Category Archives: Foreclosure

How to Stop Foreclosure in Washington County

Are you a homeowner in Washington County who is facing foreclosure? You’re not alone. Maryland has the highest foreclosure rate in the nation right now, and foreclosure activity has only decreased by 1 percent compared to February of last year, according to RealtyTrac. One in every 564 housing units in the state has a foreclosure filing.

If you’ve tried everything to stop your lender from foreclosing but haven’t had success, you may feel like you’re out of options. But you’re not. Grays Home Solutions is a home buyer who has helped homeowners in Maryland and throughout the Tri-state area put a stop to foreclosure, even at late stages of the filing. If you’re running out of time and don’t know where else to turn, we can help find a solution for you. Here’s how we do it.

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Stop Foreclosure in Maryland Now and Sell Your Home

Are you facing a fast-approaching eviction date because of foreclosure? Wondering if you have any options left at all? The less time you have until the foreclosure is complete, the fewer options you have. But, it’s important to know that you still have options available. In fact, you could walk away from your home by this time next week and potentially get paid for your home in cash.

We know this might sound too good to be true, but it’s 100% not. We’ve helped homeowners throughout Maryland who were facing foreclosure to sell their homes fast and get out of a situation that they at one point thought was unavoidable. Our goal is to provide a solution for you that will put a stop to foreclosure and help you sell your home now.

Are you interested in learning more? Keep on reading.

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Can I Use a Loan to Stop Foreclosure?

Are you facing foreclosure? One option you might have considered is refinancing your loan or taking out a reverse mortgage to put a stop to the foreclosure. These are both strategies that have been used by homeowners to avoid foreclosure. However, they do have a number of risks associated with them. In this week’s blog, we’ll talk about some of the risks that come with using a loan to stop foreclosure, and an alternative that you might want to consider.

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Two Reasons Bankruptcy Might Not Stop Foreclosure in Maryland

If you’re facing foreclosure in Maryland, one option you might be considering is bankruptcy. You might have heard that going into bankruptcy will delay a foreclosure, or help you keep your home. However, the reality is that bankruptcy might not work out as you’d anticipated. In this week’s blog, we’ll talk about bankruptcy as a method of avoiding foreclosure, and how it might not stop a foreclosure.

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What’s the Best Way to Stop Foreclosure in Frederick?

Are you facing foreclosure in Frederick? Have you just about run out of time? Many homeowners find themselves in this situation for one reason or another. Maybe you’ve explored options that didn’t pan out. Maybe you were unsure what to do and now find yourself staring at a fast-approaching deadline. No matter the case, you should know that even with limited time, there are still a few options available. Learn what these are, and how to choose one that works best for you.

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How to Stop Foreclosure in Montgomery County

Are you facing foreclosure in Montgomery County? You’re not alone. Maryland’s foreclosure rate remains among the highest in the country, with only New Jersey and Florida having higher rates of foreclosure. In in every 581 housing units in the state has a foreclosure filing.

Dealing with foreclosure isn’t easy for any homeowner. Your first priority is to stop the foreclosure, but your options are limited. A traditional sale would take way too long. Even a short sale might not be short enough. But this doesn’t mean that you’re out of options. Learn how to stop foreclosure in Montgomery County below.

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How to Stop Foreclosure in West Virginia

Are you wondering how to stop foreclosure in West Virginia? Homeowners under the threat of foreclosure might feel like they have no options available to them. One thing’s for sure, a traditional real estate outlet won’t be able to help you in this situation. Even a short sale might not provide you with the solution you need. But you should know that there are solutions available to you, even if you think you’ve tried everything else. Read on to learn how to stop foreclosure in West Virginia with the help of Grays Home Solutions.

How to Stop Foreclosure in West Virginia

If you answer yes to any of the following questions, we can help:

Are you receiving collection calls and bank notices in the mail?
Do you not have enough money to pay your mortgage?
Is your home not worth what you originally paid for it?
Do you have two or even three mortgages on your home?

Your West Virginia Home Buyer

Grays Home Solutions is a home buyer in West Virginia. Our goal is to help you find a solution for you to stop foreclosure in West Virginia. Our process is simple, easy, and fast. Here’s how it works.

You call us with a home you need to sell. Or if you know someone who needs to sell, you can refer them to us and get a referral fee if we buy the property.
We talk to you about your situation and take a look at your home.
We make you an offer within 7 days.

It’s as simple as that. In 7 days or less, we will make you an offer and buy your home. It’s important to remember that time is of the essence in these situations. If you’re facing foreclosure and feel like you don’t have any options left, contact us so we can talk about how we can find a solution for you.

To learn more about how to stop foreclosure in West Virginia, contact Grays Home Solutions today, your West Virginia home buyer. In addition, don’t forget to download our free ebooks, “Sell Your House in Days Instead of Months” and “Stopping Foreclosure: Understanding Your Options.”

