Sell A Nassau County Pre-Foreclosure House For Cash Before The Auction Date.
Direct cash offers for Nassau homeowners in active foreclosure, from the day after the 1304 notice through the week before the auction. We pay off the lender, clear the lis pendens, settle the case, and hand you whatever equity remains.
You missed payments. The lender sent the 1304 notice. The summons came. The settlement conference happened or it didn’t. Now the auction date is on the calendar and the equity you spent years building is about to walk out the door. The seller in this situation is the homeowner who lost a job, the divorcee whose name is still on a mortgage they can’t afford alone, the family whose medical bills outpaced the income, or the heir who inherited a house already in default. Prime Realty Buyers buys Nassau pre-foreclosure houses direct for cash. The lender gets paid. The lis pendens clears. The case settles. Whatever equity remains comes to you.
WE BUY:
- Sold completely as-is. We buy houses at any stage of the foreclosure process.
- Lender payoff coordinated at closing through your closing attorney.
- Zero commissions. No listing-side fee. No buyer-side credit.
- All-cash offers. No mortgage contingency, no appraisal contingency, no financing fall-through.
- Close in 14 days or less when the auction date is approaching.
- 24-hour written offer based on address review and lender payoff figure.
Get Your Cash Offer Today
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Trusted by Nassau homeowners in pre-foreclosure across Hempstead, Freeport, Baldwin, Inwood, Uniondale, Elmont, Hicksville, Westbury, Roosevelt, East Meadow, Valley Stream, and Mineola.
Why Nassau Homeowners In Pre-Foreclosure Sell To Us
Nassau pre-foreclosure has a clock. From the day you missed a payment to the day the auction gavel falls, there’s a window. We buy Nassau County pre-foreclosure houses direct for cash inside that window. The lender gets paid off. The lis pendens gets cleared. Your credit takes the impact of “mortgage paid off” instead of “foreclosure sale entered against you.”
Nassau pre-foreclosure timelines run two to three years from default.
New York is a judicial foreclosure state, which means the lender files in Nassau County Supreme Court and walks the case to judgment of sale. RPAPL 1304 requires a 90-day pre-foreclosure notice before filing. Then comes the summons and complaint, the mandatory settlement conference, motion practice, judgment, and finally the auction. Average sequence: two to three years. We buy at any point in that timeline, including the week before auction.
The lis pendens clouds title until somebody pays off the mortgage.
Once the lender files the foreclosure complaint, a notice of pendency (lis pendens) goes on the property record at the Nassau County Clerk’s office. Title is technically saleable, but the lis pendens has to clear before any retail buyer’s lender will close. We don’t need a retail lender. Our cash payoff to the foreclosing bank clears the lis pendens at closing. Your name comes off the title and the lawsuit on the same day.
Auction-date hard stop when the gavel is weeks away.
A scheduled foreclosure auction is a firm deadline. The judgment of sale has issued, the referee is appointed, the auction date is published. Once that gavel falls, the property sells to the highest bidder (often the bank itself), and any equity walks out the door. We can close in 14 days when the auction date is approaching, with a cash payoff that satisfies the judgment and stops the sale. We’ve stopped Nassau auctions with seven days to go.
Credit protection: mortgage satisfaction versus foreclosure judgment.
A completed foreclosure sits on your credit report for seven years and signals to every future lender, landlord, and employer that runs a check. A sale that pays off the mortgage shows up as a satisfaction of mortgage. Future credit recovery happens faster. Future lenders treat a paid-off mortgage differently than a foreclosure judgment. The cash sale doesn’t erase the missed payments leading up to it, but it stops the bigger event from being recorded against you.
Other reasons Nassau homeowners in pre-foreclosure sell to us:
- Mandatory settlement conference can be mooted when the case settles via cash payoff
- Lender attorney coordination handled by your closing attorney, not by you directly
- Equity captured when the sale price exceeds the payoff and arrears
- Multi-lien payoffs (second mortgage, HELOC, judgments, tax warrants) all handled at closing
You sign once, the foreclosure case ends, and the lender goes away.
