From Distressed to De-stress
Turn your messy scenario into a blessing. You or someone you know may be dealing with a distressed property. A distressed property is a home that is on the verge of being foreclosed or already owned by a bank or lender. Financial hardship happens to many of us. Whether that is due to a loss of a job, health issues, a tragic life event, or any unforeseen circumstance that prohibits the homeowner to make payments on their mortgage. Once a homeowner is past 3 months of unpaid or delinquent payments, there is a NOD (notice of default) flagged on public records.
Naturally homeowners in this position want to do all they can to hold on and hope that their financial situation would change or rally up personal or private loans. Though it is my job to find solutions for the homeowner and help get them what they want, the reality is that more often, it is time to accept the status quo and think of the next best solution before the bank or lender ends up repossessing the home. Leaving a huge hit on the homeowners credit and worse, it does not change their financial situation by putting any additional funds in the homeowners bank account.
The next best thing a homeowner in this distressed situation, is to sell their property. Now, due to the nature of finances being limited, the homeowner may not be inclined to do or make any repairs upfront. Or to prepare the property to being listed that may include cleaning, inspections, staging and the like. Unless they sell “as is” which could lead to low ball offers, below market value and will not yield the highest return for the sale. This is why teaming up with a realtor who has extensive relationships with real estate vendors such as investors, interior designers, stagers and marketing is crucial. Particularly one who can find vendors willing to partner up with the homeowners. Your unique situation could be ideal for our team. Here is one of the properties our partners teamed with a homeowner and maximized the market potential in Rancho Palos Verdes.
There can always be a silver lining in any difficult scenario. It’s all about perspective, asking for the right support and being creative. We can help you go from distressed to de-stress. Allow us to take that weight off your chest and transition into your neck chapter on a more positive note.
