Elkridge, MD › Foreclosure
Can I Sell My Elkridge House Before Foreclosure?
If a foreclosure sale is scheduled, tell us the date right away so we can try to close before it.
Yes. You may still be able to sell if the loan can be paid off at closing before the sale. We can review the notice, payoff, and timing with you.
We answer 24/7 at 888-274-5006How we help you work toward closing
We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us.
You get a written offer and written terms before you commit, and we close through a title company.
We review the sale date and mortgage payoff with you and work toward closing before the sale. If a foreclosure sale is scheduled, tell us the date right away so we can try to close before it.
When you sell to us, we pay the closing costs, including Maryland's state transfer tax, recordation tax and any applicable county transfer tax. No agent commissions when you sell to us. No fees.
Which sale is on your notice?
A mortgage foreclosure concerns the home loan. In Maryland, the lender's appointed individual can hold the sale under the terms in your mortgage papers, after giving you at least 10 days' notice. The circuit court must ratify the sale afterward.
The lender must mail a notice of intent at least 45 days before filing for foreclosure, and cannot file until 90 days after the default. If you live in the house, you can generally request foreclosure mediation within 25 days after you are served with the lender's final loss mitigation affidavit. You can catch up the loan until one business day before the sale.
After the court receives the report of sale, you have 30 days from notice of that report to file exceptions. If you live in the house and are at least 60 days behind, you can cancel a sale contract within five days after signing. A deed or other document affecting title cannot be recorded during those five days.
A Howard County tax sale is separate from a mortgage foreclosure. If you have a County tax-sale notice, check its own date with Howard County Finance.
Maryland foreclosure-sale law · Maryland foreclosure timing and mediation law · Maryland right to catch up a mortgage before sale · Maryland five-day contract-cancellation law
If the payoff is the problem
Think the payoff is more than the house is worth? Ask us — we've gotten lenders to come down before.
What happens next
- Call or use the form and tell us the sale date on your notice.
- We look at the house as-is and share written terms before you decide.
- If you want to move ahead, we work with the title company on the lender payoff and closing details.
Close as fast as 7 days when title and closing details allow.
It's real estate. Sometimes there are bumps in the road. We won't disappear when that happens, and we'll be fighting to get this to the closing table.
Local foreclosure and tax-sale information
Howard County Finance handles tax-sale questions. Call 410-313-2299 or read the County's tax-sale information.
Maryland's Office of Financial Regulation explains the mortgage foreclosure process. Read Maryland's mortgage foreclosure overview.
Questions and contact
Compare an offer with possible sale costs in the Elkridge home-sale net-proceeds calculator →.
Call 888-274-5006 to talk through the sale date and payoff.
What our sellers say
“LISTEN, PROPERTY TAXES GOT TOO HIGH FOR MY FIXED INCOME. SOLD IT TO THEM. WALKED AWAY WITH CASH. GLAD IT'S OVER.”
“Facing foreclosure ... Very stressful time... They handled it professionally and got me out of the debt...”
“no open houses. no realtors tracking dirt in. just a straight cash sale for our house so we could move. Glad it's over.”
Questions about selling before foreclosure in Elkridge, MD
Can I sell my Elkridge house before a foreclosure sale?
Often, yes, if the loan can be paid off at closing before the sale. If a foreclosure sale is scheduled, tell us the date right away so we can try to close before it.
Is a Howard County tax sale the same as a mortgage foreclosure?
No. A Howard County tax sale is separate from a mortgage foreclosure. If you have a tax-sale notice, Howard County Finance handles tax-sale questions at 410-313-2299. We can look at the notice and talk through its date with you.
What if the mortgage payoff is more than my house is worth?
Think the payoff is more than the house is worth? Ask us — we've gotten lenders to come down before.
Can I cancel a sale contract if I am behind on my mortgage?
If you live in the house and are at least 60 days behind, Maryland lets you cancel a sale contract within five days after signing. A deed or other document affecting title cannot be recorded during those five days.
We give written cash offers in 24 hours.
Takes 2 minutes. No obligation.