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Mortgage Modification Can Help You Save Your Home...

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Florida is one of the states most seriously affected by the current foreclosure crisis prevalent across the USA . What is more, in South Florida alone, nearly 50 percent of mortgages are upside down , that is, the borrower owes more than the property is worth — probably due in part to the levels reached by the pre-crash housing bubble in Florida . If you are among the many Florida residents who are struggling to save their homes, a mortgage modification program could be the rescue package you are looking for. What Is Mortgage Modification? A mortgage modification, or loan modification , is a plan by which your lender works with you to make a number of changes to the terms of your mortgage , in order to make it more affordable. For example, the lender can reduce your interest rate, or allow you to change from a variable term to a fixed term rate. The lender could also extend the term of the loan, or even reduce the principal balance . Sometimes your monthly payment mig...

For Sale By Owner - Some of the Alternative Lending Options...

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For Sale By Owner (also known as FSBO) : Shortcomings and Alternatives In the world of finance, they say that when one door closes, another opens . One man’s loss is another man’s gain. If you are an underwater homeowner, this might come as little consolation. Seen from another perspective, though, there are almost always ways to take advantage of prevailing tides with a little bit of forethought and planning. Trying to sell your home by yourself , usually referred to FSBO or For Sale by Owner can be difficult or simply impossible . However, by enrolling the help of a creative Real Estate professional, you might find similar alternatives that can work. Alternatives strategies like owner financing and leasing to own are becoming more common now that traditional lenders have frozen up. The fact that we are firmly entrenched in a buyer’s market just means that we have to do a little research and reorient ourselves to the options. Assessing the Damage As soon as it...

Why Neither Bankruptcy nor Foreclosure...

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People who are having problems making their mortgage payments and facing a financial crisis are often faced with a dilemma about what to give up. Sometimes, the idea of letting go of your home can be devastating , especially if you and your family have already invested a lot of money , time and effort into it. With so many memories you need to leave behind, it may seem difficult to face the future without looking back with some reservations. If you are facing foreclosure , you may be wondering if filing for bankruptcy can offer you reprieve from the consequences of a foreclosure or better yet, stop it . So does bankruptcy stop foreclosure and is it possible to use bankruptcy to avoid foreclosure? Bankruptcy vs. Foreclosure If you fail to make your mortgage payments , you may be in danger of foreclosure and lose your home . Foreclosure proceedings usually begin once the homeowner fails several times to pay the mortgage. If your finances have been hit this hard and...

Deed in Lieu of Foreclosure...

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As the economic conditions worsen and mortgage markets dwindle , mortgage borrowers are not left out of the challenges . You realize that nobody wants to face foreclosures , but this event may happen if you do not take action early . Whether your lender has executed foreclosure proceeding or the foreclosure seems unavoidable , remember that you still have other numerous options that you can use to offer sustainable solutions. Often many people are unaware of some of the options that have worked well for homeowners with challenges of repaying their mortgage loans. Although you have several options, each of these options has its benefits and downsides . However, they are better alternatives to foreclosure. Deed in Lieu of Foreclosure A Deed in Lieu of Foreclosure is one of the creative real estate strategies that you as the homeowner can use to avoid foreclosure on your home. You can decide to deed the home back to the mortgage lender (the bank) as a last resort ...

We Can Help With Creative Solutions

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Creative Real Estate Solutions to Distressed Property Problems There are alternative real estate solutions for those who want to avoid the pain of losing their house or need to sell their house quickly for any reason . While these solutions invariably involve selling the home or leasing it to a third party for cash or terms , it is important to realize that getting rid of property in this way is much better than waiting for the bank to come and grab it . If you simply sit back and wait for the bank to repossess your home, you will lose not only your home but also your credit ratings , which will make it difficult or even impossible for you to purchase another home in the near future. Short Sale A short sale is when the lender agrees for the homeowner to sell their property for less than what is still owed on the property. It is an alternative to foreclosure for homeowners who can no longer afford their mortgage, or it can also be used if your property is “unde...

How We Help With Damaged Homes In Florida

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We Buy Houses in ANY Condition! Many of the properties that we buy need repairs . Some need very little to none while others require a great deal of work , where we have to strip everything down to the studs and basically re-build the house. We have no problem with this, as we have a team in place that fixes our houses according to code. The fact that we renovate a lot of properties with them allows us to pay less for the work, which in turn gives us the flexibility to pay more for your house. In addition, we buy houses using our own funds or other private funds , so we do not have to get a bank loan to buy your house. Generally, banks do not finance properties that need work (especially if it is a lot of work). There are many unexpected issues that can come up when trying to fix up your house which you may not be aware of initially. Some of these can be: Contractors not completing work as promised, expensive city permits requiring architectural plans, vandali...

Who Does JC REInvestment Group Help ?

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JC REInvestment Group helps local Florida Home Owners , sell their homes fast and for a fair price. If you would like to sell your home without paying thousands of dollars to a realtor and without paying closing costs, then we may be just who you are looking for! Why Have Hundreds of Local Florida Homeowners Sold Their Homes to Us? We Have a Great Team That Holds Your Hand Every Step of the Way . The Process is Simple & Easy . We’ve Closed Many Transactions in Florida. We Can Pay CASH ADVANCE Before Closing. And that’s not it… We can Close Very FAST or on the date of your choice. We buy All Types of Properties in any Area, Price Range & in “As-Is” We can help with Any Situation – Probate & Inheritance, Foreclosure, Damaged Homes, Liens, Code Violations, Open Permits, Title Problems and MUCH More. We specialize in Buying Inherited Properties & can pay for Probate if needed. We can Help You Relocate and pay for your moving costs. Whi...

How To Sell Houses For Cash In Todays Real Estate Markets?

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Sell My Home In Florida The status of the real estate varies greatly from year to year , decade to decade , and location to location . The current climate has made selling any home a real challenge. Even the best homes at the best prices can sit for months, even years, without a buyer, making people who want to sell their house wondering if a sale can ever happen. If you are in a position requiring you to sell a home in a hurry despite a slow real estate market, you may need to consider other options. One great option that enables you sell a home fast is to speak with real estate investors who can buy your house for cash. Slow Real Estate Markets The best scenario for homeowners who want to list a house for sale in any real estate market would be to sell a home quickly and easily at any given time. The unfortunate reality is that this is the exception and not the norm; even the best houses take weeks and months to sell because of the ever-changing real esta...

Why Selling A House To A Real Estate Investor Is So Great!

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There is little doubt that some homeowners struggle with selling a house. The current market doesn’t make it easy because the conventional real estate process requires time, money, and effort – something not every homeowner has available. Real Estate Investors are an option for some in this type of situation . So, before abandoning this idea altogether, take a look at the positive side of selling a house for cash . When time is of the essence, it can be quite beneficial to sell a house in this manner. Understanding Real Estate Investors For those who have not completely researched the option of negotiating the sale of a house with a real estate investor for cash , it may not appear to be the best choice as the home may sell for less than if sold in a conventional manner. After all, a real estate investment company is a business that needs to optimize every transaction regarding the buying and selling of homes . It’s important to realize that this is only one detai...