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://ift.tt/2hHPIF7 for the latest information.

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3 Life Hacks When Living On A Small Income | SellAnyHouse Dallas

Since the mass recession that started in December 2007 until June 2009, many families had to face a depressing financial struggle, even today. Many employees lost their jobs, families living month to month on a tight budget, and some have little to no money at all. This is especially true for one-income families where only one parent works.

“One of the most widely recognized indicators of a recession is higher unemployment rates. In December 2007, the national unemployment rate was 5.0 percent, and it had been at or below that rate for the previous 30 months. At the end of the recession, in June 2009, it was 9.5 percent. In the months after the recession, the unemployment rate peaked at 10.0 percent (in October 2009),” a statement taken from The Recession of 2007–2009 pdf presentation by the Bureau of Labor Statistics.

Even now it’s a difficult time for middle class families, with the growing demand of modern lifestyle, high-speed technology, and the seemingly growing need to dress up and live in style. Every movement involves money; money for the gas when driving to work or buying groceries, money for utility bills, for food, for children’s education, and so much more.

In Dallas, we buy houses to offer help to households that are struggling with their finances, and selling their house may be the only way to come up with the money needed to start over. There are more interesting finds about our speedy transaction at www.sellanyhouse.com.

But even with a tight budget, there are ways to make ends meet with a little comfort and ease. Take these life hacks and consider applying them the next time you plan on going out.

Find Free Local Events

If you are a fan of spending your free time or your weekends attending events like concerts, movies, art shows, or charity gatherings; then this means you are spending extra on things that aren’t vital in your everyday life. Attending free local events cuts down on your extra spending without missing out on important and entertaining events. Find them by reading the local newspaper or watching out for ads on social media.

You’ll be surprised by how many you can find by checking out these media outlets. There are annual and regular events that you can find in your locality which can satisfy your love for entertainment and social gathering.

Visit Local Museums Or Libraries

Museums are a good place to relax since these are places that are usually free, less crowded and with minimum noise. If learning is your thing, then this place is ideal to spend your free time without spending a lot. It can relax your mind and body, plus you are learning about culture and history.

And if you are a bookworm, visiting libraries can become an addictive hobby, especially if you need a change of scenery. It also offers free programs and events that may interest you.

Make Use of Local Parks

You really do not need to spend a lot on fitness facilities to get fit. Visit local parks and take your family with you. These parks often offer walking trails, bicycle trails, tennis courts, children’s playground, and many other equipment and facilities free of charge.

By taking advantage of local parks, you not only save a lot on unnecessary spending, you get to spend quality time with your family without a limit on time or activities the entire family can enjoy together. Visit this page for more helpful tips or check out our website: sellanyhouse.com/ for related tips on proper handling of finances.

Pulling Strings Together

When money is the problem, finding means to resolve the financial concerns can escalate to selling a house for cash in Dallas. This decision isn’t necessarily a bad case, however, it would mean the family needs to move away and relocate somewhere. This situation is truly heartbreaking. SellAnyHouse Dallas offers a speedy and hassle-free home selling transaction to all homeowners who wish to resolve their financial matters right away.

Whether it’s to relocate for a new job offer or to simply downsize to save money, we will take the responsibility off of your shoulder in exchange for a practical solution. Contact us today and talk with one of our real estate consultants. You may also visit http://sellanyhouse.com/ for more information.

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Pre-foreclosure | What Can It Do For The Owner And Potential Buyers

Home buyers are attracted to homes in pre-foreclosure because their selling value is often substantially lower than their market value. Aside from the fact that a buyer can buy the home at a discounted price, there is often little to no competition compared to multiple offers for other types of properties on the market.

Those properties are usually hot and crowd the popular listing sites. And because of lowered or discounted price, most buyers, especially those without experience, will choose cheaper mainstream houses without proper probing or thorough research. But before you get all excited to run out and snap up some great discounted properties, you need to know… the pre-foreclosure process isn’t as simple sounding as it is being advertised.

Why Houses Undergo Pre-Foreclosure

When a homeowner gets behind on several mortgage payments, the lender has the right to start the foreclosure process. It is not necessary for a foreclosure notice to be filed in public record, however, the notice of default will become a public record. Even with a default notice, the owner still has the option to make mortgage payments until such time that the payment becomes current.

However, if the homeowner remains in default without making any effort to bring the past due amount current, eventually the property will be foreclosed upon, and they get evicted. The house will be repossessed by the bank and will become a Real Estate Owned (REO) property.

Bank-owned houses offer great deals to home buyers because most banks want to sell repossessed properties right away. They’ve already spent so much on the foreclosure process, selling these properties as soon as possible will help them get back some of their investment, and do away with the hassle of maintaining the house.

Pre-Foreclosure vs. Short Sale

It”s a common misconception to say that pre-foreclosure is the same as a short sale. Although both include selling a home, there is a vast difference between these two.

“Pre-foreclosure means an owner is greater than 90 days late on payments and lender has started the foreclosure process with a notice of trustee sale. While in a default status, an owner often isn’t ready to sell and move,” says Kevin Sucher, a realtor at Prudential Northwest Properties in Portland, OR.

