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Pre-Foreclosure | What Can It Do For The Owner And Potential Buyers

Pre-foreclosure | What Can It Do For The Owner And Potential Buyers

Home buyers are attracted to homes in pre-foreclosure because their selling value is often substantially lower than their market value. Aside from the fact that a buyer can buy the home at a discounted price, there is often little to no competition compared to multiple offers for other types of properties on the market.

Those properties are usually hot and crowd the popular listing sites. And because of lowered or discounted price, most buyers, especially those without experience, will choose cheaper mainstream houses without proper probing or thorough research. But before you get all excited to run out and snap up some great discounted properties, you need to know… the pre-foreclosure process isn’t as simple sounding as it is being advertised.

Why Houses Undergo Pre-Foreclosure

When a homeowner gets behind on several mortgage payments, the lender has the right to start the foreclosure process. It is not necessary for a foreclosure notice to be filed in public record, however, the notice of default will become a public record. Even with a default notice, the owner still has the option to make mortgage payments until such time that the payment becomes current.

However, if the homeowner remains in default without making any effort to bring the past due amount current, eventually the property will be foreclosed upon, and they get evicted. The house will be repossessed by the bank and will become a Real Estate Owned (REO) property.

Bank-owned houses offer great deals to home buyers because most banks want to sell repossessed properties right away. They’ve already spent so much on the foreclosure process, selling these properties as soon as possible will help them get back some of their investment, and do away with the hassle of maintaining the house.

Pre-Foreclosure vs. Short Sale

Houston sell my house fastIt”s a common misconception to say that pre-foreclosure is the same as a short sale. Although both include selling a home, there is a vast difference between these two.

Pre-foreclosure means an owner is greater than 90 days late on payments and lender has started the foreclosure process with a notice of trustee sale. While in a default status, an owner often isn’t ready to sell and move,” says Kevin Sucher, a realtor at Prudential Northwest Properties in Portland, OR.

While Cathy Baumbusch, a realtor at Re/Max Allegiance explains that, “Short sales are listed by a broker. In a short sale, the seller may wait months to receive an answer from the bank, and the bank may end up saying no, but will likely get the opportunity to have an inspection.” Find the professional explanation here.

When the lender or bank agrees to sell the house for a lower price, taking a loss, the property can be listed for sale right away. However, not all sellers are behind on payments. Some would choose to sell their home fast in Houston to relocate or move into a new place more suitable to their lifestyle. So, not all short sales fall under pre-foreclosure. At SellAnyHouse, we cater to homeowners in need of a fast sale, especially those who do not want to lose their homes due to several missed payments.

How Should Buyers Choose

Now that we’ve laid out the clear difference between the two, buyers have the option to choose which type of house could give them a better discount with lesser risks.

Both foreclosures and short sales present home buyers with a unique opportunity. Not only are these properties often sold at a discount, but the buying process can be more streamlined since the owner or lender wants a quick resolution.

However, just as with any other home, it’s important for buyers to make sure their investment is worth it. This means having the property inspected by a professional home inspector, especially since the majority of foreclosed properties are sold “as is.”

For individuals looking to speed up the home buying process even further, property auctions provide a great way to purchase foreclosed and short sale properties in a very short time frame. Not only do auctions offer the certainty of a target sale date, they also provide a level of transparency and straightforwardness that can be missing in other forms of home buying.

On the other hand, there is a growing alternative method in the real estate market that doesn’t require hiring and paying for a realtor. SellAnyHouse.com, a home buying company, has been servicing the Houston community for years, offering a practical and speedy solution to anyone who wishes to get away from a sticky situation.

We buy houses in Houston, TX in exchange for a fair cash offer. Learn more about us today and don’t miss the opportunity in Houston to sell my house fast!

By | 2017-05-04T04:11:27+00:00 May 5th, 2017|Article, Pre-Foreclosure|0 Comments

How Strong Is Your Home Structure When An Earthquake Hits?

How Strong Is Your Home Structure When An Earthquake Hits?

The ground beneath us has been moving since the beginning of time. Earth itself is a living planet, its inner core shifting from left to right, up and down, causing tremors to the surface ground. These movements, whether light or vigorous, create minimal to destructive effects on houses, buildings, and any other type of structure standing upright.

