If you are behind on your mortgage in Bucks County and want to stay in your home, a sale-leaseback may let you do both: We Buy In Bucks buys the house for cash, pays off your loan before the sheriff sale, and rents the home back to you under a written lease. You stop the foreclosure, keep your family in place, and get time to plan your next move. Call (267) 751-9256 or request an offer below. There is no cost and no obligation to find out if a leaseback works for you.
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What a Sale-Leaseback Is
A sale-leaseback has two parts that happen at the same closing. First, you sell your house to us for cash. The sale pays off your mortgage, any back payments, foreclosure fees, and other liens. Second, you sign a lease with us and keep living in the house as a tenant, paying rent each month instead of a mortgage payment.
Nobody has to pack a truck. Your kids stay in the same school, and you stay close to work and family. The foreclosure case ends because the loan has been paid in full.
It is important to be clear about what changes. After closing, we own the house and you rent it. You no longer build equity, you no longer pay the property taxes or homeowners insurance, and the lease sets how long you can stay and what rent you pay. We put all of that in writing before you sign anything.
How a Leaseback Can Stop a Foreclosure
Pennsylvania uses a judicial foreclosure process. Your lender has to send an Act 91 notice before filing, take the case through the court, and advertise a sheriff sale before it can sell your home. That timeline usually gives homeowners weeks or months to act. If your house sells and the loan is paid off before the sheriff sale, the lender has nothing left to foreclose on.
Because we pay cash, we do not wait on a bank to approve a buyer’s mortgage. That speed matters when a sale date is on the calendar. Once the payoff reaches your lender, the case is closed, and you stay in the house as our tenant.
Who a Leaseback Is a Good Fit For
- Homeowners who fell behind after a job loss, illness, divorce, or reduced income, and can now afford a monthly rent but not the full mortgage plus arrears
- Families who need to stay in the same school district for a season or longer
- Owners who want to avoid a sheriff sale and the damage it can do, but are not ready to move out right away
- Older homeowners who want to stay in a familiar home without the cost of taxes, insurance, and major repairs
A leaseback is not right for everyone. If you can catch up through a loan modification, a repayment plan, or state assistance, keeping ownership may be better for you. If the rent would be more than you can comfortably pay, it only delays the problem. We will tell you honestly if we think another option fits better.
How Our Leaseback Process Works
- Tell us about the house and your situation. Call (267) 751-9256 or fill out the form. Share the property address, what you owe, and your sheriff sale date if one has been set.
- Get a written offer and proposed lease terms. Within 24 hours we send a cash offer for the house and the monthly rent and lease length we can offer. You see both numbers together before you decide.
- Review it with someone you trust. We encourage you to have a real estate attorney or a HUD-approved housing counselor review the agreement of sale and the lease. There is no obligation to accept.
- Close and stay. At closing, a licensed title company pays off your mortgage and liens. You sign the lease at the same time and keep living in the house. Any money left after the payoff goes to you.
What You Should Know Before You Sign
We want every homeowner to go in with clear eyes. Before you agree to any leaseback, from us or anyone else, make sure you understand these points:
- You are selling the house. After closing, you are a tenant, not an owner. Your rights come from the lease and Pennsylvania landlord-tenant law.
- Get the lease terms in writing up front. The rent, the length of the lease, who handles repairs, and what happens when the lease ends should all be in the documents you sign at closing.
- Know your equity. Compare our price with what the house might bring on the open market. If you have a lot of equity, listing or refinancing may leave you with more money.
- Get independent advice. A HUD-approved housing counselor can review your options at no cost, and a Pennsylvania real estate attorney can review the paperwork.
We cannot give legal or tax advice, and we cannot promise a specific outcome in your foreclosure case. What we can promise is a straight answer, a written offer, and a lease you can read before you commit.
Why Bucks County Homeowners Call We Buy In Bucks
We are a local cash buyer, not a national call center. We buy houses across Bucks County, from Levittown and Bensalem to Doylestown and Quakertown, and we know how quickly a foreclosure timeline can move. If a leaseback is not the right fit, we can also simply buy the house and let you choose your move-out date. You can read more on our stop foreclosure in Bucks County page or see how our process works.
The same leaseback option works if you are facing a Bucks County tax sale for unpaid property taxes.
Frequently Asked Questions
Can I really stay in my house after you buy it?
Yes. With a sale-leaseback, you sign a written lease at closing and keep living in the home as our tenant. The lease sets your monthly rent and how long you can stay. You see those terms before you agree to sell.
Will a leaseback stop my sheriff sale?
If the sale closes and your loan is paid off before the sheriff sale, the lender no longer has a debt to foreclose on, and the case ends. Timing matters, so contact us as soon as you know your sale date. We cannot guarantee we can close before every deadline.
Can I buy the house back later?
Our standard leaseback is a rental agreement, not a buyback program. If buying the home back is important to you, tell us up front so we can talk through what is and is not possible before you sign anything.
How is the rent set?
Rent is based on the house, the price we pay, and local rents in your part of Bucks County. We show you the rent with the purchase offer so you can judge whether it fits your budget before deciding.
What happens to the money left after my mortgage is paid?
Any proceeds left after the mortgage, back payments, fees, and other liens are paid go to you at closing through the title company. You will see the full breakdown on the settlement statement.
Should I talk to anyone else first?
Yes. We recommend speaking with a HUD-approved housing counselor about loan modifications and assistance programs, and having a Pennsylvania real estate attorney review the agreement and lease. This page is general information, not legal advice.