How To Stop Foreclosure in Maryland

Are you facing foreclosure in Maryland? You’re not alone. In the first 9 months of 2014, 7,199 foreclosures were completed in the state. And while these numbers have fallen since last year, Maryland remains one of the states with the highest foreclosure rates in the country. Fortunately, if you’re in foreclosure or under the threat of foreclosure, you do have options available to you. Read more to learn how to stop foreclosure in Maryland.

How to Stop Foreclosure in Maryland

Being in foreclosure in Maryland can be very overwhelming. The lender is demanding payment by a certain date. You’re constantly receiving collection calls and notices in the mail. Your home might not be worth what you initially payed for it. It seems impossible to sell on such short notice, right? Actually, it’s completely possible for you to sell your home within a week and get payed in cash.

Grays Home Solutions is a home buyer in Maryland and the Tri-state area. Our goal is to help homeowners who are struggling find solutions for problems like foreclosure. Even if your home isn’t worth what you paid for it, there’s still value in it. Your home is likely your largest asset, and even under threat of foreclosure, you can use this to your advantage to put a stop to the process.

If you’re facing foreclosure in Maryland, we can help you stop it. We will make an offer on your home and buy it within a week, and pay you in all cash. It’s as simple as that. We buy homes in all conditions and we don’t require that you do any repairs, because we know that in these kinds of situations time is of the essence. The phrase “time is money” couldn’t be more true when you’re facing foreclosure.

We want to help you make the most of what little time you have. If you’re facing foreclosure in Maryland, contact us today to learn how we can provide you with a solution. And don’t forget to download our free e-books on stopping foreclosure and how to sell your house in days instead of months.

Source

http://www.bizjournals.com/baltimore/blog/real-estate/2014/10/far-fewer-maryland-homes-are-entering-foreclosure.html

New Deficiency Judgment Rules in Maryland

Deficiency judgment rules in Maryland are about to change, thanks to the passage of a new law in the recent legislative session. A deficiency judgment is the process by which a lenders seeks payment for any funds that weren’t accounted for in a foreclosure sale. As an example, if a home is valued at $100,000, and sells for $75,000 in a foreclosure sale, the lender can seek a deficiency judgment to file for the additional $25,000 in value that the sale didn’t bring.

Previously, the lender had up to 12 years to file a deficiency judgment and collect this outstanding mortgage debt. This extended timeline made it difficult for homeowners who had been through foreclosure to move on, as they could never be sure if the lender would seek a deficiency judgment 5, 10, or even 12 years out.

The new law shortens this timeframe significantly, reducing it from 12 years to 3 years. The new law also makes a deficiency judgment the only method by which a lender can seek payment on an outstanding mortgage. The law will go into effect on July 1, 2014. Another bill which would have put a halt on all foreclosures in the state for 6 months did not pass.

Finding a buyer for your home doesn’t have to be a difficult process. We’re looking for properties of all types across the Tri-state area. 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.

Sources

http://www.lexology.com/library/detail.aspx?g=3873dc88-1dca-429c-9fba-fef5f101b244

http://www.wbaltv.com/politics/compromises-fail-on-several-highprofile-md-bills/25398598

Maryland Foreclosure Rate Second Highest in U.S.

It’s a story that has been told time and time again in recent years in the world of Maryland real estate, and though the numbers are still high, there are some small signs of potential improvement. The numbers for foreclosure rates last month released by RealtyTrac (which tracks all 50 states’ foreclosure rates) showed that Maryland had the second highest foreclosure rate in the country, second only to Florida. In addition, Maryland’s biggest metropolitan area, Baltimore-Towson, “had the third highest foreclosure rate of the major metro areas behind Tampa-St. Petersburg and Miami-Fort Lauderdale in Florida,” according to the Baltimore Sun.

While Maryland is still in high water, much of the rest of the nation seems to have passed the foreclosure crisis, with the national foreclosure rate at its lowest level in more than 7 years. Foreclosure starts nationwide were at their lowest level in more than 8 years. In Maryland, foreclosure starts (the beginning of the foreclosure process) were up 15% year-over-year, but dropped 6% when compared to January, falling for the second month in a row.

While this may be a sign of good things to come, the fact remains that many Marylanders are facing foreclosure. There were 2,210 foreclosure starts in the state last month, and many of these homeowners are searching for a fast solution. If you’re facing foreclosure and want to sell your home fast in Maryland, Grays Home Solutions can help. Contact us today for more information.

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.

Source

http://articles.baltimoresun.com/2014-03-13/business/bal-maryland-posts-second-highest-foreclosure-rate-in-nation-20140312_1_foreclosure-rate-realtytrac-foreclosure-starts