If you’re behind on your mortgage payments and have received a notice of default from your bank, you may not have much time before your bank starts the foreclosure process. And if you aren’t able to come up with the money to get current on your payments or work out an arrangement with your bank, then selling your house while in pre-foreclosure may be your best option.

There are a couple of main reasons to sell your house quickly if you’re in pre-foreclosure. First, every time you’re late on a mortgage payment, it affects your credit score. But not nearly as much as having a foreclosure on your credit report. That can have a huge impact on your score for years and can make it much more difficult for you to buy another home.

The second reason is that if the bank repossesses your home, you’ll probably end up losing all the equity you’ve managed to build. The bank won’t care that you’ve already paid for 60% of your home – they’ll take the whole thing. So if you want to get that equity out, you’ll need to sell your home fast.

How to Sell Your House While in Pre-Foreclosure

Selling a house while in pre-foreclosure isn’t always easy. Many realtors won’t even touch your home. And even if they will, selling your house on the open market could take time that you don’t have – especially if you have an older home that’s in need of repair.

That’s just one of the reasons that people who are looking to sell a home in pre-foreclosure often turn to real estate investors and companies the buy houses for cash. Another is that cash home buyers are often more flexible. The condition of your home won’t be a turn-off, and they can work with you on your timetable to help you avoid foreclosure, and avoid losing the equity in your home.

Why Choose Home Cash Guys

As one of the greater Philadelphia area’s most reputable companies that buy houses, we’ve worked with thousands of homeowners in all kinds of difficult situations. We’re well-versed in both the local markets and the foreclosure process, and are able to help many sellers out when others can’t. Here are a few of the reasons homeowners who are in pre-foreclosure come to Home Cash Guys:

• We buy houses for cash, so you don’t have to wait for a buyer, or for a bank to approve a loan.
• We may be able to bring your mortgage payments up to date within days, stopping the foreclosure process and the negative impact on your credit score.
• We’re flexible and can work on your schedule, and can often close deals in just 15 days.
• We’ll buy your house in any condition, and will never ask you to make repairs.
• We’ll help you navigate the pre-foreclosure process, and handle all the paperwork.
• You’ll avoid forfeiting the equity in your home, and walk away with cash.

We know how stressful the foreclosure process is, and how much is at stake. If you need to sell your home fast to avoid foreclosure, call Home Cash Guys today or fill out this short form to get started. We’ll make you a free, fast, no-obligation offer no matter what condition your home is in. Let us help you put the stress of foreclosure behind you by making you an offer today.

Greg Yuter

Partner & director of dispositions

Born and raised in central New Jersey, I’ve proudly called Pennsylvania home for over 24 years, where I live with my son Aaron. When I’m not working with Home Cash Guys, I enjoy exploring new places, reading history, mountain biking, soaking up nature, and geeking out over cars.

With years of experience in real estate, I specialize in helping homeowners find practical, stress-free solutions when selling their houses. My skills include problem solving, market knowledge, and guiding people through tough situations like foreclosure, inheritance, or major repairs.

What drives me most is helping people overcome real estate challenges and creating brighter futures for their families. Knowing I can make a positive difference in someone’s life through real estate solutions is what inspires me every day.