PROBLEMS
Although problems may seem overwhelming at times, there is always a solution. Understanding the problem and finding the best solutions is our specialty.
Below we have listed various situations that may require immediate CASH in order to resolve:
Distressed Properties
There are several categories of distressed properties. A distressed property is one that needs to be sold quickly outside of the normal real estate agent listing method. Five types of distressed properties are of interest to us.
1- Foreclosure
Every month there is a routine auction held for the disposal of foreclosed property through the process of a trustee or sheriff sale. In the foreclosure process, the primary lien holder has issued a notice of default and intent to foreclose to the owner of record of the property. As a primary lien holder, once the note is satisfied all additional non-governmental liens are dismissed and the property is transferred to whomever pays the note. Delinquency and default of current mortgages is going up monthly as evidenced by national housing statistics. This method of acquisition offers substantial profit potential, as the properties can often be purchased well below their market value.
2- Pre-Foreclosure
In a pre-foreclosure, a homeowner receives a Notice of Default, perhaps after missing several mortgage payments. In some instances, the homowner is able to catch up with the back payments and to continue to own their property. There are several approaches to obtaining a pre-foreclosure property. They include but are not limited to owner negotiation, short sale, and mortgage "catch-up" coupled with a buy/sell agreement. The basic premise is that in an effort to avoid the damaging effects of foreclosure on the homeowner's personal financial credit, a negotiation out is a viable exit strategy. The owner sells the home for what is owed on the note and is given a dollar amount for relocation plus a portion of their equity. Pre-foreclosure offers a very clean transition of ownership with very little risk, as inspections may be conducted before closing. This method of acquisition does carry a viable profit margin as the home typically is purchased at a substantial discount to market.
3- Bank Real Estate Owned (REO)
US bank charters require a certain amount of solvency to be maintained in an effort not to weigh a banks liability too heavily in one area. The loss-mitigation division of a bank is motivated to move non-performing assets out of the bank. During foreclosure if there are no buyers of the property, the property reverts to the bank and is offered for sale through their REO division. Many banks will negotiate down the payoff (a short sale) in an effort to move the asset, allowing profitability for the investor due to purchasing at a discount to market value. This process again allows for clean transfer with limited risk as inspection of the property can be conducted prior to purchase.
4- Abandoned Properties
An abandoned property is one where the owner is no longer present. Such property owners may be behind on mortgage payments or tax payments, or the properties may need renovation in order to rent or to sell. If the owner can not afford to fix up the property, he or she may be willing to offer it to a cash buyer at a significant discount off of After Repair Value (ARV).
5- Ugly Houses
An ugly house is one in need of serious rehab work. We can buy these properties for cash, get them in market-value condition, and either resell the home or put in a tenant buyer using a lease purchase option.
Rehab Properties
Quick Cash - No Games is in the market to acquire qualified rehab properties or to make investments in existing rehab projects. The typical rehab property is a residential property in sound structural condition that needs significant cosmetic work to offer it in "move-in-condition" to a prospective home buyer.
For Sale By Owner
Many homeowners feel that they can sell a home on their own, thus saving the broker's commission. While this can be done successfully, there is more to it than meets the eye. Real Estate agents at the major agencies are trained to prepare a property for showing, and know how to advertise effectively. The average "for sale by owner" or "fsbo" as they are called, will put out a couple classified ads, and perhaps list the property on a few internet sites, then hope for the best. The sad fact is, either they end up lowering the price far below what they would have paid in agent fees, or end up listing the property with an agent anyway, after spending a few hundred dollars of their own advertising expenses. Request your FREE report on "How to SELL your home in 2 weeks". Contact us for a free copy!
Mortgage Notes - Trust Deeds - Land Contracts
Right now, thousands of people across North America are stuck with investments that they don't want. They would rather have the cash now! Whether it's a real estate note created when selling a property, a business note created when selling a business or even a structured settlement, there are thousands of notes out there that could be turned into cash!
NO MATTER WHAT SITUATION YOU MAY FIND YOURSELF IN, WE CAN HELP!
Consultations are ALWAYS FREE! Don't hesitate, CONTACT US NOW!
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