(513) 815-5000

Get My Cash Offer

Category: avoiding-foreclosure

  • Why Do We Pay Property Taxes?

    Whether you’re a seasoned homeowner, or someone on the hunt for your very first home, you should know what Property Taxes are and why everyone who owns real estate has to pay them.  Read on to find out what can happen if you don’t pay your Property Taxes on time.

    If you’ve been renting for a long time, it might come as a surprise to you that Property Taxes are a fairly significant constant and recurring expense that you need to factor in when on the hunt for your first home purchase. On the flipside, if you’re a landlord, you know very well how much you’re spending per month on Property Taxes on any of your properties. 

    Note to renters: Yes, some landlords may be greedy, and inflate your rent amount each year by much more than is reasonable; however, keep in mind that the costs for owning and maintaining housing rise every year with the normal pace of inflation, AND often experience small spikes due to local tax adjustments or special assessments. Most landlords are just trying to keep up with the bills.

    Taxes, as a whole, serve to fund various parts of society that are public services rather than private businesses. Since these various services don’t have a traditional business structure with a stream of revenue from selling goods or services, the public provides that source of revenue directly via various taxes. Essentially, when you pay a tax, you’re paying to keep your city, county, state, and country up and running. There are a variety of taxes that are charged against many different types of transactions and circumstances, which you can easily see an example of if you look at the bottom of your receipt from the department store (sales tax). 

    Learn More About How Our Process Works!

    What’s interesting about city, county, and state taxes, is that they can vary wildly from one place to the next. This is due to the different needs each place has, and what each population deems most important. You might find that a particular city has much higher sales or income taxes than its neighbor, because the city has allocated more funding in its budget towards infrastructure maintenance, or towards keeping the main public areas of the city extremely clean and well-manicured with fresh landscaping throughout the year.

    Property taxes are used to fund a host of local public needs, including the fire department, police department, libraries, road construction and maintenance, the local school district, and much more. They serve as a vital source of funding to keep these services alive, and when revenue dips, those services may suffer as a result. Cities may struggle with making decisions on their budgets each year if that happens, and may be forced to make tough choices in reducing access to essential public services. If you’ve ever heard of schools not being able to afford enough supplies for their students, or about them cutting bus routes out, it’s often because they aren’t receiving enough public funding to pay for everything and everyone that they need.

    How is the Property Tax on your home calculated?

    The County dispatches a specialized tax assessor to determine the fair and current market value of your home (usually this happens every couple of years, unless a purchase/sale of the home is completed to trigger a more immediate request for an updated value assessment). Once the value has been determined, the County is then able to assess Property Taxes against that value as a percentage. As mentioned earlier, the tax rate varies from one County to the next.

    Let’s take a look at the Counties we regularly buy houses from to better show you some differences:

    If you live somewhere in Dayton (anywhere in the metro area that falls within Montgomery County), you’re looking at a much higher Property Tax Rate than the rest of Southwestern Ohio.

    So what happens if you cannot pay your Property Taxes?

    Life happens sometimes, and you can fall behind on paying your taxes. At this point, the home is placed in a “Delinquent Taxes” status, and the County attempts to collect payment from you, with penalties and late fees added on top of your original bill. There is a window of time that you can pay these past due property taxes off and remain in good standing with the County (one calendar year). 

    However, once that window of time has passed, you will lose all rights to your home, and it will be sold out from underneath of you to satisfy the tax debt. Don’t let that happen to you! If you’re behind on paying your Property Taxes and it’s possible that you won’t get caught back up on them, you need to call us NOW to discuss your options to sell your home and avoid foreclosure. Even if you’re just seeking some information and you don’t seriously think you’ll need to sell your home, you should definitely still talk to us. We have a wealth of knowledge and experience in these situations, and we’re happy to help in any way that we can, whether we buy your house or not.

    Call Now! 513-815-5000

  • How to Avoid Foreclosure in Cincinnati & Dayton

    While the housing market is rebounding, many people in Cincinnati & Dayton] are still struggling to make their mortgage payments.

    If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose.

    Thankfully, there are a number of things that you can do to avoid foreclosure in Cincinnati & Dayton. It’s important to remember that moving quickly is absolutely paramount, and could save your credit rating and your home.

    So lets dive in on a couple quick tips on possibly how to avoid foreclosure in Cincinnati & Dayton with your home.

