With over 50% of American marriages ending in divorce, many Washington DC residents are searching for advice on selling a home during a divorce. A home, one of the most valuable joint assets, cannot be divided without first liquidating. While divorce is an extremely stressful and emotional life changing event, it is important to remain rational. There are several factors to consider when facing divorce in a real estate market that has yet to rebound from the housing bubble burst. Determine if (and when) You Will Be Selling Your Home During A Divorce in Washington DC A spouse may decide to keep the home, buying out the other spouse’s share. Or agreements may be made allowing a spouse to use the house for a set period of time (this is usually the case when children are in the home), and then the house will be put up for sale at a certain date (typically when the children reach a certain age). Get Professional Help – Agents and Home Buyers / Investors Selling a home can be a long and difficult process. During a divorce, with emotions, a million different things going on, and a lot to consider, selling your house shouldn’t be one of the things you have to take on by yourself. Disagreements over selling price or other issues, can add to the already stressful situation. By partnering with a real estate profession, either a reputable agent or real estate investment firm, you’ll have a neutral party who can help you determine…
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We Buy Houses in Baltimore – but What Kinds of Houses?
Considering the current state of the economy, specifically the Baltimore housing market, it’s no wonder that selling one’s home for cash seems to be a practical decision. You won’t have to wait for months before your house is sold; you’ll get immediate compensation; and you won’t have to worry about paying commissions which means more money in your pocket. We Buy Houses in Baltimore Do you need to Sell Your Baltimore Home Fast? Express Homebuyers is the DC/Baltimore Metro’s largest local company that buys houses fast. We are Better Business Bureau and have helped 1,500+ families, since 2003, by buying their house in 7 days. We buy houses in Baltimore and most of the surrounding Counties. If you need to sell your Baltimore house fast call us at for an offer in 7 minutes to sell your house in 7 days. This desire for convenience – while still being offered a reasonable rate – is probably why more and more local homeowners are turning to cash home buyers. So if you’re intrigued by ads that state “We Buy Houses in Baltimore for Cash… and Fast!”, you should know that the following properties are great candidates for quick cash sales: Houses Threatened by Baltimore Foreclosure The foreclosure process can be stressful and complicated. Hence, when this threat looms over a homeowner, he or she might want to sell the house in a hurry for a fair price. If you’re falling behind on your mortgage fees and lenders are starting to knock…
Understanding the HUD-1 Statement When Selling a Home Fast
The moment you decide to work with firms that make announcements like “We Buy Houses in Baltimore MD” and find the best one to work with, you’ll have to go through the home-selling journey that usually culminates during the settlement process. Although you’ll have to read and sign several documents to transfer your property to the buyer, one of the most important pieces in the paperwork is the HUD-1 settlement statement.
A TV Story Brought Home
Did you see the Dr. Phil Show the other day? A guest recalled how devastated she was to find the sheriff on her front steps, with an eviction order in hand. Her home had been foreclosed after months of notices and legal actions. All this time, her husband had hidden the mail from her that warned how dire the situation was. She knew the finances were bad as her husband had lost his job and both of them had hocked their rings to prevent their car from being repossessed, but she never realized how grave things were. Now, she and their kids live with her parents, in view of the foreclosed family home. He sleeps on his mother’s couch and is trying to repair his fractured marriage. The saddest thing is in this situation is that the husband’s denial and deception turned a financial difficulty into a financial nightmare for the whole family. The family may not have been able to keep the home, but failure to confront the problem closed the door to any alternative. (For the full story, see Is Charlie ready to deal with reality?) According to investment broker Marilyn Logan, these unhappy former homeowners could have altered the course of events by following a few simple rules: Admitted they needed help – and done it early. Contacted their lender at the first sign of trouble Resisted the temptation to deplete retirement savings Sold their possessions This is good advice. Most people have not faced foreclosure, so…
Cutting Down on Clutter
Where Did All This Stuff Come From…? Whether or not you’re planning to sell your house any time soon, it never hurts to get things in order. Even the tidiest homeowners are amazed by how quickly houses can become inundated by the clutter and items they accumulate. Here are some easy tips toward consistently maintaining order and balance in your home, and ensuring that come sale time you don’t find yourself waging the war against disorder for the first time. You Need Discipline and a Game Plan Instead of dabbling and making gradual improvements here and there throughout the home, focus your efforts on one room at a time. Don’t move onto another room until the task at hand has been thoroughly completed. Force yourself to stay disciplined, and adopt the “in and out” approach. For every new item you add to a room, remove an older one. If you have kids, make the cleaning process fun for them (yes, it is possible). Whether it’s by giving them incentives to keep their rooms tidy and their personal belongings out of public spaces, or showing them how rewarding the result can be give them a tangible reason(reward, privilege, bribe) to observe these rules even when they haven’t been reminded to. Have a vision of what the room SHOULD look like before you tackle it. Use hangers to sort the clothes you wear the most from the ones you break out only on special occasions. Needless to say, garments that are out…
Understanding Short Sales
You’ve probably been hearing a lot about short sales in the past few months- chances are you know someone who’s been through the process. And if you’ve been hit as hard by the current recession as many have been and have a home you’re having trouble affording, you may be considering a short sale as a viable option. What’s a Short Sale? Let’s assume you understand the basics of the concept, and are familiar with the broad strokes: basically, a short sale is what occurs when a lender agrees to accept less than the amount owed against a home because there is no longer enough equity to sell and pay all costs of sale. Put simply, if your payments are in arrears and it’s looking more and more like the lender won’t be able to recoup the full cost of the home, a short sale may be their best way of their getting something rather than nothing. It Isn’t Perfect, But… There’s no question that a short sale is far from an ideal outcome for anyone who owns a home. If you find yourself in dire straits with either foreclosure or a short sale looming as your only two options, which do you choose? Consider which does more damage to your credit? Opinions on this topic vary, but the bottom line is, they both do a lot of harm. Foreclosure typically knocks between 200 and 300 points off your score, while short sales have been known to trim your credit…