Distressed property owners find themselves in challenging situations where their ability to maintain their homes and meet their financial obligations becomes strained.
These situations are often the result of one or more of these factors: job loss, death of a loved one and/or financial contributor to the household, a divorce, medical emergencies, natural disasters, or other unforeseen circumstances.
Distressed property owners often fall behind on their mortgage payments, property taxes, association dues, and other financial obligations. These things can ultimately lead to foreclosure or forced sale of the property.
Leaving the homeowner with nothing. Our team wants to help prevent that situation from happening.
Navigating all of this can be overwhelming. Worries about potential foreclosure, losing a home in an auction and legal actions and accruing legal fees lead to uncertainty about their future.
Many homeowners don’t know which way to turn. This can often lead to anxiety, fear, and worry. Many homeowners often feel embarrassed about their situation and don’t know who to turn to for the help they need.
At The Homeowner’s Agent we understand life happens and that people get into situations that can be difficult to rebound from. That's why we are here to listen and provide solutions for your unique situation. We know the step to reach out can often be a difficult one.
Distressed property owners face a variety of challenges that can include:
Mortgage Payment Default
This is the inability to meet mortgage payments. If this goes on too long it can trigger a foreclosure.
Delinquent Real Estate Taxes
Falling behind on property taxes can result in significant financial penalties and even lead to the possibility of losing the property through an auction or foreclosure.
Delinquent Homeowners Association (HOA) Dues
This can lead to legal action, liens, and even foreclosure in some cases. When there is no mortgage on a property an association foreclosure can occur quicker.
Property Condition
Distressed property owners often aren’t able to address the upkeep of their home due to already tight financial constraints. This can make it difficult to sell the property at a fair price.
Lack of Options
Homeowners may feel trapped with limited options, lack of funds to get help and not knowing how to navigate their way out of their current situation.
We’re More Than Just Realtors
We recognize that distressed property owners require specialized assistance that goes beyond traditional real estate services. We’re not only realtors, but we are also experienced investors who understand the complexities of distressed properties and the unique needs they face.
Our team is committed to providing creative and effective solutions that help distressed property owners not only retain their homes but also explore viable selling options.
We offer a range of creative options to distressed property owners. We recognize each homeowner's situation is unique, and we tailor our strategies to fit their specific needs.
How The Homeowners Agent Can Help:
Loan Modification
If you currently have a mortgage on your home we suggest reaching out to your current lender to explore loan modification.
HELOC (Home Equity Line of Credit)
A HELOC may assist. If a homeowner is applying for a HELOC they need to have a good credit score, a consistent income, and a certain level of equity in their property. Other factors that may also be considered are the current market value of the property and the homeowner's debt-to-income ratio.
Reverse Mortgage
To be eligible for a reverse mortgage, homeowners must be 62+ years old, the property must be their primary residence, and have a significant amount of equity in the home. The amount of funds available through a reverse mortgage is influenced by the homeowner's age, the property's value, type of property and current interest rates.
Short Sale Expertise
If selling the property becomes the most viable option, we can assist in short sales. This process allows homeowners to sell their property for less than the amount owed on the mortgage.
Foreclosure Avoidance Strategies
Our team can help distressed property owners navigate the complexities of foreclosure proceedings and explore alternatives to foreclosure, such as loan forbearance and repayment plans. We work with many attorneys who help homeowners.
Property Investment
We have a list of investors who have the capability to purchase properties, providing a quick and hassle-free solution for those who need to sell urgently.
Property Rehabilitation Assistance
Many times due to financial hardship homeowners don’t have the extra funds to fix issues with their home. We can provide guidance on cost-effective ways to improve its market value, making it more attractive to potential buyers and helping you get a better offer.
Legal and Financial Guidance
We collaborate with different attorneys who can provide legal advice, guidance and services for distressed property owners.
Tailored Solutions
We understand every situation is unique. Our team takes the time to assess each case individually, and provides solutions that are tailored to fit with the homeowner's goals and circumstances.
Empowering Distressed Property Owners
We want to empower distressed property owners by offering a range of solutions that cater to their specific needs.
Our expertise as both realtors and investors positions us as a unique resource for homeowners facing difficult situations. Whether the goal is to retain the property or secure a fair sale, our team is committed to guiding distressed property owners toward a more stable and positive future.
"I have dealt with many realtors over the years. But the experience I had working with Seana Abdelmajid and Katie Lemieux was absolutely exceptional. These two lady's are the nicest, professional, on time, dedicated, go getters, great talk to, honest, trustworthy, and the list goes on. I live in Arizona and had to sell my father's home who passed away in Florida. The home was in probate, the home also needed work done to it. I could not afford to do any repairs in order to sell the home. I knew with a little work I could make more money listing it than selling to an Investor.
Seana and Katie paid out of their pockets for work to get done on the home and agreed to get it back when the house sells. That alone blew my mind and it gave me a peace of mind as well, right then I knew that I had a team motivated to sell this home, and to help me through what needed to be done.
Thank you Seana and Katie, you are the best at what you do, and I will never forget what you have done for me and my family." ~ Jamila C.
If you are a distressed property owner, don't hesitate to reach out to us. Our team is here to provide support and solutions during these challenging times. Contact us today to schedule a consultation.
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Whether you want to buy, sell, or invest in residential real estate, just give us a call! You can count on The Homeowner's Agent to take care of you.
