A short sale is possible ANYTIME an owner cannot make payments for FINANCIAL REASONS (Health, etc. included) OR the lender will lose out one way or another and not be able to recoup their money no matter what happens. My company BUYS PROPERTIES, even if there is no equity by negotiating with the lender for a short sale. You may contact me if you would like more details.
Best Wishes,
Will Robles
888.605.9190
will@firstcasasolutions.com - Wed Jul 9 2008, 10:44
If you are still in the home the lender or the new owner if bought at auction will have to evict you. State laws determine the process. I may be able to BUY YOUR PROPERTY even if you are near auction AND owe more than the property is worth. Contact me for details to see how my company could help you by PURCHASING YOUR PROPERTY BEFORE THE AUCTION & FORECLOSURE.
Best Wishes,
Will Robles
888.605.9190
will@firstcasasolutions.com - Wed Jul 9 2008, 10:37
Your HOA could possibly foreclose on your home depending on your state laws and your HOA contract. Since you are missing payments and are heading to foreclosure your lender will most likely foreclose on you first and will have to deal with the missed HOA payments. My company BUYS properties through SHORT SALE. If you are listed with a Realtor and do not have a buyer WE CAN BUY your property. We take over the short sale process and negotiate with your lender(s) even if you home is listed. You may contact me if you would like to get the details.
Best Wishes,
Will Robles
888.605.9190
will@firstcasasolutions.com - Wed Jul 9 2008, 10:31
It is possible. It is called a 'Deed in Lieu of Foreclosure'. Call your bank and ask them what your options are and see if they would except it. If they say you need to sell your house but you cannot either sell it in time, sell it for what's owed or any other reason my company may be able to help you out and BUY YOUR HOUSE. Even if it's in foreclosure, needs repairs, there's no equity or a number or reasons. If you would like to see how we can could help you out by Purchasing your property you can contact me and I'd be more than happy to explain in detail any more questions or concerns.
Regards,
Will Robles
888.605.9190
will@firstcasasolutions.com - Thu Jun 26 2008, 15:26
Invest with us here in TEXAS! Our real estate has a proven track record!
Will Robles
888.605.9190
will@firstcasasolutions.com - Tue Jun 24 2008, 14:50
If you are going to buy a single family of multi-family property not more than 4 units than I would recommend to not buy more than 80% of the property's value unless there is an excellent cash flow (Minimum of $200 after ALL expenses, vacancy factors, etc). In fact I would stick with 70-75% LTV and a better cash flow. It's the norm for investors and this gives you a 'cushion' for the unexpected (believe me it will come, so expect things to go wrong but buying smart will keep you safe!). As far as giving you advise, either partner with someone who's experienced OR do your homework! Homework is to include knowing EXACTLY what you're getting into. Real Estate is an excellent investment, but it is only as good as the person investing. Feel free to contact me about investing and best of luck to you!
Will Robles
888.605.9190
will@firstcasasolutions.com - Thu Jun 12 2008, 18:05
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