We Buy Pre-Foreclosure Houses As-Is
Pre-foreclosure houses come with the conditions financial distress creates: deferred maintenance, missed bills beyond the mortgage, and the wear of trying to hold on through a hard stretch. We buy as-is across the full range.
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Houses with active Nassau County Supreme Court foreclosure cases at any stage
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Houses still in the 90-day RPAPL 1304 pre-foreclosure notice window
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Houses where the lender has filed but the settlement conference hasn’t started
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Houses past judgment of sale with an auction date scheduled by the court
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Houses with deferred maintenance from years of stretching the budget
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Houses with second mortgages, HELOCs, judgments, and other junior liens stacked on title
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Houses with unpaid water bills, sewer bills, and Town tax warrants
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Houses where the homeowner moved out ahead of the auction
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Houses still occupied by the homeowner during pre-foreclosure proceedings
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Houses with tenants whose lease predates the foreclosure filing
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Houses with reverse mortgage default situations triggering foreclosure after a borrower passed
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Original mechanicals untouched during the financial difficulty period
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Houses with code violations that piled up alongside the mortgage default
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Houses where divorce, job loss, illness, or death drove the default in the first place
We buy the house. The foreclosure ends. Everything else gets sorted at closing.
Why Choose Prime Realty Buyers
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Local Long Island buyer with pre-foreclosure experience through Nassau County Supreme Court at every stage
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Direct cash purchase with our own funds. No financing contingency that could derail a time-sensitive closing.
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Pre-foreclosure-specific timeline awareness: RPAPL 1304, lis pendens, settlement conference, judgment, auction
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Lender coordination through your closing attorney for clean payoff and lis pendens release
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14-day or less closings when the auction date is approaching, on contracts signed and verified the same week
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Multi-lien situations handled at closing: junior mortgages, HELOCs, judgments, tax warrants, water bills
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Written offer within 24 hours of address review and lender payoff figure
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Every Nassau pre-foreclosure scenario: post-default, post-1304, post-summons, post-judgment, pre-auction
Specific Pre-Foreclosure Situations We Buy In
Homeowner two to six months behind on the mortgage with the lender sending demand letters
RPAPL 1304 90-day notice already received from the lender’s attorney
Summons and complaint filed in Nassau County Supreme Court, lis pendens recorded on title
Mandatory settlement conference scheduled or already happened without resolution
Motion for judgment of sale filed by the lender, judgment imminent or already issued
Judgment of sale issued, referee appointed, auction date set and published
Auction date weeks away with the homeowner trying to capture the remaining equity
Reverse mortgage default after the borrower passed away or moved to assisted living
Pre-foreclosure with junior liens (HELOC, judgments, tax warrants) requiring multi-lender coordination
Pre-foreclosure with a tenant in place whose lease predates the foreclosure filing
Nassau Areas We Buy In
Roosevelt
We buy pre-foreclosure houses across Nassau County, including Hempstead, Freeport, Baldwin, Inwood, Uniondale, Elmont, Hicksville, Westbury, Roosevelt, East Meadow, Valley Stream, and Mineola. We also buy in every other Nassau village and incorporated town across the county.
Real Seller Stories
“I lost my job in 2023 and went six months thinking I could catch up before the bank moved. By the time I called my mortgage company, they had already sent the 1304 notice. My attorney told me the summons would come within ninety days and I should think about my options. Prime Realty Buyers walked through my house in Hempstead and made an offer that covered the mortgage payoff and gave me about thirty thousand to start over. Closed in twenty-one days. The foreclosure case never got filed because the bank got paid off.”
Eamon, Hempstead
“My divorce was final in 2022, but the medical bills from my son’s hospitalization hit at the same time. I fell behind on the Roosevelt house, behind on everything. The summons came in March of 2024 and the settlement conference was scheduled for August. My foreclosure attorney was costing me money I did not have. Prime Realty Buyers offered enough to clear the mortgage, the second mortgage, two judgments, and an unpaid water bill, with about fifteen thousand left over. Closed before the settlement conference happened. The case got dismissed. I am rebuilding.”
