Can You Stop Foreclosure with Cash Buyers?

Category: Real Estate

Facing foreclosure is an unfortunate reality that you may be currently dealing with. But is there an immediate solution to stopping foreclosure? Typically, the foreclosure process begins after the third consecutive default on a mortgage payment. And most lenders will give you 90 days to pay back the full amount—plus additional fees and penalties. But paying off three months worth of mortgage payments in full may not be realistic for many of us. Selling your house for cash is becoming an increasingly popular option for many homeowners facing foreclosure. But how does it work? Is it realistic? And can you really stop foreclosure with a cash buyer?