Tag Archives: Take

Washington Home Options Offers 5 Methods to Take If You are Behind on Your Mortgage Tips Incorporate Doing a Short Sale to Keep away from Foreclosure

Posted on by

Seattle, WA (PRWEB) April 09, 2013

Monetary setbacks like the loss of a job or huge health-related bills can make it difficult to make ends meet. If a homeowner finds themselves behind on their mortgage payments, it assists to be proactive. Be conscious that federal and neighborhood agencies, even banks, are functioning to assist these who are behind on their mortgages with alternatives, such as a brief sale, to stay away from foreclosure.

&#13

Washington Home Options, a short sale negotiating firm, delivers 5 steps to take if you are behind on your mortgage.

&#13

1) Get in touch with your lender as soon as achievable.

&#13

“If you are behind on your mortgage payments, the sooner you speak to your lender, the far more choices you will have, ” explained Richard Eastern, CEO of Washington House Options. “Some homeowners postpone communicating with their lender for so long that foreclosure becomes the only selection.”

&#13

two) Talk to a housing counselor.

&#13

The U.S. Department of Housing and Urban Improvement (HUD) has a list of authorized nonprofit housing counselors who will offer free counseling to home owners who are behind on their mortgages. Counselors will go more than options with you and recommend subsequent actions. Contact HUD at 888-995-4673 to find a counselor in your location.

&#13

three) See if you can reduce your mortgage payment.

&#13

You may possibly be able to refinance or do a loan modification to make your month-to-month payment a lot more affordable. There are a quantity of applications accessible depending on your situations. A HUD housing counselor or your lender can help you discover your possibilities.

&#13

four) Discover out if you qualify for a quick sale.

&#13

A short sale is an option to foreclosure when a homeowner wants to sell and can no longer afford to make mortgage payments. The lender agrees to accept less than the amount owed to spend off a loan, rather than going forward with a lengthy and pricey foreclosure procedure.

&#13

Even though every property owners situation is unique, the basic criteria for qualifying for a quick sale are:

&#13

You need to have to sell your residence.&#13

You owe more on your mortgage than your residence is worth.&#13

You have a private financial hardship that will avoid you from creating future payments. (Examples of hardship contain loss of job, divorce, death of a spouse and healthcare emergency or illness.)

&#13

“In most instances, a quick sale makes much more sense than foreclosure, ” said Eastern. “When you want to obtain a loan to obtain a property in the future, far more opportunities will be available to you if you do a brief sale.” Discover out much more about how short sales function.

&#13

five) See if you qualify for cash incentives tied to a quick sale.

&#13

Numerous applications offer you money incentives to property owners to do a brief sale in order to stay away from foreclosure.

&#13

The federal government’s Residence Reasonably priced Foreclosure Alternatives(HAFA) system might supply $ 3,000 in relocation help to property owners who do quick sales.

&#13

Lenders, like Chase and Bank of America, have paid substantial cash incentives to encourage sellers to do a brief sale and stay away from foreclosure. Eastern has brief sale clients who have received incentives from their lender at closing in amounts that variety up to $ 35,000. The checks are provided for relocation help and can be used even so the homeowner sees match. There are no restrictions.

&#13

Its critical to note that the seller incentive is determined by the investor, so not every single lender is paying incentives. However, if you are taking into consideration a quick sale, its a very good time to locate out if you qualify.

&#13

About Washington Home Options&#13

Washington Home Options is a brief sale negotiating firm primarily based in Bellevue, Washington. Founded in 2003, the firm has helped brokers and home owners successfully negotiate over 900 brief sales with a 90% accomplishment rate in closing. Washington House Options also consults with home owners on qualification for the Home Cost-effective Foreclosure Alternatives (HAFA) process and the Washington State Mortgage Foreclosure Fairness Act (FFA). Washington House Solutions negotiators are licensed Windermere Actual Estate brokers.

&#13

For more information, go to http://www.washortsales.com

&#13
&#13
&#13
&#13
&#13

Florida Brokerage Firm Offers to Take Trade Ins on Rental Homes, Even Supplies Trade Ins

Posted on by

Dunedin, FL (PRWEB) April 18, 2013

Advanced Realty Team, Inc. yesterday introduced the Home Trade in Program to increase savings on their various rental programs. And, they will even supply the Trade-In Home.

Home Trade In closely follows another rental enhancement plan called Rent One-Get One. In Rent On-Get One, Advanced began giving away a stylized, made-in-China ceramic home with every new rental.

The Dunedin, FL-based real estate brokerage-investment boutique has been buying houses fast in Tampa Bay for two decades and now offers some of those homes as rentals in several different programs.

“We were pretty clear at the start that Rent One was not really offering more value, but was a promotion to show how big our values were and how small the price, said George Beardsley, Broker-President of Advanced.

So we started getting comments like, its cute, but what am I going to do with a ceramic house? Ive got enough junk already!

To add value to the Home Trade In Program, Advanced responded by offering to buy the Free Home back immediately for a $ 50 a month discount on the rental and a $ 100 reduction in the move in money.

Advanced buys houses fast and as is in almost any condition in the Tampa Bay area and turns them into affordable housing. Beardsley holds the United States Patent and Trade Mark Office registration for the Famous Rent to Own on Steroids Program which takes all money paid in the entire first year and turns it into down payment.

The tenant-buyer can earn a mortgage by making 12 consecutive payments on time and maintaining the home as though she owns it already. Credit score does not matter.

A newer program is the Famous Foreclosure Rentals where the home is in or about to be in foreclosure and is rented at a discount price to make up for the inconvenience of getting papers delivered by the bank. In all cases the landlord has secured the services of a board certified attorney to represent them in the process of getting a mortgage modification on the loan.

Advanced started the Foreclosure Rental Program after the number of homes in foreclosure surged and will now buy homes in foreclosure and underwater for cash.

In addition, Advanced offers one-stop shopping and will buy a house, list it on the MLS for $ 295 or enter advertisements on the Internet to help a home owner who needs to sell a house fast as a complimentary service.

To be clear, we will place an ad for no charge, but selling a home is never without cost, Beardsley said. There are closing costs of various sorts, he said.

However, if we buy a seller’s house we will pay all closing costs and for people who deal with us directly there is no commission even though I am a real estate broker, he said.

He also pointed out that the $ 295 for a listing will not be the only expense.

In order to sell your house that is listed in the MLS you must offer compensation to the real estate agent or broker who brings the buyer to your home, handles the details and arrives at the sale of your house. He said. So in addition to the $ 295 the homeowner must also offer a commission to the real estate professional. We recommend three to five per cent to the person who provides a buyer. For a $ 100,000 sale that would be $ 3,000 to $ 5,000.

But again, he said, with us, home owners sell fast with no commission and no closing cost.

Advanced was founded by two stock brokers who had a bad experience in their efforts to sell a home in Boca Raton which was a mile away from the site of a proposed garbage burning incinerator.

In that case, they eventually sold the home with owner financing and the results turned out so well they decided to leave stock brokerage for real estate using creative financing ideas.

Some of the methods they have learned allow them to buy houses today for retail value and close quickly.

We have been buying houses fast for two decades in the Tampa Bay area and I am almost positive what the next development will be, Beardsley said. Someone will want to know if they can get the $ 50 a month discount and keep the ceramic house because it is so cute, he said.

Well, it is negotiable, he said.







More Loan Modification Services Press Releases