Latoya, Roosevelt
“My wife was diagnosed with cancer in 2022. I stopped working to take care of her and we fell behind on the mortgage. The Inwood house had been ours for nineteen years. After she passed in 2023, I could barely think about money for almost a year. The bank had filed by then and the judgment was already in motion. Prime Realty Buyers came through. They paid off the mortgage, paid the back taxes, and gave me what equity remained. Closed three weeks before the auction date. I moved to my sister’s place upstate.”
Tomás, Inwood
“My husband handled all the finances. After he passed in late 2021, I discovered there were three mortgages on the East Meadow house. A first mortgage, a second mortgage, and a HELOC he had taken to pay off other debt. I could not afford the payments on my Social Security alone. The default notices came in 2022 and the foreclosure case was filed in 2023. Prime Realty Buyers worked with my attorney to coordinate the payoffs across all three lenders. Closed in twenty-eight days. I moved into a senior community with what was left.”
Astrid, East Meadow
“I bought the Hicksville house in 2019 right before everything happened. The pandemic shut down my industry, I got a forbearance, then forbearance ended and I could not catch up. The judgment of sale came down in early 2024 and the auction was set for that May. I called Prime Realty Buyers in March with maybe seventy days on the clock. They closed in twenty-six days. The lender got the payoff. The auction got canceled by the court. I had cash to rent an apartment and the foreclosure never finalized on my record.”
Connor, Hicksville
Sound Like Your Situation?
Get a written cash offer within 24 hours. We work the lender payoff alongside your attorney. Closing in 14 days or less when the auction is near.
Our 3-Step Process
Contact us.
Call 516-218-0365 or submit the form. Tell us the address, whether the lender has filed in Nassau Supreme Court, and any scheduled hearing or auction dates. Five minutes.
Walkthrough and offer.
We come to the house or meet at your attorney’s office. Your attorney requests the lender payoff letter. Written cash offer within 24 hours.
Pick your closing date.
Fourteen days standard, faster when the auction is approaching. Lender gets paid off. Lis pendens releases. Foreclosure case dismisses.
Prime Realty Buyers Vs Traditional Listing
| Factor | Prime Realty Buyers | Traditional Listing |
|---|---|---|
| Auction-date hard stop | We close in 14 days or less to stop a scheduled auction | Retail closing takes 60-180 days, too slow for most auction dates |
| Lis pendens release | Released at closing through cash payoff to foreclosing bank | Listing creates chicken-and-egg: retail lender won’t close with lis pendens, lis pendens won’t release without payoff |
| Lender coordination | Direct payoff to first mortgage, second mortgage, HELOC at closing | Retail buyer’s lender won’t engage with foreclosing lender’s payoff |
| Credit protection vs auction | Sale shows as satisfaction of mortgage, not foreclosure judgment | Listing fails before auction, foreclosure judgment hits your credit for 7 years |
| Multi-lien payoff at closing | First mortgage, junior liens, judgments, tax warrants all handled | Retail buyer walks away from complicated payoff structures |
| Pre-foreclosure timeline awareness | RPAPL 1304, settlement conference, judgment, auction all factored | Listing agent has limited foreclosure-process knowledge |
| Repairs required | Zero | $20K to $100K typical for pre-foreclosure condition |
| Commissions | Zero | 5% to 6% of sale price |
| Closing timeline | 14 days or less when auction is near | 60 to 180 days, too slow for most pre-foreclosure cases |
| Inspections | None | Buyer’s inspector finds extensive deferred maintenance |
| Appraisal contingency | None | Lender requires appraisal, pre-foreclosure houses often appraise low |
| Financing contingency | None | 95% of retail buyers need a mortgage |
| Showings | One walkthrough | Multiple showings, hard to coordinate during pre-foreclosure stress |
| Buyer credits | Zero | $5K to $30K standard for pre-foreclosure condition |
| Listing prep cost | $0 | $15K to $50K to make a pre-foreclosure house listable |
FAQs
How late in the foreclosure process can I still sell?
