Facing foreclosure? There may still be a way out

If there is enough equity in the property, a cash sale can pay off the mortgage arrears, the lender’s fees and the payoff balance, and put the remaining money in your hands — usually before the auction date. That protects your credit from a completed foreclosure and, in many cases, leaves you with cash instead of nothing.

We are not attorneys and we will not pretend a sale fixes every situation. If there is no equity, if a bankruptcy is already in progress, or if the timeline physically cannot work, we will say so plainly and help you find the right professional — a HUD-approved housing counsellor, a foreclosure defence attorney, or your lender’s loss-mitigation department. Those services are free or low-cost in most states and we would rather you use them than lose the house to a mistake.

What we can do is move fast and give you certainty: no agent commissions eating the equity you still have, no showings while the clock runs, and a closing date that can be set before the sale date if title work allows.

What we look at before quoting a number

• The exact deadline, notice type and sale date
• Mortgage payoff, arrears, and lender fees
• Second mortgages, HELOCs, tax liens, HOA liens
• Whether a bankruptcy has been filed
• Realistic equity after all payoffs and costs

How a cash sale solves this

There is no listing period, no showings, no repair requests and no buyer whose mortgage can collapse three weeks in. You get one written number, a title company that handles the paperwork, and a closing date you choose — typically fourteen to thirty days from acceptance.

If getting a real number for the property would help you decide — even if you are months away from doing anything — ask for one. It costs nothing and there is no obligation.