Houston we buy housesFrom a government earthquake report posted in March 2016, a total of 21 earthquakes in Texas were recorded in 2015. This is a comparably small figure to Oklahoma’s 888 ground movements in the same year, or to a whopping 1575 quake recordings in Alaska. Houston, Texas may not be as prone to this natural phenomenon as the other states with higher numbers, but it doesn’t mean everyone can relax.

News across the globe about earthquakes ranging from magnitude 6 to 8 has resulted to several deaths due to buildings collapsing, roads caving in, and sudden sinkholes appearing. Unfortunately, no machine or gadget has been able to predict the coming of an earthquake. The question now is how can you remain safe in your own home?

The Strength Of The Housing Structure

Some families, as a precautionary measure, would choose to sell my house Houston to relocate in a community with lesser quake movements and fewer natural disaster occurrences. While this is a good way to keep your family safe, it may be relatively impractical. Experts on structural issues would recommend strengthening the conditions of a house or building.

In Houston, we buy houses from families with difficult building issues. In as much as possible, we provide solutions and practical advice on the most common housing problems to homeowners who still wish to keep the property. Below is a checklist for an earthquake resistant house.

#1 Who built or designed the house? – Was it designed by a licensed architect? Was it built by a licensed builder?

#2 How old is the house? – The more recently the structure has been built, the better the chances more natural disaster precautions and updated best practices have been utilized in the planning and building… especially in earthquake-prone regions.

#3 Was the property damaged by previous earthquakes or other natural acts? – Has it been properly repaired? Has it been treated for structural issues?

#4 What is the condition of the property? – Are walls and foundations straight or curved and bulging? Has it been remodeled, expanded or extended?

#5 What is the foundation made of? – Were stones used or reinforced concrete?

#6 What about the house’s overall condition? – Do you have a fairly new house, newly renovated, twenty years or older, or has undergone several repair jobs?

If your answers to the questions in the checklist are leaning to the positive side, then your property should withstand minimal shaking of the ground. You can also consult a structural engineer to conduct a thorough inspection and provide expert input on improving the building structure of your house, fix existing structural issues or prevent a structural collapse.

Know That You Have An Option

Every family is allowed to settle in a neighborhood that can offer safety and comfort. If the news on any recent earthquakes and other disastrous occurrences near you has you concerned, or you are dealing with any kind of financial crisis you have the right to sell my house Houston any time.

SellAnyHouse.com will help you with speeding up the process of selling your property. Our process often gets completed in as little as 5 days without charging any closing fees. Therefore, you can rest well and avoid stress while you look for a new place to live. We make it simple, hassle-free, and fast.

We are a click away if you need assistance!

By | 2017-04-10T20:37:42+00:00 April 12th, 2017|Sell Your House Fast, Structural Issues|0 Comments

Avoid Depression When Dealing With A Divorce | We Buy Houses In Houston

Avoid Depression When Dealing With A Divorce | We Buy Houses In Houston

Marriage is as sacred and eternal as it is bound by a contract and in good faith. This is why the idea of separation is so mortifying, even when looking at divorce rates in America, and even across the globe.

It is a topic so commonly heard of but the people subjected to the process and those who have been through a similar experience can’t help but cringe at the idea.

In Texas alone, the divorce rate was 2.6 per 1,000 population by 2015, with Arkansas having the highest divorce rate in the same year. This is based on the data compiled by the National Vital Statistics System (NVSS), posted in the Centers for Disease Control and Prevention’s (CDC) official website.

houston home buyers investorsThis unfortunate phase in marriage often results in the division of property, the need to sell the Houston home fast, and the dread of having to go separate ways.

We buy houses in Houston fast to help homeowners take one burden off their shoulders. But before we go into selling a house, first we must take into consideration what one goes through when faced with a divorce.

Getting Depressed Won’t Help

The emotional impact brought on by a divorce, whether while going through the case or after the court decides, may be too difficult to set aside or ignore. The worst case scenario is for one of the involve parties to fall into a serious case of depression. There are healthier ways to overcome a divorce. Let’s focus on three doable coping up steps.

1. Acknowledgment and Acceptance

Don’t deprive yourself from feeling the emotion – pain, sadness, anger, feeling betrayed and sorry. It is normal to feel hurt and angry at first, it a common reaction. But don’t invest too much on these emotions, instead acknowledge them for what they are, understand the circumstances that led to the separation, and then accept the situation for what it is.

Don’t blame yourself or put the blame on others. Reflect on what had gone wrong and could have been done to rectify the problem. By allowing yourself to accept the reality of it, you can pick up the small pieces and bind them together so you won’t repeat the same mistakes.

