Cleaning foreclosed homes has become one of the best businesses to start in this economy. And, with the foreclosure rate continuing to rise, it's likely to be so for some time to come.
Those who own various types of cleaning businesses are perfectly situated to handle many of the cleaning services these homes require before they can be put back on the market to be resold. Following are three very common ones.
Foreclosure Cleaning Services to Offer Those Who Have Foreclosed Homes for Sale
Window Cleaning: Window cleaning is a much-desired service because many cleaning service companies don't have the skill or equipment to handle this type of job. This is especially true when it comes to cleaning windows from the outside and/or those that are high up (eg, on second or third stories of homes).
These require ladders -- and skilled professionals accustomed to scaling ladders. Because of this, many companies that can handle the internal cleaning of a foreclosed home, for example, won't even bother to bid on the window cleaning.
Another reason window cleaning may be bid out separately is for insurance purposes. Because of the inherent danger of this profession, banks, realtors and others who are readying foreclosed homes for sale again look for legitimate companies who have the right insurance.
Many "man with a van" type operations don't have it and most realtors and banks won't hire contractors who don't have proper insurance.
Pressure Washing: This is another service that requires a professional. Too much water pressure or the wrong cleaning solution can take the paint right off a house; or put a whole through vinyl siding, or discolor brick. And, this is also a profession that requires proper insurance due to the dangers (climbing ladders).
For all of these reasons, realtors, bankers and others who have a roster of foreclosed homes for sale look for professional firms to contract with.
White-Glove Cleaning: Many foreclosure cleaning companies offer what's known as a "broom swept" clean; they tend not to offer an in-depth, "white glove" cleaning service. When a realtor or banker is getting a home that has been foreclosed on in market shape, this is what exactly what they need though.
This is particularly true in the current real estate market because homes are standing empty for so long. Hence, sellers are looking for every competitive advantage they can get. And, one of the best ways to show a home in its best light is to have it sparkling clean.
Amor have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for wyoming foreclosed homes and great passion and knowledge for foreclosed listings and all the different options & providers available in the market today. Find out for more info also here wyomingforeclosedhomes.org
Tuesday, November 16, 2010
Thursday, November 11, 2010
Real Estate - Private Property Rights
A call to action... Now is the time to act and for you to join the fight to protect and to keep private property rights that you use and enjoy. Well meaning individuals are campaigning to remove many of these fundamental rights that most Americans take for granted.
Every property enjoys a "bundle of rights". Real estate agents and brokers work to market and transfer both the property and the property's "bundle of rights". These are the rights people have in real estate they own - also called "private property rights".
There are two primary philosophies in America today regarding land ownership and real estate ownership. The first philosophy calls for and advocates the government owning the maximum amount of real estate, including land. People in this camp do not trust home owner's and private property owners to manage their real estate responsibly. The opposing group, those who support people owning their own home or own land, see the rights people hold in private property as the core to living in a free society.
Well meaning socialists have advocated the public's ownership of everything from your home, to land, means of production, capital, credit, to health care. This has been true since the start of recorded history. Socialism attempts throughout the history of the World, including those happening today, have all had the same result; failure. Evidence of this is seen in history books and in places like Cuba.
The United States was founded on the principal of every American having the opportunity and benefit of owning real estate and private property rights. "It's all on your shoulders to push yourself as hard as you can. And that dictates how successful you will be," according to The Code of the West; Alive and Well on Wyoming Trailer. It is essential for capitalism to flourish that you have the right to manage, control, and own your own home, farm, ranch, land, and your own business. The quality and standard of living we enjoy today, we owe mostly to our ability to own our own homes, our own real estate and our own land.
If you no longer had the right to own your own home, to own your own lot or your own land, what would America look like?
Private property rights are being attacked now more than ever by agencies of the federal government and by laws with deceptive labels. The Conservation and Reinvestment Act, for example, if passed allows the removal of private property rights; placing these instead with federal bureaucrats. The Grizzly Bear Overlay (GBO), if approved, may affect large amounts of land. Swaths of real estate in Idaho and elsewhere if approved, could suddenly become subject to the strict rules of the GBO. The GBO would restrict what people can do with real estate. If your rights in your real estate were lost as a result of an overlay - but not lost to property across the street from you, how would that effect demand and the value of your property? The Environmental Protection Act has a pretty name but in reality, the act transfers the management decisions you have in your home or property over to the the federal government. There are many laws and acts that have the same effect, such as, wet lands laws, endangered species acts, national monuments being proclaimed, and others that have consequences and limit the the rights an owner or renter has in their home and land.
