LITTLE OR NO EQUITY?

A little or no equity situation is the most common problem we come across lately. 100% financed purchases and Adjustable rate mortgages have left many homeowners who need to sell in very difficult situations.  Especially when home values have fallen below what is owed. 

In most cases, the homeowner has tried to sell their house "For Sale by Owner" with no luck since home sales have stretched to over 100 days on the market.  When they realize they are unable to sell their home, their next step is usually to list it with a Realtor. In order to cover the realtors commission and closing costs, they usually have to increase their asking price.   Since the price is artificially increased, the likelihood of selling the house is reduced even further.

Even if the house does sell, commissions and fees, closing costs, taxes and other costs often leave the over-leveraged seller responsible to bring a large check to the closing table. 

We buy houses from people in this situation all the time. We will quickly evaluate your situation and make an offer, often with 2 or 3 other options!     You select which is best for you! 

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