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We want to sell your house.
And if our information is correct, you may want to sell your house. If that’s the case, read the important information below and give us a call right away. We may have the perfect solution for you.
There are many reasons why people may need to sell a house quickly, relocation, job loss, divorce or illness just to name a few. When things like this happen, it’s easy to fall behind on your payments. We can help regardless of the situation.
If this sounds familiar, we can help, even if your house is already in the foreclosure process or if you are “upside down” meaning you think you owe more then what the property is currently worth.
The most important thing is not to give up.
You may be tempted to just let the bank foreclose, but that would be a terrible mistake. It will ruin your credit for a long, long time. Trust us: That’s a situation you do not want to be in. You may want to file bankruptcy, but all this will do is prolong the inevitable. Once the bankruptcy is discharged the foreclosure process resumes and you could possibly end up with a foreclosure and a bankruptcy on your financial record.
Banks Are Not In The Real Estate Business
Banks are in the business of lending money, not buying and selling real estate. They are not interested in taking your house. For them it creates more work. You still have time to sell your house. Remember, in the state of Florida from the time you receive a Lis Pendens to the time your house is auctioned at the courthouse steps is anywhere from 4 to 6 months and sometimes longer. And if a lender knows that you have your house for sale with a qualified Realtor they may even extend that timeframe.
Why You Should Work With A Realtor?
At this point you have probably received a number of letters or knocks on the door from so-called “investors” who are interested in helping you. Individuals who use catch phrases like “sell your home in 7 days” or “we buy houses cash”. These fleece artists comb the latest foreclosure filings, searching for victims. They then appear on the doorsteps of beleaguered homeowners, posing as rescuers and promising to set everything to rights. Sometimes they don the garb of clergy, sometimes they claim to represent benevolent investment partners. Whatever sheep they wrap themselves in, though, doesn’t hide the wolf behind their motives.
In exchange for their miraculous help, homeowners are made to sign papers that in many instances strip them of the equity in their homes — and in the most egregious examples strip them of the house itself.
The fraud might be set out as an opportunity for a homeowner to refinance his or her way out of trouble, or it could come in the form of a friendly agreement to buy the house and rent it back to the sellers with the promise of letting them buy it back later. Or they will promise to contact their lender on behalf of the homeowner to complete a short-sale only if the homeowner signs over the deed to them first. In the first case, the owners might find themselves with a new mortgage that cost them outrageous fees and let the scammers pocket most or all their equity. In the second case, the guardian angels turn into eviction devils once the sale is complete, tossing the previous owner out on the street. In the third case, a short-sale is not even attempted and the property is sold with the investor pocketing the proceeds without the homeowner ever realizing how much equity they had in their house.
Part of the problem is that homeowners facing foreclosure are often in the dark themselves about the process, including how much time they have under their states’ laws before they actually face the loss of their home. And most are uncertain about the best course of action to take once they get in financial trouble, which can make the smooth pitches of the con artists sound all the more compelling.
The real solution when your mortgage payment is in peril is to get help from licensed Realtors who are governed by the Department of Business and Professional Regulation and not from people who come a calling. Realtors can prepare a Comparative Market Analysis (CMA) so that the homeowners have a better idea of the value of their property. Due to recent increases in property values in central Florida a number of homeowners do not know the true value of their home. But the so-called “investors” do.
At Freda Realty, Inc we acknowledge our responsibility of marketing and coordinating the activities of the other professionals involved in the transaction of selling your house and are dedicated to making this task smooth, profitable and enjoyable for all involved in hopes of having you as our customer for years to come. That is why TeamFreda works with a Licensed Attorney at no extra cost to the seller to negotiate the terms of the short sale if you have no equity in your home.
Call TeamFreda today for a free home equity consultation.