Facing foreclosure? You have options.
How to stop or avoid foreclosure, and how a fast cash sale can protect your equity.
Foreclosure doesn't have to be the end of the story
Foreclosure is stressful, and it rarely ends well when you wait. But when you know your options and make a plan early, you can often protect your credit and keep more of your equity.
Below are the most common paths homeowners use. If selling makes sense, cash buyers in our network can often close before the foreclosure sale date, so you walk away with any remaining equity.
Get a fast cash offer
We can often close before your sale date.
Talk to your lender early
Ask about a repayment plan, forbearance, or loan modification. Lenders often have more options before the foreclosure sale is scheduled.
Know your state's timeline
Foreclosure rules and timelines vary a lot by state. In Georgia, for example, foreclosure is non-judicial: the lender must send notice at least 30 days before the sale and advertise it for four weeks, and sales happen on the first Tuesday of the month.
Sell before the sale date
If you have equity, selling the house, even as-is, can pay off the loan, stop the foreclosure, and protect your credit and remaining equity.
Consider a short sale or deed in lieu
If you owe more than the home is worth, your lender may accept a short sale or deed in lieu, which is often less damaging than a completed foreclosure.
Get legal and housing counseling
A real estate attorney or a HUD-approved housing counselor can explain options like bankruptcy and review your specific situation.
Don't ignore the mail
Open every letter from your lender and the courthouse. Deadlines matter, and the earlier you act, the more options you keep.