In this post, we talk about some of the desperate homeowners that we at Better Off Home Buyers were able to help by purchasing their rental homes. Many small landlords are struggling because of COVID-19 hardship. We are offering to buy their properties with tenants or empty.
When the calendar is getting close to the end of 2020. So is for the eviction and the forbearance plans. Small landlords are suffering the pandemic hardship. Hundreds of tenants are under the CARES Act protection, and landlords could be at the edged of their financial abyss.
In this post, we discuss the vulnerability of the non-backed mortgage forbearance. Many independent landlords or homeowners without federal protection under the CARES Act are at a high risk of losing their properties.
Continuamente, recibimos llamadas telefónicas y correos electrónicos de dueños de casa desesperados y pequeños arrendadores que necesitan vender sus propiedades. Muchos de ellos simplemente han dejado de ser propietarios. Las regulaciones federales y del estado de Oregon no están ayudando a los propietarios de viviendas en esta crisis causada por el coronavirus. Para muchos, la solución es vender sus viviendas de alquiler o sus residenciales.
Continually, we are receiving phone calls and emails from desperate homeowners and independent landlords in need of selling their properties. Many of them just gave up being a landlord. Oregon and federal regulations are not helping homeowners in this pandemic crisis. For many, the best solution is to sell their rental or residential homes.
Drastic problems require drastic solutions. Every day at Better Off Home Buyers, we received emails and phone calls from homeowners struggling to meet their obligations. Some homeowners at the end of the forbearance period, are getting rejected by their banks when they ask for an accessible repayment plan. Under this situation, selling the house may be the solution!
We are showing the process of purchasing properties we have implemented in Portland. We buy all sorts of houses. We pay in cash. A normal house purchasing closing is 7 days, sometimes it takes 2 days, but it always depends on the process itself.
Many homeowners that have contacted our office, expressed their intention and reasons for why they want to sell their home in Portland. In this post, we are pointing out 5 of those reasons.
In this post, we express frustration and fear that individual homeowners live in Portland and throughout the state of Oregon. Many tenants have stopped paying their rent and this puts landlords at risk of losing their rental homes. Federal and state government regulations protect tenants but have left individual homeowners adrift, who fear they won’t be able to meet their mortgage commitments before the economy returns to normal. Banks are doing the bare minimum required by law to help homeowners and will ultimately be the ones to get most of the pie when moratorium regulations end.
In this post, we are writing about some of our client’s concerns in regards to the forbearance plans for federally-backed and conventional loans. Selling your house in forbearance and selling your rental house with tenants.
In this post, we present three different situations that our clients are experiencing. The COVID-19 epidemic is damaging to Portland and the United States. Many homeowners and small landlords with non-federally backed home loans are helpless prey in a jungle infested with unscrupulous hungry bankers and moneylenders.
In this post, we review some important aspects of a home seller must have on account when he needs or wants to sell his house. In most cases, a seller carries the house sale burden part, expending excessive amounts of money, money that he may save if sells his property to Better Off Home Buyers.
In this post, we discuss the distress small landlords are having today in Portland and across the country. Mom-and-Pop landlords without federally backed mortgage loans are hand tighted for the federal and Oregon’s regulations in favor of tenants.
In this post, we discuss the situation that individual homeowners with a non-federally backed mortgage (conventional loan) go through. Single-home tenants suffering from the hardships of the coronavirus as a domino effect are bringing down individual homeowners. Millions of Americans living check by check are the most vulnerable during the coronavirus pandemic.
The CARES Act, signed by the president, gives relief to mortgage loans backed by the federal government, but 15 million loans do not have that protection, they are at the mercy of private lenders. Today, 1.6 million unsecured loans are in foreclosure. The third quarter of 2020 is likely to be the scene of the beginning of the great wave of foreclosures.