Completed purchase · Gresham, Oregon
A Gresham homeowner was weeks from a scheduled foreclosure sale after mortgage payments had fallen behind. The home still had equity. We completed a purchase before foreclosure, and the seller received part of that remaining equity.
Purchase account from Cash Buyer Portland
Call or text (503) 850-0888Based on a completed purchase. Seller names and street addresses are withheld. Timing and outcomes vary by property.
The seller had fallen behind on mortgage payments and was within weeks of the bank's foreclosure sale. There was still equity after accounting for the outstanding principal and payments in arrears.
The relevant question was whether a sale could be completed in time, with enough proceeds to address the debt and leave funds for the homeowner.
We helped the seller obtain a postponement of the foreclosure sale while we finalized the purchase agreement and closed the transaction.
That postponement was part of this particular purchase. It cannot be promised for another homeowner or deadline, and a proposed purchase should never be treated as confirmation that a foreclosure sale has been stopped.
The transaction closed and the homeowner received a portion of the remaining equity. That was the outcome of this sale, rather than a guarantee of what any other homeowner would receive.
We bought the property directly. The purchase did not depend on finding somebody else to take over our contract.
Get the current deadline and payoff information directly from the servicer and appropriate professionals. Compare any purchase offer with the realistic alternatives available within that timeline.
Our role is to explain a potential purchase and the closing we can support. For loan, legal or foreclosure questions, contact the servicer, a qualified attorney or a HUD-approved housing counselor promptly.
More about a direct purchase
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Sell as-is and choose your closing date. The offer is free and there is no pressure to accept.