2. Bounce Back and Breathe

Past the wallowing and grief, give yourself time to breathe. Instead of hiding away, try to reconnect with old friends or visit your family more often. A change of location can help you think less of what transpired before and during the divorce process. The purpose is not to drown in sorrow or self-pity, but surround yourself with supportive friends and family.

Bounce back! Participate in activities you used to do and the things you always love doing. If you are athletic and you love sports, you can join the gym or start training for local marathons. You can take swimming lessons or start painting. Replace the negative vibe with positive energy.

3. Create and Conquer

Be fearless. Find the strength within you to create a new path for yourself, the path to healing and starting over. It isn’t easy, but it’s never impossible. Take care of yourself, stay healthy in both mind, body, and soul. By focusing on you and keeping yourself fit, you can fight away depression. And the most important of all, learn to love yourself a little more.

There Is No Shortcut

We can never tell when one can completely move on from a painful divorce. It is evident in the number of ‘sell Houston home fast’ outcry from couples undergoing separation. We understand the urgency to sell house fast in Houston, therefore we have formulated practical, simple, and reliable fast home buying methods for a speedy transaction.

We buy houses in Houston to promote a timely and time-saving process in selling a property. We are a Houston home buyers investors ready to respond to anyone in need of a fast home sale.

Don’t hesitate to let us know if you want to sell your house fast in Houston!

By | 2017-03-16T18:44:00+00:00 March 16th, 2017|Divorce|0 Comments

Managing Your Mortgage Terms | Sell A Houston Home Fast

Managing Your Mortgage Terms | Sell A Houston Home Fast

Before you enter into an agreement to finance the purchase of your new house, you must take into consideration the terms included in the agreement. Nobody wants to end up with a bad mortgage later on whenever unforeseen circumstances come your way.

Entering into an unfavorable mortgage may jeapordize your ownership. Doing so can mean that you will need to look into how to sell a houston home fast.

In a distribution table presented by Matthew Frankel, it shows that 36% of American household had an average debt of $168,614 by the fourth quarter of 2015. That’s a projected 48.9 million household with a burdensome debt.

Although it isn’t necessarily a bad mortgage debt that make up the numbers,  there are households experiencing financial concerns due to payment terms that have gone from a sparkly start to a blurry in-between agreements. Learn how to avoid ending up with a bad payment plan.

Avoiding A Risky Mortgage Agreement

home buyers houstonBy understanding the agreement terms that may cause financial constraints on you, avoiding these type of settlement agreements could save you from experiencing one. It is important to know what to expect and learn the things that most lenders may choose not to include in their agreement clause.

The 40-Year Fixed Mortgage

Similar to a 30-year fixed mortgage loan, this type of financing assistance allows homeowners 10 more years to pay. The monthly payment will be the same for the next 40 years. However, the breakdown of how much goes to the principal and interest will change throughout the repayment period.

The majority of the payment for the earlier years will cover the interest fee while the principal amount will be paid off towards the end of the agreement.

The disadvantages are:

– You may be paying more on interest than the principal amount.

– Building equity is slow because most of the monthly dues go to interest first.

– Not all lenders offer a 40-year fixed loan.

– Families often refinance or sell their homes after a number of years, therefore forfeiting the purpose of this plan.

Adjustable Rate Mortgage

Adjustable Rate Mortgage (ARM) has a fixed interest rate for a short initial term ranging from 6 months to 10 years before an adjustment on the interest can be made. The initial interest is called a teaser rate, which is lower than a 15 or 30-year fixed loan. The rate is adjusted periodically, could be once a year or every six months.

The disadvantages:

– The periodical adjustment might be a concern if you plan to stay longer.

– A lower initial monthly payment could mean higher monthly dues after the adjustment.

– Interest rates may increase significantly.

Interest-Only Mortgage

With this repayment plan, the borrower only pays the interest for the first 5-10 years, which is beneficial because it is usually offers low monthly dues while interest is being paid off. Most homeowners who plan to settle down for a shorter period of time see this as great opportunity to save.

The disadvantages:

– Higher monthly payment might be too expensive after the interest is paid off

– Little to none equity makes refinancing impossible.

– You end up paying more interest compared to a conventional mortgage.

