Foreclosure and missed payments
Sell your house before foreclosure in Colorado Springs.
If you are behind on payments, time matters more than anything. A cash sale can close fast enough to pay off the loan before the sale date and, if you have equity, leave you with money to start over.
Prefer to talk it through? Call (719) 357-8582
Foreclosure and missed payments
Where you stand, and what a sale can do
In Colorado, most foreclosures run through the county Public Trustee. Once the lender formally starts the process, a sale date is set, usually around four months out, though dates can move. Until that sale happens, the house is still yours to sell.
That window is the opportunity. If the house is worth more than what you owe, selling it pays off the lender, stops the foreclosure, and puts the difference in your pocket instead of losing it at auction. It also keeps a completed foreclosure off your record.
A traditional listing can work if you have enough time. The risk is the clock: showings, a buyer's loan approval and a 30 to 45 day closing can run past your sale date. We buy with cash and can close in as little as 7 days, so the timeline is one you control.
If you owe more than the house is worth, a sale is harder but not always impossible. Tell us the numbers and we will tell you honestly whether we can help.
This page is general information, not legal, tax or financial advice. Your situation may differ, so check with a professional before you decide.
How it works
From first call to paid off.
The sooner we start, the more room there is to get the payoff arranged before your sale date.
-
Tell us your sale date and what you owe
Share the address, your loan balance if you know it, and any date on your foreclosure notice. It stays between us.
-
Get a written cash offer
We look at the house once and give you a number, so you can see what you would walk away with after the loan is paid.
-
The payoff is arranged
The title company requests the payoff from your lender and schedules closing ahead of the sale date.
-
Close and move on
The loan is paid off at closing, the foreclosure stops, and any remaining proceeds go to you.
Why an as-is cash offer
What an as-is cash sale gives you.
-
No repairs, no cleaning
Sell the house exactly as it sits. Repairs, clean-out and updates become our job after closing.
-
No agent commissions
You sell directly to the buyer, so there is no listing agreement and no commission taken out of your price.
-
Your closing date
Close in as little as 7 days, or choose a later date that gives you time to plan your move.
-
A sale you can count on
We buy with cash. No lender approval, no appraisal hurdle and no buyer financing to fall through.
FAQ
Questions about selling in foreclosure.
Do not see yours here? Ask us directly. A real person will answer.
The closer it gets, the harder it is, because the title company needs time to get a payoff from your lender. We can close in as little as 7 days, so reach out as early as you can and tell us the date on your notice.
Yes, if the loan and any fees are paid in full at closing, the lender withdraws the foreclosure. If the sale price would not cover what you owe, the lender has to agree to accept less, which takes longer.
Not necessarily. Having a sale date means the clock is running, not that it has run out. Call us with the date and we will tell you straight away whether there is enough time.
We are home buyers, not attorneys, and we cannot give legal advice. Many people in this position find it helpful to talk with an attorney or a HUD-approved housing counselor, and we encourage it.
Ready to talk it through?
Tell us about the property and your situation. We will come back with a no-obligation cash offer.