Finance News

HomeBuyers Of America Supports Homeowners Facing Financial Strain as Foreclosure Filings Increase 

The Rhode Island–based home buying company helps homeowners in difficult situations by providing fair cash offers, flexible closings, and stress-free alternatives to traditional real estate listings. From probate properties and costly repairs to foreclosure challenges, HomeBuyers Of America continues to serve as a trusted option for sellers across Massachusetts and Rhode Island.

Pawtucket, RI – HomeBuyers Of America, a family-owned cash home buying company, is helping local homeowners find simple and fast solutions as financial stress continues to impact property owners. With many families facing mortgage pressure, increasing costs, or unexpected life changes, the company provides a reliable path to sell homes quickly without the delays or complications of the open market.

Serving Rhode Island and Massachusetts since 2012, the company offers fair cash purchases that allow sellers to move forward on their timeline and avoid the uncertainty of waiting for traditional buyers, inspections, or financing approvals. Every transaction is handled with transparency, ensuring homeowners know exactly what to expect from start to finish.

According to ATTOM’s Midyear 2025 U.S. Foreclosure Market Report, there were more than 185,000 foreclosure filings in the first half of the year — an increase of 7 percent compared to 2024. With borrowing costs still high and household debt levels continuing to rise, more families are struggling to keep up with mortgage payments, leaving them with limited options.

HomeBuyers Of America works directly with these homeowners by providing fair cash offers, quick responses, and the ability to close on a date that suits the seller best. Sellers are not required to make repairs, clean out the property, or deal with realtor commissions. This straightforward approach helps families resolve financial stress and move forward without added burden.

“Every situation is unique, and our role is to provide clarity and relief when people feel stuck,” said Phillip Renzi of HomeBuyers Of America. “Whether a homeowner is facing foreclosure, dealing with an inherited property, or simply needs a fast sale, we focus on creating a solution that reduces stress and provides peace of mind.”

By managing renovations in-house, the company transforms distressed or outdated properties into move-in-ready homes for new families. This process not only supports homeowners seeking immediate relief but also strengthens neighborhoods across Southern New England by bringing vacant or under-maintained houses back to life. The result is a positive cycle — helping sellers, buyers, and communities alike.

HomeBuyers Of America is proud of its local roots and commitment to integrity. The company’s success is built on honest communication, reliable service, and long-term relationships with homeowners who trust them during life’s toughest transitions.

For more information about how HomeBuyers Of America helps homeowners in Rhode Island and Massachusetts, visit https://hboa.com/.

About HomeBuyers Of America
HomeBuyers Of America is a locally owned and operated real estate investment company based in Pawtucket, Rhode Island. Since 2012, the company has specialized in purchasing homes for cash, including properties in probate, foreclosure, divorce, or other complex circumstances. By combining fast closings, personalized offers, and professional renovations, HomeBuyers Of America provides simple solutions for sellers while revitalizing housing throughout the region.

Comments
To Top

Pin It on Pinterest

Share This