By understanding the repayment terms and by knowing what you will be paying in the coming years, you have the chance to weigh both sides of the coin before deciding which term will work for you. In Houston, sell my house fast is becoming a trend for owners who might have issues with their property.

Yet this only applies to families who are about to buy their house through a financial loan. What if the property is already yours and is now facing a bad repayment plan, one you can no longer afford with your current cashflow? What if their has been an unfortunate incident leaving the bread-winner with a disability? What if even with the housing assistance offered by the government, the property is way below the “underwater” status?

This is where SellAnyHouse.com can help you. In Houston, we buy houses as-is, irregardless of its condition, location, or home value. We always take into consideration the financial difficulties every homeowner is experiencing whenever they choose to sell a house fast in Houston.

Get in touch with the best Houston sell house fast company that prioritizes providing practical housing solution before anything else. We only offer help without asking for a closing or transaction fee. Let us know when you are ready to sell my Houston home fast!

 

By | 2017-03-16T18:28:14+00:00 March 13th, 2017|Sell Your House Fast|0 Comments

Dealing With Disability | The Best Ways To Face Disability

Disability Claims

The Best Ways To Face Disability

In our lifetime, getting injured and becoming ill can happen several times. Work related injuries and illnesses are covered by the company’s health insurance, so one just needs to worry about recuperating and returning healthy again.

According to the Bureau of Labor Statistics, a total of 4,836 workers died from a work-related injury in the U.S. in 2015, the highest since 2008. Nearly 20 percent of fatally-injured workers were employed in the private construction industry.

However, for injuries that are non-work related, the injured person must shoulder all the expenses of getting treated, the in between medication, and the after care. This is where filing for a disability claim will come in.

The Application Process

Houston sell house fastThe Social Security Administration (SSA) handles numerous disability claims each year, the claimants vary from young adults to old age. They provide benefits to people who can’t work because of a medical condition that could last more than a year or may result to death.

Find out who can apply for a claim from the official website of SSA. Here’s a list of qualified claimants:

  1. Are age 18 or older;
  2. Are not currently receiving benefits on your own Social Security record;
  3. Are unable to work because of a medical condition that is expected to last at least 12 months or result in death: and
  4. Have not been denied disability benefits in the last 60 days. If your application was recently denied for medical reasons, the Internet Appeal is a starting point to request a review of the medical determination we made.

And here is what you will be needing when applying for a claim:

  1. Print and review the Adult Disability Checklist. It will help you gather the information you need to complete the application.
  2. Complete the Disability Benefit Application.

Also, here is a list of documents you need to provide along with your application form:

  1. Birth certificate or other proof of birth
  2. Proof of U.S. citizenship or lawful alien status if you were not born in the United States
  3. U.S. military discharge paper(s) if you had military service before 1968
  4. W-2 forms(s) and/or self-employment tax returns for last year
  5. Medical evidence already in your possession. This includes medical records, doctors’ reports, and recent test results
  6. Award letters, pay stubs, settlement agreements or other proof of any temporary or permanent workers’ compensation-type benefits you received

But the SSA isn’t the only body you can run to when in need of a financial assistance due to a non-work related injury. There are other means to get yourself covered when unfortunate incidents occur.

The Disability Insurance

It isn’t just the government that can help you with your disability claims. There private sectors such as insurance companies that provides short-term and long-term coverage. And some companies have a disability insurance for all employees that basically works the same way.

Insurance Assistance Programs

A well-developed insurance assistance program for employees will motivate them to recover faster from their injuries so they can go back to work right away. In this program, some premium benefits are extended to the immediate family of the employee, which then insures security for the entire family.

Some assistance programs include counseling, parenting and information services, child and elder care, and so much more. Your company should invest in an insurance firm that offers more benefits for the employees.

Short-term State Disability Insurance (SDI)

Several states are providing short-term benefits for eligible state workers who are unable to work due to non-work related illness, injury or pregnancy. Some state insurance programs include a paid family leave where workers are given some time off to take care of a sick child, spouse, parent, parent-in-law, or a sibling.

A good example of SDI is the existing California SDI. Read it to find out more.

Dealing With Disability | We Buy Houses With Quick Cash

A Change In Lifestyle

If your injury or illness, or the disability of a member in the family requires a downgrade in your lifestyle, or if your current home is considered a bad neighborhood for the recovery of your health; let Sell Any House take care of the property you need to let go.

