Q – Just recently there was an attorney firm in the news that was
promising homeowners money to move out of their home before foreclosure
and the firm did not help with the foreclosure and did not give the
money promised. There are many people who will try to take advantage of a
homeowners in distress. How to spot a scam for helping someone in
foreclosure?
A – There are rules and regulations regarding giving money to avoid
foreclosure. You must ask yourself what is it that you need to qualify.
You want someone who is willing to help you at no cost for a program
that is available for everyone. There are banks, government agencies,
realtors and other professionals who will help at no cost.
Q – What about money given to homeowners?
A – There is money available if you qualify for it. Investment homes do
not qualify. You may qualify based on income, type of loan and other
circumstances that will help you for moving out. It has to be a primary
residence.
Q – Would it be fair to say that you should request to see someone’s
license in the business they are in before allowing them to help you?
A – Yes, you should always verify individuals who say they can help you.
There are many agencies that are in business and have the authority to
help you at no cost to the home owner.
Q – What was your most difficult situation that you can remember that you got it handled?
A – I don’t believe I can specify one situation over another. I always
tell my clients to make sure you make your mediation appointments as
they are for your benefit. In one particular case, my client called me
up on the morning of his mediation to say he could not make it because
his daughter was having baby. His wife was at work and he was the only
one available to take her to the hospital. I am not allowed to represent
them because I am not an attorney, but I did make a special appearance
at the mediation to help my client as I explained their absence.
Q – For someone who wants to start investing in real estate, where do you recommend they start?
A – Many people want to get into real estate investing and immediately
start flipping houses. To be successful, you must have cash available.
There are different ways of getting it done so you must enter with an
open mind and be prepared to make creative offers.
Q – Years ago there was a rise in for sale by owner agencies. Today
people can search for properties on free websites like Realtor.com. What
advantages would a prospective real estate investor have when dealing
with a Realtor such as yourself?
A – The average investor, or even the more prominent investor, may only
do a handful a deals in their lifetime and it would impossible for one
person to experience all of the difficulties possible. If you let a
licensed Realtor help you avoid mistakes as they are involved with so
many more transactions. My services cost nothing as a buying agent for a
real estate investor.
Q – What is the number one problem that real estate investors face once they have acquired a property?
A – Management of a real estate property is not simple as you must have
cash available to make repairs, you must find good tenants and you must
be able to have the property rented in a timely fashion otherwise you
will be faced with making mortgage payments without receiving rental
income. Houses by Maria’s management service can help you take care of
your property so you can make your real estate investment experience a
rewarding one.
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