Homeowners Being Forced To Give Up Houses To Banks In Newport News Have An Option

May 14, 2019
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Homeowners have no choice but to give up their houses when banks serve them a notice for sale of the real estate assets to recover their loans. Banks are never generous or lenient when they have to deal with defaults. Anyone who is unable to repay the mortgage has to endure hefty fines. The late payment charges can compound the financial problem. Homeowners in Newport News who have failed several mortgage repayments will be forced to give up ownership and their prized asset will be worth nothing for them. Banks will force a sale and recover the home loan amount along with interest. The homeowner does not get to reap any return on the investment, be it the initial down payment or the installments one has paid over the years.

Dependable Homebuyers has a proposition that effectively prevents homeowners from being forced to give up their houses to the banks in Newport News, Virginia. The real estate investment company is buying houses in distress. If a homeowner owes a substantial sum of money as unpaid mortgage and is unable to repay, then one can contact Evan Roberts and his team to initiate a quick sale. The We Buy Houses company can expedite the sale and ensure the owner gets relieved of the liability and has some return on the investment before the banks can initiate or complete the forced selling of the property. All banks are promptly responsive in such cases so a quick sale is necessary. Waiting for months is a nonstarter so the traditional way of selling a house does not offer much respite. Owners may lose their houses if they cannot find buyers immediately. No buyer is able to expedite the sale as fast as Dependable Homebuyers.

Selling any house is a long drawn process and there is stiff competition in the market. The market is not poised in favor of sellers. It is heavily in favor of buyers. It is for the buyers to compare the various houses listed for sale and then have to be genuinely interested in only one. The location of a house, the condition and its market value among other factors will influence the decision of a buyer. Homeowners are often compelled to spend money on repairs and renovations. There are compulsory expenses such as staging and inspection, appraisal and commission, closing cost and marketing. The expenditure is unaffordable for homeowners who are already struggling with their mortgage.

Dependable Homebuyers does not charge anything. Owners have no financial obligation. They can sell their house outright in any condition it is in right now and before the bank can take any action. Selling the house assures a return on the investment. The owner can repay the mortgage and still have a net profit. Even if a property is valued at less than what is owed to the bank, the proposition of Dependable Homebuyers ensures owners turned sellers have something to fall back on. If a bank takes away the house, then the homeowner loses ownership and a place to stay without any return whatsoever. Interested homeowners can read a recent press release they published at https://www.pressadvantage.com/story/27836-dependable-homebuyers-announces-it-s-buying-distressed-houses-in-newport-news.

SOURCE: Press Advantage [Link]

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About Dependable Homebuyers Newport News:

Dependable Homebuyers is a local home buying company in Newport News, VA. We buy houses in any condition and any situation. If you want to sell your house fast, give us a call at (757) 296-8067 and we’ll provide you a cash offer within 24 hours.

Contact Dependable Homebuyers Newport News:

Evan Roberts
75 Huxley Pl, Newport News, VA 23606
(757) 296-8067

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