Housing Wire

AUGUST 5, 2025

Each stage represents a different kind of opportunity, and knowing how to approach each one is key. These platforms pull data directly from trusted sources like county records and legal filings, giving you a list of homeowners in pre-foreclosure, auction or even bank-owned stages. What makes these leads so valuable is motivation.

Banks

AAOA

MAY 5, 2025

Sometimes, life throws the owner curveballslike divorce, bankruptcy, or forced liquidationwhich can also lead a property down this path. Preforeclosures: Preforeclosures refer to properties in the early stages of foreclosure. In these early stages, the homeowner struggles to keep up with mortgage payments but still owns the property.

Bankruptcy

Housing Wire

DECEMBER 8, 2021

We have had people on forbearance already sell their homes and move onto the next stage of their life in a new home. Panic selling is different than distress selling when you’re in a foreclosure or short sale. From Black Knight : Now, this doesn’t mean everyone gets off the forbearance program. Knowing the difference is the key.

Bankruptcy

HomeLight

MARCH 31, 2022

HomeLight’s Simple Sale platform provides cash offers for homes in almost any condition nationwide. Skip repairs, staging, and open houses. In the event of a lost job, a medical emergency, an impending bankruptcy or any other unexpected financial crisis, selling a house “as is” can provide needed funds quickly. Learn More.

As-is

HomeLight

AUGUST 10, 2022

No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Atlanta. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Sale timeline. 7 to 30 days.

Purchase and sale agreement

HomeLight

MAY 23, 2022

If the property is the subject of any lawsuits, foreclosures, bankruptcy, leases or rental agreements, judgments, tax liens, proposed assessments, or other liens or notices that could affect title to the property. No staging. Whether the house is subject to regulation by a homeowners’ association. Skip repairs. No repeated showings.

As-is

HomeLight

JULY 31, 2021

While price tends to take center stage, many other components of an offer should be considered before entering into a contract. The next step is to “ clear title ,” a process that shows the house is free of any liens, judgments, or bankruptcies that would prevent the transfer of ownership. Verification of funds.

Earnest money deposit