How Many House Payments Can Be Missed Before Foreclosure?
At Purple Mountain Holdings, we understand that difficult situations happen in life. In the event that a homeowner cannot keep up with monthly payments on a mortgage, they are at risk of foreclosure. Foreclosure is a legal process in which the bank or lender that…
How to Sell Your Sinkhole House
Believe it or not, it is possible to sell a sinkhole house. This generally requires a sinkhole that can be repaired or has already been repaired, at least if you go the traditional route, but there are other options. We go over some here. Call…
How to Valuate Your House
Thinking about selling your house? Then it’s smart to have at least a general idea of what your property is worth. So how do you determine that? There are several factors that help determine the fair market value of your home, including the current real…
Renting at a Negative Cash Flow vs. Selling for a Loss
You have a property that costs you $2,000 a month. But you can only really rent it out in your area for $1,500 a month. Should you continue renting it at a negative cash flow, or should you sell the property at a loss? It’s…
Selling Divorce Property: What You Should Know
When you get a divorce, it’s often just easier to sell your property. Sure, you could try to divide it, but should you? Unlike cash, homes cannot be split down the middle. That being said, it can take a lot of time and a lot…
How to Prepare to Sell Your House in Colorado Springs
If you own a home in Colorado Springs or any other nearby town, and you want to sell it as quickly as possible without spending time and money on preparing it for sale, Purple Mountain Holdings is ready to help you. We are a locally…
How to Sell a Hoarder House
It’s estimated that between 5 and 14 million Americans are compulsive hoarders. So if you have a family member or a loved one who suffers from this disorder, you are not alone. If someone close to you is a hoarder and passes away, or you…
How to Sell Inherited Property
Inheriting a property can be an unexpected blessing or a major inconvenience. Either way, it’s typically an emotional process that can be difficult to understand if you’re not prepared. Here is a helpful guide to show you how to sell an inherited property if you…
What Are the Most Expensive Home Repairs?
Homeownership is not cheap, and it comes with headaches, such as regular fixes and repairs. The average homeowner spends over $4,000 on emergency and routine repairs. Some repairs are not expensive, while others may cost you a fortune. Here is a list of the most…
What Is the Process for Selling a House?
You’re ready to sell your home. But you’ve only experienced the sales process from the other side. What does it actually look like to sell a house? What are you going to need to go through, and how long is it going to take? The…