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A Fast Home Sale Could Be Your Best Option.
A Fast Home Sale Could Be Your Best Option.

What Are Handyman Specials?

Distressed properties which require extensive repair are usually referred to as Handyman Specials. They are usually sold at very low prices since the buyer will have to spend much on repair and renovation. It is important you know exactly how much it would cost you to have the property fixed up to estimate your potential profit. You can do so by working with an experienced and professional contractor.

We sell your home sooner.

What are Fixer Upper Homes?

These distressed properties – as their name suggest – requires fixing up. Investors consider these properties as the perfect choice for flipping since they can be bought for a fraction of their market values. Obviously, you will have to order a thorough home inspection to determine how much it will cost you to repair the property. Once they have been repaired and renovated, they can be sold for considerable profit, which is why many real estate investors consider them gold mines.

We sell your home sooner.

What do I need to get started with distressed homes investing?

To get you started on your distressed homes investing, you will need to educate yourself about everything there is to know about properties in distress from buying to cashing in on your investment. Of course, you have to understand your success will be greatly dependent on finding the best deals.

Distressed Properties FAQs

Need to know more about Distressed Properties? This convenient overview can help.

How to invest in distressed properties?

The surprising part about distressed properties is the enormous potential for profit they hold. While the majority of buyers are seeking move-in ready properties, investors with time and resources to dedicate to major improvement can restore damaged properties to their former glory and full value to receive a substantial return. Investing in distressed homes is a compelling opportunity with massive rewards for the savvy investor. Refer to our "Guide in Investing in Distressed Properties" to find out more.

How to buy distressed properties?

Purchasing a distressed home is simple. The first step is to determine the stage of foreclosure in which the property resides to give you an idea of the required steps to buy it. Every stage of foreclosure requires a specific approach, and so information is invaluable to prospective investors. Learn more about intelligent investment strategies at our "How to Buy Distressed Properties" page.

How to choose distressed properties?

Getting the most out of your investment in a distressed property is essentially about obtaining the best possible value on a purchase and gaining maximum profit on the sale after the requires improvements are made. While there is certainly money to be made in fixing and selling homes, it's easy to throw money into a bad investment with inadequate information. Find out more about advanced buying strategies at the "Guide in Investing in Distressed Properties."

How to find distressed properties?

Finding distressed properties in your area is as easy as searching your own neighborhood or monitoring local classified ads. However, there is a much more efficient way to find these properties: through the suite of resources at DistressedPropertiesSale.com.

We provide an unbeatable selection of distressed properties for sale, including pre-foreclosure properties as well as homes foreclosed at auction and bank owned properties. You'll enjoy access to a full database of information on homes across the United States for a hassle free buying experience when you work with us.

we are here to buy your home fast

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When you call, we'll go over the details of your house with you. It won't take us long to put together the details and give you an offer
You dont't have to take it, you're not obligated to us for anything . But call to get our bid, we're extremely competitive and will get your home off
of your hands conveniently, so you don't have to worry anymore . Call us now for our offers!

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We are the BEST choice for buying almost any
Pottstown Pennsylvania Property Quickly.

 

Additional Materials:

Pottstown, Pennsylvania City Information

Pottstown FSBO Property - Sell Your Home Fast Articles

FSBO Sell Us Your Property Topics

FSBO Sell Us Your Pottstown Property Quickly Video

 

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Information for Pottstown, Pennsylvania

Pottstown , borough (town), Montgomery county, southeastern Pennsylvania, U.S., on the Schuylkill River, 37 miles (59 km) northwest of Philadelphia. The region's first iron forge (known as Pool) was erected there (1716) by Thomas Rutter, and the Coventry forge produced the first commercial steel in Pennsylvania in 1732. The town, laid out in 1753 by John Potts (an ironmaster whose father, Thomas, had been associated with Rutter), was known as Pottsgrove until 1815, when it was incorporated as a borough and the present name adopted. Arthur St. Clair lived there when he was elected president of the Continental Congress (1787). The iron industry had produced an economic boom by the 1880s.Pottsgrove Manor, Pottstown, Pennsylvania. Willjay Pottstown is now the trading centre for a farm, dairy, and industrial region with manufactures including auto parts, plastic products, and dies; food processing is also important. Pottsgrove Manor (1752) was used briefly as headquarters by George Washington during the winter of 1777 - 78. The Boyertown Museum of Historic Vehicles, which has a collection of antique automobiles, and a campus of Montgomery CountyCommunityCollege are also in Pottstown. To the southwest, Hopewell Furnace National Historic Site (established 1938) preserves a restored 19th-century iron-making plantation. French Creek State Park (adjacent to Hopewell Furnace), Augustus Lutheran Church (1743), and Ringing Rocks Park are also nearby. Pop. (2000) 21, 859; (2010) 22, 377.

