4 Things to do if You Are Upside-Down on Your Mortgage in Louisiana

Whether you find yourself overpaying for a property in a bidding war, falling behind on mortgage payments, or experiencing a dip in property values, being upside-down on your mortgage can be a challenging situation for homeowners in Louisiana. If circumstances necessitate a quick sale rather than waiting for market values to rebound, you may feel pressured. It’s crucial not to make hasty decisions when faced with this scenario, so exploring all available options becomes essential.

Given the multitude of decisions to make, being well-informed and carefully considering the advantages of each option can instill confidence in your chosen course of action. To help you navigate this situation, let’s delve into four actionable steps you can take if you are upside-down on your mortgage in Louisiana.


If you’re facing a scenario where you’re underwater on your mortgage in Louisiana, the initial step is to gain a comprehensive understanding of your financial situation. Start by contacting your lender to determine the remaining balance on your mortgage. Furthermore, consider enlisting the services of a professional appraiser to obtain accurate valuation figures.

Seasoned real estate professionals, such as those at Lafayette Cash Home Buyers, are dedicated to assisting you in making informed choices regarding your property. They will evaluate the potential returns from listing your home against the offer they can present to purchase your property directly, in its current state, for cash. This eliminates the need for you to deal with the preparation, cleaning, and repairing of the property. At Lafayette Cash Home Buyers, we value transparency and offer detailed insights into how our offers are formulated. Our aim is for you to perceive the fairness of our proposition and be content with your decision to collaborate with us, both throughout and after the transaction.

Short Sale

When facing an upside-down mortgage situation in Louisiana, exploring all available options is crucial. Opting for a short sale, although not without consequences, is a more favorable alternative compared to bankruptcy or foreclosure and their lasting impact on your credit score. Skilled real estate investors, such as those at Lafayette Cash Home Buyers, excel in negotiation and can facilitate a short sale agreement with your lender. Consider a direct sale to Lafayette Cash Home Buyers as a hassle-free solution to address your home selling challenges in Louisiana.

Pay the Difference

Are you finding yourself upside-down on your mortgage in Louisiana? One option to consider is selling your property and covering the remaining mortgage balance at the closing table. When you choose to sell your Louisiana house directly to real estate investors like those at Lafayette Cash Home Buyers, you can expect a fair value without the burden of hefty real estate commissions. At Lafayette Cash Home Buyers, transparency is key – no hidden fees, zero closing costs, and a fast, guaranteed closing date thanks to our dedicated in-house team of industry experts. We even offer flexibility in selecting your preferred closing date, making the process as smooth as possible for you.

If you’re seeking a quick solution for selling your upside-down mortgage property in Louisiana, look no further than Lafayette Cash Home Buyers. Our team at Lafayette Cash Home Buyers prioritizes your needs, taking the time to understand your unique situation and provide tailored solutions. Rest assured, we are here to address any questions or concerns you may have about the direct sale of your Louisiana home. As your local neighbors, we take pride in assisting Louisiana sellers with personalized strategies, one property at a time. Curious to learn more about the benefits of a direct sale? Contact Lafayette Cash Home Buyers at (337) 366-0230 to speak with a member of our team today – no obligations attached.

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