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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We Buy Ugly Homes that Need TLC in West Virginia

Do you own an ugly, rundown home in West Virginia? Is your home in need of repairs that you’re unable to make? Are you wanting to sell your home, but doubtful that anyone would buy it in the condition it’s in? While it’s true that a lot of people won’t buy a damaged or ugly home, we’re not just any home buyer. Learn more about how to sell your ugly home that needs TLC in West Virginia in our blog.

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5 Potential Problems with Short Sales

Are you facing foreclosure? One strategy some people try to use in this situation is a short sale. A short sale is when you negotiate to sell your home for less than you owe on the mortgage and have the lender release the lien on the property.

While this might seem like a simple solution, there are a number of risks associated with short sales. For example, in last week’s blog we talked about deficiency judgments, which could make you liable for the rest of what you owe on your mortgage even after you’ve sold the property. This week, we’re going to talk about some of the other potential problems you could encounter with a short sale.

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Deficiency Judgments: Are Short Sales Worth the Risk?

If you’re facing foreclosure, you may have done a little research on a short sale as a means of avoiding foreclosure. A short sale is when you sell your home for less than you owe on your outstanding mortgage debt, and the lender releases the lien on the property.

This might sound like a great option, but there is a lot of risk that comes with short sales. There are a number of things that can delay the proceedings or even stop them altogether. And even after the sale is complete, you might not be off the hook for the remainder of what you owe. This week, we’ll focus on the later risk, the risk that you could still owe a lot of money even after the short sale is over. This is called a deficiency judgment.

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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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We’re Buying Houses in Carroll County

Carroll County is fast becoming a very desirable place to live in Maryland. People who want the ease and affordable living of a rural county combined with the proximity to job centers like Baltimore and Washington, D.C. find Carroll County has the right lifestyle balance they’re looking for. The population grew from 150,897 in 2000 to 167,134 in 2010 according to the U.S. Census, an increase of 10.8%.

If you’re living in Carroll County and looking to sell, now is a good time to do so. Grays Home Solutions is a home buyer that can help you sell your home faster than a traditional real estate outlet. If speed is high on your list of priorities in a home sale, now is the time to give us a call. Learn more about selling your home with us in our blog.

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We Buy Houses in Washington County

Looking to sell your home fast in Washington County? Grays Home Solutions is a home buyer in Washington County, Maryland, and throughout the Tri-state area. We’re a free service available to homeowners who need help selling their homes fast. Whether you’re facing foreclosure or just need to make a quick sale, we can find a solution that works for you. Learn more about how we work to help homeowners across the region to get rid of their problem properties fast and efficiently.

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Your Home Buyer in Frederick: Grays Home Solutions

Are you looking to sell your home in Frederick? There are plenty of ways to go about selling your home. But, not all of them may get you the results you’re looking for. Working with a realtor has its advantages, but the sale can take a long time. Selling your home on your own means you get to keep the commission that would have gone to an agent, but if you’ve never done it before this can be a confusing and overwhelming process.

What if you could get the assistance of someone with extensive experience in and knowledge of the real estate industry, and still get the fast sale you want? Or maybe more than just wanting a fast sale, you need one. Maybe you’re facing foreclosure. Whatever your situation may be, Grays Home Solutions can find a solution 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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