Express Homebuyers Blog - Secrets to Selling Your Home Fast, curation of blog posts that talks about foreclosure and how to avoid and deal with it.
Whether you’re selling your house because its a “sellers market” or because you’re facing financial hardship and want to avoid foreclosure, we have some good news for you. You don’t need a good credit score to sell your house. Your credit score only matters when you’re trying to take a loan (mortgage) to buy a […]
A short sale in real estate is when a homeowner sells their house for less money than they owe on their mortgage. Short sales normally occur when the person is in financial trouble or their home is considered “underwater,” meaning the home value is dropping. And this happens more often than you’d think. So don’t […]
A Homeowner’s Association Lien (HOA) lien is a legal claim on your property due to unpaid HOA dues or HOA bylaw violations. Like other property liens, once an HOA lien is placed on your property you will run into issues if you try to sell your home. And in the worst case scenario, an HOA […]
If you don’t have the money to make your mortgage payments, mortgage forbearance may be the solution you’re looking for. Mortgage forbearance is when your lender agrees to let you make smaller payments or hold off on making monthly payments for a specific amount of time because of unforeseen circumstances or financial issues. Although interest […]
A zombie property is a property abandoned by its owner after receiving a notice of default from their lender. It is called a zombie property, because the homeowner mistakenly believes that they need to leave the property and stop maintaining it. These properties get the name zombie because many zombie properties are decayed, rotting on […]
An REO foreclosure, also known as a real estate owned foreclosure, is when a house is foreclosed on by the lender, and the lender takes ownership of the title. Sounds a lot like a regular foreclosure doesn’t it? The biggest difference with an REO foreclosure is that the lender, normally a bank, will keep the […]
A sale-leaseback, also known as a leaseback agreement, is a financial agreement that allows a homeowner to sell their property to someone else and then lease it back from the new owner. A leaseback agreement is a smart idea when you need to free up some cash while still getting to use and live in […]
A deed in lieu of foreclosure is an agreement between you and your lender where you give ownership of your property (the deed and title) to your lender so that you can avoid going into a full foreclosure. A full foreclosure will wreak havoc on your credit score, and agreeing to do a deed in […]