Tag Archives: Grays Home Solutions

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?Tax

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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Bad Credit? Not A Problem!

Is Bad Credit or a Lender Keeping you from Home Ownership?
 
Grays Home Solutions has homes available where credit is NEVER an issue and you NEVER have to qualify for a loan!

Credit card background

You’re probably thinking ‘well what’s the catch?’ Get this, there is no catch!
 
Are you currently making payments to a landlord ? Wouldn’t you like to take advantage of today’s distressed market and own a home? Grays Home Solutions will help you do exactly that!
You can buy a home with bad credit and take advantage of today’s market.
When you buy smart not only will you profit later, but you get to reap all of the benefits of a homeowner Immediately!
Call us today  at 240-347-3141 and lets discuss your home!
Follow Grays Home Solutions on Facebook, Twitter, Google+, and LinkedIn for more real estate, made simple.
 

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.

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Sources:

Buying Foreclosures – How Foreclosures Work