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After a divorce, unsteady work and a Chapter 13 bankruptcy, Sean was weeks away from foreclosure on the Janesville house he’d lived in for 16 years. He sold it as-is and closed in 28 days.
No obligation. A member of our local team will reach out to talk it through.
Rather talk it through? Call (608) 523-9807
Sean had lived in his Janesville home for 16 years. After a divorce, job instability and a bankruptcy, he fell behind and a foreclosure date was weeks away.
Sean had lived in his Janesville home for 16 years. Then a few hard things landed at once: a divorce, unstable work and money that kept getting tighter. He fell behind on the mortgage and filed for bankruptcy.
When the bankruptcy case was about to end, foreclosure was suddenly just weeks away. The house needed work he couldn’t pay for, and listing it with a realtor wasn’t realistic on that timeline. He was attached to the place and the neighborhood, but he knew he couldn’t keep up with the repairs or the payments.
A bankruptcy filing generally pauses a foreclosure. If the case is dismissed, that pause usually ends and the lender can pick up where it left off. That’s why the weeks after a dismissal can feel so rushed.
In Wisconsin, foreclosure runs through the courts, and you can still sell the house until the court confirms the sheriff sale. When a sale closes, the title company pays off the mortgage from the proceeds. If you’re in or coming out of a bankruptcy, talk with your bankruptcy attorney before you sign anything, because the case can affect what you’re allowed to do with the house. We’re buyers, not lawyers.
Sean found us with a Google search. Within an hour of reaching out, he was talking with Mac’s team, who listened first and then laid out a plan without any pressure: a cash sale, a flexible timeline, and no repairs or commissions.
By our estimate at the time, Sean skipped more than $50,000 in repairs, plus months of carrying costs. He moved into a new apartment with his kids, and afterward he sent us a message thanking the team for how easy and respectful the process was.
Janesville is the Rock County seat, just north of our office in Beloit. If you’re facing something similar, these pages go into more detail:
Family-owned and based in Beloit. Open daily, 9 AM to 9 PM.
We’ve put together the questions sellers ask us most. If yours isn’t listed, call us at (608) 523-9807 and we’ll answer it.
See our page on selling before foreclosure.
Usually, yes, and often quickly, because the foreclosure can restart. Check with your bankruptcy attorney first, since the details of your case matter.
As quickly as 7 days when the title is clear. Sean’s sale, with a bankruptcy and a pre-foreclosure notice in the file, closed in 28 days.
No. Take what you want and leave the rest, including half-finished projects and leftover materials.
Generally, when the sale closes and the loan is paid off, the lender has no reason to continue. The key is closing before the court confirms a sheriff sale.
Call SWP Home Buyers at (608) 523-9807 or tell us about your house online.
