Negative Equity | 3 Ways To Recover From A Difficult Situation

Having negative equity in your house is a nightmare coming to life. It doesn’t just drag down the value of your property, it also affects your overall financial standing. The equity becomes negative when the mortgage still owed is bigger than the actual value of the house.

This lessens your chances of getting a good sale price for the property when it is time to relocate to secure a more stable employment or if you don’t plan on staying longer in your current home. This is considered a common situation for most homeowners across the country due to factors that may be out of their control.

According to the report made by realtytrac.com, “Nationwide 6.7 million properties representing 12 percent of all properties with a mortgage were seriously underwater at the end of the first quarter of 2016 – down 600,000 from a year ago and cut nearly in half from the peak of nearly 13 million in the second quarter of 2012. Despite home prices rising 47 percent since bottoming out in February 2012, some homeowners are still waiting for the home price tide to lift them back to home equity dry land. Here are the top seven reasons homeowners are still underwater based in our big data analysis of 56 million U.S. properties with a mortgage.”

3 Ways To Pull Up Your Equity

With the reality of this matter that affects a lot of households, both the government and financial experts and agencies have laid out ways to help pull up and improve home equity.

Refinancing Your Mortgage

When you struggle with the mortgage payments on your home, the greatest fear is losing your home to foreclosure. Refinancing could help lower the monthly due and provide some form of relief, but most lenders aren’t open to refinancing a property with negative equity. There are other related blogs in sellanyhouse.com.

There is a government program that enables some homeowners to refinances their house that has negative equity. The Home Affordable Refinance Program (HARP) may grant homeowners a loan to refinance to a more affordable payment. The homeowners must file an application to HARP to avail of the program and the loan must be underwritten by a lending team.

Move Out, Rent It Out

Families are eager to buy a house especially if it gives them extra space and room to move around. Since the option to sell house fast in Los Angeles isn’t available to properties with negative equity, one workaround is to rent it out and move into a new house. By renting out the property, it can pay for itself.

But renting a house isn’t simple and doable in one day, especially if you do not have an experience in being a landlord. You need to conduct thorough research on the matter and talk to an experienced landlord for advice and guidance.

Reduce Your Debt

This is probably the most basic and practical solution to increase your home’s equity. Slowly but consistently, pay off the debt you owe. One of the best ways to pay down your mortgage is to pay more than your monthly payment each month. When you do so, all that extra money goes directly towards paying down the principle loan, not to interest. If you have savings you can use to pay off some of the mortgage dues, take a portion of it and lower the debt. Some lenders may allow you to pay off up to 10% without penalty, and smaller repayments are deemed helpful. Contact your lender to make sure.

Consider Outside Help

SellAnyHouse LA is a home buying company dedicated to help homeowners who are struggling with their finances. We buy houses in Los Angeles from families facing common housing issues, even the most serious and difficult matters. Whether it is a house underwater or with negative equity, we find ways to help alleviate the situation. Check out what other housing problems we can help you with by visiting our recent news article at from www.sellanyhouse.com.

We also provide free in-house consultations to those who want to learn more about our fast and hassle-free transactions. We have a team of real estate consultants willing to impart their knowledge and expertise in the real estate market. If you need help, don’t hesitate to contact us! We are happy to help!

Also, check out http://sellanyhouse.com/ for the latest information.

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Top 4 Ways To Turn Your House Into A Profitable Asset

Your house is your fortress. It’s where you keep your army of children, your weapons of comfort living, your sanctuary in the buzzing city, and the trophy of all your hard work. For many, it is the biggest investment one could ever own in their lives.

However, like most homeowners in the country, a house is a liability as well. A big chunk of our paycheck goes to the mortgage, a monthly financial obligation that doesn’t have room for missed payments, or else the bank will it take away. And despite the large amount being invested in the property, it doesn’t generate income or cover for the expenditure itself.

A Self-Sufficient, Income-Generating Home

Unfortunate cases with such endings as a bad mortgage, recent job loss, or family business closing all can result in the need to liquidate assets. This, in turn, could lead to families needing to sell their house fast in Los Angeles. With this growing need,  SellAnyHouse LA has come up with realistic and practical solutions to address some of the most common financial problems’ causes.

But before we dig further into the benefits of a fast home sale, first let’s look at the top ways to turn your house from a liability into a profitable asset:

Rental Gains

One of the best ways to profit from your own home is to rent out a portion that is unoccupied, unused, or any extra space that can be useful to people who might need a small workplace. The basement is one good example. By creating a separate entrance to the basement, you can rent it out as a storage place, a work studio for artists, or a music studio for aspiring musicians (although, you may have to invest on soundproofing the basement to keep the noise down).

