Yes — and here’s how to do it without the stress.
For many homeowners, the idea of selling a house while there’s still a mortgage balance feels overwhelming. Maybe you’re behind on payments. Maybe the market shifted. Or maybe you just need to move quickly and aren’t sure how the numbers will work out.
Here’s the good news: you can sell your house even if you still owe money on it. In fact, people do it every day — and MAJO Buys Houses helps homeowners do exactly that all across West Virginia.
Below, we’ll break down how it works, what your options are, and how you can walk away with peace of mind (and often cash in hand).
💡 Yes, You Can Sell a House With a Mortgage — Here’s How It Works
When you sell your home, your mortgage doesn’t just disappear — it gets paid off as part of the closing process. That means the proceeds from the sale go first to your lender to pay off the remaining balance.
If your home sells for more than what you owe, the difference is yours. For example:
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Remaining mortgage: $110,000
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Sale price: $145,000
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Closing costs: ~$5,000
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You walk away with: ~$30,000
It’s that simple.
But what if the numbers don’t look that good? That’s where we need to look at a few different situations.
🏚️ Situation #1: You Still Owe Money but Have Equity
If your home is worth more than you owe, selling it is usually straightforward. Once the mortgage is paid off from the sale proceeds, you keep the rest.
This is the most common scenario, and working with a company like MAJO makes the process even easier:
✔ No repairs needed — we buy as-is
✔ No real estate agent commissions eating into your profits
✔ Fast closings so you don’t keep paying mortgage payments you can’t afford
Learn how our home buying process works →
⚠️ Situation #2: You’re Behind on Payments or Facing Foreclosure
Falling behind on your mortgage can feel scary, but it doesn’t mean you’re out of options. In fact, selling before foreclosure hits your credit is often the smartest financial move you can make.
At MAJO, we regularly help homeowners who are behind on payments or even have a foreclosure date already scheduled. Because we buy directly and pay cash, we can often close fast enough to stop the foreclosure process — protecting your credit and giving you a fresh start.
👉 Read our full guide on avoiding foreclosure in WV.
📉 Situation #3: You Owe More Than the Home Is Worth (Negative Equity)
This is called being “underwater” on your mortgage. It happens when home values drop or when little equity has built up yet. If you’re in this situation, selling is still possible — but the process is a bit different.
You may have a few options:
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Negotiate a short sale: Your lender agrees to accept less than what’s owed. This can be a good option if you’re struggling financially, but it often requires lender approval and takes time.
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Bring cash to closing: If you’re only slightly underwater, you may be able to pay the difference yourself.
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Work with a direct buyer like MAJO: We’ll review your situation, talk through your options, and help you find the best path forward — even if that means exploring alternatives before selling.
The key takeaway: being underwater doesn’t mean you’re stuck.
🏃♂️ Why Selling to MAJO Makes the Process Easier
Selling with a traditional real estate agent can drag out for months — time you might not have if you’re behind on payments. It also usually means making repairs, cleaning, staging, and paying thousands in commissions.
With MAJO, the process is different:
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🛠️ No repairs or cleaning: We buy as-is, no matter the condition.
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⏱️ Fast closings: Often in as little as 7 days.
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💸 No agent commissions or hidden fees.
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🤝 Compassionate help: We work with homeowners in tough financial spots every day.
Whether you’re current on payments, behind, or upside-down on your mortgage — we’ll walk you through your options and help you make the best decision for your situation.
✨ Final Thoughts: You Have Options
If you’ve been wondering, “Can I sell my house if I still owe money on it?” — the answer is absolutely yes. And in many cases, selling now can relieve financial stress, stop foreclosure, or free you to move forward with your life.
📲 Ready to see what’s possible? Reach out today for a no-obligation cash offer and real answers about your situation.