Facing Foreclosure in Hays County? Sell Your House Before the Sale Date and Keep Your Equity

Falling behind on a mortgage is stressful, and foreclosure notices can make it feel like there’s nothing left to do. But if you have equity in your house, letting it go to a foreclosure sale can mean losing that equity, along with damage to your credit that can follow you for years.

Longhorn Home Buyers buys houses in San Marcos, Kyle, Buda, Wimberley, Dripping Springs and across Hays County from homeowners who are behind on payments or facing a foreclosure sale. If selling is the right move, we can make a cash offer, pay off the loan at closing, and get you the equity that’s left.

A recent Buda homeowner kept over $90,000

We recently helped a Buda homeowner who was facing foreclosure. Instead of losing the house and their equity at the foreclosure sale, they sold to us before the sale date and walked away with over $90,000 in their pocket. Every situation is different, but the earlier you call, the more options you have.

How foreclosure usually works in Texas

Most Texas home loans use a deed of trust, which lets the lender foreclose without going to court. In general, the lender sends a notice of default giving you time to catch up, then a notice of sale at least 21 days before the sale. Foreclosure sales are held on the first Tuesday of the month at the county courthouse.

That timeline can move quickly. Once a sale date is set, you may only have a few weeks to act, so it pays to start looking at your options as soon as you fall behind.

Your options when you’re behind

• Call your lender. Ask about a reinstatement, repayment plan, forbearance or loan modification. If you want to keep the house and can afford to catch up, this is often the best first step.
• Talk to a HUD-approved housing counselor. They’re free and can help you understand your options and negotiate with your lender.
• Sell before the sale date. If keeping the house isn’t realistic, selling lets you pay off the loan, protect your credit from a completed foreclosure, and keep any remaining equity.

We’re glad to talk through all three. If selling is the right move, we can move quickly.

How we handle the loan payoff

We typically close through a Texas title company. The title company gets the exact payoff from your lender, including missed payments, late fees and foreclosure costs, and pays it off at closing. Whatever equity is left after the payoff and closing costs goes to you.

Situations we buy

• Houses where the owner is a few months behind on payments
• Houses with a notice of default or notice of sale
• Houses also behind on property taxes
• Inherited houses where the mortgage stopped being paid after a parent passed away
• Houses that need repairs, cleanup or major work
• Vacant houses and rentals with tenant problems

How it works

1. Tell us about the property. Call or text 512-995-7498 or fill out the form. The address, roughly what you owe, and any sale date is enough to start.
2. We look at the numbers. We check the property, the loan balance and any other liens.
3. Get a cash offer. We’ll show you how the payoff and closing costs are handled and what you’d walk away with.
4. Close before the sale date. No repairs, no cleaning, no showings and no agent commissions.

Areas we serve

We buy houses facing foreclosure throughout Hays County, including San Marcos, Kyle, Buda, Wimberley, Dripping Springs, Driftwood and Niederwald. We also buy in the surrounding counties, including Travis, Caldwell, Comal, Guadalupe, Bastrop, Blanco and Williamson.

Frequently asked questions

Get your cash offer

Facing foreclosure in Hays County? Call or text Longhorn Home Buyers at 512-995-7498, email thomas@longhornhomebuyers.com, or fill out the form below. We’ll give you straight answers about your options.