HOW WE HELP
HOMEOWNERS

Probates

Probate is a legal process that takes place after someone dies. It includes:

• Proving in court that a deceased person’s will is valid (usually a routine matter)
• Identifying and inventorying the deceased person’s property
• Having the property appraised
• Paying debts and taxes, and
• Distributing the remaining property as the will (or state law, if there’s no will) directs.

Probate usually works like this: After your death, the person you named in your will as an executor — or, if you die without a will, the person appointed by a judge — files papers in the local probate court. The executor proves the validity of your will and presents the court with lists of your property, your debts, and who is to inherit what you’ve left. Then, relatives and creditors are officially notified of your death.
Your executor must find, secure, and manage your assets during the probate process, which commonly takes a few months to a year. Depending on the contents of your will, and on the amount of your debt, the executor may have to decide whether or not to sell your real estate, securities, or other property. For example, if your will makes a number of cash bequests but your estate consists mostly of valuable artwork, your collection might have to be appraised and sold to produce cash. Or, if you have many outstanding debts, your executor might have to sell some of your property to pay them. For example, your house can be sold during the probate process.

Short Sale

A short sale is different from foreclosure in that in a short sale the homeowner has more control. During the foreclosure process, unless you pay off the mortgage, you don’t have any control of how or when things happen. That’s not entirely the case during a short sale. A short sale occurs when you accept an offer to sell your home for less than the mortgage amount that’s owed. Your lender must also agree to this deal.

Thus, a short sale requires that you work with a real estate agent, your mortgage company, and the third-party buyer. Unfortunately, completing a short sale, or finalizing the foreclosure process both come with major consequences you must understand. Here are the details about these options which may make you think twice.

Benefits of working with a Cash Buyer:

• Avoid credit default
• Allows you to get out of your mortgage a lot easier
• Allows you to gain freedom and presents another chance to succeed

Code Violations

Redeveloping your property is a massive investment of time and money. We work with experienced contractors who redevelop and repair the properties we purchase. Selling a house with code violations is stressful. We buy properties AS-IS, no need to fix your property up to meet code. We help save you time and money as we can make a fast cash offer and close in as little as 7 days.

Don’t allow yourself to feel pressure fixing up your property. Sell to us and we’ll take care of the hard work so you don’t have to!

Benefits of working with a Cash Buyer:
● Avoid paying for costly repairs
● Allows you to get get a fair offer on your property as-is
● Provides you the freedom to sell your property without worry about its condition

Problem Tenants

In a perfect world, we have ideal tenants who don’t cause damages, create excessive noise, and/or pay late(or not at all). Unfortunately, it is not uncommon to encounter these problem tenants. Prospect Group purchases any type of Multi-family property regardless of problem tenants. We will purchase Multi-family properties AS-IS! No need to call, email, or confront problem tenants. We make it easy to sell your Multi-family property without having to worry about tenant-related issues. Learn how to sell a property with tenants.

Benefits of working with a Cash Buyer:
● Avoid confronting problem tenants
● Allows you to sell your property without worry
● Gives you the freedom to sell on your terms

Liens

A lien is a notice attached to the property telling the public that a creditor claims that the homeowner owes them some money. It is a public record, generally, filed with the county records office (for real property) or with the state agency, such as the secretary of state (for cars, boats, office equipment, and other like items). Although Creditors have the right to have real property sold to pay off the lien, by way of a foreclosure sale, in most cases, Creditors usually wait until the property is sold.

At Prospect Group we don’t shy away from properties with liens. In fact, we work diligently to educate homeowners on how to best navigate this process. For more details read our article on how to sell a house with liens.

Benefits of working with a Cash Buyer:

• Allows you to pay back any owed debt
• Avoid the pre-foreclosure process
• Offers a quick close and allows you to move forward sooner than later