I’m trying to understand whether it makes sense to sell your house fast before bankruptcy in Las Vegas. If someone is already under financial pressure and possibly behind on payments, is a cash sale really a realistic option?
How quickly can these sales actually close, especially if bankruptcy proceedings are involved? Are there specific court approvals required before selling? Do trustees typically allow homeowners to sell before filing, or does it complicate the process?
Also, how much lower are cash offers compared to listing on the market? Is the speed worth the potential difference in price?
I’m looking for clear insight into how this works in Las Vegas specifically and what someone in that situation should expect.