Foreclosure Deadline in Carol City

A Carol City homeowner facing a foreclosure deadline completed an as-is sale in time to pay the mortgage and move forward.

Carol City, Miami Gardens February 2023 Single-family home

The property and seller's goal

The homeowner had fallen behind after a loss of income and needed to sell before foreclosure action.

The main obstacle was a short deadline and substantial mortgage arrears.

Property type: Single-family home
Condition: Occupied and functional, with deferred repairs and little preparation for a sale.
Why the owner sold: The homeowner had fallen behind after a loss of income and needed to sell before foreclosure action.
Biggest challenge: A short deadline and substantial mortgage arrears.
Purchase method: Cash
Closing timeline: 22 days
Closing month: February 2023

The property sold before the deadline. The mortgage and closing obligations were paid, and the remaining proceeds helped the owner relocate.

The documented transaction closed in 22 days.

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