Sell your house before the foreclosure auction
If a notice of default or a sale date is already on the calendar, a fast cash sale can pay off the lender at closing — and you keep whatever equity is left.
- No repairs or cleaning
- No agent commissions
- Funds held by title
The short answer
DispoKey buys houses for cash from homeowners facing foreclosure, closing in as little as 10–14 days so the mortgage is paid off before the auction date and any remaining equity goes to the seller instead of the lender.
What weighs on you
We hear this every week
The clock is the lender's
Every week adds late fees, legal fees and interest to what you owe.
Auctions rarely pay full value
Equity can disappear when a house sells on the courthouse steps.
Credit damage lingers
A completed foreclosure stays on a credit report for years.
Side by side
Your options, honestly compared
Direct sale with DispoKey
- Time to close
- As little as 10–14 days
- Who keeps leftover equity
- You, at closing
- Repairs or showings
- None
- Risk the deal falls through
- Low — cash, no lender
- Foreclosure on your record
- Avoided if we close first
Let it go to auction
- Time to close
- Set by the lender
- Who keeps leftover equity
- Often lost to fees & bidding
- Repairs or showings
- None
- Risk the deal falls through
- N/A
- Foreclosure on your record
- Yes
List with an agent
- Time to close
- Often 60–120 days incl. escrow
- Who keeps leftover equity
- You, if it sells in time
- Repairs or showings
- Usually required
- Risk the deal falls through
- Buyer financing can collapse
- Foreclosure on your record
- Avoided only if it closes in time
How it works
Four calm steps, at your pace
Tell us your sale date
We work backward from your auction or deadline, not our convenience.
Get a written cash offer
Usually within 24 hours. We ask for a payoff statement to confirm the numbers.
Title pays the lender
Our title partner orders the payoff and sends it straight to your lender at closing.
You keep the rest
Remaining equity is wired to you. The foreclosure is cancelled once the loan is paid.
The short answer
DispoKey buys houses for cash from homeowners facing foreclosure, closing in as little as 10–14 days so the mortgage is paid off before the auction date and any remaining equity goes to the seller instead of the lender.
- 1Tell us your sale date
- 2Get a written cash offer
- 3Title pays the lender
- 4You keep the rest
How foreclosure timelines usually work
Foreclosure is set by state law and by your loan documents. Some states use a court process (judicial foreclosure) that can run many months; others allow a faster trustee sale outside of court. In most cases federal servicing rules prevent a lender from starting the first legal filing until a borrower is more than 120 days behind.
Because the exact deadlines differ, the single most useful document you have is the most recent notice from your lender or trustee. It names the date that matters. Share it with us and we'll tell you honestly whether a sale can close before then.
Selling vs. other ways to stop foreclosure
Selling isn't the only option. Reinstatement (paying the past-due amount), a loan modification, a repayment plan, a short sale or a bankruptcy filing can all pause or end a foreclosure. A HUD-approved housing counselor can walk you through them for free, and a local attorney can explain your state's rights of redemption.
A cash sale makes the most sense when you have equity in the home, don't want to keep it, and need certainty about the date. If the loan balance is higher than the home's value, ask us about a short sale — the lender would need to approve it.
What we need from you
A copy of the latest lender notice, a recent mortgage statement, and permission for title to request an official payoff. That's it. Closing runs through a licensed title company or closing attorney, which pays off liens and mortgages from the sale proceeds before you're paid.
This page is general information, not legal, tax or financial advice. Rules vary by state; for your specific situation, talk with a licensed attorney, tax professional or HUD-approved housing counselor.
Questions homeowners ask
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