How to Avoid Foreclosure and Retrieve Your Happiness

Nakul Kongovi | April 30, 2016

Had the explorer feared the greatness of mountains; they would have never been successful in conquering the peak! Yes, at times, what appears tough or seems to the end-point, might not be the same in real life!

Likewise, foreclosure, as we all know, is not the end of your happiness. Though it might bring in a series of few unwanted happenings, you can easily avoid falling a prey to it. Read below to know how you can avoid foreclosure and retrieve happiness in your life.

1. Refinancing Your Mortgage Helps a Lot:

This is done to allow a borrower to get a better interest term and rate. The first loan is paid off, and the second loan is to be created. A new mortgage is created while throwing out the original one. Though hard to achieve, refinancing your mortgage is a good way to pay off your debts while keeping your credit intact. This process may seem to be very difficult.

To avoid this, you could partner with Realty Simplified, LLC which could sell your home before foreclosure in Houston. We buy houses Houston to sell them at the best price and offer fast cash for your house in Houston. Read more Advantages of Selling House Before Foreclosure.

2. Forbearance Can Rescue You:

In forbearance, you enter into an agreement with the lender in which you can make your payments later on the condition that you would pay off the negative balance over time. Here, you convince your lender that it is because of illness or a lost job that you aren’t able to make the payments and that they would be recovered soon.

Under such circumstance, the lender will agree to forbearance rather than making the matter a legal issue. However, this process might be made easy by calling or mailing to Realty Simplified, LLC which could sell your home before foreclosure in Houston. We buy houses Houston and also spot offers or fast cash for your house in Houston; call us for a property consultation and cash offers!

3. Short Selling Your House Could Be an Option:

Before going for an auction, if you get an offer from a buyer, your lender must take that seriously. If a lender forecloses your property, he will simply try to re-sell the property. However, if you opt for a short-sale, your lender may consider it as a time-savior measure in searching or finding potential buyers in the market.

So, continue to seek a buyer for your property, even if the lender initiates the foreclosing process. Short selling your house means that you will lose your home but you will be clear of your debts and you would be prevented from being a defaulter. However, this can prove to be a lengthy process for you! Partner with Realty Simplified, LLC to sell your home fast in Houston and prevent foreclosure. Get How to sell your house rapid fast

4. Bankruptcy Can Avoid Foreclosure:

If you file a bankruptcy petition, your lender would be devoid of continuing the collection activities. The moment your lender comes to know that you are bankrupt, the foreclosure process gets stopped. However, you should always keep in mind – filing for bankruptcy will get extra time to recover financially, but won’t relieve you from your debts.

Although declaring bankruptcy is not a permanent solution, it can at least provide you with a place to stay until you find you a new home. This again is a difficult process, and to make it simple, you can call us and sell your home before foreclosure in Houston.

5. Getting Government Help:

To help homeowners facing foreclosure, the US government has two primary programs:

a. The Home Affordable Modification Program:

Under this, eligible homeowners can get their loan terms modified and prevent foreclosure on their properties.

b. The Home Affordable Refinance Program: 

It helps homeowners who are owned and controlled by Freddie Mac or Fannie Mae. In this, the borrowers may be able to refinance their mortgages into a fixed rate, a low-interest rate.
However, this process might seem to be difficult for common citizens! Rather, call us today to sell your home before foreclosure in Houston and get cash for your house in Houston.

6. Deed in Lieu:

A deed in lieu is a transaction where the borrower voluntarily transfers title to the property to the lender in exchange for a release from the mortgage obligation. So, in order to avoid foreclosure this could be an important step. But this process may sound to be lengthy for you. Partner with Realty Simplified, LLC, sell your house fast in Houston, and retreat your family’s happiness.

How To Rehab Properties Within Budget

Nakul Kongovi | April 23, 2016

Rehabbing a property can be one of the toughest tasks; and in case, you are new to home development or property rehabbing, this can get real tough! In addition to this, budget also plays a crucial role in developing or rehabbing a property.

On the other hand, though rehabbing can be made easier with enough cash, a strict budget can get this process extremely tougher. For those, who are either new or having less budget, and yet want to rehab their property, here are some of the measures they should practice to rehab properties on budget. What Should I Do To Sell My House Fast Houston?

1. Rely on an effective and well-executed plan to rehab your property. Thorough inspection about how to get started, how to continue with rehabbing and when to wind up the process will give you an insight of the entire rehabbing process.
2. Find out what are the things that needs an upgrade or fixation work. Most of the times, fixing or upgrading the unnecessary portions make the bill to exceed your budget. Before you start with the process of rehabbing, do ensure that you left no room for redoing and also have a time-plan for the entire process.
3. While rehabbing the house, make sure that you are not investing too much on styling and designing jobs. Rather try to make the house noticeable and attractive as well. If customers or buyers can feel attracted to your house, they will surely feel bonded with it and your chance of finding potential customers for house increases.
4. While upgrading things, you have to be smart enough to invest on things with higher interest returns. For example, using marbles in the bathroom can enhance the look and boost up its lifeline. Keeping the kitchen counters small and flashy will make it more attractive. By rehabbing your property in such a way, you can expect good return from it; no matter when you put it up for sale.

Well, whether or not your house requires rehabbing, you can always sell your house fast with Realty Simplified, LLC. Call us or drop a mail today for a property visit request. No matter what is the condition of your house, you can Sell your house quickly for cash in Houston with us.

How Long Can You Save Your House In Foreclosure?

Nakul Kongovi | April 15 2016

One such process that is being hated by all the homeowners, foreclosure can be painstakingly stressful for any property owners! While most of the homeowners always try to escape uncertain things like this, only a handful can make themselves free from this tiring process.

An inevitable process for the money defaulters, foreclosure firstly interrupts a family’s financial planning followed by ruining them. Post this, it not only breaches the family’s happiness, but also forces the property owner to lose on his/her credit score, equities, and possibilities of getting loans in the future. Being marked as a defaulter by the bank or financial organisation, property or home owners can also face problems in renting out an apartment or while planning to buy a new house or property in the future.

Keeping all these aside, one can really pause or hold up the foreclosure process at various level. However, pausing or holding up the process does not mean that it will help the property owner to overcome foreclosure! It might help in buying some time, but not much. Get Smart Ideas to sell your house fast Houston .

Well, by the time you try all these or finish trying all these to slow down foreclosure, you would be reaching the end of it. Post this, you won’t be having much options, and it will be the time to take a final call – either talk to your bank and close the foreclosure, or sell your house for fast cash and save your credit score from going down.

If you opt to talk with the bank or financial organisations, you can ask them about loan refinance options. In Houston, most of the property owners prefer selling their house on foreclosure to reliable and trusted property platforms like Realty Simplified, LLC. This not only saves their time, but also gets them quick cash for their Houston house while promising them better or unaffected credit scores.