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Do I Qualify For A Short Sale?

The guidelines for a short sale cover homes associated with any of the following conditions: Financial Hardship on the part of the homeowner, Monthly Income Short Falls that limit viable cashflow, or Insolvency, meaning that your available liquid assets are insufficient to make substantial payments on your mortgage.

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What Is A Mortgage Modification?

A mortgage modification is an option available to lenders that allows them to alter interest rates, the official amount of the principal through a reduction in the total owed, or the repayment terms, for example moving from a fixed rate to an adjustable rate. This process can enable homeowners to remain in their homes when they can no longer satisfy their monthly payments.

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Why Would A Lender Modify My Mortgage?

Many lenders have realized that in many cases working with the borrower is easier and less problematic on both ends than entering into the extensive process of home repossession. For this reason, lenders are often willing to create more favorable terms for their borrowers rather than pursue foreclosure, which can cost a company up to half the value of a home in processing fees.

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What Is A Home Affordable Refinance?

If a major financier such as Fannie Mae or Freddie Mac manages your mortgage, you could be eligible for a Home Affordable Refinance. This allows you to refinance your property and lower your payments in many cases.

We Focus On Selling Your House Fast.
We Focus On Selling Your House Fast.

What Are Handyman Specials?

Distressed properties which require extensive repair are usually referred to as Handyman Specials. They are usually sold at very low prices since the buyer will have to spend much on repair and renovation. It is important you know exactly how much it would cost you to have the property fixed up to estimate your potential profit. You can do so by working with an experienced and professional contractor.

Find home buyers fast.

What are Fixer Upper Homes?

These distressed properties – as their name suggest – requires fixing up. Investors consider these properties as the perfect choice for flipping since they can be bought for a fraction of their market values. Obviously, you will have to order a thorough home inspection to determine how much it will cost you to repair the property. Once they have been repaired and renovated, they can be sold for considerable profit, which is why many real estate investors consider them gold mines.

Discover motivated home sellers.

What do I need to get started with distressed homes investing?

To get you started on your distressed homes investing, you will need to educate yourself about everything there is to know about properties in distress from buying to cashing in on your investment. Of course, you have to understand your success will be greatly dependent on finding the best deals.

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Bad Shape You Can Sell Your House Topics

Bad Shape You Can Sell Your North Las Vegas House Quickly Video

 

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Information for North Las Vegas, Nevada

North Las Vegas, city, Clark county, southeastern Nevada, U.S. A part of the Las Vegasmetropolitan area, the city was settled in the early 1920s by pioneers attracted by the water supply; it was originally named Vegas Verde. It was renamed North Las Vegas in 1932 and incorporated as an independent city in 1946. In the 1990s the city's government embarked on an ambitious program of expansion, annexing nearly 60 square miles (155 square km) of surrounding desert. The city's major employers are Nellis Air Force Base and the U.S. Department of Energy Nevada Test Site, although the nongovernmental sector has become increasingly important, as have the gaming and service industries that figure so prominently in the economy of neighbouring Las Vegas. Inc. 1946. Pop. (2000) 115, 488; (2010) 216, 961.Nellis Air Force Base, near North Las Vegas, Nevada. Stan Shebs

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North Las Vegas - We Focus On Selling Your House Fast. Articles

Distressed Properties FAQs

What are Distressed Properties?
In real estate, if a homeowner suffers from financial problems, which render him unable to meet his monthly mortgage obligations, he is said to be in distress and the home is referred to as a Distressed Property. Based on the stage of foreclosure the property is in, it can be classified as a pre-foreclosure, foreclosure at auction or a bank owned home/repo home.

For more information, simply check our What are Distressed Properties? page.

How to buy distressed properties?
Buying distressed homes is simple enough. You only need to determine where in the stage of foreclosure is your entry point and understand what is involved in purchasing these properties. Each stage will require a different approach, so it is also crucial you do your homework even before you search for the perfect distressed property.

To help you make sure your purchase is a success, check out the How to Buy Distressed Properties page.

How to invest in distressed properties?
Considering the impressive profit potential offered by distressed properties, it is not surprising buyers are presented with numerous investment opportunities. You will find investing in these distressed homes is quite lucrative. Of course, in order to maximize the said potential, you have to make sure you know and understand what is involved in each of these opportunities.

You can refer to the Guide in Investing in Distressed Properties for more information.

How to find distressed properties?
When it comes to finding distressed properties, there are actually several ways to do so. You can choose to go the traditional route and search neighborhoods or scan classified ads in newspapers. But there is actually a more efficient and convenient way - there are distribution centers.

We offer a large selection of distressed houses for sale, including pre foreclosures, foreclosures at auction and bank owned properties located in all 50 US states. You will have easy access to all relevant information pertaining to these homes with just a few clicks in your computer. Finding the best deal on a distressed property which meets your budget and preferences will always be hassle-free.

Is there a specific type of distressed properties which is more profitable to invest in?
You will be pleased to know that despite the many types of distressed properties, all of them promise to be profitable. Your choice will simply have to depend on your resources and needs. Since each type of distressed home offers their own advantages, you have to determine which type you are comfortable of buying and eventually owning.

Are distressed homes always sold as is?
In general, distressed properties are sold as is. For this reason, you have to conduct a thorough inspection of the property to see the extent of repair work needed. Hiring a professional inspector is strongly recommended. In few cases, the seller will agree to agree to shoulder the repair cost as long as they are minimal. It is really a matter of knowing exactly what you are buying and negotiating with the seller.

What Are Handyman Specials?
Distressed properties which require extensive repair are usually referred to as Handyman Specials. They are usually sold at very low prices since the buyer will have to spend much on repair and renovation. It is important you know exactly how much it would cost you to have the property fixed up to estimate your potential profit. You can do so by working with an experienced and professional contractor.

What are Fixer Upper Homes?
These distressed properties - as their name suggest - requires fixing up. Investors consider these properties as the perfect choice for flipping since they can be bought for a fraction of their market values. Obviously, you will have to order a thorough home inspection to determine how much it will cost you to repair the property. Once they have been repaired and renovated, they can be sold for considerable profit, which is why many real estate investors consider them gold mines.

What do I need to get started with distressed homes investing?
To get you started on your distressed homes investing, you will need to educate yourself about everything there is to know about properties in distress from buying to cashing in on your investment. Of course, you have to understand your success will be greatly dependent on finding the best deals.




 


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