Avoiding foreclosure
You have more options than you think
You aren't the first person to go through a foreclosure and you won't be the last. So don't feel ashamed — it happens. The best thing you can do right now is understand your options.
“List my house for sale”
- Have 4–6 months? Listing may put more in your pocket
- Save your credit from the wreckage of a foreclosure
- See if your situation qualifies
“Get a fair cash offer today”
- Let us know about your situation and your house
- We'll evaluate it quickly — usually within 24 hours
- You'll receive a fair win-win all-cash offer
Want to stop foreclosure now?
What actually happens and where you can still act
For some people, selling the home is the best option — we'll make a fair all-cash offer on your house today. Sometimes we're able to help homeowners stop foreclosure completely. And sometimes the right answer has nothing to do with us at all.
The one thing that never helps is waiting. Almost every option available to you gets narrower as the auction date gets closer, so the earlier you look at this, the more choices you have.
Talk to a free HUD-approved counselor
This costs nothing and they are not trying to buy your house. They can review your situation, contact your lender on your behalf and explain the programs you may qualify for.
Find a HUD counselorAsk your lender about loss mitigation
Forbearance, a repayment plan or a loan modification may be available — particularly if the hardship was temporary and you can document it. Lenders generally prefer this to foreclosing.
Sell before the auction date
If there is equity in the house, selling it — to us or to anyone — is almost always better than letting it go to auction. A foreclosure stays on your credit for seven years and you lose whatever equity was left.
A word of caution. Foreclosure lists are public, which means distressed homeowners get targeted. Be wary of anyone asking for an upfront fee, anyone who wants you to sign over the deed while staying in the house and anyone who will not close at a reputable title company.
Let us look at your situation
We'll evaluate it quickly — usually within 24 hours — and tell you honestly what we think your options are.
Would rather just talk?
713-730-9000Common questions
Questions about foreclosure
What are my options if I am facing foreclosure in Houston?
You have more options than you think. You can talk to a free HUD-approved housing counselor, who can review your situation and contact your lender for you. You can ask your lender about loss mitigation — forbearance, a repayment plan or a loan modification. If you have 4–6 months, listing the house may put more in your pocket. Or you can sell before the auction date, to us or to anyone. Every option narrows as the auction date gets closer, so the earlier you look at this, the more choices you have.
Can selling my house stop a foreclosure?
Often, yes. If there is equity in the house, selling it — to us or to anyone — is almost always better than letting it go to auction. A foreclosure stays on your credit for seven years and you lose whatever equity was left. Sometimes we are able to help homeowners stop foreclosure completely and sometimes the right answer has nothing to do with us at all.
How do I avoid foreclosure scams?
Foreclosure lists are public, which means distressed homeowners get targeted. Be wary of anyone asking for an upfront fee, anyone who wants you to sign over the deed while you stay in the house and anyone who will not close at a reputable title company.
How quickly can you actually close?
Once we get your info, we’re usually able to make you a fair all-cash offer within 24 hours. From there we can close as quickly as 7 days or on whatever schedule suits you — sometimes we can have a check in your hand the very same day. We close at a local, reputable title company, so there is never any question about where the money is coming from.
The sooner you look at this, the more options you have
Tell us what's going on. We'll give you a straight answer about whether we can help — and if we can't, we'll tell you who can.