We Buy Houses!

The worst thing about being in a position like impending foreclosure is that you are pushed to your limit.  Even in an economy where foreclosure is common, it is hard not to feel angry, frustrated, and depressed, overlaid with a sense of failure when you can’t pay for your home and then see it taken from you. It is even more debilitating to read in the paper that banks don’t even want your home and are currently burdened with a large inventory of foreclosed properties.  If you’re in this situation, you might feel tempted to lash out at the world – at the bank, your spouse, your kids, even your house.

Silver Lining?

Although you have a lot of yourself tied up in your home, this situation affords an opportunity to reevaluate your priorities. When it comes right down to it, is a building worth all the aggravation it is causing you and your family?  Is it worth risking your family for?

Sometimes people hate to let go of things because they don’t think that same chance will ever come their way again.  With a home, that is definitely not true.  Depending on how the situation plays out, you will be able to buy a home within three years (maximum) if you take the time to rebuild your finances.

You may have heard that going to a housing counselor is what you need to do when you’re in trouble.  The purpose is finding a HUD-approved counselor is partly to explore ways to save the home, but these people can also lead you to resources to help you rebuild your credit, find rental housing, and maybe even find a job, if that that is part of the reason your finances have become unglued.  Not every solution to your financial problems will result in your keeping your home, but there are solutions that will help you overcome your current circumstances with dignity and assure a better tomorrow.

Sell Your House, Fast.

One solution you may not know about is selling your home for cash. Admittedly only one of many options, but it is a great way to sell your house fast.  There are some scammers out there who promise to do this, but a legitimate company that can alleviate your obligations by purchasing your home could be a way out for you without having to suffer some of the more drastic consequences.

Express Homebuyers has been buying properties from distressed homeowners in the Washington, DC metropolitan area since 2003.  We are accredited by the Better Business Bureau (BBB) and Members of the Who’s Who Register. Only companies that adhere to the highest standards for ethical business practices can be affiliated with organizations like these. Check us out at the Better Business Bureau.

Regardless of whether you are late a few payments, have no equity, or need a lot of repairs, we can help you.  Wondering how this works?  Check out our Frequently Asked Questions for an overview of program, then call us today at 1-(877) 907-3232 and get your life back.

Loan modification is a good first step for homeowners in financial trouble who want to keep their homes.  In the housing boom from 2004-2006, many people bought homes they could afford at the time with creative mortgages that offered low introductory rates or were adjustable every few years. When the rates were reset, the mortgage payments made the home unaffordable.  When the housing market tanked and sent housing prices spiraling downward, the homes became worth much less than the amount of the mortgage.  This limited the ability of many people to refinance.

Homeowners with the ability to pay the mortgage they agreed to when they got the loan are one intended audience for the Making Home Affordable plan set in place by President Obama in February, 2009.  Borrowers with Fannie Mae or Freddie Mac-backed loans held by participating lenders can qualify for loan modifications that hold payments to 31% of incomes.

How the President’s Plan Works

For someone whose payment has risen to 45% of their income, the lender must absorb the loss to reduce the payment to 38%; the government will pay the difference between 38% and 31%. To reach this goal, the interest rate can be reduced to as low as 2% for five years.  Participants are encouraged to work with HUD counselors to assess their housing situation.  The program is free.

Lenders receive incentives when they successfully complete a loan modification, but lenders are so understaffed in their departments that they are slow to respond to eligible homeowners.  At this point 360,165 trial modifications have been started and 571,354  offers made; this represents about 12% of the 3-4 million eligible homeowners expected to be helped. In July, President Obama chided the lenders and asked them to increase hiring to assure that at least 500,000 trial modification are in place by November, 2009.

The original plan was limited to mortgages that were 105% of the value of the home; but this was increased to 125% in July.   In hard hit areas of the country like Nevada, California, and Florida, where percentages of “underwater” mortgages are high, many are disqualified from participating in the program. Critics allege that, because the program does not mandate principle reduction and because lenders have been slow to respond, the program will fall short of its goal of how many people it will help.  The President admonished lenders and loan servicers to increase hiring to assure that 500,000 modifications are in progress by November, 2009.

