The recession has hit many people hard. Most of all because nobody expected it. Property values were soaring, home equity loans were being offered at Loan To Value Rates of 110% as both the banks and the buyers’ confidence in the market were unknockable. Now this has created a problem where people have little equity in their homes because of the high mortgages. Although some people’s equity levels are only 20%, in property terms and real money terms, this is quite a substantial amount of money. The issue is that this can easily be evaporated if the home goes into foreclosure.
If you are seriously looking to sell your house fast, then contact us and we will arrange to get you the best deal for your property, rather than see it go into foreclosure. It doesn’t matter how bad your house looks because we buy ugly houses and homes.