in disrepair, it may require more time and money than you’re ready for.
- Sell It – This is often the simplest and least stressful option. A cash buyer like REI Branded Home Buyer can help you avoid showings, repairs, agent commissions, and long delays.
Why a Cash Sale Makes Sense in Spokane
When time is ticking on mortgage payments, you don’t want to risk foreclosure or damage to your credit. A cash buyer can help you:
- Pay off the mortgage in full
- Avoid foreclosure proceedings
- Skip repairs or cleanup
- Split proceeds among heirs easily
- Sell as-is, on your timeline
We’ve helped families sell inherited homes all over Spokane—from Downtown Spokane to South Hill and Cheney.
The REI Branded Home Buyer Advantage
We’re not just another homebuyer—we’re local, experienced, and compassionate. We understand how emotional it can be to sell a family home. Our job is to make it simple and stress-free.
Here’s what we offer:
- ✅ No commissions or closing costs
- ✅ Fast closings in 7–14 days
- ✅ No repairs or cleaning required
- ✅ Help navigating probate or mortgage documentation
- ✅ Local team based right here in Spokane
Ready to Sell? Let’s Talk
Whether you’re ready to sell today or just want to explore your options, we’re here to help. Let’s take the weight off your shoulders and give you a clear path forward.
📞 509-769-3439
📧 info@reibrandedhomebuyer.com
🔗 Contact Us Here
Disclaimer: This article is for informational purposes only and does not constitute legal or financial advice. Please consult an attorney or financial advisor before making decisions regarding inherited property or mortgage responsibility.
Sell Your Spokane House Fast Today
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.