The following are just some examples of situations where we get involved to buy your property. Remember, we will work towards making the situation a win-win solution for both of us.
Non-performing mortgage notes - We buy non-performing, residential mortgage notes in second position nationwide.
In the state of New Jersey, we can get involved with the following situations:
- Pre-foreclosure/Foreclosure - Whatever you do, please act fast so that you don't loose your property! You have options, work out at least the following alternatives:
- Talk to your lender and work out a forbearance plan - this is a must! Talk to lender before even thinking about any other option.
- Start looking for loans - be careful of predatory lenders! Before taking on a new loan, make sure you have the ability to pay.
- Try to sell it yourself or via a Realtor
- File for bankruptcy - beware of this option! It is not as easy as some people may think. Don't think that the banks are going to loose their money just like that. These days banks can find ways to kick you out of the house and sell it to limit their losses, even under bankruptcy.
- Do nothing - and you loose your property at auction. You not only loose your property, but also loose your credit
- Sell it to me - in many cases we may be able to work out a transition plan that is convenient to you and your family.
- House in need of repairs - maybe it came to the point that the house need more repairs than you are willing or able to do. Some examples are:
- Fire/water damage
- Code enforcement
- Lack of maintenance/upkeep
- Just outdated
- Tried selling your house before, but did not find a buyer - even though everybody says that Real Estate is hot these days, you may be surprised to find out that it is easier said than done.
- Tired of being a landlord - as in any business landlording requires, among other things, discipline, tenacity, perseverance, and capital. It is even more difficult if you are trying to do landlording from out of state.
- Estate/Probate/Inheritance - In many cases the heirs are out-of-state and don't want to keep the property.
- Bankruptcy - Bankruptcy will NOT circumvent foreclosure, it may just delay it.
- Divorce - I know, speed is the name of the game here. You just want to get your share and get it over with.
- Buildable lot - a piece of land that you are no longer interested in keeping.
These are just a few examples of situations where we can get involved and help your case. In any case, if you have a property that you want to get rid off, but does not fall under any of the examples above, just give us a call and gladly we will evaluate the situation.