When you use us sell your home, we offer you a fast cash payment as well as paying all your standard closing costs. Whether your home has a damamged foundation, termite infestation or other major issues, our team of real estate specialists is prepared to offer fair market value for your unwanted property. Talk to our helpful representatives today about achieving the financial flexibility you need through a fast cash payment for your damaged home.
In the real estate industry, if a property is associated with any financial or legal entanglements than can impede its immediate readiness for sale, it is said to be "distressed." The property can be classified as pre-forclosure, foreclosure at auction or bank-owned/repossessed depending on the stage of foreclosure the home is in. Read our "What Are Distressed Properties" page to learn more about the difficulties of selling properties for many motivated homeowners
Distressed homes is a real estate industry term defined as a home that is assessed to be in non-optimal physical condition. Common issues that can cause a home to be considered "distressed" include foundational damage, termite infestation and properties in poor repair due to lack of recent tenancy. These properties often prove to be difficult to sell through traditional real estate channels because interested buyers typically look for homes that are ready to move into, with limited or no issues of this type. Unfortunately, that means that homes that do have these issues can sit on the market for months or even years, even in areas generally known for their high property values. Worse, these homes can require thousands in extensive out of pocket repairs in order to attract a preferable price on the open market. Distressed homes may even require that special provisions be placed into the purchase agreement even after critical repairs are made, and so many transactions involving these homes fall apart at the closing table. Combined, these factors make properties declared "distressed" extraordinarily difficult for the average homeowner to sell through conventional means. That's where we in. Our no-obligation appraisal process means you can call to schedule a basic evaluation of your home's condition and obtain a fair cash value for your property in much less time than selling your home through a traditional real estate agency. No extended time on the market and the associated listing and maintenance costs, no spending a small fortune on required renovations, just fast cash in your pocket for your unwanted home, often within 30 days or less. We have helped thousands of motivated sellers nationwide free themselves from distressed homes, and our staff of specialists is standing by to put its expertise to work for you. Call today.
For many sellers motivated to close on a transaction for their unwanted property, the roadblocks to the closing table can prove intimidating. Homes assessed as "distressed" often require thousands in vital repairs to make them ready for sale on the open market, and even once listed can take much longer to sell than properties without a history of the issues that can cause a home to be declared "distressed." In fact, open market sale on distressed homes is associated with a range of common complications, and we offer a no-hassle alternative for homeowners looking for fast cash payments for their properties.
Major issues that can have a negative impact on the open market value of a home are often only discovered in an inspection as the house is being prepared for sale. Often, limited access to remodeling funds means that homeowners are forced to delay their sale until they can pay for the repairs, and this delay can postpone closing on a sale for years in some cases. Meanwhile, the homeowner is responsible for the home's day to day maintenance, upkeep and expenses!
Owners of homes considered distressed almost always underestimate the timeframe for closing on a sale of their property on the open market. Repairs can take months and cost many thousands of dollars in the case of issues such as plumbing operations and flood damage. Financial entanglements can develop into legal obstacles which easily scare off otherwise interested parties.
Homes considered distressed can even become impossible to sell due to outside factors such as problem tenants who intentionally damage a property after an eviction or sale. Squatters can be another problematic issue, taking up residence in the property illegally to make it impossible to sell, show or even repair in some cases.
Get Your Home Off The Market Now.
Selling Your Inherited Kent, Ohio House
Selling your inherited house can come with a number of legal entanglements such as liens and estate taxes as well as the emotional burden of depersonalizing what may be a meaningful place. It can be particularly problematic in the case of default, in which the mortgage must continue to be paid or risk foreclosure in many jurisdictions. Further complicating matters, there is often a "creditor claims" period during which all assumed rights to the property are verified. During these various processes, homeowners can be burdened with the costs of everyday upkeep as well as legal expenses related to the transfer and eventual sale of the house.
Can I Sell My House with Major Foundation Issues?
We are an area leader in purchasing homes with damaged foundations and other major issues for years, and is here to offer fast cash for your unwanted property. We provide a no-obligation appraisal for your property through our convenient application process, and we purchase your home as-is so you won't have to worry about skittish buyers or expensive repairs. When you sell your house to us, we pay all of your standard closing costs. We never turn down homes with damaged foundations, because we want to offer the financial flexibility you need. We are a local leader in buying distressed homes, and can offer you the fast cash settlement you need. Talk to one of our friendly representatives for a free consultation.
Can I Sell My House with Termite Damage?
Once you've sold your home to us, your termite damage is our problem. We handle all the repairs and renovations while keeping pace with the open connect your home with buyers…all you do is enjoy your cash payment. Selling your home through conventional real estate channels can take months, and the process can be even more difficult when a home has termite damage…so sell it to us! When you work with us, we pay all your standard closing costs, so you can get the most possible financial flexibility from the proceeds of the sale. We relieve you of the burden of a termite damaged home so you can move on to the next chapter of your life. Contact one of our helpful representatives to begin your no-obligation evaluation process.
