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if i do a quick sale on my house, do i still owe the balance of the loan?

by: admin - February 2nd, 2012 Filed under: Questions & Answers 3 Comments

Question by : if i do a quick sale on my house, do i still owe the balance of the loan?

Best answer:

Answer by Carl P
Yes, so sell it for more then you owe – plus the cost of paperwork and settlement fees.

Add your own answer in the comments!

Tags: balance, House, Loan, Quick, Sale, still

Lastest Quick House Sale News

by: admin - January 17th, 2012 Filed under: News Add Comment

Trio of gun rights bills up for debate
According to the group's website, 62 percent of sellers still made the sale, a violation of federal law. The Kansas House bill, which Kelly said was modeled after a similar effort in Oklahoma, would turn the tables on such a sting, making it a felony …
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+ Tickets On Sale Jan 17
The official launch reveals Cosmic Opera's inaugural headliner (and partner in production) to be none other than Swedish House Mafia member and EDM icon, Axwell. Flanked by as-yet-unnamed supporting acts spanning a variety of genres, Axwell and Cosmic …
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Quality new homes are available throughout Surrey right now
These three-, four- and five-bedroom houses for sale are situated in the traditional market town of Horley, just 30 minutes by train to London, and on offer from £287995 to £538995. The glorious Weald countryside is just a short drive away, …
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No Reprieve in Sight for the Housing Market, Sell House Quick
With less people taking that first step on the housing ladder, sales are continuing to dwindle, and homeowners trying to sell house quick are at a huge disadvantage. The result is rising repossession threats, unpaid bills accumulating, …
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Tags: House, Lastest, News, Quick, Sale

Q&A: what happens to your credit on a quick sale of you house?

by: admin - January 1st, 2012 Filed under: Questions & Answers 2 Comments

Question by traannemurray: what happens to your credit on a quick sale of you house?

Best answer:

Answer by bobby
Nothing if all creditors are paid off. It is when you don’t pay a debt that your credit is ruined.

Give your answer to this question below!

Tags: Credit, happens, House, Quick, Sale

Q&A: Can anyone explain what a “quick sale” of a house is and how does it work?

by: admin - December 28th, 2011 Filed under: Questions & Answers 1 Comment

Question by pj: Can anyone explain what a “quick sale” of a house is and how does it work?

Best answer:

Answer by Donny
http://answers.google.com/answers/threadview?id=769390

The “quick sale” is generally used to pass real estate between family where there is NO contest as to what the contractual responsibilities would be between the parties.

What do you think? Answer below!

Tags: anyone, explain, House, Quick, Sale, work

Beverly Hills Real Estate – http://www.ChristopheChoo.com Take a quick tour on Sunset Blvd.

by: admin - December 8th, 2011 Filed under: Videos 31 Comments

Take a quick driving tour from Bel Air thru Holmby Hills and into Beverly Hills Real Estate – www.ChristopheChoo.com See some Beverly Hills Homes and some of the most expensive area for Los Angeles Homes. Drive by the home Michael Jackson was living in when he passed away.
Video Rating: 5 / 5

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Tags: Beverly, Blvd., Estate, Hills, http//www.ChristopheChoo.com, Quick, Real, Sunset, take, Tour

Has anyone sold their house with AQS (a quick sale)?

by: admin - November 30th, 2011 Filed under: Questions & Answers Add Comment

Question by Kevin James: Has anyone sold their house with AQS (a quick sale)?
we have a 2nd house and are wanting to sell it fast, there is a company that is called AQS (a quick sale) I know they offer about 30% lower than the market value, but I am wanting to know about peoples experiences with them. Any info would be greatly appreciated.

Best answer:

Answer by glenn
I don’t know them. But I have experience in watching people use similar companies. Most of them have done what they said they would do.

First- most owners think they have an idea what their home is worth- lets pretend that is 5,000
Second – the real current market value is often lower- leta pretend that is 0,000
These companies buy your home for a percentage of the current market value- not the percentage of what you think it is worth.

If they offer you ,000- I am saying that you could put it on the market for ,000 and firm- it would be common in my market that a home priced that low would often sell very quickly and after all costs you would net (in this example) about ,000 more than thru the quick sale company.

Notice- I am saying that whatever you think it is worth is often more than the real current market value. So you have to base all the real figures on the truth and not what you wish were true.

Give your answer to this question below!

Tags: anyone, House, Quick, Sale, sold, their

Q&A: I am trying to buy a house through the quick sale process, before it forecloses…?

by: admin - November 18th, 2011 Filed under: Questions & Answers 3 Comments

Question by sotomann: I am trying to buy a house through the quick sale process, before it forecloses…?
we already made an offer to the bank and it was accepted pending the owner signs a promissary note stating they would repay part of the monies due. It doesn’t look like the owners will sign, and it will go through the foreclosure process. What happens to my bid? Does it affect my bid when this forecloses, or is it just a technicallity? Bottom line, do I get the house?
This will be our house, not an investment.

Best answer:

Answer by photoguy1967
probably not,

you may be able to get in line first and get the home at auction.

What do you think? Answer below!

