Foreclosure Save in Dundalk — Closed in 9 Days
The Situation
Marcus and Tanya had fallen three months behind on their mortgage after Marcus was laid off from his warehouse job in Sparrows Point. Their Baltimore County home in Dundalk had a sheriff sale date just 14 days away. With a remaining mortgage balance of $124,000 and a home that needed roof repairs and a new HVAC system, listing with an agent was not an option — there simply was not enough time.
How We Helped
Marcus found Impact Home Team through a Google search and called us on a Tuesday. We visited the property the next day, evaluated the condition, and presented a cash offer of $142,000 that same evening. The offer covered their mortgage payoff, allowed them to walk away with cash, and we committed to closing before the sheriff sale date.
Our title company worked overtime to clear the title and prepare closing documents. We closed in just 9 days — five days before the scheduled foreclosure auction.
The Outcome
Marcus and Tanya avoided foreclosure, which would have devastated their credit for 7 years. They walked away with approximately $18,000 after paying off their mortgage and all closing costs (which we covered). They used the funds to relocate to a rental in Perry Hall while they rebuilt their finances.
After purchase, we invested $38,000 in renovations including a new roof, HVAC system, updated kitchen, and fresh paint throughout. The home was resold to a first-time homebuyer family for $225,000.
The Seller's Situation
When this homeowner first contacted Impact Home Team, they were facing a situation that many Maryland homeowners find themselves in — a property they needed to sell quickly but couldn't go through the traditional listing process. The house needed work, time was not on their side, and the uncertainty of waiting months for a traditional buyer was not an option. They had already spoken with real estate agents and received discouraging feedback about the timeline and costs involved.
How We Evaluated the Property
Josh Hines personally visited the property within 48 hours of the initial call. He walked through every room, assessed the condition, noted the repair needs, and researched comparable sales in the immediate neighborhood. Impact Home Team's evaluation process is completely transparent — we showed the seller the comparable sales data, our estimated repair costs, and exactly how we arrived at our offer number. No mystery, no pressure.
The Offer and Closing Process
Within 24 hours of the property visit, we presented a written cash offer. The seller had time to review it, ask questions, and compare it with other options. Once they accepted, we coordinated with a local Maryland title company to handle all the paperwork. The seller chose their closing date and received their funds via wire transfer at settlement. Zero commissions, zero fees — the offer amount was exactly what they received.
What This Deal Meant for the Seller
This is exactly the kind of situation Impact Home Team was built for. Traditional sales work great when you have time, money for repairs, and a house in good condition. But when life throws a curveball — foreclosure, probate, divorce, tenant problems, or simply a house that needs more work than you can handle — a fair cash offer and a fast close can make all the difference. If you're in a similar situation anywhere in Maryland, call (410) 824-1687 for your free cash offer.