If you are behind on your mortgage, a cash sale is one option to look at. Under California Civil Code 2924, at least three months must pass after a notice of default is recorded before a foreclosure sale can be scheduled. This is general information, not legal advice. We can review your home and give a written offer.
The address and your situation, on the form or by phone. A few minutes.
After a walkthrough or a document review, you get a written cash offer. No obligation to accept it.
Nothing binds you until you sign. We provide proof of funds when the agreement is signed.
A neutral escrow company handles the paperwork, the payoff of any loan and the transfer of title.
Close when it works for you. Proceeds are paid out through escrow at closing.
You sell the house in its current condition. We do not ask you to repair, paint, stage or clean out first, and there are no open houses. You can leave belongings you do not want.
Source: California Civil Code section 2924. General information, not legal advice. For advice about your situation, talk to a California attorney.
HUD-approved housing counselors give free or low-cost help to homeowners who are behind on payments. Talk to one before you decide, whatever you decide.
Your deadline is set by the foreclosure timeline, not by us. If you have a sale date, tell us on the first call. Whether a sale can close in time depends on title, escrow and your lender's payoff. We will tell you plainly if it cannot.
A cash sale is not always the better deal. Put both next to each other and compare what you would actually keep.
A listing usually pays a commission. A direct cash sale to us does not use a listing agent.
A listing often needs repairs, cleaning or credits to buyers. A cash sale is as-is.
A listing means photos, showings and waiting. A cash sale has no showings.
A listing can bring a higher sale price. A cash offer is usually lower. Ask for both numbers and compare.
A listed sale can fall apart over financing or inspections. A cash purchase agreement has no loan contingency.
Three things to start: your name, your phone and the address. Gary reviews every property himself and follows up with you.
Under Civil Code 2924, at least three months must pass after the notice of default is filed before a sale can be scheduled. The actual timeline varies. Read your notices and ask an attorney.
It is a document your lender's trustee records after you fall behind, which starts the formal foreclosure process in California.
Often, yes. An owner can sell before a foreclosure sale. Whether it works depends on your payoff, your equity and your dates. Ask your lender and an attorney.
HUD-approved housing counselors give free or low-cost advice on foreclosure options. Use HUD's find-a-counselor page linked above.
Usually, yes. A listing can bring a higher price but takes time and needs repairs and showings. A cash sale trades some price for speed and certainty. Compare the net on both.
No. You are only committed if you sign a purchase agreement.
No. This page is general information only. For advice about your situation, talk to a California attorney or a HUD-approved counselor.
Gary Burmaster reviews every property personally and may buy as a principal. He is a California real estate salesperson, DRE #01408894.
No commitment. A straight answer from the person who buys it.
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