While Cathy Baumbusch, a realtor at Re/Max Allegiance explains that, “Short sales are listed by a broker. In a short sale, the seller may wait months to receive an answer from the bank, and the bank may end up saying no, but will likely get the opportunity to have an inspection.” Find the professional explanation here.

When the lender or bank agrees to sell the house for a lower price, taking a loss, the property can be listed for sale right away. However, not all sellers are behind on payments. Some would choose to sell their home fast in Houston to relocate or move into a new place more suitable to their lifestyle. So, not all short sales fall under pre-foreclosure. At SellAnyHouse, we cater to homeowners in need of a fast sale, especially those who do not want to lose their homes due to several missed payments.

How Should Buyers Choose

Now that we’ve laid out the clear difference between the two, buyers have the option to choose which type of house could give them a better discount with lesser risks.

Both foreclosures and short sales present home buyers with a unique opportunity. Not only are these properties often sold at a discount, but the buying process can be more streamlined since the owner or lender wants a quick resolution.

However, just as with any other home, it’s important for buyers to make sure their investment is worth it. This means having the property inspected by a professional home inspector, especially since the majority of foreclosed properties are sold “as is.”

For individuals looking to speed up the home buying process even further, property auctions provide a great way to purchase foreclosed and short sale properties in a very short time frame. Not only do auctions offer the certainty of a target sale date, they also provide a level of transparency and straightforwardness that can be missing in other forms of home buying.

On the other hand, there is a growing alternative method in the real estate market that doesn’t require hiring and paying for a realtor. SellAnyHouse.com, a home buying company, has been servicing the Houston community for years, offering a practical and speedy solution to anyone who wishes to get away from a sticky situation.

We buy houses in Houston, TX in exchange for a fair cash offer. Learn more about us today and don’t miss the opportunity in Houston to sell my house fast!

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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.

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7 Ways To Burglar-Proof Your Home In A Bad Neighborhood

Top Ways To Burglar-Proof Your Home In A Bad Neighborhood

You can never really tell if you’ve bought a house in the middle of a bad neighborhood unless you move in. When it turns out that your neighborhood has security issues, the first reaction is to worry about the safety of the entire family. A security breach in your home, the place where you should feel safe and secure, can traumatize the entire household.

Whether it is a simple burglary or a robbery with other ulterior motives, we should not allow any window of opportunity for perpetrators to invade our homes. Criminals look for easy targets and those with valuable possession. Whether you live in a peaceful community or in an area with rising crime rates, there are some best practices you can do to burglar-proof your home.

Of course an excellent deterrent is to install a house alarm throughout your entire house and surrounding property. But that can become very expensive to install AND can carry a hefty monthly subscription. We’ve put together some excellent less expensive – yet very effective – methods of protecting your family and your home from burglary and theft. SellAnyHouse Dallas also has more tips on how to stay safe in a bad neighborhood.

Install Motion-Sensor Lights

With a motion-sensor outdoor light, you will never have to worry about walking on a dim pathway, a dark backyard, or a busted lamp post in front of your house. Any movement within its covered radius will trigger it to turn on automatically.

And the best thing about these types of lights is that it scares burglars away. They wouldn’t want to be seen sneaking around your house. Find out which type is best for your home and install some right away.

Hide Spare Keys Somewhere Else

Spare keys are helpful and a lifesaver. Hiding them under the doormat, on the door frame, or under a potted plant makes it too easy for anyone to find it and enter the house without authorization. It would be best to leave the spare key to a trusted neighbor or a good friend who lives nearby. If this isn’t an option, hide it somewhere else around your house where no one could see you taking out the keys.

Neighborhood Watch Group

A community that works together to keep the peace and safety for everyone is a big help in keeping your house secured. Find out if there is an active neighborhood watch group and get involved. Help out and do your part as a member of the community.

Take Your Vacation Off Social Media

Vacationing with your family creates fun and memorable memories, and the threat of burglary shouldn’t stop you from going. However, you need to be cautious about what you post on Facebook, Instagram or other social media platforms. If possible, don’t post pictures right after taking them, and avoid naming the place where you are staying or any indicator of your current location.

Automatic Timers

Modern technology never fails to make our lives easier. If you need to stay away for a while or go on a trip, automatic timers are of great help. You can set a time for the lights to automatically turn on and off at night to create an illusion that the house is occupied.

When you do not have this functionality in your home, kindly ask a trusted neighbor or friend to light up the house for a few hours at night. Or read more about automatic timers for lights in this page.

Shave Off Some Shrubs

Tall, decorative hedges in your front lawn can provide more privacy. But this gives burglars a haven to conceal themselves when they are about to break in. Cut down some of those shrubs gives enough clearing so no one can hide in them without being noticed.

