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March 07, 2009
Are you wondering, "Is anybody going to buy my house?" If so, you can join the ranks of the worried homeowners association. Although it probably won't make you feel any better, you aren't alone in your quest to find a qualified buyer. Nearly everyone is feeling the pinch of the downturned economy and nearly crippled real estate market.
Buy my house is the chant of the day. Over the past few months I have seen sellers carrying "buy my house" signs to attract the attention of bus tour home buyers. Buy my house signs are posted throughout every neighborhood and busy intersection.
February 21, 2009
Today, "We Buy Houses" signs dot the horizons of communities across the nation. The majority of these signs belong to private real estate investors or investment groups looking for cheap houses and distressed properties.
At Simon Volkov, we buy houses that are average or above average. Why? Because there are few resources available for homeowners with houses priced $300,000 above median or who carry mortgage notes higher than $500,000. There are a significant number of people who bought overpriced houses using subprime loans. Today, these people are facing foreclosure because their mortgage payment went up and their property value went down