Frequently Asked Questions

A Short Sale is a win-win solution for the home owner and the lender. The lender gets the highest price for a quick sale at a market price. The borrowers get their credit restored and generally get relief from possible future legal actions and deficiency judgments.

Short Sales occur when borrowers sell their property for a sales price less than the amount owed to their lender(s) after all sales expenses, including brokerage fees, are taken into account. In order for this to take place the lender(s) must accept a discounted payoff; meaning the bank(s) get paid less than the full loan amount owed. In a short sale, the homeowners get complete relief from all of their mortgage debt.

The end result is your home is sold, the mortgage is satisfied (paid off) and you avoid a foreclosure or a bankruptcy in the event of hardship. Perhaps even better, your credit rating will almost immediately improve because your credit report shows that your mortgage was paid in full.

We need very basic information from you about your house. The number of bedrooms, bathrooms, and overall condition of the property is needed. We will also ask you how long you have owned your home and if there are any mortgages or liens against the property.

A closing date is the day that both you as the seller, and Express Homebuyers as the buyer, meet and settle the obligations of a purchase agreement. This is when we buy your house. The closing takes place at a professional settlement company.

On the day we buy your house, your mortgage is fully paid. By law, the professional settlement company that conducts the closing MUST payoff your mortgage and any other liens before they distribute the remainder of your money. In some cases, we will work to help restore credit by bringing your mortgage current and leaving it in place when we purchase it. In these transactions, we purchase your property, leave your mortgage in place to make on time payments to your lender, and the professional settlement company distributes the remainder of your money. This is only done when the seller requests it.

If you are in bankruptcy, or planning to file bankruptcy, your house can still be foreclosed on. Banks will usually petition the Public Trustee for a “relief of stay”. This will take the house out of the bankruptcy so the bank can try and recoup losses on their mortgage. If you are already in the foreclosure process, filing for bankruptcy will only freeze the time-line for the foreclosure.

A deed of trust is a document that is recorded in the county records with your deed that references your mortgage. It acts as a placeholder in the records to define the existence of the mortgage you have against your house.

A title is a listing of the history of owners, debts, and other information related to your house. Title is produced by researching the documents recorded in the records of your county.

During a transfer, a new deed is drafted and signed by the seller, transferring ownership of the house to the new buyer. This document is then recorded in the records with the above mentioned deed of trust.

Every homeowner's situation is unique. So is the process by which our Homebuying Specialists determine what they are willing to offer for a home. The things they take into consideration include the age and condition of a home, costs of needed repairs, what other homes are in the area are selling for and how long it is taking to sell those homes. These and several other factors are researched to determine a fair offer.

We buy houses in any condition. Does your home need a little work? Does it need a lot of work? We'll buy it. In fact, most homes we purchase need some work. Is your home already in good condition? We'll buy it.

There is absolutely no fee to the homeowner when working with Good Neighbor Home Investors. You will never be charged anything for our services.

We will buy townhouses, condominiums, duplexes, multi-tenant buildings, beach property, retail office buildings, farms, land, or any building that has deeded land attached.

Yes. Good Neighbor Home Investors will buy multi-units, apartments and land or lots.

You have no obligation at all if you submit an information form, show your property to Good Neighbor Home Investors and our house buying network, or receive an offer to buy your house. You are under no obligation at all. All we ask for is the opportunity to make an offer for your house. You decide if the offer works for you. You are only obligated to our service if you have entered into a purchase agreement with us. You would have a similar obligation with any real estate transaction.

Many different kinds of people!

• People who have trouble selling because they do not have equity in their home.
• Those who have experienced a death of a loved one or the need to settle an estate.
• People who are tired of being a landlord.
• Those who need to sell because of a divorce.
• People who are behind on payments or facing foreclosure.
• Anyone who bought a new home, but can't sell the old one.
• People who own vacant houses or houses that need repairs.
• Those with liens or title problems.
• People working with a real estate agent who hasn't come through as promised.
• Anyone facing a job transfer or relocation.
• People from all walks of life who share the need or desire to sell their homes, regardless of repairs needed, sell for cash, close quickly, and sell to a reliable company – Good Neighbor Home Investors