Sell a House in Foreclosure in Queens

You have more time than in most states — use it

Because New York requires lenders to foreclose through the courts, the process from first missed payment to auction commonly runs a year or more, and a mandatory settlement conference is built in. That window is your opportunity: as long as you sell before the final judgment and auction, you stay in control of the outcome.

The mistake many homeowners make is waiting until the auction date is set. The earlier you act, the more options you have and the more of your equity you keep.

Selling vs. letting it go to auction

At a foreclosure auction, the home often sells for less than market value and any surplus is tied up in the courts — while the foreclosure itself lands on your credit for years. Selling directly for cash lets you pay off the mortgage balance, walk away with whatever equity remains, and avoid a completed foreclosure on your record.

We can typically close in as little as 7–14 days, which is often faster than a lender's timeline once you're deep into the process. If your equity is thin, we can also communicate with your lender about a payoff.

What we need to move quickly

To make a firm offer we'll want the property address, your approximate loan payoff, and where you are in the foreclosure timeline (missed payments, lis pendens filed, judgment, or auction scheduled). With that, we can usually give you a same-day cash number and a clear plan.