Stage Guide
Foreclosure Timeline
Select your current situation to see where you are in the foreclosure process and what options are typically available at each stage.
Which best describes your situation?
Know Your Options
Selling Before Foreclosure Is Often Possible
Foreclosure is a legal process that typically takes time to complete, and in many cases homeowners have options at every stage before the property is sold at auction. The earlier you act, the more paths are available to you: reinstating the loan by paying overdue amounts, negotiating a loan modification with the lender, or selling the home to pay off the balance and avoid a foreclosure record.
A cash sale is one of the fastest ways to stop the process. Because there is no financing contingency, a cash buyer can often close in a matter of days once the title is clear, which can give you time to settle the debt and protect your credit from a completed foreclosure. HomeWise buys houses in pre-foreclosure and can work directly with your lender to coordinate a closing. Learn more about selling before foreclosure →