Frequently Asked Questions (FAQ)

Our process is simple and designed to work on your timeline:

• Contact Us – Fill out our online form or give us a call to tell us about your property and situation.
• Get an Offer – After reviewing your home, we present you with a fair, no-obligation cash offer.
• Choose Your Closing Date – If you accept the offer, you pick a closing date that works for you.
• Get Paid – At closing, you receive your cash payment, and we handle all the paperwork.

No! We buy homes in as-is condition, which means you don’t need to fix anything. You don’t have to worry about cleaning, remodeling, or making any improvements.

We can close in as little as 7–14 days, depending on your situation. If you need more time, we work with you to set a closing date that fits your needs.

No. Unlike traditional real estate sales, you don’t pay agent commissions, listing fees, or closing costs. Our process is straightforward, with no hidden fees.

Yes! If your home is in pre-foreclosure, there’s still time to act. We can help you stop the foreclosure process by securing a fast, fair cash offer for your home. This could save your credit and give you financial relief.

We base our cash offers on current market conditions, property condition, and comparable sales in your area. Our goal is to create a win-win situation, and we always provide transparent explanations of our offers.

Even if you have little to no equity, we may still be able to help. We have experience working with homeowners in tough financial situations and can explore creative solutions to help you move forward.

We buy all types of properties, including:

• Single-family homes
• Multi-family homes
• Condos and townhouses
• Rental properties
• Homes or Property in probate
• Homes and properties in pre-foreclosure
• Properties in Bankruptcy
• Foreclosure Properties
• Distressed Properties

Filing for bankruptcy is a serious life decision that can have drastic long-term effects on your livelihood. Be sure to consult with a Bankruptcy Attorney before making a decision. If needed, we can assist with getting you in contact with one.

If your property is in foreclosure and has an upcoming auction date scheduled, it is not too late! Our team is experienced in getting properties under contract and closed in record time. We can assist you with getting more time in your home and closing on your own terms. This will save you from having a foreclosure on your record and allow you to walk away on your own terms WITH money in your pocket!

A foreclosure on your record can significantly impact your credit score, making it difficult to obtain loans, rent an apartment, or even find a job, and it can stay on your credit report for seven years. 

Here’s a more detailed explanation of the consequences:

Impact on Credit Score:

• Significant Drop:
  A foreclosure typically causes a substantial drop in your credit score, potentially by 100 points or more. 
• Long-Term Effect:
  The negative impact on your credit score can last for seven years from the date of the first missed payment that led to the foreclosure. 
• Difficulty Obtaining Credit:
  Lenders view foreclosures as a serious negative event in your credit history, making it harder to qualify for loans like mortgages, car loans, or even credit cards. 
• Higher Interest Rates:
  Even if you can get a loan, you may face higher interest rates due to your lower credit score. 
• Impact on Other Areas:
  Some employers and landlords may also consider your credit history when making decisions about hiring or renting, so a foreclosure can impact these areas as well. 

Other Consequences:

• Loss of Property: Foreclosure results in the loss of your home.
• Eviction: You will be evicted from the property after the foreclosure process is complete.
• Potential for Remaining Debt: If the property sells for less than what you owe, you may still be responsible for the remaining debt. 

Contact Labros Property Holdings for an instant Cash offer on your home and move on your own terms!