I Buy Houses
As a private investor I buy houses on a regular basis. On average, I view around 100 houses per month. Every day, I hear incredible stories of the life struggles people are facing. Many of the homeowners are facing foreclosure or bankruptcy. Others are going through a divorce or have recently lost their spouse due to illness or accident. Some need to sell their house because they have lost their job.
When I entered the "I buy houses" arena, my primary goal was to make money. I didn't realize that buying houses would ultimately offer distressed homeowners the opportunity to make a fresh start. While making money is fun, helping people out of bad situations is even better!
If you are facing financial hardships and need to sell your house quick, take a moment to submit information about your house via the "We Buy Houses" form. I am currently buying houses in southern California. However, I have a group of investors nationwide who are always interested in great real estate deals.
One thing I have noticed when viewing distressed properties is that most people procrastinate about selling their home until it's too late. Believe it or not, more than half of all foreclosures occur because the homeowner did not take action.
There is a common misconception that once a lender initiates foreclosure the only thing that can be done to stop the process is to file bankruptcy. While it is true bankruptcy can temporarily stop foreclosure, it is merely a band-aid fix.
People often fail to realize that in order to save their home they must file for Chapter 13 bankruptcy protection. This chapter requires debtors to develop a repayment plan. In addition to normal monthly expenses, debtors must also contribute a large percentage of their disposable income toward the repayment plan.
If the debtor misses a payment they can fail out of bankruptcy. When this occurs, creditors can submit a request to the court seeking dismissal. The bankruptcy judge can either require the debtor to file for Chapter 7 or dismiss the bankruptcy.
Chapter 7 is also known as "liquidation bankruptcy" and requires debtors to sell their assets to repay outstanding debts. With Chapter 7, homeowners are required to sell their house and all other non-exempt assets.
If the judge dismisses the case, the debtor loses all protection from the bankruptcy court and creditors can move forward with collection actions. If the debtor was facing foreclosure when they filed, the bank can commence with foreclosure at the point where they left off. I have known people who failed out of bankruptcy and lost their home within a week. I don't want to see this happen to you!
I specialize in connecting buyers and sellers. I've worked with people facing all kinds of life challenges and understand the stress associated with foreclosure, bankruptcy and divorce. I will be happy to review your property and submit it to my network of real estate investors.
Don't delay. If you need to sell your house quick, simply fill out the questions on the "We Buy Houses" form and I will contact you within 48 hours.
Published on February 27, 2009 at 03:31 AM
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