Monthly Archives: January 2014

New Bill Would Reduce Debt Collection Time After Foreclosure

A new bill in the Maryland legislature would reduce the time that lenders have to collect debt owed on a mortgage after a house has been foreclosed on. Right now, lenders can collect outstanding mortgage debt up to 12 years after a foreclosure, a process known as deficiency judgment. This means that homeowners who went into foreclosure might have to pay their remaining debt long after the foreclosure process. In addition, the interest on this debt continues to accrue during this time, so by the time lenders come to collect, the amount owed can easily have ballooned by tens of thousands of dollars.

The new bill, sponsored by Senator Jamie B. Raskin, would reduce the time that lenders have to collect remaining mortgage debt to 180 days after the foreclosure. However, this provision would only apply to homeowners who went into foreclosure after the law passes, if it does pass. Homeowners who have already been foreclosed on would still be at risk of a long wait for possible debt collection.

That’s why it pays to look for options other than foreclosure. If you’re under threat of foreclosure now, you don’t have time to wait and see if a law does or doesn’t pass. Talk to Grays Home Solutions today about how you can avoid foreclosure in Maryland. You can start getting your finances back on track now without having to worry about debt collectors knocking on your door in 12 years.

Finding a buyer for your home doesn’t have to be a difficult process. Gray’s Home Solutions will buy your home quickly. We’re looking for properties of all types across the state of Maryland. Whether you’ve got a townhouse in Frederick, a rowhome in Baltimore, a rancher in Carroll County or a duplex in Rockville, we’d like to make you an offer. It doesn’t matter if your house is in pristine condition or if it has seen better days, we buy it all. Best of all, in addition to our speed, you pay no fees or commissions when we buy your home. Now there’s an offer that you can’t refuse.

Even if you’re not looking for a buyer, you can participate in our sellers referral program. Here’s how it works. Send us the phone number and property address for a For Sale By Owner or vacant property. We’ll take a look, and if we buy the property we’ll pay you $250 as a thank you for providing the lead.

Are you interested in learning more about selling your home fast? Our ebook has a ton of great information for you. We also have an ebook with information on how to avoid foreclosure, available for download here. They’re both free, so give them a look. You can also connect with Grays Home Solutions on Facebook, Twitter, Google+, and LinkedIn for more real estate made simple.

Source

http://www.washingtonpost.com/investigations/new-maryland-bill-could-help-foreclosed-homeowners-avoid-lengthy-debt-collection/2013/12/30/d9812934-6f11-11e3-b405-7e360f7e9fd2_story.html

We’re Buying Houses in Frederick and Washington Counties

Grays Home Solutions is looking to buy houses in Frederick and Washington Counties in Maryland. You don’t have to wait months for your house to sell! Contact us to get a free, no obligation, ALL CASH offer. When you call us you pay no commission, make no repairs, and your house sells fast. Ever heard the saying time is money? Well, we don’t waste time.

If you’re not selling, you may know someone who is looking to sell. Talk to us about how our referral program can benefit both you and the seller. What do you have to lose? Contact us today about properties in Frederick County and Washington County Maryland.

Find Debt Relief in Maryland Now

If you’re deep in debt, chances are that your house is one of, if not the biggest contributing factor in your debt. Keeping up with mortgage payments on top of all of your other financial obligations can be a struggle, and for many it’s one that involves threatening letters from lenders and creditors, and lots of stress and uncertainty. If you’re feeling trapped under the weight of debt, the most practical thing to do is to analyze the sources of your debt and figure out what you can change to eliminate these sources.

Grays Home Solutions offers immediate debt relief that will take a huge financial obligation and weight off your shoulders. We buy homes of all shapes and sizes, in any condition, in any location, and at any time. Because we work with private creditors, we can skip the waiting and get down to business and get you debt relief when you need it, which is now. Don’t let your debt become a problem you have no control over. Grays Home Solutions allows you to stop playing defense and take a big step toward fixing your debt problem. If you’re a homeowner in Maryland who wants to change your financial situation, talk to us today to see how we can help.

Stop Renting, Start Owning

Wouldn’t it be nice to own your own home instead of paying rent every month on a property that will never be yours? Renting makes sense in the short-term, but if you’re looking to live in one location for the long-term, buying is undoubtedly the better option. Still, some buyers are deterred by the high initial cost of purchasing a home. With Grays Home Solutions however, this isn’t a problem.

Our goal is to find the best deals on homes in Maryland for you. We find properties that are affordable, and we sell them to you quickly. Imagine being able to buy a property without the hassle of a long-drawn out closing process, and at a much lower price than other homes. These are two big advantages that will get you into a home much faster than you thought possible and at a price you can’t beat. Contact us today to talk about our listings and how we can get you into a home before you can say “I’m moving!”

Sell Your Home Fast in the New Year

If you need a fresh start in the new year, Grays Home Solutions may be able to help. It isn’t easy when you can’t make payments on your mortgage and you’re getting threatening letters from your lender in the mail. Unfortunately, sometimes a new year’s resolution isn’t enough to keep you above water. If you need real help with selling your home fast, we can provide it. We specialize in speed, and when you’re under the threat of foreclosure, even a short sale can be a lengthy waste of time. We offer immediate debt relief regardless of whether or not you have equity in your home. Don’t let your financial woes follow you into another year. Contact us today and let’s discuss your situation. We charge nothing for our service and are here to help!