This is not a simple disagreement between the two philosophies to arrive at an agreed upon objective. Freedom of choice, freedoms and rights guaranteed by the US Constitution, and quality of life are at stake. Real estate owners and renters are being burdened with higher taxes and increases in takings and loss of private property rights. However, many agents and brokers are learning the issues. They are getting involved. The are fighting to defend the personal and private rights people enjoy in properties they own or rent - to help protect owners and future owners. Reasonable people know that the government cannot spend its way out of debt. It cannot keep taking water from the well without eventually running the well dry.
Now is the time to act and for you to join the fight to protect and to keep private property rights you use and enjoy, either as an owner or as a renter. And now is the time to help your neighbor protect his or her rights. Get involved. Talk to your real estate agent or your broker about the issues as the affect private property ownership. If you are an agent or a broker, join the Realtors Land Institute and other groups associated with private property and rights in property.
There are many groups you can contact or join and get involved. Contact the author for more information about groups and ways to get involved.
Justin have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for wyoming foreclosed homes and great passion and knowledge for foreclosed listings and all the different options & providers available in the market today. Find out for more info also here wyomingforeclosedhomes.org
Every property enjoys a "bundle of rights". Real estate agents and brokers work to market and transfer both the property and the property's "bundle of rights". These are the rights people have in real estate they own - also called "private property rights".
There are two primary philosophies in America today regarding land ownership and real estate ownership. The first philosophy calls for and advocates the government owning the maximum amount of real estate, including land. People in this camp do not trust home owner's and private property owners to manage their real estate responsibly. The opposing group, those who support people owning their own home or own land, see the rights people hold in private property as the core to living in a free society.
Well meaning socialists have advocated the public's ownership of everything from your home, to land, means of production, capital, credit, to health care. This has been true since the start of recorded history. Socialism attempts throughout the history of the World, including those happening today, have all had the same result; failure. Evidence of this is seen in history books and in places like Cuba.
The United States was founded on the principal of every American having the opportunity and benefit of owning real estate and private property rights. "It's all on your shoulders to push yourself as hard as you can. And that dictates how successful you will be," according to The Code of the West; Alive and Well on Wyoming Trailer. It is essential for capitalism to flourish that you have the right to manage, control, and own your own home, farm, ranch, land, and your own business. The quality and standard of living we enjoy today, we owe mostly to our ability to own our own homes, our own real estate and our own land.
If you no longer had the right to own your own home, to own your own lot or your own land, what would America look like?
Private property rights are being attacked now more than ever by agencies of the federal government and by laws with deceptive labels. The Conservation and Reinvestment Act, for example, if passed allows the removal of private property rights; placing these instead with federal bureaucrats. The Grizzly Bear Overlay (GBO), if approved, may affect large amounts of land. Swaths of real estate in Idaho and elsewhere if approved, could suddenly become subject to the strict rules of the GBO. The GBO would restrict what people can do with real estate. If your rights in your real estate were lost as a result of an overlay - but not lost to property across the street from you, how would that effect demand and the value of your property? The Environmental Protection Act has a pretty name but in reality, the act transfers the management decisions you have in your home or property over to the the federal government. There are many laws and acts that have the same effect, such as, wet lands laws, endangered species acts, national monuments being proclaimed, and others that have consequences and limit the the rights an owner or renter has in their home and land.
This is not a simple disagreement between the two philosophies to arrive at an agreed upon objective. Freedom of choice, freedoms and rights guaranteed by the US Constitution, and quality of life are at stake. Real estate owners and renters are being burdened with higher taxes and increases in takings and loss of private property rights. However, many agents and brokers are learning the issues. They are getting involved. The are fighting to defend the personal and private rights people enjoy in properties they own or rent - to help protect owners and future owners. Reasonable people know that the government cannot spend its way out of debt. It cannot keep taking water from the well without eventually running the well dry.
Now is the time to act and for you to join the fight to protect and to keep private property rights you use and enjoy, either as an owner or as a renter. And now is the time to help your neighbor protect his or her rights. Get involved. Talk to your real estate agent or your broker about the issues as the affect private property ownership. If you are an agent or a broker, join the Realtors Land Institute and other groups associated with private property and rights in property.
There are many groups you can contact or join and get involved. Contact the author for more information about groups and ways to get involved.
Justin have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for wyoming foreclosed homes and great passion and knowledge for foreclosed listings and all the different options & providers available in the market today. Find out for more info also here wyomingforeclosedhomes.org
Wednesday, November 10, 2010
Foreclosure Laws in Wyoming
Wyoming, like many states have both of the following ways to take care of the foreclosure process:
Both judicial and non-judicial foreclosures are used in Wyoming. Always,the determining factor, as to which method the lender uses to try and sell the home, is whether or not a power of sale clause is written into the mortgage. If the mortgage contains the power of sale clause, then the lender can avoid the time and expense of going before a judge to set a sale date.
