Newport VT › Foreclosure
Can I Sell My Newport House in Foreclosure?
If a foreclosure sale is scheduled, tell us the date right away so we can try to close before it. You may be able to sell while you still own the house, if closing happens before your court’s deadline. We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us. Call or use the form to talk through the date and ask for an offer.
Call 888-274-5006 for a cash offer — We answer 24/7How we help you work toward closing
If a foreclosure sale is scheduled, tell us the date right away so we can try to close before it.
We review the house and the court deadline with you. You get a written offer and written terms before you commit, and we close through a title company. The title company checks title and payoff details.
No fees. No agent commissions when you sell to us. When you sell to us, we pay the closing costs, including Vermont’s property transfer tax and Clean Water Surcharge.
Mortgage foreclosure and property-tax sales follow different paths
A mortgage foreclosure follows a court order; a property-tax sale has its own notice and deadline. In a mortgage case, a Vermont court can order strict foreclosure or a foreclosure sale. With little or no equity, strict foreclosure ends ownership when the redemption period runs out, without an auction. Otherwise, the court can order a sale under 12 V.S.A. § 4941(c) and § 4945. Your court order gives you the path and deadline. If strict foreclosure applies, you need to close before the redemption deadline. A request to postpone a sale does not extend that deadline.
If you receive a property-tax sale notice
Call us with the date on the notice. A property-tax sale is separate from a mortgage foreclosure, so we’ll talk through that deadline with you.
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.
Your mortgage payoff, liens, back taxes, and share of current property taxes are separate from closing costs.
We can review the payoff and other amounts with the title company as we work toward closing.
What happens next
- Call us or use the form to talk through the house and the deadline in your court order.
- We review the property and give you a written offer with written terms before you commit.
- We work with the title company on title and payoff 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 help with Newport City property-tax billing
Newport City property-tax billing goes through the City Clerk & Treasurer. Newport City and the Town of Newport are separate municipalities.
Newport City Clerk & Treasurer — 222 Main Street, Newport, VT 05855; (802) 334-2112.
Questions and contact
Compare a possible sale with your other options using the Newport home-sale net proceeds calculator.
Foreclosure questions for Newport sellers
Can I sell my Newport house while it is in foreclosure?
You may be able to sell while you still own the house, if closing happens before your court’s deadline. In strict foreclosure, that deadline is the end of the redemption period.
Does every Vermont foreclosure end in an auction?
No. With little or no equity, a Vermont court can order strict foreclosure, which ends ownership when the redemption period runs out without an auction. Otherwise, the court can order a sale. Your order gives you the path and deadline.
Is a property-tax sale the same as a mortgage foreclosure?
No. A property-tax sale is separate from a mortgage foreclosure and has its own notice and deadline. If you receive a tax-sale notice, call us and we’ll talk through the date with you.
What if the 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. We can review the payoff and other amounts with the title company as we work toward closing.
What closing costs do you pay in Vermont?
Your mortgage, liens, back taxes, and share of current property taxes are separate from closing costs. When you sell to us, we pay the closing costs, including Vermont's property transfer tax and Clean Water Surcharge.
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.”
Talk through the deadline and payoff
Call 888-274-5006 — we answer 24/7 — or send the property address using the form.
We give written cash offers in 24 hours.
Takes 2 minutes. No obligation.