Sell Your House to Avoid Foreclosure in NYC
Falling behind on your mortgage can be stressful, but you may still have options. If you’re considering selling your New York City home before a foreclosure sale, CashBuyersNY can help you explore a direct cash sale based on your property’s situation. Tell us about your home, your timeline, and what you’re dealing with.
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Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Facing Foreclosure? You May Still Have Options
Falling behind on your mortgage can quickly become overwhelming. You may be dealing with missed payments, collection notices, a pre-foreclosure notice, or even a foreclosure lawsuit.
If you don’t want to lose the property through foreclosure, selling the house may be one option to consider—particularly if you have enough equity to satisfy the mortgage and other obligations at closing.
CashBuyersNY gives NYC homeowners a direct way to explore a potential sale. Tell us about the property and your situation, and we’ll review whether the house may be a fit for a cash purchase.
Important: A cash sale isn’t the right solution for everyone. You should also contact your mortgage servicer and consider speaking with a qualified housing counselor or attorney about your available options. New York homeowners facing foreclosure may have alternatives such as loan modification, repayment plans, short sales, or deed-in-lieu arrangements depending on their circumstances.
Don't Let an Unwanted Property Become a Bigger Financial Burden
When you’re behind on your mortgage, the costs of keeping the property can add to the pressure. Understanding your options early can give you more time to make an informed decision.
No Repairs Required
Cash Offer in 24 Hours
Zero Fees
Your House Doesn't Have to Be Perfect to Sell
Financial pressure doesn’t always come with a property that’s ready for the traditional market.
Your house may be outdated, vacant, damaged, or in need of significant repairs. You may also be dealing with unpaid property taxes, liens, or other complications.
If you’re considering selling before foreclosure, you don’t necessarily need to renovate the property first.
CashBuyersNY considers homes in different conditions. Tell us what you’re dealing with, and we’ll review the property based on its individual circumstances.
- NYC Cash Home Buyers
- Houses in Different Conditions
- Sell As-Is
- Vacant Properties Considered
- Properties Needing Repairs
- Distressed Properties Considered
- Direct Selling Option
Local NYC Home Buyers
Fair Cash Offers
No Repairs Needed
No Realtor Fees
Flexible Closing Date
No Cleaning Required
When Selling Before Foreclosure Becomes Complicated
Every foreclosure situation is different. The earlier you understand your options, the more informed your decision can be.
Facing Foreclosure
If your lender has started the foreclosure process, time is critical. We can move quickly to give you a cash offer and close fast enough to protect your credit and your future.
Inherited a Property
Dealing with an inherited house is stressful, especially when the property needs repairs or has multiple family members involved. We buy inherited properties in New York as-is, fast and without complications.
Divorce
When a shared property needs to be sold as part of a divorce settlement, speed and simplicity matter. We work with both parties and can close quickly so everyone can move forward.
Vacant Home
An empty house costs money every month — taxes, insurance, and maintenance. We buy vacant homes in New York City in any condition so you can stop the financial drain immediately.
Relocating From NYC
If you have a new job or are moving out of state, we can work on your timeline and close before you leave. No need to manage a sale remotely from another city.
House Needs Repairs
Whether your property needs a new roof, has structural issues, water damage, mold, or has not been updated in decades — we buy it exactly as it is. You do not need to fix a single thing.
How Much Equity Do You Have in Your House?
Before deciding whether to sell, it’s important to understand your property’s approximate value and what you owe against it.
For example, if your home could sell for more than your mortgage payoff and other liens or selling expenses, you may have equity that could be used to satisfy those obligations at closing.
But if you owe more than the property is worth, a traditional sale or cash sale may not be enough to pay everything owed. In that situation, you may need to discuss alternatives such as a short sale with your mortgage servicer.
New York’s Department of Financial Services identifies short sales and other loss-mitigation options as possible alternatives to foreclosure depending on the homeowner’s circumstances.
CashBuyersNY can review the property and provide an offer for you to consider, but you should also understand your mortgage payoff and other obligations before making a decision.
From Property Address to Closing Table
Give us the address and a few details about the property. Tell us what you’re hoping to accomplish and why you’re selling.
What Are Your Options When Facing Foreclosure?
Selling your house is one possible option, but it isn’t the only one. Your best choice depends on your financial situation and where you are in the foreclosure process.
| Traditional Realtor | CashBuyersNY | |
|---|---|---|
|
Commissions / Fee:
|
6% On average is paid by you, the seller |
None |
|
Inspection & Financing Contingency:
|
Yes! Upto 15% of sales fall through |
None |
|
Appraisal Needed:
|
Yes! Sale is often subject to appraisal
|
None! We make cash offer
|
|
Average Days Until Sold:
|
14-90 +/- Days
|
IMMEDIATE CASH OFFERS
|
|
Number of Showings:
|
It Depends
|
Just Us
|
|
Closing Date:
|
30-60 +/- Days after accepting buyers offers
|
The Date of YOUR CHOICE
|
|
Who Pays for repairs?:
|
Manage Repairs YOURSELF
|
NONE! We Pay for All Repairs
|
|
Able to show cash proof of funds
|
No
|
Yes
|
Our Work Has Been Recognized
We Help Homeowners Throughout New York City
New York City
Queens
Long Island
Nassau County
Suffolk County
Brooklyn
Staten Island
Questions Homeowners Ask About Selling to Avoid Foreclosure
Can selling my house prevent foreclosure?
Selling a house may be an option for resolving mortgage debt before a foreclosure sale, but it does not automatically stop a foreclosure. The timing, mortgage payoff, equity, lender requirements, and status of the foreclosure case all matter.
Can I sell my house if I am behind on my mortgage?
Potentially. Being behind on mortgage payments does not automatically prevent you from selling your property. However, your mortgage payoff, liens, title, and foreclosure status need to be addressed.
Can I sell my house after receiving a foreclosure notice?
You may still have options after receiving a foreclosure-related notice, but you should act quickly. Review the notice, contact your mortgage servicer, and consider speaking with a housing counselor or attorney.
Can I sell my house if foreclosure has already started?
Potentially, but the stage of the foreclosure process is important. If a foreclosure lawsuit has been filed or a sale has been scheduled, you should consult an attorney and your closing professionals before assuming there is enough time to sell.
Can I sell my house as-is to avoid foreclosure?
You can explore an as-is sale if your property needs repairs. Selling as-is may reduce the need to spend additional money preparing the property for the traditional market.
What if I owe more on my mortgage than my house is worth?
If the property’s value is less than the amount owed, a standard sale may not generate enough money to satisfy the mortgage. You may need to discuss a short sale or other alternatives with your mortgage servicer.
Can a cash buyer pay off my mortgage?
The proceeds from a property sale can generally be used toward amounts due at closing, subject to the transaction’s terms and the mortgage payoff. Your closing agent or attorney can explain how the payoff is handled.
Do I need to repair my house before selling it to avoid foreclosure?
Not necessarily. You can explore an as-is sale without completing major repairs first. The property’s condition will be considered when determining its value and any offer.
Can I sell a house with liens while facing foreclosure?
Potentially. Liens and other claims against the property need to be identified and addressed during the transaction. A title review can help determine what needs to be resolved.
