With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Salem anyway? Many homeowners across America and Salem are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will […]
Tag Archives | foreclosure
How to stay in my home after foreclosure in Salem
A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose […]
Understanding the Foreclosure Process in OR
Understanding the foreclosure process in OR is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun. But just know that it’s not […]
Can I sell my Salem area house in foreclosure?
Do you have a Salem, OR area house that’s in foreclosure right now? Many people going through the OR foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you […]
Hear What Others Have To Say…
Burk
"After my parents passed, my siblings and I had been cleaning up their property."
"We could have gotten estimates, hired a contractor, split the cost of fixing and remodeling it, then listed it and sold it... but we'd probably just break even on getting our cost back. There was a lot to do, and it would take awhile to get the work done, especially if we tried to do some of the work ourselves.
We just didn't have the time or extra money to put into it. It made sense to just sell it as-is for cash, so we could all move forward. It was a relief."
Thank you!
Billie
"My ex started to fix up one bathroom, but didn't finish..."
"The house needs a lot of work and is bigger than I need now. The roof is leaking. One of the eaves needs repaired. My ex started to fix up one bathroom, but didn't finish, so the walls and shower were never installed. The flooring is in bad shape, and it needs many other small repairs. I'm not able to fix it. Family members want me to fix it up, replace the roof, and sell it, but that's a lot of work. They aren't the ones who will be doing all that work! I just want to sell it to someone who can fix it, and move into a smaller place."Thanks for buying my house as-is!
"It's the last of a bunch of rentals we needed to sell. We didn't have the time or money to fix it up and keep it as a rental. We needed to get out of the landlord business.
"Closing was easy and went pretty smoothly, and the price was fair."
It's good to be able to move on.
"We're so glad someone who cares bought it..." "It was in bad shape for awhile. There was a lot of tenant turnover. We're so glad someone who cares bought it and fixed it up. It looks so much better now."
"Even though it was a challenging situation, you stayed on top of things and really worked though the process with me."
Thank you so much.
Mel & Katherine
"We're ready to cut back and retire soon. It's time to sell our 6-plex."
"We manage our own properties and do all the work ourselves. It's hard to take a vacation. It's time to sell one of our properties and not work so hard. We're in our 70s now. We're ready to cut back and retire soon. We've owned this 6-plex for 12 years. We've made some updates, and tried to keep up on the repairs. It's generally in good shape. We've spoken to our CPA and have a plan.""So you want to buy rentals?? We're happy to sell to you!"
Gary
"I was able to sell quickly on terms that made sense."
"I bought this property about 10 years ago, and rented to family members. After one of the family members passed, and the other one moved out, the landscaping had really gotten out of control.
It needed a LOT of yard clean up and some updating. I work a lot and just didn't have time to clean it up or to manage tenants. I wanted to sell on contract. I was able to sell quickly on terms that made sense.
I'm happy with the sale!"