D&D Taking Out The Trash, LLC
The bank are paying money to fix up foreclosed homes. They want them to sell and for more money than they can get if they do not fix them up. Hand railings are a safety hazard if they are not in place.
The house may need to be painted so that it will show better when they try to sell the foreclosed property.
Sometime you might need to remove graffiti from the foreclosed homes that you are working on.
D&D Taking Out The Trash, LLC
What are short sales and how do they work for a homeowner in hard times? This will help to understand more about the short sale and how it works. It can be a long process to go through for the buyer and the seller of a short sale. The home owner and the bank both have to agree on the price that is being offered for the home. The bank does not have to get back with you ( the buyer) until they are ready to do so, that could be months down the road.
Going through with a short sale usually causes a great deal of stress because it means that a person can no longer afford a property in which they own. There are a few different ways to get out of ones commitment to between the bank and the property, including bankruptcy or foreclosure, but many people are now choosing short sales because lenders have become more open to them. A short sale means selling a property for a lower price than owed on it and the lender agrees to waive this remaining amount. If one is forced to unload one’s property in a hurry, the best thing to do is learn as much as possible about this process then contact a local agent before once the smart decision is made to. What it Means
When a lender agrees to a short sale, it means that it is accepting less than what is due on the property. In some cases, it might make more sense to foreclose the property and attempt to resell it, while in other situations; it makes more sense to go through with a short sale. The lender will agree to whichever methods gets it most of its money back. In addition, one must qualify for a short sale before the lender will even consider this proposition.
To begin the short sale process simply contact the lender/ servicer and speak with someone who can make a decision on the matter. A letter of authorization will need to be submitted to the lender, so that the lender can look into ones personal information to ensure that one is eligible for a short sale. As with any form of asset and property management, the lender has to look at the borrowers financial situation before coming to a conclusion. One must have a real estate agent provide a preliminary net sheet, which will give the lender an estimate of how much to expect to receive on the sale and, therefore, how short the amount received will end up being.
Making the Decision
In the end, it is always a good idea to have the short sale handled by a real estate agent well versed in short sales. Short sales are only a good idea when this becomes absolutely impossible due to significant income changes in one’s life. These things do happen to people occasionally, so it is good to know that an option is available that can allow one to escape this burden under the right circumstances.
Beginning November 1st, 2012, these are the changes:
Lenders will now streamlined short sale approach for borrowers most in need.
Lenders will now have the power to quickly and easily qualify certain borrowers who are current on their mortgages for short sales:
Lenders will waive the right to pursue deficiency judgments in exchange for a financial contribution when a borrower has sufficient income or assets to make cash contributions or sign promissory notes.
Offer special treatment for military personnel with Permanent Change of
Station (PCS) orders:
Consolidate existing short sales programs into a single uniform program:
Provide servicers and borrowers clarity on processing a short sale when a
Foreclosure sale is pending.
California has been hard hit so they are trying to speed up the process of the short sales. Maybe it will help so that there are not as many foreclosures where there have been so many already.
Deanna, D&D Taking Out The Trash, LLC
If the lawn maintenance is not done on a foreclosed property, it could get fined by the city that it is in. The same with other real estate properties for landlords, brokers, banks, investors and home owners
If you are a real estate agent you know that if the curb appeal is not good people are going keep on driving and not even look at the property. That means that you do not sell that property very fast.
That is the same for the banks, investors, landlords, investors and even home owners.
Take the property from a yard full of weeds that are almost as tall as the fence. To this-
after it is cut. Then keep it this way. No fines. People would look at it more readily now than with a yard full of weeds. What would you rather have in your property. Getting fines and not having people look at your property or this kind of yard.
We specialize in foreclosures, but we can help those that have the real estate with the needs that they may have.
These are some of the things that we do:
Checking occupancy, securing the property, Boarding, winterizations, debris removal, lawn mowing and maintenance, janitorial services.
These are the people or groups that need these services: Realtors, Brokers and Banks, want the properties to be in the best possible condition so that they can sell them quickly.
We also help Investors that have bought these foreclosed homes. They do not always live in the area. They need someone to go do the things that need to be done on these homes.
Landlords need help when people leave the rental unit in a mess.
Home owners might need help cleaning things up and hauling them away. It does not have to be because they are in financial problems. They just need help cleaning up and moving things out.
D&D Taking Out The Trash, LLC
A property preservation Company