Distressed Properties: Options for Distressed Seller

A distressed property, in real estate terminology, means that a property is under foreclosure and is up for sale by the mortgagee. Characteristics of distressed property are oftentimes having a negative impact on the fair market value of the property. It is being sold by land owner to avoid foreclosure and at the same time to try and cut the financial loses.

If you are one of the land owners with distressed property, know that you are not alone. It is a sad fact that facing foreclosure is an overwhelming experience, but there are several options for distressed sellers other than foreclosure. If you missed payments for temporary reasons that have been remedied, you have the option to reinstate the mortgage. Reinstatement is the easiest way to avoid foreclosure as it does not need the mortgagor or lender’s approval. You can simply ask the total amount, which includes missed payments, late fees and legal fees, owed to date and pay for it. Once the delinquent amount is paid in full, the mortgage is reinstated.

Another option to consider is forbearance or re-payment plan. The good thing with re-payment plan is it allows the owner to pay the delinquent amount over time; however, owner is required to submit a financial documentation proving that he will be able to comply with the terms of repayment plan. In forbearance, lender will add the missed payments on top of the regular loan amortization for a period of time, for example, 12 months. Once the owner completes the 12^th payment, the mortgage will go back to its regular amount.

In the event that the land owner can’t qualify for the two options mentioned earlier, he has the option to sell his land via short sale. This process involves putting the land on the market and the owner must have financial hardship to qualify. In this case, financial hardship is no longer in question. It is just a matter of presenting the necessary documents as proofs of financial hardship. Short sale allows the owner to salvage his credit score and keep the foreclosure off his record. While short sale seems straightforward, it is a complicated process and needs the expertise of experienced professionals. To keep yourself free from stress over short sale, you can sell your land to Lucas Properties LLC. Lucas Properties provides cash for distressed properties minus the hassle of traditional selling process.

Spring Weddings & Sunny Land Sales

Spring weddings are the epitome of a fresh start. The most popular time to embrace a new life is when new flowers start to bloom from under the cold, melted blanket of a snowy, slippery winter. And, too, it’s when the sun seems to shine a little brighter, and the sound of children playing outside resonates throughout the neighborhoods that the sentiment for family becomes the most memorable for some. So, it’s no surprise that many a bride have been spotted sealing their union to their groom with a kiss under a magnolia tree in the church courtyard, or by a lake at the local park. Surely, that day is unforgettable. However, getting to that point is always a different story.


Of one of the many things that people need when planning a wedding, money is at the very top of the list. And that’s because, during this process, everything costs something. From small, intimate weddings to platinum weddings, there is a cost for even the minimal things. That is, the marriage license, the wedding officiator, a venue with seating, the wedding rings, the tux, and—you guessed it—the WEDDING DRESS! And though these things are easily attainable for some people, what do you do if you don’t have enough money to purchase what’s absolutely necessary and (not to mention) all of the extras?

Well, the first thing you must do is keep calm. TRY NOT TO PANIC. And if you’re a land owner of raw land, you should know that you have a sellable asset that you can gain a profit from in a short amount of time. Yes, it’s true. Raw land sales to private land investors can increase you with a cash profit in as little as seven days. Typically, according to the current national rate, a land investor can potentially offer you between 5% and 25% of the fair market value of your land if you are looking to sell. And, also, with a guaranteed quick closing comes the added benefit of your debts on the land being paid off on your behalf at the finalization of the sale. Overall, that means no closing costs and no fees for you—absolutely no cost whatsoever to you! Not at any time.

This method of sale is an increasing precedent and benefit to land owners who don’t plan on developing their raw land to cash in on the parcels and cover life’s necessities; including weddings! It’s a distressed property solution that so many people have benefited from and are always happy that they made. As you make plans for a happy ceremony of matrimony (or help someone else to do so), consider whether or not you’re a candidate for this manner of sale and how it might benefit you.

Owe No More - We Buy Land

Let’s just be straight forward, here. It is not fun to owe people money. Though you’re probably one of those people who do their very best to always pay their bills in full and on time, financial upsets can and do happen. And when they do happen, most people worry or panic or fear. But, let’s face it; stewing in your own stress juices isn’t the most productive avenue to take. In fact, a more prosperous road to travel might be one of your taking stock of the material possessions that you own, that you no longer want, and wouldn’t mind selling in order to cut down your debts. Those things could include jewelry, fashionable shoes, name brand clothing and accessories, or computer equipment; even, cars, houses, and land. Yes, land; raw land, to be exact.


If you’re a land owner, you already know that good raw land, at some point, is meant to be developed upon. The most benefit from oceanfront parcels, for example, comes from having a big picture window to stare out at it from. But, if you’ve hit a stumbling block and can’t develop upon your land in the wake of other financial troubles, you might want to consider relinquishing a profit from your land that could help to pay your debts. Surely, just the thought of someday waking to the sound of the tide coming in is appealing. But it might not replace the peace of mind that you’d get from knowing that you’re in right financial standing with others.

So, if you’re in need of a distressed property solution and you’d like more information on how you can quickly sale your land for cash, get in touch with Lucas Properties, LLC. Whatever your land type and whatever your financial woes, there is a caring land investment expert who can help you through the process of making a successful and stress free sale.