Newport News Virginia

Relief for Distressed Virginia Homeowners is Available

New company buys houses from homeowners in distress

Newport News, Virginia- May 29, 2010-A slumping real estate market has left many Newport News, Hampton and Norfolk homeowners who desperately need to sell their homes struggling.

 

“Many people have lost their jobs, taken pay cuts or simply can’t afford their mortgage anymore,” said E.J. Harris. “They are broke and on the verge of being homeless.”

 

Community Homesolvers, which is owned by Harris, has solutions for homeowners in distress.

 

“We work with sellers who need to sell or want to sell, but do not want to wait six months to market and sell, repair and renovate their home, pay real estate commissions, or wait for an approved buyer,” Harris said. “We have a network of over one hundred buyers so if we can’t buy your house, we can help it sell.”

 

Community Homesolvers uses a simple process to help homeowners.

 

“We first ask that the homeowner call us at (757) 255-8080 or fill out a form on our website, http://www.sellmyhomevirginia.com,” Harris said. “In less than 24 hours we will contact you, look at the home and make an offer. It’s that easy.”

 

While many franchises buy and sell homes in the area, Community Homesolvers is a locally owned business.

 

“We live and work in this area. We know the people and the market,” Harris said. “We give you personalized service and we are not just a voice on the phone.”

 

Community Homesolvers has a Facebook fan page ( Sell my Hampton Roads House) for homeowners to ask questions. For more information contact Harris at (757) 255-8080.

 

Community Homesolvers specializes in helping Newport News homeowners who need to sell their homes fast. The company is locally owned and is not associated with any franchises. For more information, visit http://www.sellmyhomevirginia.com.

Newport News Virginia

Why Should I Sell My House To a We Buy Houses Real Estate Investor?

To sell…. Or not to sell? That is the question.  You know what? You definitely should sell your house to a “We Buy Houses” Real Estate Expert if you absolutely need to sell your house quickly.

Selling your Newport News, Virginia house to an investor is a quick, hassle free, straight to the point, no BS way to sell your house in any market. Selling to a “We Buy Houses” real estate investor could be the answer to all of your real estate problems.

When you sell your Hampton Roads house to a “We Buy Houses” real estate specialist you will benefit because… 

1. You can sell your house quickly (14 days or less)
2. You sign ONE short, no hassle, straight to the point contract and before you know it you’re sitting at the closing table. This is the EASIEST way to sell your house.
3. Sell your house in as-is condition. This means you don’t have to lift a finger to make your house look nice. These “We Buy Houses” investors love dirty, messy and down-right scary houses and they’ll give you cash money to buy it just as it is. (even if you have a full rehab)
4. Avoid unwanted fees. Do you have liens, code violations or any other fees on your house? No problem. A Real Estate investor will look past all these problems and buy your house anyway, this is their job. No Problem!

These “We Buy Houses” Investors are the right people to call if you just want to get to the closing table and not deal with all the unnecessary paperwork and foolishness. This is a straight to the point solution that many homeowners and investors have been using when they simply don’t want to deal with their house anymore.

Newport News Virginia

The harsh truth of uncontrolled credit spending

Mortgage debt in the United States has increased over the years. Second mortgages accounted for less than 4% of the total mortgage debt at the beginning of the 1980s. It increased to 12% during the 1990s. From the 1090s till this year, it has increased by double digits and it continues to grow rapidly. The easy access to home equity is the main reason for this rise. No other form of credit has seen such rapid rise except the credit card. 

A home equity line of credit is a form of revolving credit in which your home serves as collateral. With a home equity line, you will be approved for a specific amount of credit–your credit limit, the maximum amount you may borrow at any one time under the plan. Many lenders set the credit limit on a home equity line by taking a percentage (say, 75 percent) of the home’s appraised value and subtracting from that the balance owed on the existing mortgage. If you are careful and use a home equity line of credit or second mortgage carefully, you will only benefit from it but if you default on a home equity line of credit or second mortgage, you could risk loosing your home. Many of those who used home equity line of credit or second mortgage recklessly are now finding themselves filing for bankruptcy. Most make the mistake of using home equity to pay of debts like medical and credit card bills. Medical and credit card bills are dischargeable debts, but defaulting on a home equity line of credit or second mortgage can result in foreclosure.

When you own a home and if the home has equity in it, it can be tempting to make use of the equity. Lenders will bombard you with advertisements exhorting you to do so. But once again, remember, if you are not careful, you could loose your home. The present foreclosure crisis has thrown many such homeowners out of their homes. The end to the present crisis seems to be a long way of.