Foreclosure Process

Foreclosure Defined: A foreclosure occurs when a property owner cannot make principal and/or interest payments on his/her loan, typically leading to the property being seized and sold. Foreclosure Process: After about three to six months of missed payments, the lender orders a trustee to record a Notice of Default (NOD) at the County Clerk’s Office. This puts the borrower on notice that he or she is facing foreclosure and starts a reinstatement period that typically runs until five days before the home is auctioned off. If the default isn’t corrected within three months, a foreclosure sale date is established. The homeowner will receive a Notice of Sale, and this notice will also be posted on the property recorded at the County Clerk’s Office. The time and location of this sale are designated in the Notice of Sale. At the Foreclosure Sale, the property is auctioned in public to the highest bidder, who must pay the high bid price in cash. The winner of the auction will then receive the trustee’s deed to the property. Then an eviction is served for the NOW tenant and they have 72 hours to vacant the property.

How WE can help: Now that the process has been explained; here is where we can help you. We understand this is a hard time for you and selling your home can be a very difficult thing to do, but even more so when you do not a choice. Our company would like to give you the opportunity to sell your property before foreclosure. We can possibly offer you more than you owe on the home and you can walk away with some CASH in hand for selling it before it goes to Foreclosure. It would be our honor to help you out during this difficult time. Our system is very simple. We will come out and assess your property and make you an offer. If we come to an agreement you will have cash in your hand in just a matter of days.