Distressed Properties Delight Us!

Being in a situation where you are responsible for a distressed property can cause frustration, worry, anxiety and apprehension about the future. At JAM Properties we delight in liberating families and individuals from this difficult situation. We provide freedom from the burden and concern, allowing a way out when you may have thought there was none possible. We are the experts in distressed real estate investing.

What does distressed property mean?

A property can become distressed for many reasons. The key reasons relate to a mortgage on the property, taxes or insurances.

Distressed Property due to Mortgage Issues

A mortgage is simply a loan of money that was used to buy the property, though it is different from other loans because the house itself becomes collateral for the mortgage. What does this mean? In the case of the loan not being repaid each month in full or by the end of the agreed time period, the house could be take by the person, bank or institution that loaned the money. They will sell the house to repay any funds that have not been paid back. This could be due to a small amount of money being owed over a long period or a large amount owed without a repayment agreement. At JAM Properties we know how to find distressed properties for sale so we can help you.

Distressed Property due to Taxes or Insurances

Taxes or insurances may cause a property to become distressed when they are paid late or not at all. Usually the person or institution that loaned the money to purchase the house will pay any unpaid taxes because the local government will contact them after they are unable to secure payment from you. The funder will pay the taxes and add the debt to the loan, which will increase the borrowings against the house. This means the monthly mortgage payments will be less than the amount needed to keep the loan correct. In this way, any taxes not paid will become up to date due to the funder paying them but it financially distresses the property.

How does JAM Properties help you?

At JAM Properties we really do care about your situation. We understand that many factors in life may cause your property to become distressed and you may feel your situation is out of control. Take the power back  and contact us today so we can help you change your situation, and keep your credit score strong.

Our Personal Touch

We will discuss with you in person, on the phone or by visiting with you. We will make an offer that we feel is reasonable and will reflect your situation. It’s 100% your choice about whether to move forward or not. If you decide to move ahead with us, we will forward the funds we have agreed to pay you quickly. We pay cash, and do not require any financing from a bank, so there is no delay. We understand houses, the property market and can do our own review of your property. What does this mean? You do not need to wait for an appraisal from anyone else; it is just you and us, so this will save you weeks of waiting or disappointment. You will not be disappointed with us and we can also help with relocation!

We Remove Delays

We will discuss with you in person, on the phone or by visiting with you. We will make an offer that we feel is reasonable and will reflect your situation. It’s 100% your choice about whether to move forward or not. If you decide to move ahead with us, we will forward the funds we have agreed to pay you quickly. We pay cash, and do not require any financing from a bank, so there is no delay. We understand houses, the property market and can do our own review of your property. What does this mean? You do not need to wait for an appraisal from anyone else; it is just you and us, so this will save you weeks of waiting or disappointment. You will not be disappointed with us and we can also help with relocation!