Buy My Home FastFast Solutions for Selling Your Home

Question by J-lynn: I’m about to sell my house in New Orleans, and I have a question…?
I have property in New Orleans that has a house (which has been gutted) on it. This property was affected due to hurricane Katrina. I’m not if that has any relevance to what I’m about to ask, but just wanted to mention it, because it has relevance in the reasoning of why I am selling it for such a cheap price.

I was contacted by a contractor who is willing to buy it from me. He is offering me much less than what the property/dwelling is worth. I am going to take his offer because honestly at this point, I just want it out of my hands. I own the property out right. I paid off my mortgage two years ago and there is no lien on the property.

Here is my question- he has been handling everything and says that my husband and I just need to show up to sign paperwork next tuesday. He says we are going to do a “quick sale” and that he will pay us right then and there with cash. (I’m assuming he means a cashier’s check and not literally cash) This whole process has taken only about two weeks. I’m starting to get concerned that maybe I’m missing something? I’m anxious to get this over with and I’m sure he knows that. I just don’t want to be taken advantge of even more so than I already am by accepting less than what the property is worth…
Is there anything I should know going into this?
What exactly is a “quick sale”?

Best answer:

Answer by kemperk
a; he means cash [bad idea--no paper trail]
b; a quick sale is a bank sale–not applicable in your case
c; he probably intends to FLIP it–he probably has someone else ready to pay him a 15+ profit.
[good for him.]

d; I would do none of this without using a title firm and if your state does not use
a title company to “close escrow,” I would hire a RE atty. It will be worth it.

e; I do not trust your buyer with a 15 ft pole.

LET a contractor handle NONE of the affairs. They are skilled at building and repairing
not in helping buy or sell RE.

HE might even be violating one or more state laws in TRYING TO Rep your interests
which is called DUAL AGENCY–when he can’t offer ANY agency without a license
for REAL ESTATE.

be very polite and hire an ATTY TODAY!

do not tell him that yet. LET the atty call him —or when you are pleased with the ATTY
skills/attitude, have the guy meet you at the atty’s office…….or have the atty
go with you to the contractor’s office.

Available to guide you further

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Question by My Bad: Foreclosure Credit Report Question?
Hi,
I had a foreclosure about 2 years ago. The process was completed about a year after it started and I received documentation from a lawyer that it had been put up for auction. Every month I am still getting new postings of RF “Repossession/Foreclosure” on my credit report for the current month. Shouldn’t this have stopped when the foreclosure process was completed and if so how do I stop them/remove the new posts on my credit report?

Thanks.

Best answer:

Answer by SPIFIMAN1
Per the Fair Credit Reporting Act Derogatory accounts show for 7-years from the date of first delinquency which works out to 7-years and 180-days so since this information is correct it will continue to show until this time line expires.

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Question by Stephanie P: Quick question about the book “A Doll’s House”?
I know Krogstad has children, but does he have a wife? I read in a character analysis somewere that he doesn’t but I don’t remember this. Anybody know?

Best answer:

Answer by Claire
Krogstad did hav a wife, i think she died

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Question by borrowerhotline: CA. Foreclosure question! What is the lenders “Power of Sale”?
Knowledge is often the best means to verify qualifications. There are a lot of “stop foreclosure” company’s willing to help people. Good or bad intentions are unknown. If the public will ask a few key questions they can usually tell right away if the source is legitimate or a predator. So here is one I think is very important to know regarding foreclosure.. . take a shot!

Best answer:

Answer by LadyCatherine
The power of sale can often be the fairest, most inexpensive method to deal with an unpleasant financial circumstance. It allows the mortgagee/lending institution to retrieve only what it is entitled to and no more. If there is a surplus, then the owner/mortgagor will benefit. The power of sale does represent certain complexities, particularly in terms of gaining possession and the obligation of the mortgagee to obtain the best possible value

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I’m thinking of getting into home staging for a business out here in Vegas- any feedback as to firsthand knowledge of the need and possible success of this business? Home staging is widely used on the east coast, but doesn’t seem to be known here. In this economy and with all the homes for sale, I figure the odds of getting work are higher if the value of staging is understood by the seller (many sellers do not want to lower their asking price and hence need to do something/everything to get the top dollar they’re asking for) (Home staging is, in a nutshell, basically decluttering/reorganizing/depersonalizing a home to create a picturesque atmosphere in order to get prospective buyers to feel like it could be their home, therefore bringing in top dollar for home sales to sellers and selling their home faster.)
Your intelligent thoughts/foresight are appreciated. Please reference your field of work/study in your reply also.
Thanks!!

we want to buy a home thats in short sale. how long do these usually take , any tips on them going thru faster. we want to ask for the bank not to accept any offers during the approval time.

Sales tax question remains unsolved
House Democrats still don’t want to raise the sales tax, despite the efforts of state senators.

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