After a sudden medical crisis and job loss, Maria R. fell behind on mortgage payments for her Brentwood split-level. A tax lien was filed, and the bank scheduled a foreclosure auction. With the clock ticking, Maria needed to sell immediately to salvage any remaining equity and avoid a devastating foreclosure on her credit report. Listing with an agent was impossible given the 45-day auction timeline and the property’s need for cosmetic updates. Time was her biggest enemy.
Our Solution
We initiated our accelerated pre-foreclosure process:
Immediate Engagement & Proof of Funds: Within hours of her call, we reviewed the title and provided a written cash offer with verifiable Proof of Funds. This demonstrated serious buyer intent to the bank.
Direct Negotiation with the Bank: Our experienced team worked directly with the bank’s loss mitigation department to facilitate a short sale approval, using our cash contract to satisfy the outstanding debt and subordinate tax lien.
Fast-Tracked Closing: We coordinated a title search and handled all paperwork on an expedited schedule, keeping every party aligned to beat the auction date.
The Result
Closed in just 17 days, successfully canceling the scheduled foreclosure auction.
All liens and mortgages were satisfied at closing.
Maria walked away with $12,500 in cash to help with her relocation and medical expenses, preserving her financial future.
Client Testimonial: “I thought I would lose everything. We Buy Property NY gave me a lifeline and cash in hand when I needed it most. They are true professionals.” – Maria R.