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When you call, we'll go over the details of your house with you. It won't take us long to put together the details and give you an offer You dont't have to take it, you're not obligated to us for anything . But call to get our bid, we're extremely competitive and will get your home off of your hands conveniently, so you don't have to worry anymore . Call us now for our offers!
Our family received an inheritance of a large estate in an area where we couldn't possibly afford the yearly taxes. After asking a few friends, we were led to us, where we were offered a price we felt was fair and got a cash payment in less than a month. Great experience!
Kent, city, Portage county, northeastern Ohio, U.S., on the Cuyahoga River, immediately northeast of Akron. The site was first settled in about 1805 by John and Jacob Haymaker and was called Riedsburg. It was later named Franklin Mills, and when incorporated as a village in 1867 it was renamed for Marvin Kent, a promoter of the Atlantic and Great Western Railroad (later Erie Lackawanna Railway).Kent Free Library, Kent, Ohio. Jon RidingerCommunitygrowth was stimulated by the foundation in 1910 of a state normal school, later Kent State University. In 1970 the university received international attention when an anti-Vietnam War protest there resulted in the deaths of four students. Manufactures (promoted by Akron's industrial expansion) include electric motors, machine tools, dairy products, greenhouse equipment, plastics, and machinery. Inc. city, 1920. Pop. (2000) 27, 906; (2010) 28, 904.
The one reality about today's housing market is that many people have more questions than answers. The following information is intended to help you or someone you know better understand your situation. Do I Qualify For A Short Sale?
Financial Hardship - There is a situation causing you to have trouble affording your mortgage. Monthly Income Shortfall - You have more month than money. A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage. Insolvency - The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.
What Is A Mortgage Modification?
A mortgage modification is a process through which your mortgage lender changes any or all of the following:
Your interest rate Your principal balance (through a reduction) Your loan terms (example: from an adjustable to a fixed rate) This process can allow borrowers to stay in their property when they can no longer afford their current mortgage payments.
Why Would A Lender Modify My Mortgage?
Lenders have realized that in some cases it is better for them to work with current borrowers to lower payments or possibly improve terms in order to keep homeowners in their properties. The average foreclosure can cost a lender from 35-50% of the value of a property, so keeping borrowers in their homes is a good option for everyone.
What Do I Need To Qualify For A Mortgage Modification?
According to the Making Home Affordable Web site (http://MakingHomeAffordable.gov), you will need the following information for your lender to consider a modification:
Information about your first mortgage, such as your monthly mortgage statement Information about any second mortgage or home equity line of credit on the house Account balances and minimum monthly payments due on all of your credit cards Account balances and monthly payments on all your other debts such as student loans and car loans Your most recent income tax return Information about your savings and other assets Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources If applicable, it may also be helpful to have a letter describing any circumstances that caused your income reduce or expenses to increase (job loss, divorce, illness, etc.) How Do I Qualify For A Mortgage Modification?
The first call you make should be to your lender, have the information above ready to discuss with them and call your customer service line to ask them what options you have available. If the person you speak with does not understand what you are asking, you can ask to be referred to one of the following departments (different lenders have different names for these departments):
Loss Mitigation Mortgage Modification H.O.P.E.
Prior to contacting your mortgage lender you can quickly complete an eligibility test at http://MakingHomeAffordable.gov. This test will let you know if you are eligible for a modification through the government-sponsored Home Affordability and Stability Program (HASP).
For a list of mortgage lenders and servicers, visit www.HopeNow.com.
What Is A Home Affordable Refinance?
If Fannie Mae or Freddie Mac owns your mortgage, you may be eligible for a Home Affordable Refinance. This will allow you to refinance your home and often lower your payments.
What If I Don't Qualify, Can't Afford My Home, And Owe More Than It's Worth?
You are not alone and foreclosure is not the only option. If your mortgage lender or servicer will not work with you to reduce your payment, you may want to consider a short sale. Agents with the 'Certified Distressed Property Expert' Designation have undergone extensive training in how to process and negotiate short sales.
A short sale allows you to sell your home for less than what you owe and avoid foreclosure. Speak to your market expert to see if you may qualify.
What Are The Qualifications For A Home Affordable Refinance?
According to the resources released by the government, following are a list of qualifications:
You are the owner occupant of a one- to four-unit home The loan on your property is owned or securitized by Fannie Mae or Freddie Mac (see Useful Links) At the time you apply, you are current on your mortgage payments (you haven't been more than 30 days late on your mortgage payment in the last 12 months, or if you have had the loan for less than 12 months, you have never missed a payment) You believe that the amount you owe on your first mortgage is about the same or slightly less than the current value of your house You have income sufficient to support the new mortgage payments, and the refinance improves the long-term affordability or stability of your loan.
We provide Unwanted House services for residents and companies. We provide services in every State including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho State, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming