Salem, VA / Foreclosure
Can I Sell My Salem House in Foreclosure?
You can sell while foreclosure is underway if the sale closes and pays off the loan before the trustee’s sale. Call us right away with the date on your notice so we can talk through the timing.
Call 888-274-5006.
How we can 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.
No fees. No agent commissions when you sell to us.
When you sell to us, we pay the closing costs, including Virginia state and local recordation taxes, grantor tax and any applicable regional WMATA capital fee, regional congestion relief fee or regional transportation improvement fee.
Virginia mortgage foreclosure: watch the trustee’s sale date
Most Virginia home foreclosures are trustee’s sales under a deed of trust. The trustee can auction the house without a court case. If you can close and pay off the loan before that sale, you can sell while foreclosure is underway.
For an owner-occupied home, written notice of the sale generally must be sent to the owner at least 60 days before the sale; for other property, the period is generally 14 days. The sale must also be advertised in a local newspaper.
A trustee can postpone the sale, and a postponed sale must be advertised again. Until you have a new date in writing, plan around the date on your notice. After a trustee’s sale, do not count on buying the house back.
A Salem City tax sale is a separate process
A judicial sale for delinquent Salem City real-estate taxes is not the same as a lender’s mortgage trustee’s sale. The City Treasurer handles Salem City real-estate tax collection and shares information about tax judicial sales. Use the date on the tax-sale notice; the mortgage trustee-sale notice has a different date. Salem is a city government separate from Roanoke County.
City of Salem judicial sales for delinquent real-estate taxes · Salem City Treasurer
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 us with the date on your notice. We’ll talk through the house and the payoff, then work with you and the title company on title, payoff details, and a closing date. You get the written offer and terms before you commit.
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.
Salem foreclosure and tax-sale help
If the notice is for delinquent Salem City taxes, contact the Salem City Treasurer. For a mortgage trustee’s sale, the notice names the trustee and sale date. Call us at 888-274-5006 and we’ll talk through the notice with you.
Compare possible Salem sale proceeds with the calculator →
Salem foreclosure questions
Can I sell my Salem house before a trustee’s sale?
The sale must close and pay off the loan before the trustee’s sale. For an owner-occupied home, written notice generally must be sent to the owner at least 60 days before the sale; for other property, it is generally 14 days.
Is a Salem City tax sale the same as a mortgage foreclosure?
No. A Virginia mortgage foreclosure usually goes through a trustee’s sale under a deed of trust. A judicial sale for delinquent Salem City real-estate taxes is a separate process with its own notice and sale date. The Salem City Treasurer handles City real-estate tax collection and provides information about tax judicial sales.
What if my mortgage payoff is more than the house is worth?
Think the payoff is more than the house is worth? Ask us — we've gotten lenders to come down before.
What does it cost to sell to you?
No fees. No agent commissions when you sell to us. When you sell to us, we pay the closing costs, including Virginia state and local recordation taxes, grantor tax and any applicable regional WMATA capital fee, regional congestion relief fee or regional transportation improvement fee. Your mortgage payoff, liens, back taxes and share of current property taxes are separate.
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 with us about the sale date
Call 888-274-5006 or send the notice date through the form. We can talk through what is happening with the house.
We give written cash offers in 24 hours.
Share the property address and the date shown on your notice.