Donte Mazyck is the acquistions manager for BofC which is a web based company that buys houses in the Raleigh, North Carolina and surrounding areas from homeowners that need to sell their house fast to stop and avoid foreclosure. BofC isn’t a realty company or real estate agency but is a company that works with homeowners and their lender directly to create a win-win purchase. Homeowners in the Raleigh area that need to sell their house fast can go to Sell my Raleigh house fast and homeowners that need that want to sell but facing foreclosure can go to Stop my Raleigh Foreclosure or homeowners can call 888-219-8619 toll free to get started right away.
Archive for Avoid
Dec
20
Stop Foreclosure On Your Raleigh, North Carolina House Fast Through A Short Sale
Posted by: | CommentsAvoid Foreclosure San Diego
Raleigh, North Carolina – 2009
Homeowners looking for a fast sale in Raleigh and surrounding areas isn’t going to happen with listing your house through a real estate agent. According to the numbers home sales are down to a whopping 709 homes sold in the month of February. Those numbers suggest that out of all the houses in Raleigh on around 700 actually sold and real estate agents were the ones that contributed to such a low number of homes sold.
The foreclosure crisis and housing market bust is leading the Raleigh to a five year low, as far as, houses sold are concerned. That means homeowners that need to sell their house fast because they are facing the threat of foreclosure need to make their house stand out from the houses on the market. The number 709 houses sold are at a really low number and the only thing that can help a house sell faster is by having the lowest price on the market. The only problem is home values have been pretty stagnate over the years which means most homeowners have little or no equity.
Owners with little or no equity that are behind on their mortgage payment only hope to sell their house fast is something called a short sale. Short sales are becoming the leading method to help homeowners avoid the foreclosure process. The current state of the Raleigh housing market more homeowners behind on their payments will have to short sale their house if they want to seriously stop foreclosure by making their house more marketable.
A short sale is when the homeowner’s mortgage lender agrees to reduce the mortgage balance owed to a price that makes the house more marketable. Lenders agree to short sales because they can cut their losses early and recoup their money as soon as possible. Lenders will rather get their money now rather than take a house back that may decrease in value, resulting in a lower bottom line. Plus a short sale can cut cost such as foreclosure fees, attorney and realtor fees.
Homeowners benefit from a short sale as well because they can avoid foreclosure and qualify for a home quicker than allowing their lender to take their house. Freddie Mac will lend to a homeowner that went through a short sale in as little as 2-3 years versus 5 years for a foreclosure. Owners can also negotiate the balance which can become a judgment to a zero balance which is impossible if they let their house go to foreclosure.
How To Avoid Foreclosure San Diego
Oct
12
How Can I Avoid Foreclosure On My Home?
Posted by: | CommentsI live in California and I am being threatened with foreclosure. Is there anything I can do to avoid this. Please don’t respond telling me to make the payments because obviously if I could I would not be in this position.
Oct
12
Avoid Foreclosure San Diego – What Options Are Available To Avoid Foreclosure?
Posted by: | CommentsAvoid Foreclosure San Diego
I have a relative that can no longer pay for a high mortgage payment, what options are available to avoid foreclosure? The house has been on the market for nine months but no buyers.
Mar
17
Avoid Foreclosure San Diego – Can I Purchase A Home Even After Going Thru A Short Sale To Avoid Foreclosure?
Our mortgage was a variable rate mortgage, and my husband had lost his job and bills were out of control… We decided to cut our losses and do a short sell and avoid foreclosure (which had started). At this present time we are slowly regaining financial abilities even thru our country’s economic hard times…We want to purchase another home in about a year. Will banks see me as a risk, and deny me a mortgage because of my past situation?
Feb
17
How To Avoid Foreclosure San Diego – Can I Give My Mortgage Lender The Keys To My House To Avoid Foreclosure?
I heard a person can surrender the keys to their home and sign the deed over to the mortgage lender to avoid foreclosure. Is this true? I guess this is seen on teh credit report still as a foreclosure, but it saves the lender some cost and you don’t go through as much pain and they forgive the debt. is this true???