We have been with many homeowners in difficult situations who have been questioning “how to sell my house fast in Houston” in which we have taken immediate action to resolve their issues. Our strategic solutions are often patterned to meet the needs of our clients.

We can help you, contact us right away!

By | 2017-03-16T21:06:37+00:00 February 17th, 2017|Disability|0 Comments

4 Ways To Protect Yourself In A Bad Neighborhood

4 Ways To Protect Yourself In A Bad Neighborhood

There are many reasons we end up in an area which might be viewed as a troublesome neighborhood. It could be a limited income that doesn’t give you much room to choose, a recent development in the surrounding area that has attracted unlikely settlers, or going through a bankruptcy.

As there are reasons why one can end up in a bad neighborhood, there are also reasons to remain positive and take the situation in a better light. Staying alert can help you survive living in the area if transferring to a new neighborhood hasn’t crossed your mind, or if it isn’t possible, even if you want to.

When Do You Consider A Community Troublesome?

Houston sell my house fastTell-tale signs of a bad neighborhood could greet you in the open, or they stay hidden in the darkest alleys at night. Here’s a few things you can look out for to decide whether you and your family can still sleep soundly when night falls.

Pubs and Hubs

If you often see drunken stupor in the sidewalk or along the path you always take to reach home or the blinding neon lights and blaring music seeping through a poorly installed soundproof door, then this probably isn’t the best place to raise children.

Garbage Piles

Smelly, leaking, rusty, or old garbage bins invite rodents to feast and breed in them. These pests brings nothing but dirt, germs, and infestation in the nearby homes. If this is a scenario around your neighborhood, then the health risk can be alarming.

Abandoned Buildings

Regardless if it is a building, a house, or a couple of houses; abandoned buildings could mean several things. Either the mortgage is too expensive or local businesses aren’t thriving. Or there could be other serious reasons behind the abandonment.

Sirens

Patrol car sirens screaming too often could only mean criminal activities in the area are rampant. This one isn’t just a case of bad neighbors, it may be a dangerous place to live in.

Will you stay despite proving that it isn’t the idea community to live with your family? If moving out isn’t a choice yet, what can you do to survive this harsh environment?

Staying Comfortable, Safe, and Alert

Just before thinking that the conditions are too drastic and too stressful for you, here’s a list of things you should be mindful about.

Get to Know your Neighbors

By identifying which is which, whom is who; it would be easier to find an ally and create positive relationship with the neighbors. Don’t start out with too much negativity. Give them some consideration.

Build rapport and initiate small talk to the people living near you or the ones you often meet when going to and coming back from work. Be friendly but still mindful of any possible threat.

There is Power in Numbers

In as much as possible and if you can avoid it, try not to walk alone at night, especially in less crowded places. A rise in criminal activity should cause alarm. And you should not present yourself as a possible target for the law breakers.

If you need to walk, walk with a group. Don’t give them the idea that you are a vulnerable target. Stay in the confines of your car or take a cab when you’re alone. Don’t take risks when your safety isn’t fully guaranteed. Stay alert.

Arm and Protect Yourself

We aren’t talking about bringing guns and knives here. This about the little harmless things that can give you protection such as the trusty pepper spray. A dog is a good companion when you’re walking alone and a helpful friend when there is possible danger. No one would want to get bitten by a protective dog.

Investing on an alarm system for your home will ensure your family’s safety. It may be too costly but think about the long term security a high quality alarm system can do for you in this type of community.

Don’t Be Too Suspicious

Believe in the saying that there is good in everybody. Don’t be too suspicious and judgmental, unless there are remarkable, alarming signs. You may end up with more misunderstandings than creating favorable relationships with your neighbors.

Reserve the right to be cautious but don’t over react. Who knows, the community might be a much more livable place despite its flaws if you see potential good in a seemingly bad neighborhood. Read more here.

Sell My House To Leave A Bad Neighborhood

Your Escape Plan

When crime rate is on the rise, shooting incidents have come closer to your doorsteps, and noisy next door neighbors just wouldn’t tone down, prepare an escape plan.

If you wish to move away from a bad neighborhood, Sell Any House might be of great help to you. We cater to all homeowners with a “sell my house in Houston” query. Our fast home buying methods are centered on providing relief and solution to home sellers who just need to escape a nightmarish community.

Let us know whenever you need help, in any neighborhood!

By | 2017-03-16T21:01:59+00:00 February 15th, 2017|Bad Neighborhood|0 Comments