Jay Buys Houses

Jay Buys Houses Buy, Sell and Rent Real Estate. We are a multi- service company who buys, repairs, manages and sells

12/29/2020

We can help, give us a call.

10/15/2020
It’s that simple!!
09/24/2020

It’s that simple!!

A little humor to start off your day, good morning y’all.
08/27/2020

A little humor to start off your day, good morning y’all.

5 WAYS TO STOP THE FORECLOSURE PROCESS1) Foreclosure Workout: Up until the time your home is scheduled for auction, most...
08/14/2020

5 WAYS TO STOP THE FORECLOSURE PROCESS

1) Foreclosure Workout:
Up until the time your home is scheduled for auction, most lenders would rather work out a compromise that would allow you to get back on track with your mortgage than take your home in a foreclosure.

2) Short Sale:
After your lender files an NOD but before they schedule an auction, if you get an offer from a buyer, you lender must consider it.

3) Bankruptcy:
Bankruptcy stops foreclosure dead in its tracks. Once you file a bankruptcy petition, federal law prohibits any debt collectors, including your mortgage lender, from continuing collection activities.

4) Deed in Lieu:
The homeowner facing foreclosure signs the deed to the home back over to the bank -- voluntarily. This sounds like it would be a great option, but actually has the same impact on a homeowner’s credit that foreclosure does.

5) Assumption/Lease-Option:
In a lease-option scenario, the buyer becomes your tenant, and you continue owning the property until the buyer has saved enough down payment money, improved their credit sufficiently or sold their other home.

:

Address

North Andover, MA
01845

Alerts

Be the first to know and let us send you an email when Jay Buys Houses posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Jay Buys Houses:

Share

Category