Whether it is an in -court or out of court foreclosure process, the bank must deliver a written letter of intent to foreclose on the property, a minimum of 10 days in front of the date the first advertisement of the notice of sale was placed in the local paper.
The notice of sale or auction must be advertised in a local paper a minimum of once a week for four weeks leading up to the selected sale date.
All such sales in Wyoming are held at the court house of the county in which the property is located.
The property is awarded to the highest bidder. This winning bidder receives a certificate of purchase. This certificate does not grant full ownership of the property until the redemption period has expired. This redemption period allows the former home owner to come up with the purchase price at auction, plus 10% interest, plus any due taxes to regain ownership of the property.
In Wyoming, the right of redemption period is 3 months immediately following the foreclosure sale date.
Eric have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for wyoming foreclosed homes and great passion and knowledge for foreclosure listings and all the different options & providers available in the market today. Find out for more info also here wyoming-foreclosedhomes.com
Both judicial and non-judicial foreclosures are used in Wyoming. Always,the determining factor, as to which method the lender uses to try and sell the home, is whether or not a power of sale clause is written into the mortgage. If the mortgage contains the power of sale clause, then the lender can avoid the time and expense of going before a judge to set a sale date.
Whether it is an in -court or out of court foreclosure process, the bank must deliver a written letter of intent to foreclose on the property, a minimum of 10 days in front of the date the first advertisement of the notice of sale was placed in the local paper.
The notice of sale or auction must be advertised in a local paper a minimum of once a week for four weeks leading up to the selected sale date.
All such sales in Wyoming are held at the court house of the county in which the property is located.
The property is awarded to the highest bidder. This winning bidder receives a certificate of purchase. This certificate does not grant full ownership of the property until the redemption period has expired. This redemption period allows the former home owner to come up with the purchase price at auction, plus 10% interest, plus any due taxes to regain ownership of the property.
In Wyoming, the right of redemption period is 3 months immediately following the foreclosure sale date.
Eric have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for wyoming foreclosed homes and great passion and knowledge for foreclosure listings and all the different options & providers available in the market today. Find out for more info also here wyoming-foreclosedhomes.com
Wednesday, November 3, 2010
What Happens After Foreclosure? Eviction, Redemption Periods & Deficiency Judgments
After the foreclosure is complete, meaning that there has been an auction or sheriff's sale to sell your house to the highest bidder, then people commonly wonder "what next". At this point, one of two things has happened. One, your house sold to a bidder at the auction and they are the new owner OR there was no bidder that the bank now owns your house.
In either case, the process is about the same depending on redemption periods within your state. (FYI, a redemption period is a section of time allowed by law for you to pay the lender what you owe them in order to keep your house. In some states, this redemption period with fall after the auction)
Here is a general peak at what can happen after a foreclosure, just bare in mind that this varies depending on the state you live in:
AN EVICTION
If you are in the house after the house has been auctioned, then the new owner (or the bank if there was no bidder) will have to go through a legal process to evict you. The eviction process can take 5 days to 90 days depending on your state law. You will not be dumped on the street without notification. The sheriff's department will serve you notice of the eviction and in that notice will be instructions on your rights and the time frame to get out.
If you want more details on the eviction process, then you will need to call the small claims courts in your local courthouse. Ask about how the eviction process works in order to understand exactly how many days you will have to leave the house after the auction. They are very helpful and sometimes even have pamphlets available to the public regarding evictions.
NOTE: It is important to note here that if you are in a state with redemption rights after the auction. Then the eviction will not start until after the redemption period is over.
An eviction will only take place if ownership is transferred out of your name after the auction. Each mortgage can foreclose individually. If it is the second mortgage that goes to auction, then the property ownership does not transfer to the highest bidder or the lender. All that was bought at the auction is the mortgage or lien on the property. The only way property ownership can transfer at the auction is if the first mortgage foreclosed. In most states, if the second/third mortgage goes to auction and your first mortgage has not, they cannot evict you as the first mortgage has precedence.
THE REDEMPTION PERIOD
A redemption period is an amount of time that allows the homeowner the opportunity to stop the foreclosure by paying the entire loan amount off. Only some states have a redemption period, Wyoming is one of them. This normally starts after the auction and in Wyoming it runs for 3 months. A redemption period is a timeframe in which you can sell your house (or use another means to pay the entire loan amount off) and get out or the foreclosure that has already taken place. During this time, you cannot be evicted and you don't have to make any house payments. It is just a period of time allowed by state law to redeem you in the situation.
In Judicial States, the redemption period could be before the auction date. This issue will come up at your court date stated in the Complaint. You can ask the judge, the attorney, or the lender about your redemption rights. But again, redemption rights are still only rights to pay the entire loan off in full.
Not all states have redemption rights.