Cancel Automatic Mails And Subscriptions

Going paperless on your monthly bills helps you save more trees and doesn’t give away your long absence. Monthly mail and catalog/magazine/newspaper subscriptions attract thieves’ attention when they start to pile up in and around your mailbox. If possible, go paperless, or temporarily pause delivery (if you will be away for months). Or even ask your closest neighbor to pick them up for you while you are gone.

Protect Your Household

When there is an alarming rate of burglary and other forms of criminal activity in your community, it is only natural to feel unsafe. Real estate agents from SellAnyHouse Dallas have bought houses from homeowners who no longer feel safe in their own homes. We understand the weight these families have to shoulder because the peacefulness is slipping away.

Bad neighborhoods, bad tenants, undesirable locations, low home values – all these and more, we buy houses in Dallas from families in dire need of a fast and reliable process. If there is an urgency to get away from a bad neighborhood, talk to us and learn more about how we can buy houses in as fast as 5 days.

Visit the SellAnyHouse Dallas page anytime for helpful tips on the most common housing-related issues.

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Mortgage Terms You Must Avoid

Prior signing an agreement to fund the acquisition of your brand-new house, you should consider the terms included in the agreement. No one intends to end up with a poor mortgage later on. Find out ways to prevent a bad mortgage.

Staying Clear of A Risky Mortgage Agreement

By comprehending the agreement terms you can prevent any financial const raints that could cause financial problems for you. It is very important to recognize what to anticipate as well as find out the important things that the majority of lending institutions might not include in the agreement provision.

The 40-Year Fixed Mortgage

Homeowners will have another 10 years extra time to pay for the loan. The monthly rate is fix through the course of 40 years.

The negative aspects are:

- You could be paying much more on interest compared to the primary debt.

- Equity is slow-increasing due to the fact that many of the month-to-month charges go to interest.

- Not all lend ing institutions offer a 40-year set financing.

- Family members typically re-finance or sell their houses after a variety of years, consequently surrendering the objective of this strategy.

Adjustable Rate Mortgage

Adjustable Rate Mortgage (ARM) has a set interest rate for a brief first term varying from 6 months to 10 years prior before a change on the interest can be made. The preliminary interest is called a teaser rate, which is below a 15 or 30-year fixed loan. The rate then is readjusted regularly, could be annually or every 6 months.

The negative aspects:

- A reduced preliminary month-to-month payment might imply greater month-to-month fees after the change.

- The periodical change may be a worry if you intend to remain much longer.

- Interest could increase considerably.

Interest-Only Mortgage

With this repayment strategy, the house owner just pays the interest for the very first 5-10 years, which is helpful due to the fact that it is normally provides reduced regular monthly fees while interest is being settled. Many home owners that intend to live in the house for a much shorter amount of time see this as fantastic option.

The drawbacks:

- Greater month-to-month payment may be pricey after the interest is settled.

- Little to none equity makes re-financing difficult.

- You end up paying even more interest compared to a conventional mortgage.

These tips only apply to families that are about purchase a house with a mortgage loan. What if youre living in the house and dealing with a poor repayment strategy?

This is where SellAnyHouse.com could aid you. In Houston, we buy houses as-is, irregardless of its location or home value. We constantly consider the monetary problems every property owner is experiencing whenever they decide to sell their house fast in Houston.

Contact the most effective Houston sell house fast company that focuses on offering sensible real estate remedy prior to anything else. We provide assistance without requesting a closing or transaction fee. When you are prepared to sell, allow us to help!

How To Avoid Depression | Dealing With A Divorce

Marriage is bound by a contract. This is why the concept of splitting up is so mortifying. This unfavorable stage in marriage usually causes division of properties.

The psychological influence brought on by a divorce cannot be disregarded so easily. There are much healthier means to get over a divorce.

Acceptance

Do not blame yourself or put the blame on others. By accepting your part in the break up, y ou could pick yourself up, learn from it so you will not commit the same mistakes.

Allow yourself to feel the uncomfortable emotions - discomfort, unhappiness, anger, feeling betrayed and sorry. It is typical to really feel mad and hurt. But dont dwell so much on these feelings, rather, recognize them for what they are, recognize the events that led to the splitting up, and accept the circumstance for what it is.

Relax And Breathe

If you like sports and sporting activities, you could sign up in local marathons or thriathlons. You could take swimming lessons or begin painting. Rather than hiding, reconnect with old pals or see your family members more often. A new place view could help you think less of the divorce procedure.

Move On

Draw strength from your inner self to start fresh, to start your road to recovery. Take care of yourself, remain healthy in both spirit, body and mind. And then love yourself little more.

There Is No Faster way

It appears there is a need to sell Houston home fast from couples undergoing divorce. We recognize the necessity to sell the house quickly in Houston, as a result, we have actually formulated useful, straightforward, and accurately quick house purchasing techniques for a fast deal.

We buy houses in Houston to advertise a time-saving and also prompt procedure in marketing a home. We are a Houston home buyers investors, a group of property representatives prepared to react to anybody seeking a quick house sale.

If you desire to sell your house quickly in Houston, let us know right away!

Learn more here:https://www.sellanyhouse.com/we-buy-houses-houston/