Frequently Asked Questions About Foreclosure
Can you really help me?
How are you different from real estate agents?
How much do you charge to help?
I have been served a Notice of Default, what does this mean?
I haven't been served yet, but I'm behind on my payments. Should I worry?
Why did my mortgage company send back my payment?
Can you really help me?
We've guided people through lots of different situations, helping them achieve realistic goals.
How are you different from real estate agents?
Real estate agents don't want to help you, they just want to
“list” properties. They charge you to sell your property
with no guarantee that it will sell. The process usually takes many
months! You never know when it'll sell or for how much.
We want you to try to keep your home first and if all else fails we
will buy your house. We make you a fast cash offer and you won't have
to do any repairs, cleaning or pay fees and commissions.
How much do you charge to help?
Our advise is free, and you're under no obligation.
I have been served a Notice of Default, what does this mean?
A Notice of Default (N.O.D.) means that the lender has contacted an attorney
and the foreclosure process has begun. You need to act quickly to get your situations resolved before the auction.
I haven't been served yet, but I'm behind on my payments.
Should I worry?
If you're behind on payments,call your lender immediately and tell them
why you're late. They may be able to work with you in getting
caught up again.
Why did my mortgage company send back my payment?
When you miss a payment most lenders will only take the full amount you
owe. Call your lender immediately and try to work something out to get
caught up on your payments. There are better ways of handling a
financial crisis than going into foreclosure or bankruptcy.
What sort of properties do you buy?
- Houses
- Condos
- Townhouses
- Duplexes
- Triplexes
- Fourplexes
- Fire damaged property
- Properties which have been on the market for a long time
- Apartment Buildings
- mobile homes on land but not in parks or rented land
- mobile home parks
- Property that requires lots of repairs
- Pretty houses
- Ugly houses
- and other residential property
How can you buy fast?
We have financial backing in place.
We don’t need to wait for lender approval or a mortgage like other
traditional buyers.
How much will you pay for the property?
There are always
exceptions to the rule but usually the offer you receive will usually
be less than the retail value. We are in business to make money so we
buy houses below market value. Remeber thought that if you
need to sell fast we close quickly, and typically pay all normal
closing costs.
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