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Pottstown - A Fast Home Sale Could Be Your Best Option. Articles

The one reality about today's housing market is that many people have more questions than answers. The following information is intended to help you or someone you know better understand your situation.
Do I Qualify For A Short Sale?

The qualifications for a short sale include any or all of the following:

Financial Hardship - There is a situation causing you to have trouble affording your mortgage.
Monthly Income Shortfall - You have more month than money. A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
Insolvency - The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.


What Is A Mortgage Modification?

A mortgage modification is a process through which your mortgage lender changes any or all of the following:

Your interest rate
Your principal balance (through a reduction)
Your loan terms (example: from an adjustable to a fixed rate)
This process can allow borrowers to stay in their property when they can no longer afford their current mortgage payments.


Why Would A Lender Modify My Mortgage?

Lenders have realized that in some cases it is better for them to work with current borrowers to lower payments or possibly improve terms in order to keep homeowners in their properties. The average foreclosure can cost a lender from 35-50% of the value of a property, so keeping borrowers in their homes is a good option for everyone.


What Do I Need To Qualify For A Mortgage Modification?

According to the Making Home Affordable Web site (http://MakingHomeAffordable.gov), you will need the following information for your lender to consider a modification:

Information about your first mortgage, such as your monthly mortgage statement
Information about any second mortgage or home equity line of credit on the house
Account balances and minimum monthly payments due on all of your credit cards
Account balances and monthly payments on all your other debts such as student loans and car loans
Your most recent income tax return
Information about your savings and other assets
Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources
If applicable, it may also be helpful to have a letter describing any circumstances that caused your income reduce or expenses to increase (job loss, divorce, illness, etc.)
How Do I Qualify For A Mortgage Modification?

The first call you make should be to your lender, have the information above ready to discuss with them and call your customer service line to ask them what options you have available. If the person you speak with does not understand what you are asking, you can ask to be referred to one of the following departments (different lenders have different names for these departments):

Loss Mitigation
Mortgage Modification
H.O.P.E.

Prior to contacting your mortgage lender you can quickly complete an eligibility test at http://MakingHomeAffordable.gov. This test will let you know if you are eligible for a modification through the government-sponsored Home Affordability and Stability Program (HASP).

For a list of mortgage lenders and servicers, visit www.HopeNow.com.

What Is A Home Affordable Refinance?

If Fannie Mae or Freddie Mac owns your mortgage, you may be eligible for a Home Affordable Refinance. This will allow you to refinance your home and often lower your payments.

What If I Don't Qualify, Can't Afford My Home, And Owe More Than It's Worth?

You are not alone and foreclosure is not the only option. If your mortgage lender or servicer will not work with you to reduce your payment, you may want to consider a short sale. Agents with the 'Certified Distressed Property Expert' Designation have undergone extensive training in how to process and negotiate short sales.

A short sale allows you to sell your home for less than what you owe and avoid foreclosure. Speak to your market expert to see if you may qualify.

What Are The Qualifications For A Home Affordable Refinance?

According to the resources released by the government, following are a list of qualifications:

You are the owner occupant of a one- to four-unit home
The loan on your property is owned or securitized by Fannie Mae or Freddie Mac (see Useful Links)
At the time you apply, you are current on your mortgage payments (you haven't been more than 30 days late on your mortgage payment in the last 12 months, or if you have had the loan for less than 12 months, you have never missed a payment)
You believe that the amount you owe on your first mortgage is about the same or slightly less than the current value of your house
You have income sufficient to support the new mortgage payments, and the refinance improves the long-term affordability or stability of your loan.



 


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Dont Let Your Unsold Home Rot On The Market A Fast Home Sale Could Be Your Best Option.

 

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Fast Cash Selling Your Home We Can Help You Get Your Home Off The Market Now.

 

Protecting Value On Your Home Real Estate: A Buyer's Market. (So Sell To Us.)

 

We Sell Your Home Sooner Your House Needs Work? No Problem.

 


This video reviews "FSBO Property in Pottstown"

 

 

We provide FSBO Property services for residents and companies.
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