Who's Buying Houses? Where to Turn When You Need to Sell Your House Quick
Is anybody out there buying houses? Sure there are. But, the numbers have dropped significantly and experts predict the housing market will get worse before it gets better. This leaves distressed homeowners who need to sell their house quick in serious trouble. Buying houses today is entirely different than it was only months ago. Declining property values have left many homeowners owing more than their house is worth. Borrowers holding subprime loans are unable to pay their mortgage and many are facing foreclosure. With the current scenario, buyers aren't able to obtain financing. Homeowners can't sell their house. Realtors don't get paid. It's a vicious cycle that has far-reaching effects. Those who are buying houses are either paying cash or engaging in alternatives such as seller carry back mortgages and lease-to-own contracts. Homeowners facing foreclosure can request their lender enter into a short sale agreement. Although a short sale is rather c...