Loan Modification Won’t Work for Some

Unfortunately, during the housing boom, some homeowners bought homes that are too expensive for them, perhaps by overstating their incomes.  Lured by easy credit terms during the housing boom, these homeowners now find themselves in homes too expensive to heat, maintain, and insure, as well as pay for.  Others have  lost their jobs in this period of high unemployment and may not be able to predict when they will be working again or if their salaries will remain the same.

A loan modification, especially one that doesn’t significantly reduce the payment, can only prolong the agony of foreclosure in these cases.   For people in this condition, as well as for people who don’t want to keep the home, there are better alternatives than loan modification to prevent foreclosure.

Express Home Buyers offers one solution to people who aren’t candidates for loan modification but feel trapped with a high mortgage.  We will buy your home fast – most sales close within two weeks of your accepting our offer.  Since we buy the home directly from you, you do not have to list your home with a real estate agent or deal with banks or lawyer to negotiate a settlement for you.  We even offer you a $2,500 cash advance to help you move to new housing.

We buy homes in Baltimore and Southern Maryland; the Metro DC area; and Hampton Roads, Richmond, and Northern Virginia. Learn more about “The Express Homebuyers Advantage” and make the call to sell your home quick!

When your dear Uncle Max died, you were beset with grief.  You were glad to have his favorite jacket to remember him by, but not so excited to learn he had also left you his ramshackle home across town.  You don’t want the home, can’t afford to put out the capital to fix it up for sale, and don’t really want the hassle of selling it.  So what can you do with the home?

Express Homebuyers is in the business of buying inherited homes, as well as homes that must be sold to settle an estate.  Within about a week, you could have cash in hand with no further responsibilities for the home.  We even offer you a $2,500 advance payment that can help tide you over until the settlement is complete.

How does the process work?

• First, you start the ball rolling with a toll free phone call to our Springfield, Virginia office.  You answer a few questions and we make you an offer on the spot.  Wondering how we can do that?  We actually do the research and market analysis while you are on the phone.  Wondering if there is a fee for our services?  Be assured that there is no fee even if you do not accept our offer or reconsider whether you want to sell.
• Once you accept our offer, we visit the property to inspect it.  If everything checks out, we will present a written offer package to you.  During our visit, we can answer any questions you might have and give you a timeline for how things will proceed.  We want you to feel confident that we are doing our best for you.
• Throughout the process, our Home Buying Specialists are available 24/7 to answer your questions, and one will be assigned to you.  We welcome your visit to our Springfield headquarters.
• Once we have a signed sales agreement from you, we close in seven days or less.  We take care of all the paperwork, without your having to deal with any lawyers.
• Within a day or two of settlement, you have the balance of your money.  Again, we will not deduct any fees from your settlement.  You get what we promised, less the $2,500 advance.

Deal with a Reliable Company

We are aware that when you are dealing with grief, you are prey to unscrupulous companies who get you to sign over your home but do not follow through with their promise to pay.   We operate under one name and clearly define where our offices are located.  Express Homebuyers is a member of the Better Business Bureau and has over 650 satisfied customers in Washington, DC, Maryland, and Virginia over the past five years.

We spell out our timeline for buying your home very clearly and communicate with you frequently from the time we answer our phone to the time we call you to say your check is on the way. You can read for yourself what sets Express Homebuyers apart from companies that promise to buy your home in our report Learning How to Differentiate Reliable Buyers From Scammers.

Get Your Fresh Start Now

When Uncle Max left you his home, he wanted to do a nice thing, not burden you down with obligations you aren’t in a position to handle.  We want to help get the money from your inheritance that Uncle Max wanted you to have, or put you in a position to settle his estate.  If you have inherited property to sell – be it a single or multifamily dwelling, a town house, condominium, apartment, or plot of land call us at 1-(877) 907-3232.  Check out our website where you can even chat online to learn how to sell your home fast.