THE STORY
Bonnie and her husband knew they needed to move fast. They were relocating out of state, and the clock was working against them in more ways than one – they had fallen behind on their mortgage, and the sooner they could close on their Asheboro, North Carolina home, the sooner they’d have the funds they needed to actually make the move.
Waiting on a traditional sale wasn’t really an option. Every month a listing sat on the market brought them closer to formal foreclosure proceedings, and they needed the proceeds from the house to cover the real cost of relocating – a moving truck, deposits, the basic expenses of starting over somewhere new. A traditional sale, with its uncertain timeline and no guarantee of a quick close, felt like a risk they couldn’t afford to take.
They started looking into what selling a house as-is in Asheboro to a cash buyer would actually involve, and reached out to Travis Buys Homes to see if a fast, straightforward sale could get them out from under the mortgage situation and move on schedule.
Travis Buys Homes moved quickly, putting together an offer that let Bonnie and her husband close before their move rather than after it – giving them access to the funds they needed to relocate on time. Because they still needed a short window to finish packing and physically move out, the deal included a two-week leaseback, letting them stay in the house for two weeks after closing without holding up the sale itself.
For Bonnie, getting the sale closed before the mortgage situation became a bigger problem – and having the money in hand to actually make the move – turned what had felt like an impossible timeline into something manageable.
HELPFUL INFORMATION ABOUT THIS SITUATION
What to Know If You’re Behind on Your Mortgage and Need to Sell Fast in North Carolina
Bonnie’s situation is one North Carolina homeowners find themselves in more often than people realize – falling behind on a mortgage isn’t always about mismanaging money, and a job change, relocation, medical bill, or simple bad timing can put anyone in this position. If that’s where you are, here’s what’s worth understanding.
Falling behind on payments isn’t the same as an active foreclosure. North Carolina requires a formal court process before a lender can move to a foreclosure sale, including a hearing before the clerk of superior court. Being behind on payments (sometimes called pre-foreclosure) is an earlier, more flexible stage where you generally still have options. The North Carolina Foreclosure Process page from the NC Judicial Branch lays out how that process actually works and what to expect at each stage.
Contact your lender before the situation escalates. Many lenders offer loss mitigation options – repayment plans, forbearance, or loan modification – but those options tend to be more available the earlier you reach out. Waiting until a foreclosure filing is already underway narrows what’s realistically on the table.
A HUD-approved housing counselor can help, often at no cost. These counselors are trained specifically to help homeowners understand their options when they’re behind on a mortgage, and speaking with one early can clarify what’s actually possible for your specific loan and timeline.
Selling as-is before a foreclosure judgment can help you preserve equity and control the outcome. A cash sale that closes ahead of a foreclosure sale lets you walk away with any remaining proceeds and generally has a less severe impact on your credit than letting the process play out to a foreclosure judgment or sale. Seeing how the process works can help you understand how quickly that kind of sale can actually move.
If you’re relocating because of a federally required displacement rather than a personal move, different protections may apply. The U.S. Department of Housing and Urban Development’s Uniform Relocation Assistance – Your Rights When Displaced guide covers situations where a federally funded project requires you to move. Most homeowners relocating by choice, like Bonnie, won’t need it, but it’s worth knowing it exists if your situation is different.
Watch the timeline closely – options narrow once a foreclosure filing is underway. Once a lender formally files for foreclosure in North Carolina, the process moves through defined legal steps that are harder to pause. If you’re behind on payments and know a move is coming, addressing the sale during the pre-foreclosure window, rather than waiting, gives you far more control over the outcome. Speaking with a housing counselor or an attorney about your specific situation is always worth the time.
HOW TRAVIS BUYS HOMES CAN HELP YOU TOO
If you’re behind on your mortgage, relocating out of state, or both at once, Travis Buys Homes buys houses throughout Asheboro and across North Carolina, in any condition, as-is. No repairs, no waiting on a lender, and no drawn-out process while your timeline keeps closing in.
We also cover 100% of closing and attorney fees, so there’s no cost coming out of your proceeds. There are no agent commissions, no showings, and no financing contingency to wait on. Closings happen fast when you need them to, and we can build in a leaseback when you need a short window after closing to finish your move.
Want to understand the process before you reach out? See how it works step by step, or read what other sellers have said about working with us under a tight timeline. If you’re weighing a cash sale against listing traditionally, you can also compare your options side by side. When you’re ready, get your no-obligation cash offer and see how quickly we can help you move forward.
Ready to Sell Your Asheboro Home? Get a No-Obligation Cash Offer Today.
Whether you’re behind on your mortgage, relocating out of state, or simply need to sell fast – Travis Buys Homes is here to help. We buy houses in Asheboro, North Carolina, and across the region in any condition, any situation. There’s no cost to you, no repairs, and no hassle.
Fill out our simple form here, and we’ll be in touch within 24 hours.
FREQUENTLY ASKED QUESTIONS
Can I sell my house in Asheboro, NC if I’m behind on my mortgage? Yes. Being behind on payments doesn’t mean you’ve lost the ability to sell – in most cases, you can still sell your home and use the proceeds to pay off what’s owed, especially if you act before a foreclosure filing progresses too far. Travis Buys Homes works with Asheboro homeowners in this situation to close quickly and help resolve the mortgage before it becomes a bigger problem.
How fast can I sell a house for cash in Asheboro, North Carolina before foreclosure? Cash sales can often close in a matter of weeks, which is significantly faster than a traditional listing. Because there’s no financing contingency or lender approval needed on the buyer’s side, the timeline is mostly limited by paperwork and title work rather than market conditions.
Will Travis Buys Homes buy a house in Asheboro if I need to relocate out of state quickly? Yes. Out-of-state relocation is one of the most common reasons Asheboro homeowners reach out to us, especially when the move needs to happen on a tight timeline. We can structure the closing date around when you actually need the funds and coordinate with your move.
Do I need to make repairs before selling my Asheboro home? No. Travis Buys Homes buys homes as-is, which means you’re not spending time or money on repairs while you’re also trying to manage a mortgage situation and a move. Learn more about how the process works to see what “as-is” actually covers.
Can I get a leaseback after selling my Asheboro house so I have time to move? Often, yes. A leaseback lets you stay in the home for an agreed period – commonly a week or two – after closing, which can make a big difference when you’re coordinating an out-of-state move around a sale. It’s a flexible option we build into offers when sellers need it.
What happens if I sell my Asheboro home before a foreclosure sale is finalized? Selling before a foreclosure sale is finalized generally allows you to use the sale proceeds to pay off what’s owed on the mortgage and can help limit the impact on your credit compared to letting the foreclosure process run its full course. Every situation is different, so it’s worth speaking with a housing counselor or attorney about your specific loan and timeline.
How does selling for cash compare to listing with a realtor when I’m short on time in Asheboro, NC? Listing with an agent depends on finding a buyer, waiting on their financing, and often making repairs first – none of which fits well when you’re working against a mortgage or relocation deadline. Selling for cash to Travis Buys Homes skips those steps and lets you close on a timeline that actually matches what you need.