Sell Your House Before Foreclosure in St. Louis

Sell Your House Before Foreclosure in St. Louis

If you’re behind on your mortgage and want to sell your house before foreclosure in St. Louis, a fast cash sale can pay off the loan before the foreclosure sale date. We buy houses for cash, as-is, and can close in as little as 7 days. You won’t pay commissions, and we cover your closing costs.

We’re Swift Home Buys, a local, family-owned home buyer that has helped St. Louis-area homeowners for over 10 years. Falling behind happens to good people, after a job loss, a medical bill, or a change in the family. We won’t judge, and we’ll be straight with you about your options, even when the best one isn’t selling to us.

How Foreclosure Works in Missouri

Most Missouri home loans use a deed of trust, and most foreclosures here happen outside of court through a trustee’s sale. That means the process can move faster than many people expect once it starts. Under federal rules, a mortgage servicer generally can’t begin foreclosure until you’re more than 120 days behind, which gives you a window to act.

The earlier you act, the more options you have. Once a sale date is set, time gets short. This isn’t legal advice, so if you’ve received a foreclosure notice, talk with a real estate attorney or a housing counselor about your situation.

Your options besides selling

• Call your lender. Ask about a loan modification, forbearance, or a repayment plan. Some homeowners can catch up and keep the house.
• Talk with a free housing counselor. HUD-approved counselors can help you understand your options at no cost. You can find one through the CFPB’s housing counselor search.
• List with an agent. If you have time before the sale date and the house is in good shape, a traditional listing may net you more.
• Sell for cash. If time is short or the house needs work, a cash sale can close before the foreclosure date.

Selling your house to avoid foreclosure

If you have equity, selling your house to avoid foreclosure lets you keep what’s left after the loan is paid off instead of risking it at auction. A completed foreclosure can also stay on your credit report for years. When you sell to us, your mortgage, back payments, fees, and any liens are paid off from the sale at closing through a title company.

If you owe more than the house is worth

If the loan balance is higher than the house’s value, a sale may need your lender’s approval, often called a short sale. We’ll tell you honestly if that’s where things stand, and a housing counselor or attorney can explain what it means for you.

How a Sale to Us Works

Tell us about the house and your foreclosure timeline, we visit once, and you get a no-obligation cash offer with our math explained. Our offers are below full market value because we take on the repairs and the risk, and we’ll always be upfront about that. Then we schedule closing around your deadline. See every step on our How It Works page.

We buy houses facing foreclosure across St. Louis City, St. Louis County, St. Charles County, and Jefferson, Franklin, and Lincoln counties.

A Sale You Can Count On Before Your Auction Date

When you’re facing foreclosure, what you need most is certainty that the sale will actually close before the auction. That’s what we provide. We buy with our own money, so there’s no buyer’s loan that can fall through and no waiting on a bank to approve the buyer.

Once we agree on a price, we work backward from your sale date with the title company and set a closing date ahead of it. At closing, your mortgage, missed payments, and fees are paid off, the foreclosure stops, and any money left over goes to you. You keep your equity instead of losing your home and everything you’ve put into it at auction.