We help homeowners out of all kinds of realty problems, including over-leveraged properties where they owe more to the banks/mortgage brokers than the house is worth. Refinancing or taking out a second mortgage can sometime cause problems later down the road, living the homeowner in a tricky position if they need to sale there house quicly or suddenly can't afford the payments. Luckily, we may still be able to help. We may be able to work out a solution with your bank that would enable you to sell us the property at a reasonable price. Since we are paying with all cash, sometimes the banks will sale at a lower price. If we can pay off there bottom line, they will likely take it, especially if they believe they will get even less if it goes through foreclosure.
Own your home free and clear? Great! That is really wonderful, though you may be in for a surprise when it comes time to sell the property. Depending on your tax bracket, you could be hit with as much as a 40% tax hit upon completion of sale! That is a lot! If the home is worth 200k, taxes alone will reduce this amount to 120k. That's right - $80,000 of equity will dissapear the moment the title company closes the deal. If that wasn't enough of a problem, what if you list the property with a realtor, as most homeowners do? Another 6 percent is deducted from the pretax amount! Add in closing costs and other fees, and all of a sudden the 200k you were expecting to put in pocket after your house is sold is somewhere just over 110k!...
We specialize in buying houses fast in Hamblen County TN, are locally based in Morristown, and work with people everyday to help solve a variety of realty problems. Furthermore, we have the ability to buy houses utilizing many creative financing options. This enables us to complete deals even realtors or other traditional investors can't. This allows us to help people sell there house when they are presented with no other options. Owe more than your house is worth but need to sale fast or suddenly can't afford to make the payments? We can still help out! Own a home free and clear and want to sell? Before you do, reach out to us and we will be able to save you many tens of thousands of dollars by avoiding the 40% tax hit upon completion of sale. This is easily acheived the creative financing option known as owner financing, where a drastically reduced lump sum payment at sale is replaced with smaller monthly payments, with interest! ...
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