    The Keys of How To Avoid Foreclosure in Cincinnati & Dayton Don’t Abandon Ship

    Many people simply give up and walk away from their home. There are even areas of Cincinnati & Dayton have begun to resemble ghost towns, as the economy has impacted residents significantly.

    Detroit is a prime example of what can happen when people abandon their homes.

    This can be stressful situation, but it’s extremely important to keep your wits about you. A foreclosure will have a huge negative impact on your credit score, and likely prevent you from purchasing a home for years to come. If you sell your home, you could leave a portion of the loan unpaid, and the lender could pursue legal action against your for the unpaid portion.

    While it’s extremely stressful, you do have options:

    • Negotiate with your mortgage lender. Banks and other financial institutions are well aware that citizens of Cincinnati & Dayton are struggling. If you haven’t missed a payment yet, you may have some leverage to renegotiate the terms of your loan. Banks don’t like foreclosing on homes, and many will work with you if you aren’t too far behind. You may be offered forbearance, or even a full loan modification.

    • Ask for help from Uncle Sam. Over the last five years, the federal government has implemented a number of programs to help struggling homeowners. The Home Affordable Modification Program (HAMP) allows struggling homeowners to modify their loans, reducing monthly payments. The Home Affordable Refinance Program allows homeowners who are current on their mortgage payments refinance an adjustable rate mortgage into a low-interest, fixed rate loan. Both of these programs are subject to eligibility requirements.

    We understand that the possibility of losing your home can be stressful. You aren’t alone. Citizens all over Cincinnati & Dayton are going through the same troubles. Foreclosure can have a lasting effect on your financial life, and it’s important to move quickly and take advantage of any options available. You could save both your credit rating and remain in your home.

    We may be able to help you avoid foreclosure… connect with us today and lets discuss your situation. We don’t charge any fees… we’ll evaluate your situation… and present you your options so you can move forward and get this foreclosure behind you.

    Give us a call anytime at or
    fill out the form on this website today! >>

    Avoid Foreclosure Austin

  • What is a Pre-Foreclosure in Cincinnati & Dayton?

    With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process.

    So what is a pre-foreclosure in Cincinnati & Dayton anyway?

    Many homeowners across America and Cincinnati & Dayton are facing difficulties making their monthly mortgage payments.

    When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning, notifying the homeowner to pay or lose their home. This period is known as “pre-foreclosure.”

    Banks and mortgage lenders typically provide three months for the homeowner to become current.  Of course this number can vary by bank and situation sometimes.

    If a homeowner fails to make the necessary payments, the bank will foreclose on the home, assuming ownership, and evict the homeowner. Thankfully, during this stage of the foreclosure process, a mortgage holder has the opportunity to take advantage of several options to prevent losing their home.

    Pre-foreclosure Options for Borrowers

    If you’re behind on mortgage payments, you’re likely to receive a “notice of default” from your mortgage lender.

    This document will state that you have not made mortgage payments for the last 90-180 days. It’s important not to panic.

    You have options that can delay or even prevent losing your home:

    • If your mortgage is “above water,” (meaning you have equity in your house) you may be able to refinance your mortgage, receiving lower monthly payments.  Check with your local Cincinnati & Dayton mortgage broker… or contact us and we can connect you with a reputable one.
    • You may be able to quickly sell your home to a real estate investor that’s reputable in Cincinnati & Dayton like us at Ohio Cash Buyers LLC, using the cash acquired to pay the months of back-payments owed (or we *may* be able to work out something with the lender that relieves all or part of your back payments.We can buy your Cincinnati & Dayton OH area home quickly, often in just a week or two, will pay in cash, and takes the stress out of trying to find a buyer.
    • You can contact the bank and ask them to permit a short sale. In a short sale, you’ll sell your home for less than it’s worth, and the bank will take the loss as a tax write-off.  In some short sales you may still be required to pay the difference to the bank if the house doesn’t sell for what is owed on the loan.
    • You may be able to declare bankruptcy, which can buy you time to pay your debt. Bankruptcy will remain on your credit report for years, and can cause significant damage.

    Lenders are very much aware of the widespread financial troubles across the country and they’re willing to work with borrowers a lot of the time.

    If you’re honest and communicate with your lender, you’ll often find that there are options that will allow you to remain in your home, or at least salvage your credit rating.

