Ohio House Buyer
Attention Ohio Home Owners…
Are you facing any of these common
real estate problems?
- Behind on your house payments?
- Owe more on your house than it’s worth?
- Facing foreclosure?
- Foreclosure already filed?
You are not alone!
In fact, the Federal Reserve reports that 1 of 7
However, a foreclosure filing does not mean that you have been foreclosed. It only means that the process has started. You are officially foreclosed when the property is sold at the sheriff’s sale. That’s important!
Are you are a few payments behind? Or, have the courts already served you with foreclosure documents? Either way, you STILL have options!
Where do you turn?
A foreclosure stays on your record for at least 7 years. It makes it nearly impossible to get a loan for a new home for at least 5 years. And it can be avoided!
One of the easiest ways to solve your problem is to sell your house using a short sale.
What is a short sale?
A short sale is when your lender(s) agree to accept less than full payoff in order to settle your account and release your mortgage. This allows you to sell your house and move on with your life.
Why would my lender accept a short sale?
The foreclosure process is long, expensive, and risky for the lender. During a foreclosure, home owners are not making payments. Yet, the courts must be paid, the attorneys must be paid, and the property must be advertised for auction (not cheap). Often, the owners move from the property, so the lenders are forced to pay utilities, maintenance and upkeep, property taxes, and insurance. And these properties are often vandalized and pilfered before the lender “wins” the property back at the sheriff’s sale.
As you can see, the lender would prefer to receive full payoff for your loan, however, accepting a short sale is often their best option.
Following is a recent article from the Columbus Dispatch that provides more details…
Treasury speeds up process for short sales of homes
By J.W. Elphinstone
ASSOCIATED PRESS
The Treasury Department unveiled sweeping rules this week to help financially troubled homeowners who need to sell but can't get a price high enough to pay off their mortgages. Homeowners will even get $1,500 to help cover their moving costs.
Short sales, as these deals are known, reduce the damage to the borrowers' credit record and save the lenders the cost of foreclosure. Short sales also help neighboring property values because the sales price is usually higher than what the house might have fetched in a foreclosure auction.
About one in 10 home sales this year was a short sale, or an estimated 500,000 sales, according to the National Association of Realtors.
How can
First, we are professional home buyers. We are not paid consultants, and we will never ask you for money. That’s important.
We buy several houses each year, and we can buy yours too. When we buy your house, there will be no contingencies, no lengthy appraisals or inspections, and none of the traditional hassles. You will have ample time to move, and importantly, we will close in a private setting at a Title Company, NOT on the courthouse steps!
Second, we are cash buyers. That means we don’t have to go through the lengthy loan approval process in order to buy your house. And there will be no last minute “surprises.” We simply show up at the closing table, sign a few forms with you, then we write the lender a check. Case closed.
Finally, we are experts at negotiating short sales with lenders. This is where most of the rookies fail. We know what it takes to get your case closed… because we have done it many, many times. It’s hard work, and no one in
What should you do next?
The next step is to provide us with some basic information about your house. You can call our 24 hour Hotline at 614.465.0125, or you can complete the simple form below. Either way, we will quickly review your information to determine whether your property meets our investment criteria.
While we occasionally make exceptions, most of the properties we purchase are single family houses ranging in value from $150,000 to $5,000,000.
If your property qualifies, one of our friendly representatives will be in touch with you within 24 hours. Of course, there is no obligation on your part, and all information is held strictly confidential. And we promise to be fast, friendly, and fair.
Don’t delay. Contact us today to see what we can do for you!
