Category Archives: Foreclosure

Are You a Homeowner Who Needs to Sell Their Home? Let Grays Home Solutions Help!

Reports have shown that Maryland has one of the highest foreclosure rates in the nation . From April 2012, Maryland home foreclosure rates rose 199 percent, bringing Maryland to the 7th highest foreclosure rate in the country. Maryland’s trends are going against national foreclosure trend, which found a 23.3 percent decline from the previous year with one out of every 905 homes in the U.S. entering foreclosure. Maryland’s own foreclosure rate saw a 154.3 foreclosure rate rise since April 2012.

More Maryland homes just aren’t foreclosing, they’re also sitting on the market for a long time. Although reports indicate that time is getting less and less, with the average time for a home being sold in the Baltimore area being 36 days. This is down from 64 days a home would sit on the market in 2012. For areas outside the Baltimore, the time that homes are sitting on the market is even higher. In Washington County, the average time is 110 days. And in Frederick County, the average time a home is on the market is 70 days.

No matter how you look at it, if you’re a homeowner with a home you’re looking to sell for whatever reason, you’ll have to wait at least a month before its sold. And maybe you have circumstances that cause you to need your home sold immediately. Putting your home on the market won’t get it sold the fastest way possible. That’s where Grays Home Solutions comes in. We make quick property purchases and can buy your home in as little as 7 days.

If you don’t have any equity, are behind on your mortgage payments or have a job transfer where you can’t wait around for your house to sell. If you want to get rid of your home immediately, Grays Home Solutions is here to help. If you’re in danger of foreclosure, you could ruin your credit for years. By using Grays Home Solutions services, your credit will remain unharmed.Listing your home with an agent when you’re in financial trouble can cost you in more ways than one and a short sale may be the only option, in which your credit will still take a hit. Grays Home Solutions specializes in Immediate Debt Relief and will purchase your home in a time frame that works best for you. Preserve your credit and remember You will never be charged one red cent for our services.

What do you have to lose? Call us today and lets discuss your situation.

If you have a distressed property, whether the outside cosmetics are in poor shape or if the interior or equity is ruined on it, call Grays Home Solutions.

We’re not licensed real estate agents and we’re not affiliated with any real estate firm, but we know the business inside and out. So unlike a typical buyer, we won’t ask you for any of the support or “hand-holding” that can be so time-consuming when working with non-professionals. Just call us with the lead, then sit back and wait for your check.

To learn more about how to sell your home in days instead of months, please download our ebook today! Or learn about our super easy referral system that benefits sellers and buyers!

Follow Grays Home Solutions on Facebook, Twitter, Google+, and LinkedIn for more real estate made simple.

Sources:

Maryland foreclosure rate is seventh-worst in U.S., Baltimore Business Journal

In Baltimore area, homes are selling in 36 days (and often fewer), Baltimore Business Journal

Can’t Make a Mortgage Payment? We Can Help

Paying the mortgage can become a struggle, especially if you have fallen on hard times financially. Regardless of your financial situation there is a solution to your problems. Initially, it may have seemed that taking out multiple mortgages would do the trick, but the bills keep piling up and keeping up with them has become impossible. What should you do to fix this?

In a situation like this, time is of the essence. The longer you wait to deal with this problem, the fewer options there will be to handle the situation.

After ninety days of missed payments, foreclosure is a definite possibility. The lender has the ability to foreclose on your property and sell it to the highest bidder. Any time leading up until now is when action should be taken to prevent this. Foreclosure will remain on your credit report for ten years making it difficult to receive loans in the future.

A way to avoid foreclosure and successfully pay off your debts is to sell the home. If you can sell the property for more than what you owe, then you will be able to pay off the lenders and move into a more affordable place based on your current financial situation.

If difficulty making mortgage payments is something that you’re struggling with, there is a way out. At Gray’s Home Solutions we would be happy to help you and offer a way out of this sticky situation.

Call us today at 240-347-3141 and let’s discuss your home! Did you know that 95.7% of the time we can buy your home, and solve your problem.

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Avoid Foreclosure in MD | 240.347.3141

Your home is one of your most significant investments, and the risk of losing it is likely to leave you feeling powerless, your property slipping away from you like your grip on the rope in a round of tug-of-war. But don’t worry: you’re not alone. Here are some facts about foreclosure that you should know if you’re in the process of undergoing it. Foreclosure in MD

-There are over 1 million homes that are currently in some phase of foreclosure in the U.S.

– In the first quarter of 2013 alone, almost 1.5 million properties were in a stage of foreclosure.

-More and more home are being sold fast during the pre-foreclosure period, in which the house has not yet been put up for public auction.

-Fannie Mae, Freddie Mac made up 12% of foreclosure inventory, second to Bank of America, Wells Fargo, and JPMorgan. Avoid Foreclosure in MD

-In states that require banks to receive court approval before filing a foreclosure action against a borrower, the process can take several years to complete.

-35% of properties in foreclosure during the first quarter of 2013 were either vacated or a situation in which the homeowner had relocated.

-Institutional real estate investors are racking in business by purchasing foreclosures and flipping them before renting or selling them.

If you’re trying to avoid foreclosure in Maryland, we can help: call us today at 240-347-3141 for a free and confidential consultation regarding your foreclosure. Feel free to download our Stop Foreclosure Ebook, too, to learn more.

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Sources:

Foreclosure Facts for Real Estate Investors

Facing Foreclosure in Maryland? There’s a Solution

Facing a foreclosure in Maryland – or anywhere for that matter – can be as inundating as a flood. But don’t worry – there’s a way to help you avoid feeling like you’re drowning over the prospect of losing your home. There are plenty of legitimate reasons why sellers go into foreclosure as a result of no longer being able to make payments on their home, including:

Facing unemployment
Taking medical leave at work
Having overwhelming amounts of debt
Struggling with expensive bill payments
Divorce or disagreement about ownership
Transferring jobs to a new state

What you may not know is that regardless of the reason why you’re facing foreclosure, there are several steps you can take to alleviate the process. Those include:

Reinstating the Loan: Pay off the loan current, including back payments, late charges, and any attorney fees, halting foreclosure.
Forbearance: Make arrangements with the lender to bring the overdue payments current, and cease or postpone legal action.
Loan Modification: Negotiate with the lender in order to modify the terms of the loan, including adjustment of interest rate, extension of loan period, or adding the delinquent portion and fees into the principal of the loan to be paid over time.
Mortgage Refinancing: Generally only an option for individuals with impeccable credit records who are obviously only undergoing a temporary setback, mortgage refinancing can also be an option to end foreclosure. Most people facing foreclosure who attempt to apply for refinancing will either be denied or face very high interest rates, so this isn’t the best solution.
Sale of Property: Many investors will buy homes facing foreclosure and close quickly, usually at a cost that is under market value, and without charging commission fees.
Bankruptcy: Though many will declare bankruptcy when facing a foreclosure, it is little more than an act of buying time, and usually the house always goes up for auction anyway, thereby leaving both a bankruptcy and foreclosure on your credit report – a double negative.

If you’re facing a foreclosure in Maryland, we can help: call us today at 240-347-3141 for a free and confidential consultation regarding your foreclosure. We can help walk you through your options, and develop a solution to protect your home, your family, and help you to avoid accruing penalties and legal fees in the face of a foreclosure. Since we’re not associated with a real estate agency, there are no fees or commission costs associated with our services. We look forward to helping get you afloat again during the struggle of facing a foreclosure in Maryland.

Follow Grays Home Solutions on Facebook, Twitter, Google+, and LinkedIn for more real estate, made simple.

Sources:

Buying Foreclosures – How Foreclosures Work