Metroplex Homebuyers purchases Dallas-Fort Worth homes facing a posted foreclosure sale. Start by telling us the sale date. Even with only a few days left before the auction, we have experience stopping a foreclosure sale and helping homeowners preserve more of the equity in their house.
Most Texas home foreclosures proceed without a court case. For a home you live in, the servicer generally must send a notice of default that gives you at least 20 days to catch up.
A notice of sale must then be posted, filed, and mailed at least 21 days before the sale. Foreclosure sales take place on the first Tuesday of the month at the county courthouse.
We confirm the posted sale date and review the notices you have received. From there, we work backward and lay out the path before you accept our offer.
What a Sale Accomplishes
We open title immediately and have the title company request a full payoff from your mortgage servicer, including missed payments and fees. The title company pays it at closing, and the scheduled sale is canceled.
Any equity remaining after the payoff and closing costs is yours. Selling before the auction also avoids a completed foreclosure, which generally damages credit more than late payments alone.
Aaron M.
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Recommends Metroplex Homebuyers
Brandon Franklin at Metroplex Homebuyers went above and beyond to get our house sold before it was foreclosed on. Why was it so close to foreclosure? Long story, but suffice it to say that it was through no fault of Metroplex Homebuyers and they moved quickly and guided us through the process of getting our house closed in a very short amount of time. They are professional, hardworking, and pay the utmost attention to detail. They pulled our bacon out of the fire and were a pleasure to work with as they did it.
We purchase with our own funds, so there is no lender approval to wait on. Title opens right away, and we work directly with the title company and your servicer from the first day.
We usually need about three business days before the auction to buy the house and stop the sale. Your written offer is typically ready within 24 hours, and closing can take as little as seven days when title is clear.
We buy as-is, charge no commission, and cover normal seller closing costs.
Noelani P.
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Recommends Metroplex Homebuyers
Great company to sell your house thru. Our first appointment went smoothly with Josh arriving exactly on time. The offer arrived shortly after, closing in 15 days and now money in bank. I can highly recommend working with this company.
A sale is not the only option we consider. We have brought sellers current on their past-due balance, known as the arrears, so the loan could be reinstated. We can also buy subject-to, meaning we take ownership with the existing loan left in place rather than paying it off. We walk through the trade-offs of each before anything is signed.
If you owe more than the house is worth, a sale typically requires the lender to approve a short sale, accepting less than the full payoff. That approval takes time, so starting early matters.
In some cases, a loan modification or a free HUD-approved housing counselor is the better route, and we will tell you if that is where the facts point. Be wary of anyone who charges an upfront fee in exchange for a promise to stop a foreclosure.
Darren D.
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Recommends Metroplex Homebuyers
Justin is amazing! He gave me a reasonably priced renovation quote within a day. Instead of pushing me to go forward with the renovation and have him sell my home, Justin advised that it was in my best interest to hold the property as a rental. In other words, Justin's very honest-- even when it is not in his self-interest. Also, he's got great market knowledge and knows his numbers. Highly recommend!
The same simple process every seller gets, applied to your situation.
1
Tell Us the Sale Date
Enter the property address or call us. Share the posted sale date and any notices you have received so we can work from the actual deadline.
2
Review Your Written Offer
Your offer is usually ready within 24 hours. We buy the house in its current condition, and the offer explains how we priced it and how the mortgage payoff affects your proceeds.
3
Close Through a Title Company
When title is clear, closing can take as little as seven days. The title company pays off the loan, handles the closing, and confirms the scheduled sale is canceled.
Common questions
Can I sell my house if it’s already in foreclosure?
Often, yes, as long as the foreclosure sale has not taken place. We usually need about three business days before the auction to buy the house and stop the sale, and we will tell you plainly whether there is enough time.
How long do I have before the foreclosure sale in Texas?
For a home you live in, the servicer generally must give you at least 20 days to catch up after the notice of default. The notice of sale must then be posted, filed, and mailed at least 21 days before the first-Tuesday sale.
How quickly can you close on a house in foreclosure?
In as little as seven days when title is clear. We purchase with our own funds and open title immediately, so there is no lender approval to wait on.
What if I owe more than the house is worth?
A sale typically requires the lender to approve a short sale, accepting less than the full payoff. Lender approval takes time, so the earlier you start, the more options you have.
Will I receive any money from the sale?
The title company pays the mortgage payoff first, including missed payments and fees. Any equity left after the payoff and closing costs is yours.
Should I pay someone to stop my foreclosure?
No. Avoid anyone who charges an upfront fee for a promise to stop a foreclosure. Reinstatement, a loan modification, or a free HUD-approved housing counselor may serve you better than a sale.
Metroplex Homebuyers gave us the best price for the house we sold, and honored everything they said they would. In addition, their sales agreement was clear and straightforward. All the staff I dealt with were courteous, professional, and helpful, and the title company they work with was very much the same. Overall, this was a very good experience.
Response from Metroplex Homebuyers
Thank you so much David, we really do appreciate it!
Brandon at Metroplex homebuyers was absolutely great throughly the entire process. I would defiantly recommend him and his team to anyone looking to buy or sell their home. Simple, fast, easy, and they gave us the most for our house.
Metroplex Homebuyers made selling my house an extremely easy and worry-free process! Josh came out quickly and made me a great offer on the spot! By the next day, Brandon had contacted me and was in touch with the title company to ensure that the closing went smoothly. Every time I had a question (and I had LOTS of questions) they answered promptly and thoroughly. They were friendly and appreciative of my business! The title company they work with was also wonderful. A notary even came to my house to make my life easier. The house was paid off and money was in my account the next day! I highly recommend this company to anyone that wants to sell their house quickly and for a great price.
