Facing foreclosure? You still have options
If you are behind on your mortgage, you can usually still sell the property right up until the foreclosure sale is completed, and selling is what protects the equity you have left. Close With Creative presents every structure your property qualifies for within 24 hours: a cash offer closing in 7 to 14 days when the sale date is close, or creative financing at 90-110% of market value when there is more time. We pay the closing costs and take no fee from you. What your lender is required to do, and how long you have, is set by the law of the state the property sits in.
You can generally sell a house at any point before the foreclosure sale completes. The earlier you start, the more structures are available and the more equity you keep. Close With Creative charges the seller nothing on any path.
A missed payment turns into a notice, and a notice turns into a date. The thing most people do not realise is how much of the equity is still theirs, right up until that date — and how quickly it stops being theirs afterwards.
Selling is not giving up. It is keeping what is left.
A completed foreclosure takes the house and the equity in it, and leaves the damage on your credit for years. A sale before that date ends the process, pays off the lender, and puts whatever is left over in your pocket. If there is equity in the property, selling is almost always the better outcome, and it is the one you still control.
How much time you have depends on your state
Foreclosure timelines are set by state law and they differ enormously. Some states run the process through a court and take the best part of a year. Others sell at auction under a power-of-sale clause in about two months. That difference decides which of our four structures are realistically available to you, which is why our state pages carry each state's own process rather than a national summary.
Find your state's foreclosure process →
What we can do, and what we cannot
We can buy the property, and we can usually do it fast enough to beat a sale date if you come to us with time to close. We are not attorneys and we do not give legal advice, we do not negotiate a loan modification for you, and we cannot stop a sale by ourselves. If you want to keep the house rather than sell it, a HUD-approved housing counsellor is free and is the right first call.
This applies to you if
- You have missed payments and want to sell before the sale date
- You have been served and need certainty about a closing date
- There is equity in the property you do not want to lose
- You want the payoff handled directly with the lender at closing
Four ways to sell
Most home-buying companies give you one number. We price your property against all four structures and show you every outcome side by side, so the choice is yours.
Foreclosure — common questions
Can I sell my house if it is already in foreclosure?
In most cases yes, at any point before the foreclosure sale is completed. The mortgage is paid off out of the sale proceeds at closing and anything above the payoff is yours. How much time you have is set by your state's process.
Will selling stop the foreclosure?
Closing the sale pays off the loan, which ends the foreclosure. What matters is whether the closing lands before the sale date, which is why the timeline conversation happens first and not last.
What if I owe more than the house is worth?
Tell us and we will say so straight. Where the payoff exceeds what the property will support, the options are different - a short sale needs lender approval and its own timeline, and a subject-to structure may fit. We will tell you when none of our four paths works rather than run out the clock.
Do you charge anything to a homeowner in foreclosure?
No. There is no fee to you on any of our four paths, and we pay the closing costs. We are a buyer, not a foreclosure consultant, and we do not take money from a seller for advice or for stopping a sale.
Will a sale hurt my credit as much as a foreclosure?
A completed foreclosure is one of the most damaging items that can appear on a credit file. A sale that pays the loan off is a paid-off mortgage. We are not credit advisers and cannot tell you what your file will show, but those are materially different events.
How fast can you close if my sale date is soon?
Our cash path closes in 7 to 14 days and can be quicker when title is clean. Tell us the sale date on the first call so we can be honest about whether we can make it.
Whatever you are facing, there is a path
Life rarely sells a home on schedule. These are the situations we are asked about most, and what each one actually changes about your options.
Get your free offer options today
Tell us about the property and we will come back within 24 hours with every structure it qualifies for. No fee, no obligation, and you pick the closing date.