Chris Buys Houses Fast in VA » Sell House Fast Richmond, We Buy Houses Cash, Avoid and Stop Foreclosure in Richmond and throughout Virginia

Save Your House From Foreclosure

admin — Wed, 05 Nov 2008 13:03:30 +0000

The Richmond Times Dispatch reported in “Federal mortgage plan may benefit you, with debt reductions for many, someone will have to absorb loss in values”

The federal government’s Hope for Homeowners plan started Oct. 1, and a “proactive home-retention program” for some Countrywide customers will begin by December.

Both initiatives promise to help qualified homeowners avoid foreclosure by giving them lower monthly house payments.

About 8,000 borrowers in Virginia who took out risky mortgages through Countrywide will be eligible for cheaper loans. . . . .

“The [Hope for Homeowners] program is a compassionate means to assist those homeowners who under other circumstances might be able to refinance out of their excessive housing debt,” said David Downs, director of the Kornblau Institute of real estate at Virginia Commonwealth University.

“Unfortunately, this program is not a win-win for all parties,” Downs said. “One aspect of the program involves a reduction in the outstanding debt for the consumer. Someone, and it could be your pension plan as an investor, is going to lose that value.”

Here is how the program will work according the the article:

If a lender can be persuaded to participate in Hope for Homeowners, here’s how it would work: The lender would forgive all the debt over 90 percent of the home’s currently appraised value, and allow the homeowner to refinance with an FHA-insured mortgage.

Borrowers who take advantage of Hope for Homeowners will have to share their house price appreciation with the government when they refinance the loan or sell the house.

Depending on how long they have the loan, they will have to give the government as little as half and as much as all of the gain in the home’s value.

To qualify:

The program is only available to owner occupants and will offer 30-year fixed rate mortgages. Other criteria the borrower must meet include:

The home is their primary residence, and they have no ownership interest in any other residential property, such as second homes.

Their existing mortgage was originated on or before January 1, 2008, and they have made at least six payments.

They are not able to pay their existing mortgage without help.

As of March 2008, their total monthly mortgage payments due were more than 31 percent of their gross monthly income.

They certify they have not been convicted of fraud in the past 10 years, intentionally defaulted on debts, and did not knowingly or willingly provide material false information to obtain their existing mortgage(s).

This is an option for you to help you save your house from foreclosure in Richmond VA. In fact, you should try it first. It is one of your many options to avoid foreclosure in Virginia.

If you find that you cannot save your house through this loan modification, give us a call at 804/915-9475. We are professional home buyers and we might be able to buy your house. We will not buy it and lease the house back to you. That is not allowed in VA.

If you don’t want to call, simply fill out this form and we’ll attempt to help you sell your house fast.

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10 Tips to Avoid Foreclosure

admin — Tue, 19 Aug 2008 22:05:12 +0000

How can I Avoid Foreclosure?

Are you having trouble keeping up with your mortgage payments?

Have you received a notice from your lender asking you to contact them?

The Department of Housing and Urban Development, or HUD, has 10 tips you can follow to avoid losing your house:

Don’t ignore the problem: The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.
Contact your lender as soon as you realize that you have a problem: Lenders do not want your house. They have options to help borrowers through difficult financial times.
Open and respond to all mail from your lender: Your failure to open the mail will not be an excuse in foreclosure court.
Know your mortgage rights: Find your loan documents and read them so you know what your lender may do if you can’t make your payments. Learn about the foreclosure laws in your state.
Understand foreclosure prevention options: Valuable information about foreclosure prevention options can be found on the Internet at http://www.hud.gov.
Contact a HUD-approved housing counselor: The U.S. Department of Housing and Urban Development funds free or low-cost housing counseling nationwide. Find a HUD-approved housing counselor near by calling 800-569-4287.
Prioritize your spending: After health care, keeping your house should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payment. Look for optional expenses — cable TV, memberships, entertainment — that you can eliminate. Delay payments on credit cards and other “unsecured” debt until you have paid your mortgage.
Use your assets: Do you have assets — a second car, jewelry, a whole life insurance policy — that you can sell for cash to help reinstate your loan? Can anyone in your household get an extra job to bring in additional income? Even if these efforts don’t significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices to keep your home.
Avoid foreclosure prevention companies: You don’t need to pay fees for foreclosure prevention help — use that money to pay the mortgage instead. Many for-profit companies will contact you promising to negotiate with your lender. They will charge you a fee (often two or three month’s mortgage payment) for information and services your lender or a HUD-approved housing counselor will provide free if you contact them.
Don’t lose your house to foreclosure recovery scams: If any firm claims it can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may well be signing over the title to your property and becoming a renter in your own home. Never sign a legal document without reading and understanding all the terms and getting professional advice from an attorney, a trusted real estate professional, or a HUD-approved housing counselor.

