An owner in Wilmington facing foreclosure is working against a date somebody else set. Which options are still open depends on the lender, on how much equity is in the house, and on how much time is left, and those three things vary enormously across this market. A house held for twenty years and a house bought three years ago are not in the same position, even on the same street.
Chris Baynes is a Certified Distressed Property Expert, trained on the choices available to owners in that position, and he has worked with distressed and upside-down sellers through more than one market cycle, the crash included. Chris Baynes & Associates still takes these sales today. He is not an attorney, a lender, or a credit counselor, and questions belonging to those professionals get sent to them rather than guessed at.
Where the team helps is getting a property sold inside the time available. A hardship listing runs on the same 26-point marketing plan as any other, and while homes in New Hanover County average 58 days on the market, listings sold by Chris Baynes reach contract in a median of 17.5 days.
Wilmington homeowners in a hardship situation can call Chris Baynes & Associates, part of Coldwell Banker Sea Coast Advantage, at 910-470-4408. The first conversation costs nothing.
Frequently Asked Questions
What determines which options are still open?
The lender, how much equity is in the house, and how much time is left. Those three vary enormously across this market, and a house held for twenty years and one bought three years ago are not in the same position even on the same street.
What is a Certified Distressed Property Expert?
A designation Chris Baynes holds, covering the choices available to owners facing foreclosure. He has worked with distressed and upside-down sellers through more than one market cycle, the crash included, and the team still takes these sales today.
Can the agent give legal or credit advice?
No. Chris Baynes is not an attorney, a lender or a credit counselor, and questions belonging to those professionals get sent to them rather than guessed at.
How quickly can the house sell?
A hardship listing runs on the same 26-point marketing plan as any other. Speed is the whole point when a lender sets the calendar: the county average sits at 58 days on market, and the median listing sold by Chris Baynes is under contract in 17.5. The first conversation costs nothing.