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Who Are the Cash House Buyers in Louisville Kentucky?

who are the cash for houses in Louisville

Who Are the Cash House Buyers in Louisville Kentucky?

You’ve seen the “we buy houses in Louisville” and “cash for houses” signs all around town when you’re driving around… even in other cities across Kentucky… so who are these cash house buyers in Louisville Kentucky?  Are they legit? How does it work?  Who should I trust?

We’ll dive into these questions here in this article… and don’t be afraid if you have other questions to hit us up on our Contact page or comment at the bottom of this article anytime as well!

Selling Fast: Who Are The Cash House Buyers in Louisville Kentucky?

Selling your home in today’s real estate market, isn’t always the easiest thing to do.

If you need to sell fast due to divorce, job loss, pressures of relocation, or any other of life’s tribulations, this process can be especially formidable.

Luckily, there are ways for you as a local Louisville house seller to win! Selling to a cash house buyer can get you the cash that you need fast, while also taking your property off your hands so you can move on with your life.

Usually it will also relieve any pressures of repairs so you can sell your Louisville Kentucky home as-is. Selling your house to the perfect cash buyer can be a quick and easy process.

First ask yourself, Who are the cash house buyers in Louisville Kentucky?

Cash buyers will usually be investors (some locally based, like us here at Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392… and some based out of town) whose goal is to create win-win situations and help homeowners like yourself.

Quick Tips to Remember When Looking For A Reputable Local Louisville Cash House Buyer

  • Price it right
  • Be honest
  • Be flexible

Price it right – When selling to a cash house buyer in Louisville, keep in mind that they’re buying with cash, instead of using bank financing… and they can close very quickly.  We can buy your house in as little as 7 days from today if you wanted to sell that quickly… rather than waiting 30 days to 9 months to sell your house the traditional “listing agent” route. This means that a professional house buyer won’t be able to pay as much as a retail buyer (someone living in the house) would.

This also means that you’re getting a quick/ hassle free sale and cash in your pocket so you can move on with your life! Check out this article on pricing your home to sell.  So don’t go into the process with expectations of getting the same price on a quick cash sale that closes in a matter of days or weeks that you’d get with an agent listing your house to find the ideal retail buyer for months and months and months.

Also consider in your pricing the fact that local cash home buyers like us here at Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392 don’t charge any fees or commissions.  So consider that a savings right there!

Be honest – Always tell the truth when giving descriptions of repairs and values. An experienced cash buyer will do their homework, so tarnishing a relationship and potentially hindering a sale in the name of saving a few bucks, is never worth it. Just be honest with your buyer and they will work with you.

Be flexible – Cash house buyers in Louisville can often come up with creative solutions to your problems. Be flexible, and willing to share and listen to make the best of your situation.

Cash House Buyers in Louisville KentuckySometimes after talking to many local Louisville area house sellers we’ll find out that there are other options that make a lot more sense for them… rather than us buying their house. So, be flexible coming in and we’ll let you know what we feel are the best options for your situation. If it means us buying your house in a win-win transaction… great!  If it means you selling your house another way (or even finding a way to stay in your house)… great! We Buy Houses Louisville.

All we care is that you’re taken care of in the process. That’s how we win so many long-term fans of Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392 who end up referring their friends and family our way when they need to sell their Louisville area houses fast too.

The bottom line is, regardless of how daunting the task of selling your home may appear, sometimes all it takes is finding out who are the best cash house buyers in Louisville Kentucky. We Buy Houses Louisville.

Start Here: If you need to sell your Louisville Kentucky area house fast, give us a call at (502) 631-9392 OR fill out this simple Fast Cash Offer Form >>

Understanding the Foreclosure Process in Kentucky

Understanding the Foreclosure Process in Kentucky

Understanding the Foreclosure Process in Kentucky

Understanding the foreclosure process in Kentucky is an important part of navigating your own home foreclosure.

Before we dive in…

What is foreclosure anyway?

Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments.

Foreclosure is no fun.  But just know that it’s not the end of the world.

When you know how foreclosure in Kentucky works… it arms you with the knowledge to make sure you navigate it well and come out the other end as well as possible.

The Basic Stages of A Foreclosure

There’s a few stages that are important to any foreclosure process.

Foreclosure works differently in different states around the country.

The two ways different states use to foreclose upon a property are: judicial sale or power of sale.

Connect with us by calling (502) 631-9392 or through our contact page to have us walk you through the specific foreclosure process here locally in Louisville.

In either scenario, foreclosure typically doesn’t go to court until 3-6 months of missed payments have elapsed. Usually (but not always), a lender will send out many notices that you are in arrears – overdue or behind in your payment.

Under Judicial Foreclosure:

  • Your mortgage lender must file suit in the court system.
  • You’ll get a letter from the court demanding payment.
  • Assuming the loan is valid, you’ll have 30 days to bring payment to court to avoid foreclosure (and sometimes that can be extended).
  • If you don’t pay during the payment period, a judgment will be entered and the lender can request the sale of your property – usually through an auction.
  • Once the property is sold, the sheriff serves an eviction notice and forces you to immediately vacate the property.

Under Power of Sale (or Non Judicial Foreclosure):

  • The mortgage lender serves you with papers demanding payment, and the courts are not required – although the process may be subject to judicial review.
  • After the established waiting period has elapsed, a deed of trust is drawn up and control of your property is transferred to a trustee.
  • The trustee can then sell your property for the lender at a public auction (notice must be given).

Anyone who has an interest in the property must be notified during either type of foreclosure.

For example, any contractors or banks with liens against a foreclosed property are entitled to collect from the proceedings of an auction.

What Happens After A Foreclosure Auction?

After a foreclosure is complete, the loan amount is paid off with the sale proceeds.

Sometimes, if the sale of the property at auction isn’t enough to pay off the loan, a deficiency judgment can be issued against the borrower.

A deficiency judgement is where the bank gets a judgement against you, the borrower, for the remaining funds owed to the bank on the loan amount after the foreclosure sale.

Foreclosure Auction

Some states limit the amount owed in a deficiency judgment to the fair value of the property at the time of sale, while other states will allow the full loan amount to be assessed against the borrower.

Here’s a great resource that lists the state by state deficiency judgement laws, since every state is different.

Generally, it’s best to avoid a foreclosure auction. Instead, call up the bank, or work with a reputable real estate firm like us at Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392 to help you negotiate discounts off the amount owed to avoid having to carry out a foreclosure.

Experienced investors can help you by negotiating directly with banks to lower the amount you owe in a sale – or even eliminate it, even if your home is worth less than you owe.

If you need to sell a property near Louisville, we can help you.

We buy houses in Louisville Kentucky like yours from people who need to sell fast.

Give us a call anytime (502) 631-9392 or
fill out the form on this website today! >>

 

Other Foreclosure Resources For Louisville Kentucky HomeOwners:

 

Photo by peternamara1

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