    A foreclosure can often negatively affect your credit score by 200-400 points and can prevent you from obtaining a loan of any sort for 5-7 years, so be very dutiful if you’ve received a Notice of Default from your lender.

    But if you’re not able to find a solution with your lender working directly with them… connect with us. We may be able to help.

    Ways We Can Help If You’re In Pre-Foreclosure

    • We can potentially help with a short sale – Submit your info on this website so we can evaluate your situation to see if we can help.
    • We can buy your Cincinnati & Dayton area house – We buy houses in Cincinnati & Dayton and would love to make you an all-cash offer on your house too. Just fill out the form here to get started >>
    • You can ask us questions and we can provide you FREE guidance and resources so you can make a well educated decision. This costs you nothing, there’s absolutely no pressure, no obligation… just free guidance without a catch.

    If you’re in the pre-foreclosure stage… you’ve still got time to fix this situation.

    Just connect with your bank to see if they’re willing to work with you… or contact us if you’d like to see what we can buy your house for or to tap into our free foreclosure foreclosure resources.

    Want To Discuss Your Pre-Foreclosure Options? Call Us at
    Or, Submit Your Info Here To Get A Cash Offer On Your House >>

  • Foreclosure notice of default in OH– what is it?

    live in Cincinnati & Dayton and get a foreclosure notice of default?

    If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading.

    Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure.

    The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy).

    The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself.

    Although this can be really embarrassing to someone going through foreclosure, it’s actually a very important protection for consumers.

    Back before US law required a notice of default, people were sometimes foreclosed on without any warning.

    In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out of their house without due process or warning. It’s even happened around Middletown.

    The notice of default is a very important step within the foreclosure process that gives people with an interest in the property to step forward and claim their rights – before it’s too late.

    If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.

    Here are a few key steps you should take:

    1) Stay calm and don’t panic.

    This may sound obvious, but it’s probably the most important. Anyone in foreclosure is dealing with a lot of stress beyond just the property. These situations don’t happen overnight, and they take a while to solve. You’ll get through it by practicing good coping techniques and taking good care of yourself and your family. Panic leads to bad decisions, so stay cool.

    2) Educate yourself.

    Learn everything you can about the foreclosure process in your state so that you know what’s happening and what’s coming up next.

    3) Gather your resources.

    There’s also many non-profit and government resources available out there. You’ll want good legal and tax advice along the way. Definitely don’t try to do it all yourself. This stuff is super complicated with lots of rules.

    4) Learn your options.

    We’re here to help you avoid foreclosure. We buy houses with cash. We can help you with short sales and even rent-back situations so you (potentially) may be able to keep living in your home. There are many more options than you think.

    5) Communicate.

    The banks involved don’t want your property. They want money, and what you say matters a lot. You can slow down or stop the foreclosure process if you take the appropriate action.

    Want to know more?

    Call us anytime or connect with us on our website
    and we’ll lay out all of your options for your specific situation.

    Stop Foreclosure Austin

  • Can You Get Your House In Cincinnati & Dayton Back After Foreclosure?

    If you’re facing the possibility of foreclosure in the future, perhaps you are wondering can you get your house in Cincinnati & Dayton back after foreclosure. After all, you need a place to live!

    Unfortunately, after the court rules in the favor of your lender and agrees with the lender to proceed with foreclosure, it is very hard for you to get your house back.

    Instead of wondering can you get your house in Cincinnati & Dayton back after foreclosure, here’s another option…

    The good news is, if you’re not in foreclosure yet, you have options.

    The first and best option is to pay off your mortgage or work out a payment plan with your lender. They’ll prefer to keep you in your house and instead just collect the money owed to them.

    If that’s not an option for you at this time then you may decide to do what a lot of homeowners facing foreclosure are choosing to do: Sell your home before the home is foreclosed upon and pay the lender what is owed to them.

    While not an ideal option (because you’ll have to give up your house), it’s still a preferable option to foreclosure because you’ll have cleared up your debt to the bank and you won’t have the long-term impact to your credit score that a foreclosure would have.

    This option is proactive and long-term, which is why homeowners facing foreclosure love it: it’s proactive because you’re taking control of your financial situation; it’s long-term because you’re accepting the short-term discomfort of selling your home in exchange for the long-term benefit of a better credit rating.

