Sell Your House When You're Behind on Payments

Sell your house in three simple steps

01⌂

Tell Us About Your Property

Enter your address and basic property information. Repairs and cleaning are not required.

02◇

Receive Your Offer

We review the property, ask any follow-up questions, and explain a straightforward cash offer.

03✓

Choose Your Closing Date

If the offer works for you, close in as little as 10 days or pick a later date. There is no obligation to accept.

What happens after you miss a payment

Most lenders charge a late fee once the grace period passes, and a payment 30 or more days late is typically reported to the credit bureaus. Your servicer will contact you about the missed payments and your options. Under federal rules, a servicer generally cannot make the first filing to start a foreclosure until a borrower is more than 120 days behind, which gives you time to act.

Talk to your lender first

If you want to keep the home, contact your mortgage servicer and ask about a repayment plan, forbearance, or a loan modification. A HUD-approved housing counselor can help you understand these programs at no cost. Keep copies of everything you send and receive.

When selling makes more sense

If the payment is no longer affordable, selling before a foreclosure is filed usually protects more of your equity and credit than waiting. A traditional listing can work if you have time, but preparing a home, showing it, and waiting on a buyer's financing can take months you may not have. A direct cash sale can close in weeks, pay off the mortgage and the past-due amount at closing, and put any remaining equity in your pocket.

How we help

We review your property quickly and make a straightforward cash offer.
The title company requests the full payoff, including missed payments and fees, directly from your lender.
You choose a closing date that works with your deadlines and your move.
We buy as-is, so there is no need to spend money on repairs.

If you owe more than the house is worth

If your mortgage balance is higher than the property's value, a sale may require your lender's approval as a short sale. That process takes longer and depends on the lender. Tell us your situation, and we will give you an honest view of whether a sale can work.

Frequently asked questions

How far behind can I be and still sell?

You can sell at any point before the foreclosure sale, but earlier is better. The more time you have, the more options you have.

Will selling stop the late fees and collection calls?

Yes. Once the loan is paid off at closing, the account is closed and the payments stop.

Does selling to a cash buyer hurt my credit?

Missed payments that were already reported stay on your credit report, but paying the loan off in full through a sale avoids the much larger impact of a completed foreclosure.