We make cash offers within 24 hours and close escrow quickly. When facing foreclosure, it is important to be able to close fast so all will not be lost. Cash in hand makes the most sense when time is of the essence. “A bird in hand is better than two in the bush,” is what the wise always say. Over and over we have found this old saying to be so true.
We also buy houses that have no equity. The big advantage is that it helps to save credit so that the seller can purchase another house and not have to file bankruptcy.