    Here’s a secret to selling your Cincinnati & Dayton area home fast so the bank can’t take it

    You could work at trying to find a buyer to take your home. However, a faster and easier option is to find an investment firm that buys houses as-is for cash, fast. Instead of spending all of your time and energy trying to locate a buyer, there are many companies that can do this for you. Companies like Ohio Cash Buyers LLC will buy the house from you at a reduced price, and very quickly.

    Simply fill out our form and tell us about your house, or just call us at and let us know that you want to sell fast.

  • Help For Foreclosure In Cincinnati & Dayton – 3 Ways To Avoid Foreclosure

    Few things are more devastating to families than the prospect of foreclosure. You own your home and you love it — it serves you well. Yet, due to unfortunate circumstances, foreclosure may seem imminent.

    For local OH families facing foreclosure, the stress can be almost unbearable. Worse yet, the foreclosure process can take months or even years, stretching out the pain for longer than anyone wants.

    Fortunately, you have options available to you here in OH — perhaps more options than you realize. There are many strategies that help for foreclosure in Cincinnati & Dayton; these are legal foreclosure avoidance strategies you can implement to help you resolve your foreclosure issue so you can get on with your life.

    In this blog post, you’ll read about 3 ways that you can avoid foreclosure (there are other ways to avoid foreclosure as well). The goal of these strategies is to help you legally and ethically avoid foreclosure and reducing the pain and frustration that you’re facing, while minimizing any long-term financial commitment or burden to you. Not all of these strategies will apply in every situation but you’ll probably be able to find at least one of the three ways that will work for you.

    Strategy #1: Work out a deal with your lender

    The first strategy is called a “foreclosure workout”. In a foreclosure workout, you’ll sit down with your lender and tell them that you don’t think you can pay your current mortgage obligation but you’d like to figure something out so you can stay in your house and continue to pay your mortgage.

    Contrary to popular belief, lenders don’t want to foreclose! They want happy customers who pay their mortgages, so lenders are often willing to work with homeowners to figure out a deal. This might include a temporary reprieve on your mortgage payments, or it might include a catch-up strategy where your outstanding mortgage payments are spread out so you can catch-up and pay them off, or it might include a restructuring of the outstanding amounts that you owe.

    Strategy #2. Bankruptcy

    Filing for bankruptcy may seem like an extreme measure but it is one of the “tools” in your foreclosure avoidance toolbelt. When you file for bankruptcy, you indicate to all of your creditors that you are no longer able to pay your bills. Filing for bankruptcy will put a stop to the foreclosure process because all creditors must stop the collection process.

    Filing for bankruptcy, though, is a little extreme: it may require you to sell off some of your assets in order to pay off your creditors. And, a bankruptcy will remain on your credit score for many years, which could impact everything from getting a loan to getting a car… even getting a job. So this shouldn’t be your first line of defense!

    Strategy #3. Short sale help for a foreclosure in Cincinnati & Dayton

    A short sale is the third strategy — this is where you sell your home and put the proceeds of the sale toward the amount owing on your mortgage loan. A short sale is a preferred method for people facing foreclosure because it is proactive, fast, and very effective.

    • It’s proactive, which means that you take matters into your own hands (that’s a major stress eliminator because so much of the stress of foreclosure comes from the process being completely out of your control).
    • It’s fast — in some cases, you can sell your home in as little as a week! That’s also because it’s local: You can get help for foreclosure in Cincinnati & Dayton since organizations like Ohio Cash Buyers LLC help people going through short sales.
    • It’s very effective because a short sale can completely wipe out (or almost wipe out) the amount owing on your mortgage. If there is any amount left over that is not covered by the sale of the property, you’ll be responsible for it (although you can sometimes work out a deal with your lender).

    With a short sale, you still end up with the reality of having to leave your home but there is a bright side: The impact to your credit is much less (compared to a bankruptcy or a foreclosure) so this is a smart long-term play to give yourself some options.

    If you find that you’d love to sell your house to get out from under your OH foreclosure…

    Give us a call today at or click here to fill out the form and we’d like to make you a fair all-cash offer on your house.

  • Foreclosure Prevention Measures In Cincinnati & Dayton and the rest of Ohio

    Local Ohio homeowners who are facing a financial challenge may find themselves in foreclosure.

    Foreclosure is when the mortgage loan doesn’t get paid back and the bank begins the process to take ownership of the property to recoup its losses.

    If you find yourself entering the foreclosure process, you might wonder if there is anything you can do about it.

