A completed sale may resolve a pending foreclosure only if it closes in time and satisfies the required mortgage payoff, liens and closing obligations. Lender approval such as a short sale may be needed when proceeds are insufficient. Requesting an offer, signing a contract or transferring ownership does not itself stop foreclosure.
Mortgage delinquency and repairs
After job loss, the seller was about seven months behind. The as-is transfer used existing financing, with reinstatement handled separately. Taking title subject to financing did not itself cure the default or release the original borrower.
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An inherited home and its contents
The family was handling a dated inherited house with belongings and work materials remaining. The mortgage was behind. The property sold as-is; no particular foreclosure filing or auction date is established.
Read the full case studyA completed sale may resolve a pending foreclosure only if it closes in time and satisfies the required mortgage payoff, liens and closing obligations. Lender approval such as a short sale may be needed when proceeds are insufficient. Requesting an offer, signing a contract or transferring ownership does not itself stop foreclosure.
Tell us about the property, timing and what you want to accomplish.
We review the condition, obligations and local market, then explain any purchase proposal that may fit.
Compare the terms and responsibilities. You are not obligated to sell; any closing follows the written agreement and its conditions.
Florida mortgage foreclosure is judicial: it proceeds through the courts. Do not rely on a nonjudicial trustee-sale explanation or assume a fixed number of days remains. Read your notices and court papers, confirm any scheduled sale date, and consult a qualified Florida attorney about your deadlines.
Ask your servicer for a current written payoff. The past-due amount is not necessarily the amount needed to pay off the loan. A closing company must review title, liens, and other required amounts. Compare the estimated net proceeds and realistic closing timetable for a traditional listing and a direct cash purchase.
A short sale requires lender approval. Confirm in writing whether any remaining balance will be forgiven. Requesting an offer, signing a contract, or applying for assistance does not itself pause the foreclosure.
Taking over or purchasing subject-to a delinquent mortgage does not itself cure default or stop foreclosure. Selling also does not guarantee that prior credit damage will be erased.
If you hope to keep the property, ask your servicer about available assistance and consider a HUD-approved housing counselor. Seek legal advice about court proceedings or bankruptcy.
For the detailed selling checklist, read Can I Sell My House in Foreclosure in Florida?. To discuss a potential purchase, review our Florida sale options before foreclosure or call (407) 214-0772. An offer is an option to evaluate, not a promise to stop foreclosure.
