Case Study · Foreclosure Intervention · Closed April 2026
$103,441 net. 21 days. A foreclosure matter that required strategy, speed, and coordination.
Before
After
The Situation
The Situation.
Two co-owners — former fiancés — faced foreclosure with $25,000 in arrears on a $258,000 deed of trust balance. The co-owners were no longer communicating directly with one another, the property had been vacant for over eight months, and severe deferred maintenance and neglect had left it entirely unprepared for market.
Most brokers would have listed it low, priced for the condition, and hoped for the best. This situation called for something different.
What We Handled
What We Handled.
Thomas Austin Real Estate met with each party individually — navigating the communication gap with discretion and bringing both co-owners into alignment on a path that preserved equity rather than allowing the matter to continue toward foreclosure.
Within 72 hours of listing approval, a full property clean-out was coordinated and completed. Personal and sentimental items were identified, packaged, and delivered to the homeowners and their families — a step that mattered as much to the clients as the transaction itself.
The property was evaluated in as-is condition. Rather than discounting solely for the condition, a $415,000 list price was established based on the property's underlying value and the strength of the surrounding market. A neighboring buyer with an existing interest in the property was identified, and their agent was engaged directly — resulting in a private buyer negotiation that drove the final purchase price to $445,000, $30,000 above list, with no inspection contingency.
The transaction closed in 21 days. Both parties received a combined net of $103,441.66 — preserving equity that was at serious risk had the foreclosure proceeded.
The Result
The Result.
$103,441.66 net to sellers. 21 days. No inspection contingency. A property in foreclosure — closed above list price through direct buyer negotiation, with two co-owners no longer communicating directly with one another.
That is what coordinated, fiduciary-minded real estate looks like in practice.
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