Frequently Asked Questions
CASH PURCHASE
Q: I have equity in my home and need to sell quickly.
A: We are cash buyers and can close quickly. If you need to sell quickly, contact us and one of our team members will discuss
your options with no obligation. Call or fill out our Homeowner's Form on this website to get started.
Q: How does the process work to sell my house to Lincoln-Steele?
A: After contacting one of our team members, we can start the process and will contact you if we need to gather any additional
information. We may be able to make you an offer on the phone, or in some cases will schedule a time with you to view the
property. Once the offer has been made you are under no obligation. If you decide to sell your house our home buyer should
be able to close within 15 - 30 days, or quicker depending on your individual situation.
Q: What types of houses do you buy?
A: We buy ALL types of houses! Any Condition, Any Location, and Any Price Range. Everything from a run-down old shack
sliding off its foundation to multi-million dollar mansions that need no repairs at all.
Q: Are there any fees involved?
A: NO! We do not charge any fees to make an offer or to buy your house. That includes NO real estate commissions!
Q: Am I under any obligation if I fill out the form or you make an offer?
A: Lincoln-Steele is a Southern California network of real estate professionals who buy houses for cash. Our team has years
of experience with just about every problem possible related to real estate.
Q: I see a lot of "We Buy Houses" and "Sell Your House Fast" advertisements, is this Lincoln-Steele?
A: No! Lincoln-Steele are your local Real Estate Investors, and are not associated with signs posted on telephone poles and
traffic light poles, saying "We Buy Houses", "We Buy Ugly Houses", "I Buy Houses", etc. Just like you, we don't like seeing
our neighborhoods littered with repetitive signs on our corners. Not to mention that those signs are in violation of city
ordinances. Have you ever seen someone posting those signs in the "light of day"? They are usually posted well after dark,
its obvious why.
Would you trust your housing situation to a company that violates the law and litters your neighborhoods? We don't do
business that way! Remember our motto: "A New Style of Investing, A New Way of Thinking", we mean that.
Q: Where do you buy houses?
A: We buy houses in Southern California, currently focusing in the Riverside county area.
Q: Who sells houses to Lincoln-Steele?
A: All types of people! Any situation where someone would like to sell quickly for cash. This includes:
· trying to sell with an agent with no results
· wanting to avoid real estate commissions
· inheriting a property
· landlords tired of dealing with renters
· needing to sell quickly due to divorce
· title issues
· facing a job transfer or relocating
· owners behind on payments
· dealing with a foreclosure
· in bankruptcy
· people with houses that need major and expensive repairs
· vacant houses
· and many more reasons!
Anyone who wants to deal with a reliable, professional company who puts integrity above profits and is willing to go the extra
mile to ensure a quick closing with minimum hassles.
FINAL NOTE on Cash Purchase:
A homeowner is NEVER charged money in a Cash Purchase.
NEVER sign a contract that has blanks.
NEVER sign a contract you don't understand.
NEVER be pressured into signing a contract.
If you are unsure about the Cash Purchase process, ask questions and keeping asking until you are comfortable.
The following does not substitute for attorney and/or tax accountant information on the subject of Short Sales. Take the time to
educate and seek the professional services of a real estate attorney and tax accountant. It is your responsibility to look out for
your property.
SHORT SALES
Q: What is a Short Sale?
A: A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Short sales usually occur
when the homeowner is facing foreclosure. Many lenders will agree to accept the proceeds of a short sale and forgive the
rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the
lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what is owed.
Q: How does a Foreclosure, Deed-in-Lieu or Short Sale affect me?
A: A foreclosure is significantly more devastating to your credit than other alternatives. Having your home foreclosed upon can
be reported on your credit history for up to 7 years. This will affect your eligibility to purchase another home, future credit
availability and could even jeopardize future employment opportunities.
A deed-in-lieu of foreclosure is when a homeowner gives the deed back to the bank voluntarily. Although you save the bank the
expense and time of foreclosing there is little benefit to you as the homeowner. That time and expense is then transferred to
you as you will be forced to forfeit the property immediately. A deed-in-lieu still leaves you ineligible to purchase a home for up
to 7 years. Furthermore it may be reported on your credit report using a code that indicates a deed-in-lieu.
In the case of a short sale you will be able to remain in the property during the short sale process, allowing you ample time to
make alternative living arrangements. Most importantly it will be reported as “paid in full” with a “settled for less than owed”
code making you eligible to purchase a home in as little as 2 years. You should also be aware of possible tax implications,
always seek the advice of an accountant or tax professional.
FINAL NOTE on Short Sales:
Only work with an experienced Realtor who has a track record of successfully completed Short Sales.
Short Sales are NOT a quick fix, it will take time and your full cooperation.
If anyone charges you ANY money to do a Short Sale - RUN don't walk away, it's a scam.
Always get a 1099 from you lender clearing you of all liability/debt before the completion of a Short Sale.
REFERRALS
Q: There is a vacant house on my block, should I contact Lincoln-Steele?
A: Absolutely! We can track down the owner and make them a cash offer. If we purchase the house it will be quickly fixed up and
increase your property value and that of your neighbors!
WHAT'S NEXT?
Q: I still have questions! Contact us by clicking
our Call Me icon to the
right. Enter your name
and phone number to
be connected. |
A: Call or E-mail us with your questions and we will answer
them as quickly as possible.
Q: OK, I'm ready!
A: Great! Click the phone to the right and let's get started.