This is a very common question.  You should still own your home/property/real estate up until a Foreclosure Auction date has arrived and the Auction has completed.  The lender does this legal process to transfer ownership to them in order to pay off the existing past due and total balance owed.  The Real Estate is the collateral that they are in the process of collecting.  You should be able to sell the property to a third party before then but keep in mind time is short and to move quickly. With a good strong buyer (like Mr.Buyer ) you can show the lender /Foreclosing Attorney the Purchase and Sales Agreement to help stop the sale.  Keep in mind if no payments are received after that they can restart the process.  Timing is crucial.