Frequently Asked Questions
The questions below come up in nearly every conversation. If your question is missing, put it to us directly, and to a free housing counselor too.
- Bought as-is, for cash
- Leave repairs and cleaning to us
- Zero agent commission when you sell to us direct
- Closing on a date you choose
- Nevada-based buyer
Money questions
Cost questions are usually the first ones people ask, and they deserve specific answers rather than reassurance. A useful habit is to write down every number you are given, by whom and on what date, so you can compare offers and payoff figures side by side later.
Fees, equity and liens
The answers below cover fees, closing costs, equity, second loans and credit. If the home is worth less than what is owed, the page on options for an underwater home is more relevant than anything a cash buyer can offer.
Timing and the sale date
What a buyer can and cannot change
A sale to us does not change your foreclosure timeline. The trustee follows the dates in the recorded notices, and only the lender or a court can move them, so keep opening every letter from the servicer and the trustee. If you have just received paperwork, start with our explanation of what a Nevada notice of default means. If a date is already set, our page on options when the trustee sale is scheduled is more realistic about what can still happen.
If a Sale Is the Path You Choose
Send the address and we will look at the property, the neighborhood and whatever you decide to share. Then we reach out with a few questions and explain any offer in writing, at your pace.
Talking with us never takes other doors off the table. You can still speak with your loan servicer, a HUD-approved housing counselor or a Nevada attorney, and we would encourage it. Prefer a voice? The TALK TO ALEX button rings our line.
Your household
Associations, renters and belongings
Homes with association balances, tenants or a lifetime of belongings each raise practical questions, and the answers depend on documents you may already have, such as the lease, the association statements and the deed. Delinquent dues follow their own rules, covered on our page about HOA collection and lien foreclosure. Older owners facing a due-and-payable letter on a HECM should read about reverse mortgage tax and insurance defaults.
Trust, verification and scams
Checking anyone who offers help
Foreclosure attracts people who promise more than they can deliver. Before you sign anything, speak with a counselor you can find through the HUD housing counselor search, which lists free and low-cost agencies. A real buyer will welcome that step, and will never ask you to keep the conversation secret from your family or your lender.
Where to go next
Our walkthrough of the contract, title and closing steps explains the paperwork, and the comparison of every route to resolve a default puts a cash sale in context.
Questions Homeowners Bring Us
Do you charge homeowners any fee?
No. Requesting an offer is free and carries no obligation, and selling directly to us means no listing agent's fee. We do not charge for advice or for help with your lender, because we do not provide those services. Any closing costs are listed in the written agreement. Be wary of anyone who wants money upfront to help with a foreclosure.
Who pays the closing costs?
That split is spelled out in the purchase agreement ahead of your signature, so there are no surprises at the title company. The settlement statement from the title or escrow company will show every charge, every payoff and the amount coming to you. Read it carefully, ask questions about any line you do not understand, and have someone you trust review it.
What happens to my equity if I sell?
If the house is worth more than everything owed against it, the difference after payoffs and closing costs is paid to you at closing. A cash offer is usually below what a fully marketed listing might bring, so compare it with an agent's estimate. At a trustee sale, you do not set the price or control the outcome.
I have a second mortgage and other liens. Can I still sell?
Often, yes. The title search will find second mortgages, judgments, tax liens and association balances, and they are generally settled out of the sale proceeds when closing happens. If the combined liens are larger than the sale price, the lienholders would need to agree to accept less, and that decision belongs to them, not to us.
Will selling to you protect my credit?
We cannot promise any credit result. How a sale, a short sale or a completed foreclosure is reported depends on your payment history and on how each creditor reports the account. A HUD-approved housing counselor can explain the likely effects of each route in your situation, and that is worth doing before you decide anything.
How close to the trustee sale can we still close?
A closing has to finish before the sale date, and title work, payoff statements and lien releases all take time. We will tell you honestly if the calendar looks too tight. We cannot request or arrange a postponement, so if the date is close, talk with your servicer and a Nevada attorney at the same time.
Can you get my foreclosure sale postponed?
No. We are a buyer, not a foreclosure consultant, and we cannot delay, postpone or stop a trustee sale or negotiate with your lender. Only the lender, the trustee acting on its instructions, or a court can move the date. Owner-occupants may also have rights through the Nevada Foreclosure Mediation Program, which has strict deadlines.
When do I have to move out after closing?
The move-out date is agreed in advance and written into the contract, and you decide which day escrow closes. We do not offer arrangements where you sign the house over and rent it back with a promise to repurchase later. Nevada law specifically addresses those deals, which can leave an owner with neither the house nor the equity.
The HOA says I am behind on dues. Does that matter?
Yes. In Nevada, a homeowners association can place a lien on the home over unpaid dues and, under NRS 116, may foreclose on it through a separate process from your mortgage. If you sell, the association's resale package shows the balance, and it is generally paid at closing. Contact the association or its collection company early to ask about a payment plan.
What if tenants are living in the house?
We can buy homes with tenants in place, but their rights under the lease and Nevada landlord-tenant law continue and must be respected. Nevada also requires a separate notice to tenants before a trustee sale. Tell us about the lease terms up front, and do not pressure tenants to leave on our account. A Nevada attorney can explain your obligations as the landlord.
Do I have to clear out everything before closing?
No. You take what you want to keep, and the agreement states what happens to items left behind. Many sellers leave furniture, appliances or garage contents they no longer need. Take photos of anything valuable, keep important documents, and make sure the written agreement reflects exactly what you and the buyer have agreed about personal property.
The house needs major repairs. Is that a problem?
Not for a sale to us. We buy as-is, so you do not need to repair, clean or stage anything, and the condition is reflected in the written offer. If the house is in good shape and you have time, listing with an agent may bring a higher price, and that comparison is worth making before you choose.
How do I know a cash buyer is for real?
A real buyer can show the cash exists, usually with a bank statement or funding letter, and will tell you which Nevada title or escrow company is closing the sale. Take the written contract home and read it there. Look up the title company's number on your own and call it, rather than using one the buyer hands you. Look up the buyer's business registration with the Nevada Secretary of State, and walk away from anyone who will not answer these questions.
What foreclosure scams should I watch for?
Common warning signs include demands for upfront fees, promises to stop a sale, advice to stop paying or stop talking to your lender, requests for a power of attorney, claims of a government or lender affiliation, and offers to take the deed while you rent the home back. Nevada's NRS 645F prohibits many of these practices. Report concerns to the authorities.
Are you a foreclosure consultant?
No. In Nevada, a foreclosure consultant is someone who, for compensation, offers to stop or postpone a sale, obtain forbearance, help with reinstatement or save the home. Those people must be licensed. We offer none of those services. We only buy houses, and once a notice of default is recorded, Nevada calls a business like ours a foreclosure purchaser.
Should I talk to a housing counselor before calling you?
Yes, if you can. HUD-approved housing counseling agencies offer foreclosure counseling for free or at low cost, and they can review your budget, explain your servicer's programs and help you prepare for mediation. Talking with a counselor first makes it easier to judge whether selling is right for you, and it costs nothing to ask.