Land & Property 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. HomeBuyers Of America, a family-owned cash home buying company, is helping local homeowners find solutions as financial stress leads to more distressed property sales. Serving Rhode Island and Massachusetts since 2012, the company provides cash purchases that allow sellers to move forward quickly and avoid the uncertainties of the traditional real estate market. 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. (attomdata.com) With borrowing costs still elevated and household debt on the rise, many families are struggling to keep up with payments, leaving them with limited options. HomeBuyers Of America works directly with these homeowners by providing fair cash offers and the ability to close on their preferred timeline. Sellers are not required to make repairs, clean out properties, or wait on buyer financing approvals. This approach removes the most common barriers that prevent families from resolving their housing challenges in a timely manner. “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, HomeBuyers Of America transforms distressed properties into move-in ready homes for new families. This process not only supports homeowners looking for immediate relief but also strengthens neighborhoods across Southern New England by returning vacant or under-maintained properties to productive use. 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, and other complex circumstances. By combining fast closings with in-house renovations, HomeBuyers Of America provides simple solutions for sellers and revitalizes housing throughout the region.