Battling the Foreclosure Crisis in Rhode Island and How We Buy Houses RI Can Help
One in every ten households is facing active foreclosure right now in Rhode Island. That does not account for the over 10,000 households that are currently behind in their mortgage payments. Because, of Covid many households are forced to reconsider their housing needs, all the while the housing crisis of 2007-2009 lingers in their minds. Avi K from We Buy Houses RI is specifically qualified to help Rhode Islanders avoid the horrible process of foreclosure regardless of their circumstances.
PROVIDENCE, R.I., March 24, 2021 /PRNewswire-PRWeb/ -- One in every ten households is facing active foreclosure right now in Rhode Island. That does not account for the over 10,000 households that are currently behind in their mortgage payments. Because, of Covid many households are forced to reconsider their housing needs, all the while the housing crisis of 2007-2009 lingers in their minds.
Avi K from We Buy Houses RI is specifically qualified to help Rhode Islanders avoid the horrible process of foreclosure regardless of their circumstances. He says that, "Many Americans are feeling trapped into the decision to foreclose on their home due to Covid, job loss or other extenuating circumstances. Foreclosed properties do not just impact the home-owners but also the entire surrounding neighborhood. With over 120,000 Covid cases and 2,500 deaths we find ourselves in uncharted territory. Many people are thinking 'I need to sell my house fast RI.'"
Every Rhode Island household and community suffers from the Rhode Island foreclosure crisis. Homes within a 300-foot radius of a foreclosed property can lose up to 1% of their value. A foreclosed property drastically erodes the tax base putting undue pressure on the municipalities to raise taxes on other property owners. Finally, a foreclosure can cost municipalities as must as $34,000 for a single property. Couple this with high unemployment rates from the Covid crisis and Rhode Islanders are facing an uncertain future.
However, We Buy Houses RI and other companies like them offer solutions. They can offer you an all-cash offer for your home in any condition that it is in, with no commission or fees. In this time of uncertainty this gives homeowners a new outlook on life. This means that in this dark time there is a light on the horizon for many Rhode Islanders.
About We Buy Houses RI
Based out of Providence, Rhode Island, We Buy Houses RI is a real estate solution and investment firm that specializes in helping homeowners get rid of burdensome houses fast. They are investors and problem solvers who can buy a house fast with a fair all-cash offer.
Media Contact:
Name: Avi K
Phone: (401) 489-1922
Email: [email protected]
Website: http://www.WeBuyHouseRI.com
Click Here to learn more
Media Contact
We Buy Houses RI, A&E Services, 401-489-1922, [email protected]
SOURCE We Buy Houses RI
Share this article