Behind on payments or facing foreclosure
If you are getting certified letters and calls you do not want to answer, the first thing worth knowing is that you probably have more time and more options than the letters suggest.
A foreclosure is a process with dates. Until the sale date passes, you can still sell the house yourself. Selling on your own terms usually leaves you in a better position than letting it go to auction, and it keeps the outcome partly in your hands.
We've got it.
We'll review the property and get back to you within 24 hours with an offer. If you'd rather talk it through now, call us at (432) 296-5971.
What makes this hard
The parts that stall a normal sale
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The clock is the problem, not the house
A traditional sale takes 30 to 60 days to close after you find a buyer, and that is if their financing holds. If your sale date is closer than that, listing may not finish in time.
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You may have no money for repairs
If payments have been hard, repairs have probably been deferred. Retail buyers and their lenders are unforgiving about condition, and you cannot fund fixes you cannot afford.
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A foreclosure follows you
It affects your credit for years and can make renting your next place harder. A completed sale before the auction is a materially different outcome.
Where we fit
What we can actually do about it
- We can work to a date. Tell us your sale date and we will tell you honestly whether we can close in time.
- We buy in whatever condition the house is in, so deferred maintenance does not stop the sale.
- Your payoff, arrears, and any liens get handled through the title company at closing. You do not need cash up front.
- If there is equity left after the payoff, that money is yours.
On every purchase, whatever the circumstances:
- No fees or commissions
- We cover closing costs
- Sold fully as-is
- No obligation
An offer within 24 hours. Closing in as little as 7 days, depending on the situation.
Questions
About this situation specifically
Can I still sell after I have received a foreclosure notice?
In most cases yes, right up until the property is actually sold at auction. The exact deadline depends on your state and where you are in the process. Send us the paperwork and we will tell you what we see, and we will tell you if we think you need a lawyer instead of us.
What if I owe more than the house is worth?
Then a straight sale may not work, and we will say so rather than waste your time. In some cases a lender will approve a short sale. That is a longer process and it involves your lender, not just us.
Will I get any money out of it?
If the sale price covers your payoff and any liens, the remainder goes to you at closing. If it does not, there is nothing left over. We will show you the math before you commit to anything.
Find out what we would pay
Tell us about the property and we will send a cash offer within 24 hours. If it does not work for you, turn it down.
Would rather talk to someone? Call (432) 296-5971.
Across 73 cities in 18 states.
We've got it.
We'll review the property and get back to you within 24 hours with an offer. If you'd rather talk it through now, call us at (432) 296-5971.