Facing Foreclosure? Get an All-Cash Offer
Our home buyers offer immediate cash offers on pre-foreclosed homes
If you’re worried about falling behind on your mortgage payments or
want to avoid foreclosure, Quick Homebuyers will step in.
We specialize in fast, all-cash offers for homeowners in distress, providing
a smooth and stress-free way to sell immediately.
Reasons to Sell Your Foreclosure Property As-Is
Avoid Costly
Repairs
When facing foreclosure, the last thing you need is to pour money into home repairs. We buy houses in any condition, so you don’t have to spend time or money fixing up your home. Sell as-is, fast, and hassle-free.
Minimize
Your Stress
Foreclosure can feel overwhelming, hallmarked by looming deadlines, legal fees, and the risk of losing your home. Selling foreclosure property to us lets you take control and avoid emotional and financial tolls.
Get Cash to
Move Forward
Time is of the essence when foreclosure is on the horizon. With an all-cash offer, you can close quickly and walk away with money in hand, giving you the financial freedom to start fresh.
Get a Cash Offer for Your Foreclosure Home
Ready to sell and stop foreclosure in its tracks? Get a no-obligation offer from our foreclosure property buyers today.
Get an Offer
Sell Your Foreclosure Home in Just 4 Steps
Frequently Asked Questions
What is foreclosure and how does it work?
Foreclosure is the legal process through which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments. When a homeowner defaults on their mortgage payments, the lender has the right to take possession of the property and sell it to recoup the unpaid loan amount.
The foreclosure process typically involves several stages, including a formal notice of default, a grace period for the homeowner to catch up on payments, and eventually, a public auction or sale of the property if the mortgage is not brought up to date.
How long does the property foreclosure process work?
The length of the foreclosure process can vary depending on state laws and the terms of the mortgage. In many cases, the process can take several months from the initial missed payment to the final sale of the home.
Homeowners generally receive a notice of default after 90 days of missed payments, and the foreclosure process could take anywhere from six months to over a year, depending on the circumstances. Acting quickly can help prevent the process from progressing to the point of no return.
What are the tax implications of selling a home in foreclosure?
If you sell your home to avoid foreclosure, the tax implications will depend on several factors, such as the sale price, your remaining mortgage balance, and any debt that is forgiven as part of the sale.
In some cases, debt forgiven in a foreclosure sale could be considered taxable income. However, homeowners may be eligible for tax relief under the Mortgage Forgiveness Debt Relief Act, which excludes forgiven mortgage debt from taxable income in certain situations. It’s a good idea to consult with a tax professional to fully understand your foreclosure situation.
Do I still have options if my home has already been foreclosed?
Even if your home has been foreclosed, you may still have options. Some states allow for a “redemption period,” where you can reclaim your home by paying off the total loan amount, including fees and interest, within a certain time frame.
Additionally, some lenders are willing to work with homeowners to resolve the situation even after the foreclosure sale has begun.
How quickly can I sell my home to avoid foreclosure?
If you’re looking to sell your home to avoid foreclosure, we can help you move quickly.
In many cases, Quick Homebuyers can provide a cash offer within 24 hours and close the deal in as little as a week. By selling fast, you can stop the foreclosure process before it damages your credit further and walk away with cash in hand.