Grow Your Own Food

There is no limit to where your imagination can take you. Having a spacious backyard can work to your advantage. Try converting it into a small produce farm, grow fruits and vegetables. This way, you can feed your family with healthy food while saving on your groceries. Additionally, you can sell some of the produce in the local market.

Start A Small Business

Online selling is rampant nowadays due to the massive use of modern technology and the internet. If there is an artist in you and you have a pile of artworks and paintings hidden in your storage room, sell them online. Start selling children’s clothing if you have the knack for designing and sewing clothes for toddlers. Or you can purchase clothes in bulk and start up your online store.

Drop shipping is also a good alternative. It is a supply chain management method in which the seller does not keep goods in stock. The seller transfers customer orders and shipment details to either the wholesaler or another retailer, who ships the goods directly to the customer. Learn more about this process here.

The Good Old Yard Sale

Got unused clothes, furniture, and appliances getting dust somewhere in your house? Well, sell them off through a yard sale. This is a good way to earn extra income to pay off some of your liabilities while freeing up space in your house. You can also work with your neighbors and organize a group yard sale within your community. You aren’t just helping yourself, but your neighbors as well.

There are other means of generating extra income if you have the resources. Check out the other blogs at www.sellanyhouse.com.

It Doesn’t Have To End With Not Having Any Money

Although money is a problem when the expenditures exceed your earnings, life doesn’t have to end there. There are more ways to convert your house into a profitable asset. Check this guide article for more helpful ideas.

But what if you have tried several ways to help pay off the mortgage yet you’re still struggling with your finances? How will you be able to turn it into a profitable asset? Sell Any House has a simple solution for you. We buy houses in California from homeowners in need of a rush sale. If you need the money, you wouldn’t have to wait for weeks to get it, you can have it in as little as 5 days! It’s easy, fast, and free!

Let us know if this offer sounds like the solution you have been searching for.

The post Top 4 Ways To Turn Your House Into A Profitable Asset appeared first on We Buy Houses In Los Angeles, CA | SellAnyHouse.com.

Top 5 Ways To Handle Your Medical Bills

In severe situations, the patient recovers well from being hospitalized but not from the whopping medical bill which wont vanish unless paid up to the last cent. Borrowing easy money from lending firm may not be the best idea.

Just how else can you swim far from this sinking ship? Some are compelled to sell house fast in Los Angeles to settle the clinical expenses plus the monthly financial obligations and bills continuously come till eventually, they find themselves sinking deep in the mud.

What Are Your Options?

It can become anybodys hardship, medical bills that are all over the place. Once they accumulate, getting up-to-date with what is due and current will mostly likely get you in trouble. No wants to end up selling a house to pay off a debt. How should you handle the bills without having to turn to a we buy houses Los Angeles company?

Discounts

If you qualify for a discounted price, take advantage of it. When your health care provider offers a 20% discount on a few of your laboratory examinations if your pay upfront, dont let the chance pass if you have the money.

Charity Care Program.

Both federal government and non-government companies have programs that help any person that can not pay for a pricey treatment or those that are underinsured and uninsured. Find out the charity care program nearest you for any medical assistance.

Understand The Procedure.

By recognizing just what procedure you will be undertaking you can request for a price quote a get an idea of the probable expenses, or research on your own so you can start comparing the prices. By doing so you could conveniently identify abnormalities, if there are any.

Revisit Your Insurance Policy

It takes perseverance to check out every word in your insurance plan, yet it will certainly assist you manage your clinical expenses. Familiar yourself with terms such as Deductibles (the quantity you pay prior to the insurance policy coverage), Co-insurance (a portion you need to spend for a particular kind of treatment), or In Network (clinics/hospitals covered by your insurance policy).

When Medical Bills Becomes Too Expensive

Trading your the home to pay medical bills is not a very easy choice, however SellAnyHouse Dallas has formulated solutions to help alleviate some of the most difficult financial situations. We have quicker means to come up with the money needed to pay off the mountainous clinical bills

Talk to our Rapid Real Estate Buyer Team to examine your house and offer you a reasonable market deal. All the preparation needed to beautify the house and fix the structural and design flaws, our team will handle all that. We buy houses in Los Angeles to simply help families that need one.

Talk to us now and lets get started!

Sell My House Due To A Death Of A Loved One

Moving on after a member of the family has passed away doesnt have a step by step guide. It is a process each family must face together to cope with the death of a loved one. Some families may take a vacation to lessen the grief, some go on with their every day life to take their mind off the loss, while some prefer to move away either for a little while or permanently to cope up.

At this difficult time, leaving your house for good can immensely help the family, and in this difficult time selling the house fast is vital. Sell Any House is an expert in handling houses that are in need of a fast sale. We have been in the real estate business for years, we have accumulated the skills and the experience that has prepared us to help families on their way to recover from a death of a loved one.

