We buy houses in the Pittsburgh Pennsylvania Metro area including Allegheny, Butler, and Beaver County.
We Buy Pretty Houses:
We can stop foreclosure and save your credit. We can get that second mortgage payment or vacant house off your back. We can offer to buy your house even if it is highly financed and you have little or no equity in the property. We can make up your back payments and take over your existing payments. We can offer close to market value if you are flexible on terms.
We Buy Ugly Houses: If your house is in need of repairs, we can pay all cash and close quickly if you are willing to accept a discounted price that will allow us to repair the property and sell it for a fair profit.
We buy houses from people in many different situations, in almost any condition, area and price range. We have several programs depending on your needs and the condition of your home. After discussing your requirements with you we will often make several different types of offers including all cash.
We look for win / win solutions that solve your problem and allow us to make a fair profit. We can close quickly, often in a matter of days and we'll handle ll of the paperwork.
We also sell homes using programs such as Rent To Own that makes home ownership possible without up front bank loan qualification.
By This Time Next Week, You Could Have a SOLD House!
Being Transferred
Often the biggest challenge for a homeowner in this situation is timing. There are kids in school and you want to finish the school year, yet you don't want to put off selling the house and increasing the risk of having two mortgage payments. Worse yet, your don't want to risk selling a house remotely or being an absentee land lord if you are forced to rent the house if it doesn't sell.
Since I don't plan to move into your house if I buy it, I can be very flexible. If you want to close on the house next week but stay in the house until the end of the school year, that's fine. This way you can shop for your new house and close out your business here without the stress of your current house hanging over your head.
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In Foreclosure
The are several ways to stop a Foreclosure. Here are the most popular options:
1. Forbearance
Forbearance is an agreement between the lender and the borrower that reinstates the delinquent loan through the payment of a lump sum or a schedule of payments over a period of time. If you are behind on your payment, (because of a lapse of employment, and now have income coming in again) the lender may allow you to pay the money back through installment payments over six months. The lender may decide, on the other hand, to allow you to pay a reduced monthly payment until you have an opportunity to get back on your feet and pay any remaining arrearages in one lump sum.
2. Loan Modification
A loan modification is a change in any of the terms of the original note. This includes decreasing the interest rate, re-amortizing the remaining balance, extending the term of the loan, or other options at the lender's discretion to assist you through a temporary set back. Generally a lender will consider a loan modification when foreclosure is eminent and your income has been decreased or you are unable to make the mortgage payments, but will be able to keep the loan current after the loan modification.
3. Mortgage Refinancing
Mortgage refinancing is an option where the existing lender would allow you to refinance your existing mortgage, wrap in any late payments and fees, and cash out part of your equity in the home to allow you to regain control of a debilitating financial situation. Refinances are generally open to borrowers that face a temporary set back in their financial situation, have shown outstanding credit history in the past, and can prove that he or she can support the new mortgage payment.
4. Second Mortgage, Line of Credit
The existing lender (or a new lender) may offer you a second loan or junior lien in order to make up any back payments, late fees and other charges necessary to reinstate the loan. You, in return, will be required to make an additional mortgage payment to cover the principal and interest payments on the second loan. The second loan fees and interest rates are much higher than average loan fees for an "A Credit" borrower.
5. Sale of the Home
If you are unable to work with the existing lenders, or find new lenders to complete a loan transaction in a timely manner, it is time to get serious about selling. Many owners will wait for "their pending new/refinance loans" and by the time they find out they cannot get financing, there is not enough time to "conventionally" sell the house with a Realtor. Also, there is often not enough free cash to get the house in top shape for a conventional sale. If you find yourself in this situation, we should talk. I should be able to construct an offer to buy your house quickly, in "as is" condition, allowing you to salvage your credit, and get on with your life.
6. Deed-in-Lieu of Foreclosure (DIL)
A deed-in-lieu of foreclosure is a voluntary conveyance of title to the lender. Generally this is a last ditch effort by the borrower to avoid the negative consequences of foreclosure. In return for the voluntary conveyance to the lender, the borrower is often released of any personal responsibility for the mortgage. In order to qualify for a DIL, most lenders state that there must NOT be a second mortgage or junior liens on the property. Properties with values in excess of the amount owed against the home (to include normal closing costs) should consider selling the property before voluntarily conveying the home to the lender.
