Selling situation
Exploring a Sale When Behind on Mortgage Payments
Falling behind on mortgage payments is stressful, and in Texas a lender can pursue non-judicial foreclosure on a deed-of-trust loan. This page explains the situation generally and points you toward options — it is not legal advice, and a sale does not automatically stop foreclosure.
Concerns you may have
- You've missed payments and aren't sure how to catch up.
- You've received notices and worry about losing the home.
- You want to avoid a foreclosure on your record if possible.
- You're unsure whether selling is even an option at this point.
Practical considerations and your choices
- • Foreclosure timelines and requirements depend on your loan documents and Texas law. A qualified attorney or HUD-approved housing counselor can explain your rights and deadlines.
- • A sale can be an option when there's enough equity to pay off the loan and closing costs, but it doesn't automatically pause a foreclosure.
- • Communicating with your lender about loss-mitigation options (forbearance, modification, short sale) is often worthwhile early on.
How a direct sale may help
- If there's sufficient equity, a direct sale may close in time to pay off the loan and avoid a foreclosure outcome — but timing is critical.
- Selling as-is means you don't need to make repairs before a sale.
- We can move on a shortened timeline if the situation allows, while you also seek professional guidance.
Limitations to understand
- • We are not attorneys and cannot stop a foreclosure or give legal advice.
- • A sale depends on sufficient equity and clear title, and closing must occur before any foreclosure sale date.
- • If you owe more than the home is worth, a short sale involving your lender may be required — that's a different process.
What information is useful before requesting an offer
- • How many payments you've missed and where the loan stands.
- • Whether you've received formal foreclosure notices and their dates.
- • Your approximate payoff amount and any second liens.
- • The property's condition and your timeline.
Frequently asked questions
Will selling stop my foreclosure?
A sale doesn't automatically pause foreclosure. If there's enough equity and the sale closes before a foreclosure sale date, it can resolve the debt. Speak with a qualified attorney or HUD-approved counselor about your specific timeline and rights.
Can I sell if I owe more than the house is worth?
You may need a short sale, which requires your lender's approval to accept less than the payoff. That's a separate process we can discuss, but it involves the lender's cooperation.
Should I talk to my lender?
Yes, early. Lenders may offer forbearance, modification, or other loss-mitigation options. A HUD-approved housing counselor can help you navigate that conversation at no cost.
How fast can a direct sale close?
Timing depends on title review and the property. If you're facing deadlines, tell us immediately so we can assess whether a sale can realistically happen in time — and please seek legal advice too.
Request an offer for your property
Share your property details and we'll reach out to discuss an offer. No obligation.