If you are in need of a speedy process, then allow us to guide your through letting go of your property in as little as 5 days. We respond fast, we provide action just as fast. Take advantage of our fair cash offer and move on with your life. Contact us today!

Its never easy to deal with the death of a loved one, and sometimes selling a house can help you move on, learn about how we buy houses California by visiting our website:https://www.sellanyhouse.com

Sell My House Fast Due To Low Home Value

The real estate value in my area dropped because of a newly opened dumpsite near the town boundary.

A fault line was discovered last month near my backyard now my mortgage is bigger than my homes worth!

Economic development isnt reaching my community, land value in my area significantly dropped!

Has the home value in your neighborhood dropped as well? Are you looking at paying more on the equity and mortgage than what your property is truly worth?

Getting stuck in this situation downgrades not just the home value of your house but your overall assets as well. Moving to a better community might be the best recourse at this point.

When in need of a fast house sale, Sell Any House offers the most reliable and hassle-free transaction. With experts on the real estate market backing up the team, there is not a single housing problem we can not fix.

Youll be surprised at how much convenience our systematic approach can give you. Grab the opportunity and contact us!

Interested in learning more about how We Buy Houses Los Angeles CA? SellAnyHouse LA is a great resource for information on all things buying/selling homes. Be sure to visit our website :https://www.sellanyhouse.com

SellAnyHouse LA Needs Real Estate Agents

Sell Any House Is In Need Of Outside Sales Representatives

Sell  Any House  is  a  leading  innovator  in  providing  simple,  stress-free,  and  fast house selling process for many homeowners anywhere in Dallas, Houston, NYC, and  L.A.  With  the  growing  number  of  areas  to  cover  and  property  owners  to serve,  Sell  Any  House  is  in  need  of  an  Outside  Sales  Representative  to  help establish better client relationship and encourage repeat business.

Primary Responsibilities

An  Outside  Sales  Rep  is  responsible  for  surveying  areas  of  interest,  gather information to help build potential client list, discuss company offers to clients, educate  potential  client  about  the  process,  encourage  new  clients  to  use  the company service, and promote and preserve the company image.  

Work Environment

Outside  Sales  Reps  works  both  in  the  office  and  on  the  field.  They  set  up appointments  after  clients  make  initial  contact,  and  meet  with  clients  on  the appointed date, time, and place.  

Employment Benefits

This  is  a  full  time  position.  Average  salary  for  a  sales  representative  and commission  for  every  sale  are  included  in  the  employee  benefits.  More  on benefits will be discussed upon hire.   

About the Company

Sell  Any  House  is  a  team  of  real  estate  investors  working  together  to  help property owners who are struggling with an unwanted house or a property that they  no  longer  need.  The  company  offers  realistic  solutions  and  practical methods to make home selling a smooth and convenient experience.

Learn more about SellAnyHouse LA by visiting this link: https://www.sellanyhouse.com/we-buy-houses-los-angeles/.

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We Buy Houses That Need Repairs

The blog we recently put up will serve as guide when your houses needs repairs. We prepared a video presentation that best represents the blog message.

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Living Life After Bankruptcy | We Buy Houses LA

Going through a bankruptcy case is probably the most challenging financial situation one could be facing at a time where money could mean everything and anything. The credit score will plummet down, with nothing to stop it or slow it down. And the bankruptcy case will stay on your credit report for 10 long years.

For a period of time, it may be difficult to get a loan or apply for a new credit card. Lenders may see this as a threat since one has managed to legally write off some of the past debts. It is a dark time but it doesn’t mean no light of hope will come shimmering in the hopelessness of the situation.

“Bankruptcy filings are continuing to decline, with fewer than 800,000 people filing in federal courts last year. Although 800,000 seems like a lot, it pales in comparison to the height of the economic collapse in September 2010, which saw nearly double the number of filings, according to statistics released by the Administrative Office of the U.S. Courts,” – an excerpt from the article posted on the National Bankruptcy Forum site.

Life Doesn’t End After Owing So Much Debt

Rebuilding your credit score is a priority after the bankruptcy case is discharged. We buy houses LA from households still dealing with bankruptcy, bad credit score, lien, or bad mortgage. Recover from the situation by taking slow but consistent steps that could help your smooth out your credit score.

Reflect On The Situation

First action step is not to stay in one place, which also means not to get stuck on the problem. You’re bankrupt now with an ugly credit score, that’s a fact. But it doesn’t mean it will be the same for the rest of your life. Start asking yourself important questions.

How did you get into the situation? What financial management system did you use that put you through so much debt? With the experience, what have you learned? By finding answers to these questions you’ll be able to reorganize your lifestyle and adjust your spending habits.

