Need to Sell Your House Before Foreclosure?
If you’re behind on mortgage payments or have received a foreclosure notice, selling the property may be one option to consider. We buy houses as-is and can move quickly when timing matters.
You May Still Have Options When Facing Foreclosure
Receiving a foreclosure notice doesn’t necessarily mean selling your house is your only option. Depending on your circumstances, your mortgage servicer may offer options such as a repayment plan, forbearance, loan modification, or other loss-mitigation programs.
If keeping the property is no longer realistic or you would rather sell, an as-is sale may also be worth considering. If there is enough time to complete the sale and enough equity to pay off the amounts owed against the property, selling before the foreclosure is completed may allow you to move forward on your own terms.
A Simple Process When Time Matters
Tell Us About the Property and Your Timeline
Give us the property address and let us know where you are in the process. If you have received notices or know of an upcoming foreclosure sale date, that information can help determine whether there may be enough time to complete a sale.
Review Your No-Obligation Offer
We’ll evaluate the property in its current condition and provide an offer for you to consider. You are under no obligation to accept it, and you should compare selling with any other options available to you.
Close If the Sale Makes Sense
If you decide to accept the offer, the closing professionals can work to verify the mortgage payoff, title, liens, and other requirements necessary to complete the sale. Timing depends on the property and the foreclosure process.
Selling Before Foreclosure vs. Other Options
Traditional Home Sale
- Requires enough time to market and close
- Buyer financing may extend the timeline
- Property condition can affect marketability
- Showings and preparation may be required
- Longer Timeline
- May be a better choice when sufficient time is available
Selling With Cash For Keys Offer
- Sell the property completely as-is
- No renovations before selling
- No traditional buyer financing contingency
- Flexible closing when time permits
- Receive a clear offer before deciding
When Selling Before Foreclosure May Be Worth Considering
Selling isn’t the right answer for everyone. These are some situations where homeowners may decide that selling the property makes more sense than continuing to own it.
You No Longer Want or Can Afford the Property
If keeping up with the mortgage, taxes, repairs, and other ownership costs is no longer realistic, selling may provide a way to resolve the property itself rather than continuing to carry it.
The House Also Needs Significant Repairs
A property needing major repairs can make a traditional sale more difficult, particularly when you don’t want to invest additional money into the house before selling.
There Is a Deadline Approaching
Once foreclosure proceedings have begun, timing becomes increasingly important. The exact process and deadlines vary by state, so homeowners should confirm their situation with their mortgage servicer or qualified professional.
Should You Keep the House, List It, or Sell It As-Is?
Try to Keep the House
If you want to remain in the home, contact your mortgage servicer as soon as possible and ask about available loss-mitigation options. A HUD-approved housing counselor may also be able to help you understand your options at no cost.
List With a Real Estate Agent
If there is enough time and the property can attract a traditional buyer, listing may help you achieve a higher sale price. The important question is whether your expected marketing and closing timeline fits the deadlines you are facing.
Sell the House Directly
A direct as-is sale may make sense if you have decided you no longer want to keep the property and would rather avoid repairs, showings, and a lengthy traditional sale. Whether it is possible depends on timing, title, mortgage payoff, and the specifics of your situation.
Trying to Keep Your Home?
If your goal is to remain in the property, contact your mortgage servicer first. You can also speak with a HUD-approved housing counselor about foreclosure-prevention options.
If you still have questions or want to learn more, read our guide: Will a Cash Buyer Stop Foreclosure?
Cash for Keys Offer purchases real estate; we are not a foreclosure-rescue or mortgage-relief company.