    In this blog post, you’ll read about a few foreclosure prevention measures in Cincinnati & Dayton that you can take to keep your home from foreclosure.

    Foreclosure prevention measures in Cincinnati & Dayton Ohio

    These foreclosure prevention measures might not all work in your situation but we’re telling you about them so you can make the decision for yourself:

    1. Pay off your mortgage / sell your property. The quickest and easiest way to end the foreclosure process is to pay off your mortgage. After all, this is all the banks wanted in the first place so they would be happy to let you stay in your home and they get their money back. Admittedly, this is not always possible, which is perhaps the reason that you’re in foreclosure in the first place.

    2. Work out a deal with your bank. Sometimes you can work out a deal with your bank where you sit down with a mortgage or foreclosure specialist and talk to them about changing the structure of your mortgage. Perhaps your payments get spread out so they are lower each month, for example. Just make sure that the deal works for you — you don’t want to just repeat the process.

    3. Do a short sale. A short sale is when you sell the property and use the proceeds of the sale to pay down or pay off your outstanding amount with the bank. This keeps a foreclosure from impacting your credit score and it gets the bank off your back!

    4. Give your deed in lieu. Another option would be a deed-in-lieu-of-foreclosure, which basically means that you will hand over the deed to your house to the bank and they agree not to put you through foreclosure. This will often only work if your house is worth approximately the amount owing on the mortgage. If not, the bank may pursue the difference.

    5. File for bankruptcy. In some ways, a bankruptcy is far more dramatic than a foreclosure because it impacts your whole life. However, once you file for bankruptcy, the foreclosure process has to stop so it’s still a foreclosure prevention measure.

    If you’re not sure which one to do, consider this: If you can afford payments and you want to stay in the house then a foreclosure workout arrangement (#2) is probably your best option.

    If you want to put everything behind you and move on with your life then consider selling your home and paying off your mortgage with that money.

    Considering selling your Ohio house?

    We buy houses in OH for cash and would love to see if we can help you during your short sale. Contact us by filling out the form on this page and we’ll see if we can work with you.

     

  • How to Avoid Foreclosure: The Last-Minute Save

    Real-Life Solutions to Real-Life Problems

    Going through a divorce. Facing a foreclosure. Every time he took one step forward to get things back on track, it felt like he fell two steps back. He was making progress, though. He was sure he’d be able to catch up on payments and save his house.

    We’d been following up with him regularly for months, so he knew exactly who to call when his home was put up for auction through the Sheriff (read more about how this happens directly at the Warren County website here). It was a warm Friday afternoon when he called us to see if we were still interested in purchasing his home. Tony answered the phone and assured him that yes, we were still very interested in buying the house. It was at that point that we discovered the house was scheduled to hit the auction block on Monday – the upcoming Monday, only THREE days away, at 8:00A.M. sharp!

    It was going to take a lot of carefully-placed moving pieces to make it happen, but we were more than ready for the challenge. We called our attorney. We put together our paperwork, met him at the property that afternoon, and got everything signed. We crossed all of our T’s and dotted all of our I’s.

    > Read more about selling a house when going through a Divorce here, then give us a call! <

    Tony was running up to the courthouse at 7:50A.M. that Monday with all of the necessary legal paperwork in-hand. The judge accepted, and we had bought ourselves a little more time to complete the title-work and close. We were by no means out of the woods yet, but we had completed the first (and hardest) step in the process, and we were eager to proceed.

    The next snag we hit was that due to the divorce not being totally finalized, the property was still deeded to both the homeowner AND his ex-wife. We’ve handled that exact situation many times before, so we started tackling that problem after we were done at the courthouse. As it turned out, his ex-wife had left town. Actually, she had left the country entirely! The homeowner wasn’t in close contact with her anymore, so we had to track her down and get her onboard and squared away, too.

    In the end, we were able to make it all work out, and created the best WIN-WIN situation we could for the homeowner, the ex-wife, and our team! Not only did the homeowner walk away with some cash from the sale to us, but he also saved his credit from taking an even bigger hit!

    Wondering How to Sell Your House in Foreclosure? Check this out!

    Download Your FREE Stop Foreclosure Guide Below

    Just put in your name and email, click “Submit” and we’ll email you the Free Guide right away.

    • We never rent, sell, or share your info with anyone. It’s not cool and we hate spam

    • This field is for validation purposes and should be left unchanged.