You May Have More Time Than You Think — And More Options
If your lender has filed for foreclosure, you may have as few as 21 days before you lose the house and every dollar of equity in it. Texas is one of the fastest foreclosure states in the country -- there's no right of redemption after the sale. But if you act now, you still have options. We can buy your house for cash and close before the auction date.
What happens if you do nothing
In Texas, the foreclosure process moves fast. Once the notice of sale is filed, the property goes to auction on the first Tuesday of the month. The bank takes everything -- your equity, your credit, your options. A foreclosure stays on your record for seven years and can result in a deficiency judgment, meaning you could still owe money after losing the house.
Most Tyler-area homeowners have $30,000 to $80,000 in equity they'd lose completely in a foreclosure. That's money you earned. It doesn't have to go to the bank.
What happens if you sell to us
We pay off your mortgage at closing, and you keep the difference. That's your equity -- in your pocket, in cash, usually within 7 to 10 days. Your credit takes a normal sale hit instead of a foreclosure, which means you can buy another home in 2 years instead of 7.
We've helped homeowners close with less than two weeks until auction. Our fastest close was three days. We use our own cash, so there are no bank approvals, no appraisals, and no delays.
We buy houses like these. Then we renovate them.
These aren't stock photos. These are real properties we purchased and transformed.
Before -- as purchased
After -- finished renovation
Get help before your auction date
Tell us about your situation. No judgment, just options.
We received your information.
Mike will call you as soon as possible. If your auction is within 2 weeks, call (940) 373-0567 now.
Common Foreclosure Questions
How fast can you actually close?
Our fastest close was 3 days. Average is 7-10 days. We buy with our own cash, so there are no bank approvals or appraisals to wait on. If your auction is next week, call us -- we've made it work with less notice than that.
Will I have any money left after paying off the mortgage?
Most homeowners in the Tyler area have built real equity. We pay off your remaining mortgage balance, and you keep the difference. The amount varies, but we've seen sellers walk away with $15,000 to $50,000 or more.
Can you stop a foreclosure that's already been filed?
Yes, as long as the sale hasn't happened yet. Even if the notice of sale has been posted, we can close before the auction date. The sooner you call, the more options we have.
What if my house needs repairs?
We buy as-is. Roof problems, foundation issues, code violations -- none of it matters. We handle all repairs after we close. You don't spend a dollar or lift a finger.
Is this a scam? How do I know you'll actually close?
We understand the skepticism. Mike DeWitt is a retired Air Force Major and Air Force Academy graduate. We buy with our own funds -- not a bank's, not an investor's. We've closed 12 properties. We're happy to provide references and proof of funds before you commit to anything.