Tag Archives: foreclosure

How Does the Foreclosure Process Work in Maryland?

Facing foreclosure is always scary but if you can’t pay your mortgage then you will quickly hear from your lender seeking a solution to the problem. All of the documents you will receive during this process can be overwhelming especially when you are already stressed out about the possibility of losing your home and ruining your credit history. In this week’s blog, we give you a simplified overview of how the foreclosure process works in Maryland and the steps you can take to avoid foreclosure.

foreclosure-maryland

There are steps you can take to stop foreclosure on your Maryland home.

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After a Foreclosure: Second Mortgages and Liens

If you have a second mortgage or a judgment lien on your home and you’re facing foreclosure, you may be wondering what would happen to them if the foreclosure were to go through. You may have heard that the only the first mortgage matters, but the truth is that even though second mortgage and lien holders lose their security interest in the property, they can still come after you for the debt if they don’t receive it at the foreclosure. Learn more about what happens with second mortgages and liens in our blog.

second-mortgage

What happens to second mortgages and liens after a foreclosure?

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Should You Consider a Deed In Lieu of Foreclosure?

A deed in lieu of foreclosure is a method that some people use to avoid foreclosure. Though it can be used successfully and has its advantages, there are also a number of drawbacks that you’ll want to take into account before you move forward with a deed in lieu. In this week’s blog, we’ll talk about what exactly a deed in lieu is, and the pros and cons of using this strategy to stop foreclosure.

deed-in-lieu

Should you consider a deed in lieu of foreclosure?

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How Can I Stop Foreclosure and Sell My Hagerstown Home Now?

Are you facing a foreclosure date that’s coming up fast? Wondering how you can stop foreclosure and sell your Hagerstown home now? Depending on how close the final date is, you may have few options. Things like short sales and bankruptcy can take months. Bankruptcy in particular might only give you a few extra months to work with, and not give you the solution you need. Refinancing may work, but many people who are facing foreclosure have already refinanced one or more times, and have 2 or 3 mortgages on their home.

Ok, so let’s say you’ve tried other options that haven’t worked, or your foreclosure date is too close for any of the options you’ve read about so far to work. What can you do?

There is a solution that will allow you to sell your Hagerstown home now and stop foreclosure now. And when we say now, we mean it. Learn more below.

hagerstown-home

How can you sell your Hagerstown home now?

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Sell Your Martinsburg Home ASAP

Are you behind in your mortgage payments and facing foreclosure? Is your foreclosure date coming up soon? Do you need to sell your Martinsburg home as soon as possible? One thing’s for sure, a traditional realtor isn’t going to be able to help you in this situation. And trying to sell your home on your own as a for sale by owner is complicated enough, not to mention when you’re trying to avoid a foreclosure.

So are there any options left? It depends on how much time you have. If you have a few months before your foreclosure date, options such as a short sale, bankruptcy, or loan may still be available to you. But if we’re talking a few weeks, then your options are limited. Fortunately, there is still an option available to you that can help you sell your Martinsburg home fast and stop foreclosure. Keep on reading to learn more.

martinsburg-home

Sell your Martinsburg home ASAP with us!

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Maryland 3rd Best State For Home Flipping

Maryland is the 3rd best state in the country for buying and flipping homes, according to 24/7 Wall St. and USA Today. So what makes Maryland a great place for investing in and flipping real estate? It has a lot to do with the state’s foreclosure rate. Maryland has ranked in the top 5 states with the highest foreclosure rate for many consecutive months now. Just two months ago in February there were 2,210 foreclosure starts in the state, and in March the state ranked as the second highest in the nation for foreclosure rates behind Florida. In March, 1 in every 527 units received a foreclosure filing in Maryland compared to 1 in every 1,121 nationally.

At Grays Home Solutions, our goal is to provide solutions for those on both sides of the foreclosure coin. If you’re facing foreclosure, we offer a fast solution that provides an alternative to foreclosure and some of the consequences associated with foreclosure. If you’re a real estate investor, we offer these homes as an opportunity for you to use affordable real estate as a means for wealth-building and earning potential.

So what kind of earning potential is there in Maryland? According to 24/7 Wall St. the average gross profit for a flipped property in 2013 in Maryland was $98,122. Home flipping has significantly increased in popularity over the past few years as well, with 3,522 homes flipped in 2013 compared to about 1,000 in 2011. Maryland’s proximity to the highly desirable D.C. metro area also bodes well for flippers. “On average, flipped homes in the D.C. metro area were sold for $372,792 at a profit of more than $112,000 last year, more than in most other metro areas.”

Maryland home flipping

If you’re looking to invest in low-cost properties with lots of earning potential, we can help. Gray’s Home Solutions has properties of all types across the Tri-state area. Click here for a full list of properties, and contact us for more detailed information. Even if you’re not looking to buy right now, 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 FacebookTwitterGoogle+, and LinkedIn for more real estate made simple.

Sources

http://www.usatoday.com/story/money/business/2014/02/02/6-best-states-to-flip-a-house/5115321/

http://www.bankrate.com/finance/real-estate/state-foreclosures-maryland/

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.

Maryland foreclosure rate

 

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 FacebookTwitterGoogle+, and LinkedIn for more real estate made simple.

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

How to Stop Foreclosure in Maryland

Is your home under the threat of foreclosure in Maryland? You’re not alone. Maryland has consistently been among the top five states with the highest foreclosure ratings for many months now, placing third for the month of January. Like many Marylanders facing foreclosure, you’re probably looking for a better option than the bank foreclosing on your home. Even a short sale may take too long if your time is running out. If you’re pressed for time and think you’re running out of options, contact Grays Home Solutions.

Grays Home Solutions is a home buyer in Maryland and throughout the Tri-state area. Our priority is buying homes quickly, and in any condition. Even if your lender is threatening foreclosure, your house is in need of repairs, and you’ve fallen behind on your payments, we have solutions to solve these issues at no expense to you.
Grays Home Solutions specializes in buying property quickly.  As Real Estate experts we know exactly what you are facing and know what if feels like to have your back against the wall.  I don’t know of any other service in this field that is TOTALLY FREE.   All you need to do is give us a call @ 240-347-3141 or visit us on the web @  www.WeBuyTheTristate.com     Lets get you moving in the right direction today.
stop foreclosure in Maryland

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 FacebookTwitterGoogle+, and LinkedIn for more real estate made simple.

Source

http://www.bizjournals.com/baltimore/blog/real-estate/2014/02/maryland-foreclosures-rise-for-19th.html

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!

 

sell your home

 

 

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 FacebookTwitterGoogle+, and LinkedIn for more real estate made simple.