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A Direct Sale Can Reduce the Work—But the Details Matter
A cash sale can remove buyer-financing risk, but it does not automatically stop a foreclosure. The seller must know the actual sale date, reinstatement or payoff amount, title issues, and whether the proposed closing can occur in time.
- Get the foreclosure timeline directly from the lender, court, or attorney
- Request a current payoff or reinstatement figure
- Determine whether there is enough equity to cover liens and costs
- Avoid anyone guaranteeing that a sale will stop foreclosure without verification
- Consider a HUD-approved housing counselor or attorney for alternatives
