8 Ways to Avoid Foreclosure: Selling to a Cash Buyer

8 Ways to Avoid Foreclosure: Selling to a Cash Buyer

Foreclosures| Bank Foreclosures
May 19, 2024•1 min read

Selling to a cash buyer is a quick way to handle a foreclosure.

Cash buyers are professional buyers of real estate. They have systems in place to move transactions quickly. They also have partnerships with title companies and money lenders to ensure they are able to purchase the property quickly to avoid the foreclosure auction. Selling to a cash buyer keeps the Foreclosure auction off a homeowner’s credit report.

When working with SAHA, homeowners typically are allowed to stay in the property 30 days after closing which allows them time to find a new place to live. SAHA can also add in a hold-back agreement to the contract. This agreement gives the seller of the properties some of the money at closing so that they are able to put a deposit on a new residence. The remainder of the money is held at the escrow company until the property is vacated.

Selling to a cash buyer like SAHA is a very good choice in situations where the property is outdated or needs expensive repairs. Certain repairs will disqualify a property from being eligible for traditional financing. Exercise caution when working with a cash buyer as not all cash buyers are able to close. Some put offers in on many properties and then back out. SAHA is always able to close as long as homeowners are transparent when discussing the debts against a property. 

The SAHA Group is a company that buys and sells real estate, and no you don’t have to be in danger of losing it for us to buy it. But when it comes to working with homeowners, buying the property is not necessarily our number one priority. In fact, our favorite stories are where we don’t ever buy a property at all, because helping someone keep their home serves as a reminder to the personal experiences some of us have gone through when fighting to not lose our own homes to a foreclosure.

Save a House America

The SAHA Group is a company that buys and sells real estate, and no you don’t have to be in danger of losing it for us to buy it. But when it comes to working with homeowners, buying the property is not necessarily our number one priority. In fact, our favorite stories are where we don’t ever buy a property at all, because helping someone keep their home serves as a reminder to the personal experiences some of us have gone through when fighting to not lose our own homes to a foreclosure.

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