Think Twice before You Walk Away...

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You can’t avoid them . . . even in nicer neighborhoods . . . they have tall grass, weeds growing up through the black-top, concrete, or landscaping, notices posted on the windows or doors, . . . these are the abandoned homes . . . the symbols of broken lives, shattered dreams . . . very sad, but they’re all around us.  Often times, these home owners just got fed up or gave up and walked away.   It’s not uncommon for families to just up and move when they start receiving [pre-]foreclosure notices.  They get scared off by the official notices of legal precedings, etc. that are a normal part of the foreclosure process.  Folks are often scared that they will be forced onto the street in a very short period of time, . . ....

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Price or Terms: What is ‘Really’ the Most Important to You?...

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Yes of course you want top dollar for your home, but is price really the only consideration?  I would suggest that it’s not all about price, it’s about price AND terms. I’ve heard it suggested that you should put your house up for sale immediately after you buy it . . . for a really high price.  If someone is crazy enough to give you that price, well then, sell it . . . make a quick profit!  But, do you know anyone that has actually done that?  I don’t, except for real estate investors, that is.  Why not? What if you could get your full price, but you had to wait 3 months, 6 months, a year, 5 years, 10 years, etc.?  Doesn’t it really depend on your situation?  What if you had...

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HARP – Next Best Thing to Selling...

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I know you want to sell, but if you can’t and you’re not behind on your payments, check out the HARP program for a refinance.  HARP stands for the Home Affordable Refinance Program intended to help home owners get a ‘new, more affordable, more stable mortgage’.  This is a part of the Making Home Affordable Program ® created to help home owners avoid foreclosure. Whether you agree with the government offering this program or not, it can be a great way to lower your mortgage payments . . . to make your home more affordable, if you qualify. Directly from the HARP website, you may be eligible if you meet all of the following criteria (subject to change): The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae. The mortgage must have been sold...

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13 Tips to Stand Out from the Crowd...

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If you want to sell quickly, you must provide something different . . . be different than the neighbors’. If your home looks just like everyone else’s, why should they buy yours? Here’s 13 tips to make your home stand out from your competition: 1. Increase your curb-appeal with landscaping . . . it can be as simple as flowers, fresh mulch, and edge-trimming around the lawn. Your house can be great on the inside, but you have to get them in the door :-). 2. Keep it super-clean and fresh-smelling . . . candles, deodorize [I use OdorXit) . . . the buyer shouldn’t be able to tell what kind of pets you have as they’re walking through the door . . . or heaven-forbid, before walking in. Clean those ceiling fans, light...

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Price it Right – A Must for Selling Your Home Quickly...

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So you’re eager to sell, but are you willing to consider any suggested changes in your price?  Well it may be tough to hear, but buyers don’t really care what you paid for your house 5 or 10 or more years ago.  I’m not trying to sound harsh but potential buyers don’t care what you paid for that fancy thing-a-ma-jig that you just love.  They care about what they love.  Some things may make your house easier to sell, but won’t necessarily raise the value . . . sorry.  It may hurt, but put these things out of your mind. Buyers are looking for a home that meets their criteria, not yours AND they know there are bargains out there and they want theirs. Before you set your price, do your research on comparable prices (on...

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Selling ‘Subject To’ – What You Need to Know...

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What is selling Subject To (sometimes referred to as SUB2)? This is a home sale subject to the existing loan staying in place… meaning the seller keeps the loan obligation, but the buyer makes the payments. You, the seller, are also transferring the deed (ownership) to a buyer but keeping the obligation of the loan. Why in the world would you do such a thing? Who knows… because you really want to or need to sell quickly? Perhaps your other choices mean almost-certain foreclosure and/or you’re trying to save your credit. Perhaps your home isn’t in the best shape making it harder to sell and/or you can’t afford to pay real estate commissions. Sometimes the buyer might even make up some back payments if there’s enough profit in it. It could be one or...

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How to Sell When You’re Under Water...

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Unfortunately, with the crash of the housing market and job market, many families owe more than their houses are worth and many have gotten behind on their house payments and have or are facing foreclosure.  Although you may not want to, sometimes the best thing to do is to get out of the situation, and to cut your losses.  Here are some options to consider when you just can’t afford to keep your home and/or you’re unable to sell it via more traditional or conventional means: Rent it (traditional or rent-to-own) Sell it ‘Subject-To’ . . . the existing mortgage staying in place Abandon/leave the house (not recommended) Short-sale Deed-in-lieu [of foreclosure] Bankruptcy Rent it Renting isn’t exactly getting out of it . . . but it may be the next best thing.  At...

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