Not so long ago people were buying houses at neck-breaking speed. Today, few people qualify for a mortgage loan. There is no doubt the housing market is in a serious slump. Lenders are carrying billions of dollars worth of non-performing loans and bank owned properties. Many homeowners are in serious financial distress; unable to make their house payments and waiting for impending foreclosure.
When I began buying houses, my primary goal was to locate distressed properties below market value. I engaged in house flipping and purchased rental properties. It was rewarding and profitable.
When the mortgage crisis occurred, local realtors began calling me to buy houses from homeowners who were participating in a short sale. This strategy allows homeowners to sell their property for less than is owed on the mortgage.
One realtor offered a deal that was too good to pass up. The homeowner contacted me after the sale and thanked me for giving her back her freedom. She had been experiencing financial difficulties due to divorce. She had two small children and at times, had to decide whether to pay her mortgage payment or put food on the table.
The short sale allowed her to walk away from her house owing nothing. While it blemished her credit history, it was a small price to pay. She was able to find a rental property and reduced her monthly expenses by $800. As she said, that is a lot of money for a single mom.
Her story touched me. While I'm a compassionate guy, I'm a man and men don't express their emotions very often. After our conversation, I realized I could help other people facing life challenges. For that reason, I revamped my investment strategy and began focusing on ways to help others.
Today, I buy houses for cash. Although I miss out on tax advantages, I'd rather help someone who is selling house for cash and needs a quick exit strategy. Everyone comes out a winner - the bank, the seller and me!
I buy houses located in Orange County, California. Don't let that discourage you. I have a network of 2,000 serious investors who are always on the hunt for hot properties.
I'm not some fly-by-night crony with no real estate experience. I invite you to look around this site. Click on the Articles link and peruse our comprehensive article library. Google me. Find out who I am and what I have to offer.
Once I've earned your trust, feel free to submit your real estate via the "We Buy Houses" form. I'll be happy to take a look at what you have and discuss your current situation.
All I ask from you is please do not wait until it's too late. More than half of all foreclosures occur because the homeowner failed to take action. If you are delinquent on your mortgage note, you must call your lender. They might be able to offer a workable solution if you take action now.
If you need to sell your house quick, contact me today. I cannot guarantee I can solve your problems, but I will do my best to help you find a solution. There is no cost to submit property information, so you have nothing to lose. What are you waiting for??
Published on February 25, 2009 at 03:04 AM