A DEFICIENCY JUDGMENT
In some cases, the lender is not able to sell your house at the auction for the full amount you owed on the mortgage/loan. When this happens, the lender can seek what is called a deficiency judgment in order to recover the rest of that money owed. This is done through the court system so you will get notice if this happens and a summons to appear in court. Not all lenders seek a deficiency judgment and even if it is allowed in your state, the lender may or may not choose to seek one after the auction.
Once the court has allowed a judgment for the lender to recover the deficient amount, then just like with any judgment, they may attempt to garnish your wages or take your assets to pay for the debt.
In Judicial States, when the initial Complaint is filed to initiate the foreclosure process, the lender can also file for an automatic deficiency judgment in the event that the auction doesn't bring the full amount owed on the mortgage. You will need to listen for this during your court appearance if you choose to go. The court case is also public knowledge, so you can ask for the details of the court case after the court date has passed directly from the courthouse or you can go down to the recorder's office and print off a copy of the writ of execution to take home and read.
Not all states allow a deficiency judgment. Again, each state is different and therefore what happens after foreclosure will vary as well.
Jenifer have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for wyoming foreclosed homes and great passion and knowledge for foreclosure listings and all the different options & providers available in the market today. Find out for more info also here wyoming-foreclosedhomes.com
In either case, the process is about the same depending on redemption periods within your state. (FYI, a redemption period is a section of time allowed by law for you to pay the lender what you owe them in order to keep your house. In some states, this redemption period with fall after the auction)
Here is a general peak at what can happen after a foreclosure, just bare in mind that this varies depending on the state you live in:
AN EVICTION
If you are in the house after the house has been auctioned, then the new owner (or the bank if there was no bidder) will have to go through a legal process to evict you. The eviction process can take 5 days to 90 days depending on your state law. You will not be dumped on the street without notification. The sheriff's department will serve you notice of the eviction and in that notice will be instructions on your rights and the time frame to get out.
If you want more details on the eviction process, then you will need to call the small claims courts in your local courthouse. Ask about how the eviction process works in order to understand exactly how many days you will have to leave the house after the auction. They are very helpful and sometimes even have pamphlets available to the public regarding evictions.
NOTE: It is important to note here that if you are in a state with redemption rights after the auction. Then the eviction will not start until after the redemption period is over.
An eviction will only take place if ownership is transferred out of your name after the auction. Each mortgage can foreclose individually. If it is the second mortgage that goes to auction, then the property ownership does not transfer to the highest bidder or the lender. All that was bought at the auction is the mortgage or lien on the property. The only way property ownership can transfer at the auction is if the first mortgage foreclosed. In most states, if the second/third mortgage goes to auction and your first mortgage has not, they cannot evict you as the first mortgage has precedence.
THE REDEMPTION PERIOD
A redemption period is an amount of time that allows the homeowner the opportunity to stop the foreclosure by paying the entire loan amount off. Only some states have a redemption period, Wyoming is one of them. This normally starts after the auction and in Wyoming it runs for 3 months. A redemption period is a timeframe in which you can sell your house (or use another means to pay the entire loan amount off) and get out or the foreclosure that has already taken place. During this time, you cannot be evicted and you don't have to make any house payments. It is just a period of time allowed by state law to redeem you in the situation.
In Judicial States, the redemption period could be before the auction date. This issue will come up at your court date stated in the Complaint. You can ask the judge, the attorney, or the lender about your redemption rights. But again, redemption rights are still only rights to pay the entire loan off in full.
Not all states have redemption rights.
A DEFICIENCY JUDGMENT
In some cases, the lender is not able to sell your house at the auction for the full amount you owed on the mortgage/loan. When this happens, the lender can seek what is called a deficiency judgment in order to recover the rest of that money owed. This is done through the court system so you will get notice if this happens and a summons to appear in court. Not all lenders seek a deficiency judgment and even if it is allowed in your state, the lender may or may not choose to seek one after the auction.
Once the court has allowed a judgment for the lender to recover the deficient amount, then just like with any judgment, they may attempt to garnish your wages or take your assets to pay for the debt.
In Judicial States, when the initial Complaint is filed to initiate the foreclosure process, the lender can also file for an automatic deficiency judgment in the event that the auction doesn't bring the full amount owed on the mortgage. You will need to listen for this during your court appearance if you choose to go. The court case is also public knowledge, so you can ask for the details of the court case after the court date has passed directly from the courthouse or you can go down to the recorder's office and print off a copy of the writ of execution to take home and read.
Not all states allow a deficiency judgment. Again, each state is different and therefore what happens after foreclosure will vary as well.
Jenifer have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for wyoming foreclosed homes and great passion and knowledge for foreclosure listings and all the different options & providers available in the market today. Find out for more info also here wyoming-foreclosedhomes.com
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