You can sell up until the auction gavel falls. We’ve closed pre-foreclosure cash deals with as few as seven days before the scheduled auction. The earlier you call us, the cleaner the timeline, but late-stage closings happen regularly. Even after judgment of sale issues, there is a window before auction where a cash payoff stops the sale.
What is a lis pendens and how does it affect selling?
A lis pendens is a notice of pendency filed at the Nassau County Clerk’s office once the lender files the foreclosure complaint. It signals to title that the property is in active litigation. Retail buyers’ lenders refuse to close while a lis pendens is on record. Our cash sale clears the lis pendens at closing because the foreclosing lender gets paid in full and the case gets dismissed.
Will selling to you stop the foreclosure?
Yes. Once the cash payoff lands at the lender, the case is settled. Your closing attorney coordinates the satisfaction-of-mortgage filing, the lis pendens release, and the dismissal of the foreclosure case. The court file closes with the case dismissed, not adjudicated against you.
What happens if there’s equity in the house after the mortgage is paid?
You get it. The contract price minus the lender payoff, junior liens, taxes, and customary closing costs equals the cash that hits your account. We’ve written contracts where the homeowner walked away with $25K, $40K, $80K, sometimes six figures, depending on how much equity remained on the property.
What if I owe more than the house is worth?
That’s a short sale situation rather than standard pre-foreclosure. We have a separate process for short sales involving lender approval and negotiation. Call us either way. We’ll tell you honestly which category you fit and whether we can make it work for your numbers.
¿Compran casas en pre-foreclosure en Nassau County?
Mi caso está en la corte y la subasta está programada. Sí. Compramos casas en pre-foreclosure en todo el condado de Nassau, en cualquier etapa del caso, incluyendo cuando la subasta ya está programada. Coordinamos con su abogado y con el banco para el pago de la hipoteca y el cierre del caso en la corte. Si tiene equidad, usted recibe el dinero restante. Llame al 516-218-0365 y le explicamos el proceso completo en español.
Does selling pre-foreclosure damage my credit the same as a foreclosure?
No. A pre-foreclosure cash sale shows up as the mortgage being paid off (satisfaction of mortgage). A completed foreclosure shows up as a foreclosure judgment on the credit report for seven years. The missed payments leading up to the sale still show, but the bigger event (foreclosure judgment) gets stopped from being recorded.
What if I have a second mortgage, HELOC, or judgments against the property?
We handle multi-lien situations at closing. Your attorney coordinates payoff letters from each lender. The first mortgage, second mortgage, HELOC, any judgments, tax warrants, and unpaid water bills all get cleared at the closing wire. You sign once and walk out with whatever equity remains after the stack is paid.
I already had the settlement conference and nothing got resolved. Can you still help?
Yes. Many of our pre-foreclosure deals close after a failed settlement conference. The conference is required by New York law but doesn’t always produce a workout. When the conference closes without resolution, the case moves toward judgment. We can still close before judgment, and often after judgment as long as the auction hasn’t yet happened.
Will the lender accept the cash payoff?
Yes. Lenders prefer cash payoff to auction. The auction process is expensive for them and unpredictable on price. A direct cash payoff at the contract amount gives them certainty. Your closing attorney sends the payoff request and gets the figure, then the wire goes out at closing. No lender negotiation required for standard pre-foreclosure with sufficient equity (this differs from short sales).
Can I keep living in the house until closing?
Yes. The house remains yours until the closing wire clears. Pre-foreclosure cash sales close occupied. The closing day is your move-out target, or you can negotiate a brief post-closing occupancy with us if you need a few weeks to relocate.
Are there any fees, commissions, or closing costs I pay?
No. We pay customary closing costs including title insurance, recording fees, and transfer taxes. No realtor commission. No buyer credits. No inspection requests. The contract price minus the lender payoffs and any liens on title is what hits your account at closing.
Get Your Cash Offer Today
The auction date is approaching, the lis pendens is on title, and the lender’s attorney is sending hearing notices. You don’t have to lose the equity. You don’t have to take a foreclosure judgment on your credit. One call, one walkthrough, one written cash offer, and the case settles before the gavel falls.