Foreclosure and preforeclosure are two terms that are commonly used in the real estate industry. While these terms may sound similar, they have very different meanings and implications for both homeowners and potential buyers. What is Foreclosure? Foreclosure is a legal process that occurs when a homeowner is unable to make their mortgage payments. When … Continued
The wheels that drive foreclosures turn very slowly, and there is ample opportunity to steer the ship in a new direction and salvage your future. Sadly, foreclosure is entirely avoidable, yet lives are often damaged for years because homeowners weren’t fully informed of the consequences and took no action to prevent the process. Regardless of … Continued
Facing foreclosure can be an extremely stressful experience for any Florida homeowner. Not only does it mean the loss of a home, but it can also have a significant impact on one’s credit score and financial future. Fortunately, there are options available for homeowners facing foreclosure, including working with direct property buyers in Florida. In … Continued
If you own a home when you file for bankruptcy, it becomes part of the bankruptcy estate, the property or assets you own. In October of 2022, there was a twenty-seven percent increase in chapter 13 bankruptcy filings over the previous year. Bankruptcies, including all chapters, total a seven percent increase overall, which correlates strongly … Continued
If you’re concerned about your property going into foreclosure due to circumstances beyond your control, the optimum scenario would be to work with your lender for a resolution before things go any further. However, going through the foreclosure process can be made easier when homeowners understand what lies ahead, so read on as we explore … Continued
It’s no secret that foreclosure rates in America are on the rise. This can affect the Florida real estate market in all sorts of ways. The housing market has always been a volatile industry. With fluctuating prices, ever-changing regulations, and unforeseeable economic conditions, it can be challenging for homebuyers and home sellers to navigate the … Continued
Whether you overpaid for the property in a bidding war, you’ve fallen behind on mortgage payments, or property values have dipped, being upside-down on your mortgage or owing more than the current market value is a less-than-ideal situation for homeowners. If circumstances force you to sell your house due to foreclosure instead of waiting out … Continued
Home sales usually fall into one of three main categories: traditional sales, short sales, and foreclosures. For buyers, each has pros and cons, though generally speaking the cheaper properties are short sales and foreclosures. But if you’re a buyer, you need to keep in mind that these properties are usually cheaper for a good reason. … Continued
Being in a situation where you owe more on your house than its current value can indeed be challenging, especially when circumstances require a quick sale. The pressure to resolve this financial burden while facing personal or other financial stresses can feel overwhelming. However, it’s crucial to remember that you do have options that can … Continued
Selling your house in Fort Myers can come with a lot of costs. Learn more about the expenses you may face and the alternatives you have for your property.
If your Fort Myers, Florida house is facing a foreclosure, and you wish to avoid it… or if you just need to sell your Fort Myers house fast for another reason (you inherited a house, relocating and need to sell, lost your job, agent can’t sell your house, etc.)… then one of the best options that … Continued
Time and money are crucial factors when you are selling your home. If you need to sell your Fort Myers house fast… there are local professional home buying companies who pay cash for homes in Fort Myers Florida. Let’s dive into how you can sell your local Fort Myers house fast and get cash for … Continued
Selling a home in this tough economy is no walk in the park. If you are facing a foreclosure, then chances are you are grappling with the question, “who can buy my home with cash in Fort Myers?” Well, fret not! There are several options that you can explore when putting your home up for … Continued