Create Realistic Budget Plan

Be extra vigilant about your spending from now on. You will be living with a smaller budget with little financial options at the start of your recovery. With utmost control over the money you have, managing your cash flow will help prevent more debt from piling up.

By knowing how much you have up to the last cent, you’ll try to live below your means and avoid spending excessively and impractically. Including a small amount of savings is another step to recovery. Experts also recommend having an emergency fund for future emergencies or unexpected events.

New Credit

Well, applying for a new credit card won’t be easy, but still, not impossible. There may be banks that would refuse to lend you money right after finding out about the bankruptcy case, though not all lenders follow the same policy. There are credit lenders who are willing to help financially challenged individuals gain back their score.

“A secured card is different from a prepaid debit card. With a secured card, your deposit serves as a backup in case you don’t pay your bill. With prepaid debit, the money you “load” onto the card is used to pay for your purchases. Prepaid debit cards do not help you build credit,” – a valuable Nerd Tip by Kevin Cash.

Recovering from bankruptcy is a tedious process, however, once you fully recover from it, you will be good as new. You wouldn’t have to resort to sell my house fast Los Angeles or hide away because of shame anymore. Anyone can rise up from a downfall with the right means and proper guidance.

SellAnyHouse LA is a home buying company serving Los Angeles residents by providing alternative solutions to their most difficult housing and financial issues. We buy houses LA regardless of the reason for selling or in whatever condition the property is in. If you wish to break away and have a change of scenery, sell your house to us. It will be simple, painless, and fast!

The post Living Life After Bankruptcy | We Buy Houses LA appeared first on We Buy Houses In Los Angeles, CA | SellAnyHouse.com.

Avoid Bad Mortgages | Which Lender Has The Lowest Rates?

Many American homeowners have moved from one place to another in the span of five to ten years, often due to reasons that are either financially-driven or a career advancement decision (which are also usually financially-driven). In California, families who move often have chosen to sell my house fast Los Angeles and found it less of a hassle.

And some had hoped that finding a new house, making the offer, communicating, and negotiating with a realtor or home seller would only take about a week to complete. But this is the just one phase of the process. Another phase, one which determines if the house being purchased is worth the time and money, is finding a lender with the best mortgage for you.

“As for mortgage rates, who knows? They were low throughout 2016, spiked higher after the election, but are still low by historical standards. They could remain low in 2017, or rise. There’s still not a lot of room for them to fall.” – Holden Lewis said in his 2017 house buying tips.

We won’t be dwelling on more predictions today, instead, we will be talking about the incredibly simple tips to finding the best lender with the lowest mortgage rates, to protect yourself from ending up with a bad mortgage loan.

How To Find The Best Lender With The Best Rates

Rate Comparison

When you are looking for the best rate, take into consideration the list of lenders your realtor, friends, and family recommend.  Finding the best mortgage plan can be a complicated process especially if you’re a first time buyer. Your realtor can be a great help in this area, since they work with many mortgage companies on a daily basis.

Invest In Down Payment

Saving up for the down payment is the first step to avoiding a bad mortgage. If you can save enough, then you have a greater selection of reputable lenders to choose from. And generally with a bigger deposi, these companies would offer lower interest rates on your monthly mortgage… which in turn leads to a lower monthly payment.

A higher deposit could also mean saving on the mortgage insurance, which is common when the down payment is lower the usual percentage. Here’s a helpful rate tool you can use to aid your search.

Credit Score Improvement

This one is easy to figure out. With a better looking credit score, more lenders will willingly offer you their better interest rates. These financial companies are more than happy to help those with higher credit scores. The higher the score, the better options available to you.

Occupancy Period

Your length of stay in the property must be taken into consideration as well. If you are looking at staying for more than ten years, then a long-term repayment plans will work best for you. However, if you plan to stay for just a couple of years, consider looking into adjustable rate mortgages (ARM).

With ARM, the interest rates are considerably lower but the repayment terms can become quite catchy and complicated. SellAnyHouse LA has seen households deal with ARMs that caused agitation when the repayment terms changed to offset the initial lowered rate. When we buy houses in Los Angeles CA, we don’t turn our backs from properties with complicated mortgage terms or extensive repairs.

When You’re Ready To Sell Your LA House

Once you find the right mortgage company to finance your loan, contact SellAnyHouse LA for additional assistance. With our speedy process, we can complete the sale of your current property in as little as 5 days. In turn you’ll get a fair all cash offer, which will be deposited right straight to your bank.

Proceed with sell my house fast Los Angeles with the assistance from one of our real estate consultants. We’re happy to help you move on!

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We Buy Houses That Need Repairs

When we write a blog post about how to sell house fast in LA, we make lots of media. A presentation is the base for our post and allows us to think creatively. Here is that post in presentation format.

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