7. Bankruptcy Filing
Bankruptcy is a way for people who owe more money than they can pay right now, to either work out a plan to repay the money over time in a chapter 11, chapter 12, or chapter 13 cases, or wipe out ("discharge") most of their bills in a chapter 7 case. While either the debtor is working out a plan or the trustee is gathering the available assets to sell, the Bankruptcy Code provides that creditors must stop all collection efforts against the debtor.
If you have tried options 1-4 above, and have not been able to stop the foreclosure, it is time for us to talk. My goal will be to construct an offer that will save your credit and still make financial sense for both of us.
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Getting Divorced
Second only to the death of an immediate family member, divorce creates great stress and anxiety in a person's life. One item that could prolong this is the disposition of joint assets such as a house. This is an area that I can help you with.
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Estate Settlement
Often the home of an elderly loved one, who has gone through a period of decline, is in a state of disrepair or at least not in condition to be marketed for top dollar. Left to the heirs is the often painful task of cleaning out the house and making repairs in preparation for listing the house for sale.
Since I buy houses as is, in any condition, I can save you the trouble of the cleaning and repairs. I cannot promise you top dollar for the house but, the transaction will be hassle free and fast.
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Making Double House Payments
When your old house wont sell, you could find yourself in this situation. You have a choice to either keep making double payments while you try to sell the house, or rent your house and become a landlord. I'm interested in buying your house. Call me and lets discuss it.
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Own a house in Western PA but, live elsewhere?
Perhaps you inherited a house from a loved one or you were transferred out of the area before your house sold. Regardless of the situation, owning property in another city or state can be a difficult proposition. If you are renting, tenant problems become more complex when you aren't there to monitor the situation. You may be relying on the goodness of friends and family to act on your behalf. That solution typically doesn't last long. If the property is vacant, it can soon fall into disrepair if no one is checking on it regularly to make sure water, weather, vandals, or insects aren't taking their toll. Call me and lets discuss it how together we can take that burden off your shoulders.
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Perhaps you have missed one or two payments and you have received some letters from the bank. The stress level is just beginning to build. Do you want to put an end to the nagging anxiety of having these back payments hanging over your head? Do you want to get this stressful situation finalized? But finalized with peace of mind, knowing you took care of 'business' and honored your agreements with the lender? Based on your circumstances, I may be able to buy your house and make up your back payments. The goal will be to create a solution that is a win for you, a win for me, and a win for the bank
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No Equity in your House
If you have owned your home for less than 3 years and you purchased the home with very little down, you may find your self in a situation where you have no equity in the house. Many real estate professionals will be hesitant to list the property because there wont be enough proceeds from the sale to pay their commission. Now what do you do?
You could try to sell it your self, but since your level of equity is so low you will have little room to negotiate on price, this could drag out the sales process significantly.
I have two programs to help people in this situation. If you are in this situation, you have nothing to loose and everything to gain by talking a few minutes to discuss your situation with me.
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Common Problems Solved:
Expired Listing
Maybe you've tried listing your home already. That's OK. There are some fine agents out there. But do they really get out there and "sell" your home. The funny thing about agents is they seem to place a high priority on "listing" homes; building up a veritable stable of listings. But then, once the listing is secured very little effort is made in actually "selling" the home.
The agent's abilities may look very impressive to the casual observer, but does that do you any good? Most of the time your home just sits in a computer till the listing expires. This happens to over 50% of all listings.
You may have tried the "For Sale By Owner" route to selling your home: you bought a sign from Wal-Mart, you placed your ad in the paper, and you listed in the FSBO magazine. You waited. Then you called back the "shoppers" and left messages on their answering machines. Maybe you spoke to a couple who was just gushing with enthusiasm over the phone, but nowhere in sight at the appointed hour.
What ever your experience has been so far please take comfort in knowing you have at least one interested buyer you can fall back on. Me. If you take the time to tell me about your house and your situation, I will make you one or more offers. Don't spend one more night worring about that house.
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