Facing Foreclosure in Houston? You Have Options.
We help homeowners stop foreclosure, protect their credit, and get cash quickly.
Understanding the Foreclosure Process in Texas
Foreclosure is a legal process where a lender attempts to recover the balance of a loan. In Texas, it's primarily non-judicial and moves fast. Key steps:
- Missed Payments: Lender reaches out after first missed payment.
- Notice of Default (NOD): ~120 days after missed payments.
- Notice of Sale: Filed at least 21 days before auction.
- Auction: Property sold to highest bidder or reverts to lender.
How 8REI Can Help
We Purchase Homes Quickly
We provide a fair cash offer within 24-48 hours and can close in as little as 7 days, allowing you to pay off your mortgage before the auction.
Comprehensive Lender Negotiations
Our experienced team negotiates with your lender for loan modifications, short sales, or forbearance agreements.
Addressing Financial Liabilities
We clear back taxes, HOA dues, and liens. We can assume or pay off your existing loan, relieving you of further burden.
Credit Preservation
By selling to us, you avoid a foreclosure on your credit report, protecting your financial future.