We Buy Houses!

One of life’s biggest ironies is that there is more help available for those who don’t need it than those who do. The higher your credit score, the lower your interest rate. If you are doing well and have been able to keep your credit score high and your debt low, you will be rewarded with a lower car payment, for example, due to reduced interest even though you could afford to pay more. The person who might benefit from having a reliable new car for one of those $169-a-month car payments advertised on commercials often drives away with a used car and much higher payments. Of course, those who can qualify for the cars that are $169-a-month, seldom want those and opt for other upscale models they can afford as their interest rate is lower.

As there is no law that forces companies to grant credit, much less at a cheap price, the rest of us have to, first, use what it available for us, and then, plan for the future by improving our credit scores. As mentioned in a recent article, those who seek mortgage help by using a government or lender-sponsored program suffer a credit score blow. Those who file bankruptcy or lose their home to foreclosure are penalized for years. However, any of these things can make for a fresh start.

There are a couple of ways that people in trouble can initiate their own fresh start. Many times people cannot afford to be homeowners, even with mortgage reductions. This is why short sales and even deeds-in-lieu have become a popular way of divesting oneself of a home. If the lender agrees to go with either process, you, as a debtor, can put the mortgage behind you. Assuming that you live more frugally, you can work on paying off your other debt. The downside is that the lender can come after you for the difference.

Express Homebuyers offers a similar but often better option: we buy your home for cash.  Unlike short sales, which often take months to complete, you can have your deal wrapped up within a couple weeks. We even offer you $2,500 upfront so you can use to secure your new dwelling.

Want to get yourself a fresh start? Call Express Homebuyers today at 1-877-804-5252 or visit our website for more details. We can get you started on the way to financial freedom with one phone call.  Make today the day you take charge of your future. We will make you an offer on your first call, provide free reports to help you make your selling decision, and we even offer options to chat with one of our helpful consultants.

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:

1. Admitted they needed help – and done it early.
2. Contacted their lender at the first sign of trouble
3. Resisted the temptation to deplete retirement savings
4. Sold their possessions

This is good advice.

Most people have not faced foreclosure, so have no experience in dealing with it.  Lenders, on the other hand, while not thrilled to hear of borrowers’ problems that will affect their ability to pay, have heard it all.  They are in the business of lending money, not managing property, so they would prefer to work with a delinquent borrower than take back the house.  Notifying the lender at the first sign of trouble, (and certainly by the time the man in the story recounted above lost his job) may have changed the outcome.  Ignoring the bills and not opening the mail doesn’t relieve the problem.

You Can Get Reliable, Honest Help

If you are in this situation and find your lender is not too sympathetic, there are many non-profit organizations set up to help.  Many times, they will deal with your lender.  Of course, not every organization that says it will help homeowners has your best interests at heart, so make sure to find a HUD-approved counselor, not someone you saw advertised on a telephone pole or late night TV.

When people are desperate, they look for any money they can make liquid, including their retirement.  Tempting as it is to tap the 401K, Logan says, distressed homeowners should leave it alone.  Her thinking?  It is easier to get another home than rebuild retirement savings.  Lenders might not be sympathetic to your not paying the back mortgage while you have money sitting in the 401K, but Logan’s advice is thought provoking:  sell off other assets you have, maybe even your possessions.  Or maybe it’s time to unload the house and start over.

The thinking here is clear.  You bought your home for your family (even if your family is just you and your cat.)  It’s more important to keep your family intact than save the home.  As much as you love your house, it’s your family that makes it a home.  If you are in troubled circumstances, choose your family even if it means moving.

Looking for a quick and trouble free solution from a reputable company?  Express Homebuyers can buy your home for cash.  We assess your home’s value in a phone call and make you an offer on the spot.  We will even give you a $2,500 cash advantage to help you move.  Within a couple weeks of accepting our offer, you are free and clear of any obligation to the property.

Wondering how this works?  Check out our Frequently Asked Questions for an overview of program, and then call us at 1-800-SELL-2-US (1-800-735-5287).