Where you are right now — and why time matters

Foreclosure usually begins after you fall about three to four months behind on mortgage payments, when your lender files a formal notice. From that point, the timeline varies a great deal by state — some move in a few months, others take a year or more — but every one of them ends at the same place: a scheduled auction date where the home is sold out from under you, often for far less than it's worth.

The single most important thing to understand is that you keep the right to sell your home right up until that auction happens. As long as the sale closes and pays off the loan before the auction date, the foreclosure stops. That's the window this page is about — and the earlier you act inside it, the more options you have.

Your options to stop foreclosure, compared

There's no single right answer — the best move depends on whether you want to keep the home, how much time is left, and whether you have equity. Here's an honest comparison of the realistic paths.

If keeping the house is realistic, start with your lender's loss-mitigation department or a HUD-approved housing counselor — we'll genuinely tell you to. But when the clock is short, you have little or no equity to protect by waiting, or the home needs work you can't fund, a cash sale is usually the fastest way to walk away clean instead of being foreclosed on.

How selling to Aldric actually stops the foreclosure

Selling under a deadline is different from a normal sale, and the mechanics are what give you certainty. Here's the path, start to finish:

1. You tell us about the property and where things stand. A 5–10 minute call — the loan balance, roughly how far behind you are, and whether an auction date is set. There's no obligation and nothing to pay.
2. We make a no-obligation cash offer, usually within 24 hours. Because we buy as-is, there are no repairs, no cleanout, and no showings. See exactly how our cash offer works and how we arrive at the number.
3. A local title company handles the payoff. Once you accept, the title company runs the title search, contacts your lender for an exact payoff figure, and clears the mortgage, back taxes, and any liens directly from the sale proceeds — so the debt that triggered the foreclosure is settled at closing.
4. You close on your timeline and keep any remaining equity. If the home is worth more than you owe, that difference is paid to you by wire or check at closing. We can move in days to beat an auction, or set a later date if you have room.

You can also explore all of your foreclosure options in more detail on our dedicated guide, including links to HUD counseling resources.

"Will I lose my equity?"

This is the fear that keeps people from acting — and it's backwards. A completed foreclosure is what destroys equity. At auction, homes routinely sell for well below market value, the proceeds go to the lender and fees first, and a deficiency judgment can follow you afterward. Selling on your own terms before the auction is how you protect equity, not lose it.

When you sell to a cash buyer, the payoffs come out of the proceeds and whatever remains is yours. Even when there's little equity left, a clean sale spares your credit the multi-year damage a foreclosure causes — which matters enormously for renting or borrowing next.

Is a cash sale the right move for your foreclosure?

If one of the "other paths" fits you better, we'll point you there — even though it isn't a sale for us. That's the honest version, and it's the only one worth giving someone in a foreclosure.

Foreclosure & selling: common questions