When David Martinez received a foreclosure auction notice with just 21 days until his home would be sold on the courthouse steps, he thought all hope was lost. Here's how we helped him walk away with cash in hand and his dignity intact.
A Race Against Time
David, a construction worker, had been injured on the job eight months earlier. While waiting for workers' compensation, he fell behind on his mortgage. By the time his benefits were approved, the damage was done — his lender had already begun foreclosure proceedings.
With the auction date looming, David called us in desperation. "I don't care about staying," he told us. "I just don't want a foreclosure on my record, and I'd like to walk away with something."
The Solution: Direct Buy
Given the tight timeline, a loan modification or short sale wasn't feasible. However, David had equity in his home — he owed $180,000 on a property worth approximately $240,000. This made him a perfect candidate for our Direct Buy program.
Within 48 hours of his initial call, we:
- Conducted a property evaluation
- Presented a fair cash offer of $225,000
- Ordered a rush title search
- Coordinated with a local title company for expedited closing
The Results
18
Days to Close
$42,000
Cash to David
We closed three days before the scheduled auction. After paying off David's mortgage, all arrears, closing costs, and fees, he walked away with $42,000 in his pocket — money he used to relocate and start fresh.
"I went from thinking I'd lose everything to having enough money to rent a nice apartment and have some savings. RealPro moved faster than I thought possible."
— David Martinez
Why This Approach Worked
Several factors made a quick direct buy the right solution for David:
- 1Equity position: Having equity meant David could sell and still receive funds.
- 2Clear title: No additional liens complicated the sale.
- 3Motivated seller: David's priorities aligned with a quick sale.
- 4Cash buyer: No financing delays meant we could close fast.