Source: Department of Housing and Urban Development

How WE help you Avoid Foreclosure.

We have a variety of different means. We do not charge you any fees (see #9) before trying to help you. We are not a foreclosure prevention company. We buy houses .

If you wish to sell your home, we have different ways of purchasing it. No closing costs or fees to you. We use attorneys as a form of giving you protection, and to make sure that we do our business right.

See our Avoid Foreclosure section, or Get our offer Within 24 hours. Don’t want to fill out a form? call us at 804/915-9475.

Get Foreclosure Help in Virginia

admin — Fri, 13 Jun 2008 03:14:27 +0000

I spoke with one seller today who was hoping he could refinance to avoid foreclosure. In today’s current lending environment, that is next to near impossible, particularly with down payment requirements. In his case, still being in bankruptcy didn’t help matters either.

The Foreclosure process in the state of Virginia is brutally quick, and the late charges, back interest, and attorney fees will not stop. With loss mitigation specialists failing to get things done in a timely fashion, short sales are becoming difficult.

Every day you delay action will cost you hundreds, if not thousands of dollars.

I can’t stress enough: Act now!

Here are some options that we might be able to provide for you.

Do you want to continue to own your own home, but are behind on payments? Download forms and submit it right away via fax. This is good for anywhere in the US. We might be able to help reset your loan without modifying it.
Do you want to Sell your house fast? We can make offers anywhere in the state of VA. Simply contact us at 804/915-9475.
Not sure? Read our sections on Avoid Foreclosure, Stop my foreclosure!

We have been in business helping homeowners solve their foreclosure problems since 2003. We can help. We are members in good standing with the Richmond Real Estate Investors Association.

Avoid foreclosure in Roanoke

admin — Fri, 13 Jun 2008 01:35:35 +0000

Foreclosure is not something that is exclusive to Richmond. It affects all areas of the state. The state government has organized as task force to help educate homeowners as to their options.

From 6/12/08 article at Roanoke.com

For some former homeowners in the Roanoke region, it will be too late.
For others who stand on the precipice of losing their homes to foreclosure or are already in foreclosure, a state task force wants to help.
In the first quarter of 2008, in the Roanoke Metropolitan Statistical Area, there were 58 foreclosures — a whopping increase of 480 percent from the same period in 2007.
On Saturday (June 14), the Virginia Foreclosure Prevention Task Force will be in Roanoke to offer free mortgage clinics. Each 60-minute clinic will include general information about preventing foreclosure.

Help with home – Roanoke.com

Here is how we can help

Do you want to continue to own your own home? We have a program that will let you do that if you are behind in mortgage payments. Download forms and submit it right away.
Do you want to Sell your house fast? We can make offers anywhere in the state of VA. Simply contact us at 804/915-9475.
Not sure? Read our sections on Avoid Foreclosure, Stop my foreclosure!

Read about Process in Virginia.

You can Avoid Foreclosure no matter where in the state of Virginia you are.

Circumstances force Fast House Sale

admin — Wed, 11 Jun 2008 20:35:15 +0000

There are many times when circumstances conspire against you that will force you into needing to sell the house fast.

Selling your home without unwanted delays can also tax your brain beyond its capabilities. Managing the paperwork, title companies, inspectors, contractors, and attorneys. There is a lot of details to manage.

What can you do?

If you are not knowledgeable about how this works, you will have to get a professional homebuyer. An expert.

It is only professional home buyers like us that will show you the best options to unload your house.

It is even possible to complete the deal within a month, even if you get mired in a protracted negotiation. So, don’t hesitate in asking an expert to help you sell your house fast.

An example of a fast house sale.

An attorney called us a few weeks ago, saying the heirs wanted their estate to be settled.

The gor our Cash Offer for Your House in 24 Hours and they accepted it a few days later.

In about 15 days, the deal was closed.

We handled all the paperwork and the seller didn’t even have to pay the real estate closing.

What now?

Get our Cash Offer for Your House in 24 Hours. If we can make an offer that works for you and us, we’ll handle the disposal of your house fast.