If you’ve fallen behind on payments and a foreclosure date is approaching, time is the one thing you don’t have a lot of. Reinstating the loan, a modification, a short sale — each option works differently, and some need weeks you may not have.
915 Home Buyers works with El Paso homeowners facing foreclosure to close quickly, often before a sale date ever arrives. We’re not attorneys and this isn’t legal advice — for guidance specific to your loan, a Texas foreclosure attorney or HUD-approved housing counselor can walk through your options in detail. What we can do is make a fair cash offer and move fast enough to matter.
Texas uses a non-judicial foreclosure process, which moves faster than many other states. In general terms, a lender sends a notice of default, and if the loan isn’t brought current, a notice of sale is posted at least 21 days before the property can be sold — typically at auction on the first Tuesday of the month. The exact timeline and your rights depend on your specific loan, which is why the Texas Property Code (Chapter 51) and a qualified attorney are the right places to confirm details for your situation.
Paying the full past-due balance, plus fees, brings the loan current — but requires having that amount available before the sale date.
Your lender may agree to adjust the loan terms, though approval isn't guaranteed and the process can take time you may not have.
A temporary pause or reduction in payments can buy time, but the missed amount is usually still owed afterward.
Selling for less than what's owed, with lender approval, can work — but the approval process often takes longer than homeowners expect.
A direct sale can close in days rather than weeks, giving you control over the timeline instead of the bank.
Voluntarily transferring the property to the lender can stop proceedings, though it still affects your credit.
When a sale date is set, waiting on a traditional listing isn’t realistic — financed buyers can take 30–45 days or longer to close, with no guarantee the deal won’t fall through. Selling directly to us is built for exactly this kind of timeline.
A traditional listing depends on a financed buyer, an appraisal, and a lender’s timeline — none of which move fast enough once a sale date is set. Selling directly to us skips all of that: no financing contingencies, no appraisal delays, and no commissions eating into what you walk away with. You can read more about how the full process works on our Our Process page.
It depends on how close your sale date is, but we’ve helped homeowners close just days before a scheduled sale. The sooner you reach out, the more time we have to work with.
A completed foreclosure typically does more damage to your credit than a sale that pays off the loan beforehand. Selling first is generally the better outcome for your credit.
Your payoff amount is settled out of the sale proceeds at closing — you don’t need cash on hand beforehand.
This is sometimes called being underwater on the loan. Depending on the numbers, a short sale with lender approval may be worth exploring alongside a direct sale — we can talk through what’s realistic for your situation.
In many cases, yes. We move as quickly as the title and payoff process allows, often within 7 days.
No. We also work with homeowners who are current but know a sale is the better option before things get worse.
We coordinate directly with your lender and the title company to confirm the payoff amount, so you don’t have to manage that back-and-forth yourself.
Any proceeds beyond your loan payoff, fees, and closing costs go to you at closing.
No — reinstatement, loan modification, short sale, and deed in lieu are all possibilities depending on your circumstances. A direct sale is simply the fastest and most predictable of these options.
Selling before a completed foreclosure is generally far less damaging to future financing than a foreclosure on your record. For specifics on your situation, a mortgage lender or housing counselor can advise you directly.
No. Our cash offers are free, with no obligation to accept.
Typically within 24–48 hours of hearing from you.
If a foreclosure date is approaching, don’t wait to see what happens. Reach out today, or browse other situations we help with if foreclosure is just part of what you’re dealing with.
We care about helping people across the El Paso area with their most pressing home sale issues. Hear from just a few of the local people and families we’ve been honored to help out over the years.
We Buy Houses! Any House. Any Condition. Any Situation.
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