Property: Marina Club Dr, Wilmington, NC 28409
Client: Cape Fear Cash Offer LLC
Owner: Jason Velie
Property Type: Single-Family Waterfront Home (with 30’ deeded wet slip)
🚨 A Desperate Situation: Foreclosure Already in Motion
In April 2024, the owner of a luxury waterfront home in Wilmington was facing one of the most stressful moments of his life. His property had already gone to foreclosure auction and was in the 10-day upset bid period, leaving only 48 hours before the sale would become final.
If completed, the foreclosure would damage his credit for 7+ years, destroy his equity, and leave him with nothing. Unable to catch up on payments or tackle the major repairs the property needed, he feared there was nothing left to do.
He discovered Cape Fear Cash Offer through a Facebook ad, made the call, and received a response within one hour.
💬 What the Seller Needed Most: Speed, Relief & a Way Out
This wasn’t a typical distressed property. The home sat in a desirable community and included a 30′ deeded wet slip, ultimately selling for $1,000,000. Repairs were extensive—estimated at over $120,000—but the biggest problem wasn’t the condition.
It was the ticking foreclosure clock.
The seller expressed:
- Stress and anxiety about losing everything
- Concern about long-term credit damage
- Fear that it was “too late” to fix the situation
🛑 The Turning Point: A Race Against Time (and a Quick Trip to the Hospital)
Right as the seller needed help, owner Jason Velie was in the hospital for the birth of his child. Yet the clock was ticking. Without restarting the foreclosure countdown, there would be no way to purchase directly from the seller.
So the Cape Fear Cash Offer team sprang into action:
✔ Reached out to an investor friend
✔ Secured a cashier’s check
✔ Got an upset bid placed just in time
✔ Restarted the 10-day window
✔ Went under contract with the seller
✔ Closed in only 9 days
This coordination required unique expertise, fast access to capital, and a team that could execute under extreme pressure.
🥳 After Closing: Relief, Gratitude & a Fresh Start
Not only did the seller avoid foreclosure —
Cape Fear Cash Offer also:
- Gave him cash in his pocket quickly
- Allowed a couple extra weeks to move after closing
- Saved him $120,000+ in repairs
- Helped protect his credit and financial future
His reaction? Relief, gratitude, and disbelief that it worked.
📈 How This Decision Improved the Seller’s Life
| Benefit | Impact |
| Avoided foreclosure | Saved credit from 7+ years of damage |
| Received fast cash | Provided stability & options |
| Saved repair costs | Avoided $120k+ renovation burden |
| Closed in just 9 days | Eliminated further financial strain |
| Extra move-out time | Reduced stress during transition |
📌 Why Sellers Choose Cape Fear Cash Offer
This case shows that Cape Fear Cash Offer doesn’t just buy distressed, low-cost properties. They have the expertise, capital, and persistence to save higher-end homeowners from financial disaster, even at the last minute.
They deliver:
- Fast closings
- As-is cash offers
- Foreclosure rescue experience
- Creative problem solving
- Compassionate, personalized support
- Service that continues after the sale
🏆 Final Takeaway
Even luxury homeowners can face foreclosure. When speed, strategy, and empathy matter most, Cape Fear Cash Offer steps in with real solutions — not empty promises.