Tags: Before, forecloses..., House, process, Quick, Sale, Through, trying

Achieving a Quick House Sale

by: admin - October 15th, 2011 Filed under: Articles Add Comment

Achieving a Quick House Sale

Achieving a Quick House Sale

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Home Page > Finance > Real Estate > Achieving a Quick House Sale

Achieving a Quick House Sale

Posted: Mar 07, 2008 |Comments: 0
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There may be periods in a homeowner’s life when his or her personal circumstances change dramatically and it makes economic sense to sell the house as quickly as possible, thus releasing the capital that has built up in it. The reasons are many and varied and may include:

1. The breakdown of a relationship. Whether the partners in the house are married or not, there may be financial pressures caused by the breakdown of the relationship. One of the partners may have started another relationship, in which case they may require capital release in order to finance another mortgage or rental costs. Some of the Sell and Rent Back companies will buy the house very quickly, and rent it back to the remaining partner at a competitive rate.

2. The homeowner may have to move with his/her job, either within the UK or abroad. If this move is seen to be fairly permanent, then capital will be required to finance a new home in the new location. For those relocating or emigrating, some of the Sell and Rent Back companies will buy the house in as little as 14 (working) days.

3. If the homeowner has been in arrears with mortgage payments they could fear the prospect of having their home repossessed and see that a quick house sale would be a financially better alternative and enable them to avoid repossession.

4. Should one of the partners in a house die, the remaining partner’s income may be insufficient to cover the mortgage, then again, a quick house sale may be seen as a beneficial alternative to having the home repossessed.

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5. In a falling house market, to sell your house now may be a shrewd move. If financial experts project that house prices may fall 20%, then the homeowner could take the view that selling the house quickly, without Estate Agent’s or Auctioneer’s fees, for as close to its current value as possible, will reduce the capital loss. The house could then be rented back at a competitive rate until the market is viewed to have ‘bottomed out’.

The average level of personal debt is increasing, and a quick house sale may be seen as one way of paying off all debts in one go. This is especially useful if you suffer a reduction in income which is viewed as a temporary situation. To sell the house, pay off the debts and live in rented accommodation for a while may be a sensible strategy. Indeed, with many of the Sell to Stay companies, you can sell your house quickly and rent it back at a competitive rate.

There are many routes to achieving a quick house sale.

1. Estate Agents – Estate Agents will always tell you that they can sell houses very quickly. This may be true when the market is rising and there is a lot of competition for every house, but when prices flatten, or indeed fall, houses stick and your ‘quick sale’ may be lost.

2. Auction – Auctions are the ultimate vehicle to value a property. Any property is only worth what another will pay for it, and an auction with many interested parties in the room will produce the best market price for a property with a very quick sale.

3. However, anyone who goes to an auction will be expecting a bargain – they view the items that go to auction as being ‘on-offer’ and only there because they have failed to sell elsewhere. You may not get a good price at auction.

4. Sealed Bid – Requesting sealed bids is another good way of valuing a property. However, the process suffers from the same market pressures as the previous two. From the buyer’s point of view, putting in a sealed bid when the market is rising is a worrying process, as he/she doesn’t want to bid too low for fear of losing it. This can result in some extremely over-priced bids. On the other side of the coin, in a falling market the worry is that the buyer may bid too high and end up with a home in negative equity. This results in the seller receiving a number of disappointingly low bids.

5. Sell and Rent Back – Sell and Rent Back companies will buy your house very quickly – many of them promise to buy it within 14 (working) days. They will give you 80% or more of the value of your house – but that’s it! You don’t have to pay the Estate Agent or the Auctioneer, just your legal fees. Furthermore, many of the Sell and Rent Back companies will allow you to stay in your home and rent it back at a competitive rate.

So if you need a quick house sale, you must try to strike a balance between speed and the amount of money you will receive from the different methods of selling your property.

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Vincent Daw -
About the Author:

Vincent Daw is the owner of Sell2Stay, a Sell and Rent Back company offering services to UK homeowners looking avoid repossession or achieve a quick house sale.

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Q&A: what does it mean when someone does a quick sale on their house? How does it affect the bank/buyer..?

by: admin - October 9th, 2011 Filed under: Questions & Answers Add Comment

Question by April N: what does it mean when someone does a quick sale on their house? How does it affect the bank/buyer..?
ie. credit, future properties.

Best answer:

Answer by Ed Atun
A “short” sale is when the mortgage is 0,000 and the value of the house is 0,000. If you sold the house for what it is worth, you would be “short” ,000 of the amount needed to pay off the loan. If the bank approves a short-sale, the seller’s credit drops to 600 FICO score.

A sale by “Quit Claim” Deed means that one (or more) persons are giving up their interest in the house. In a divorce a husband might sign a Quit Claim deed to his ex-wife. Now the wife is the only owner. No effect on anyone’s credit.

What do you think? Answer below!

Tags: affect, bank/buyer.., House, mean, Quick, Sale, Someone, their

Lastest Quick House Sale News

by: admin - July 13th, 2011 Filed under: News Add Comment

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As a young girl walked through the crowd on Main Street with her parents Saturday night, her eyes lit up when she saw a table filled with handmade headbands and tutus.
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Tags: House, Lastest, News, Quick, Sale

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House Repossession Assistance

if i do a quick sale on my house, do i still owe the balance of the loan?

Lastest Quick House Sale News

Q&A: what happens to your credit on a quick sale of you house?

Q&A: Can anyone explain what a “quick sale” of a house is and how does it work?

Beverly Hills Real Estate – http://www.ChristopheChoo.com Take a quick tour on Sunset Blvd.

Has anyone sold their house with AQS (a quick sale)?

Q&A: I am trying to buy a house through the quick sale process, before it forecloses…?

Achieving a Quick House Sale

Q&A: what does it mean when someone does a quick sale on their house? How does it affect the bank/buyer..?

Lastest Quick House Sale News

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