And the foreclosure issue in our county.
The Foreclosure Prevention program offers foreclosure counseling free to any homeowner concerned about their ability to manage their mortgage and is a great first. Call 866-889-9347 to get more information.
Selling a home in this tough economy is no walk in the park. If you are facing a foreclosure, then chances are you are grappling with the question, “who can buy my home quickly in Los Banos and surrounding areas?” There are several options that you can explore when putting your home up for fast sale.
Here are three most common options; however, if you need to sell your home fast for quick cash, then be sure to call Tom and Nancy Buy Houses first at 559-715-1651.. We have cash in the bank, and are able to buy any home, anywhere in Los Banos and Surrounding areas California.
#1 Sell your home fast quickly to a local Investor
If you are determined to find a quick buyer, a local Los Banos and Surrounding areas home buying company such as us here at Tom and Nancy Buy Houses are one option for you. We buy houses in Los Banos and Surrounding areas and surrounding areas in California when sellers need to sell fast. If you’re looking to get the full market retail value on your home… and you have time to wait for it to sell (3-6 months) look at option number two. But if you need to sell your house fast and are willing to sell it around the full retail value that you may be able to get by listing it w/ an agent and waiting until it’s sold… we’d like to make you a fast-fair offer on your house today... or call us directly at 559-715-1651.. We are here for you and we listen to what you want in the future for yourself.
#2 Sell your home fast for cash with a Real Estate Agent
If you have a bit more time and can wait for the right retail buyer to come along, and you can pay the 3-6% in real estate agent commissions on the sale… listing your local Los Banos and Surrounding areas California house with a real estate agent is a great option.
A real estate agent is one option for getting your property across to cash house buyers… It is possible to sell your house quickly for cash through a real estate agent.
However, this begins by finding the right agent. Start by asking at least five local Los Banos and Surrounding areas agents to assess your home and show you some comparable homes that they have recently sold for cash. The agent you settle for should list your home in as many property websites as possible in order to broaden the market reach and of course put it on the local Los Banos and Surrounding areas area MLS (multiple listing service).
It is also important that they advertise your home in the local publications buyers tend to look at (newspapers, etc.). To help speed up the process, consider offering the agent an attractive incentive if they manage to sell the house within a specified time frame. With this option you will of course pay the real estate agent commissions… so be prepared to figure that into your overall costs.
#3 Sell your home quickly with a FSBO Listing
According to experts, 90 percent of all property searches now begin online… and if you have time to wait to get your house sold… and the time to show potential buyers your house as they come calling… selling your Los Banos and Surrounding areas house “For Sale By Owner” may be a good fit.
There are tons of web based real estate agents that you can approach to list your home on their websites and some agents will let you purchase a listing on the MLS for $300-$500+. . Additionally, you can list your home on websites like Craigslist as well as online property directories in your area. To attract potential buyers, be sure to accompany your listing with clear photos of your home.
There are several options that Tom and Nancy Buy Houses can give you and you choose the one that fits you if you are willing to sell to us. We can come close to the market value on your house depending on the repairs that it needs. Trust Tom and Nancy to get things done for you.
Here are some options for you:
1. Don’t Ignore the Problem.
The further behind you become, the harder it will be to reinstate your loan and the more likely it will be that you will lose your house.
2.Contact Your Lender as Soon as You Realize That You Have a Problem.
Lenders do not want your house. They have options to help borrowers through difficult financial times.
3. Open & Respond to All Mail From Your Lender.
The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems. Later mail may include important notices of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.
4. Know Your Mortgage Rights.
Find your loan documents and read them so you know what your lender may do if you can’t make your payments. Learn about the foreclosure laws and timeframes in your state (as every state is different) by contacting the State Government Housing Office. You can visit their website.
5. Understand Foreclosure Prevention Options.
Valuable information about foreclosure prevention (also called loss mitigation) options can be found online.
6. Contact a Hud-Approved Housing Counselor.
The U.S. Department of Housing and Urban Development (HUD) funds free or very low-cost housing counseling nationwide. Housing counselors can help you understand the law and your options, organize your finances and represent you in negotiations with your lender, if you need this assistance. Find a HUD-approved housing counselor near you or call (800) 569-4287 or TTY (800) 877-8339.
7. Prioritize Your Spending
After healthcare, keeping your house should be your first priority. Review your finances and see where you can cut spending in order or make your mortgage payment. Look for optional expenses (cable TV, memberships, entertainment) that you can eliminate. Delay payments on your credit cards and other “unsecured” debt, until you have paid your mortgage payment.
8. Use Your Assets.
Do you have assets that you can sell for cash to help reinstate your loan? These can be a second car, jewelry, or a whole life insurance policy. Can anyone in your household get an extra job to bring in additional income? Even if these efforts don’t significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices to keep your home.
9. Avoid Foreclosure Prevention Companies.
You do not need to pay fees for foreclosure prevention help, instead use that money to pay the mortgage instead. Many pro-profit companies will contact you promising to negotiate with your lender, and while they might be legitimate, they will charge you a large fee. You can get free services through your lender, so contact them first.
10. Don’t Lose Your House to Foreclosure Recovery Scams!
If any firm claims they can stop your foreclosure immediately and you sign a document appointing them to act on your behalf, you may be signing over your house to a scammer. Never sign a legal document without fully understanding it and getting professional advice.
Contact a HUD-approved housing counseling agency Toll FREE at (800) 569-4287 or TTY (800) 877-8339.
What is a Short Sale on a House? Process, Alternatives, and Mistakes to Avoid
A short sale in real estate is an offer of a property at an asking price that is less than the amount due on the current owner’s mortgage.
A short sale is usually a sign of a financially distressed homeowner who needs to sell the property before the lender seizes it in a foreclosure.
All of the proceeds of a short sale go to the lender. The lender then has two options—to forgive the remaining balance or to pursue a deficiency judgment that requires the former homeowner to pay the lender all or part of the difference. In some states, this difference in price must be forgiven.
A short sale hurts a person’s credit score less than a foreclosure but it is still a negative credit mark.2 Any type of property sale that is denoted by a credit company as not paid as agreed is a ding on the score. Short sales, foreclosures, and deeds-in-lieu of foreclosure all hurt an individual’s credit rating to some degree.
Short sales don’t always negate the remaining mortgage debt. There are two parts to a mortgage. The first is the lien against the property that is used to secure the loan. The lien protects the lender in case a borrower can’t repay the loan. It gives the lending institution the right to sell the property for repayment. This part of the mortgage is waived in a short sale.
The second part of the mortgage is the promise to repay. Lenders can still enforce this portion either through a new note or the collection of the deficiency. In any case, the lender must approve the short sale, which means borrowers are sometimes at their whim.
So, who can buy my home quickly in Los Banos and Surrounding areas?
If you are grappling with this question, you need to realize that it is possible to sell a home quickly… the main thing you need to decide right now is how fast you need to sell your Los Banos and Surrounding areas house. If you have 3-6 months and can pay the real estate agent fees… list your house with an agent.
But if you don’t have enough room in the house sale to pay an agents commissions… or you can’t wait the time it may take to sell your house at full retail… chatting with a reputable local real estate buyer like Tom and Nancy Buy Houses may be a great option to explore. All you have to do is know your options when it comes to selling property quickly. Click here to learn more home for cash selling tips. Better still, fill the web form below for a fast fair all cash offer for your home.