The quickest way to get out from under a mortgage is to sell house for cash. A cash purchase doesn't require all of the inspections, surveys, and appraisals that most lenders demand. It costs the seller less, and those savings can be passed on to the buyers.
Just a few years ago, most people would sell the house for cash. Stigma debt is a burden that only a few carried around. If the debt is not paid, the offender was taken to jail to work off the debt. Sentenced today seem rather mild in comparison. If you want to sell your home in Philadelphia , then you can browse web.
After World War II, lenders began to stretch their limits so that more people can borrow more money. Prison sentences were taken away and the stigma associated with debt also evaporated. As a buyer with a lot of purchasing power (due to high loan drawn out over longer period of time), housing prices skyrocketed.
To sell a house for cash may be the quickest and usually the easiest way to sell. The only problem is finding a buyer with money. Due to increased costs in the housing market, some people even consider cash option.
When you sell a house for cash, your turnaround can be days and not months. There was a wait for the bank to approve a single. There is no waiting for paper work of survey or assessment.