Developing Home Solutions Helps Struggling
Washington Homeowners Unlock Opportunities
Company Connects Investors with Homeowners Considering Short Sales or Facing Foreclosure
SEATTLE - July 20, 2010 - Washington homeowners facing foreclosure or considering waiting for months trying to short sale their home now have a brand new option to free themselves from their mortgage. Bainbridge Island, Wash.-based Developing Home Solutions is working hard with homeowners across the state to purchase their home to avoid foreclosure.
"Our program could help thousands of homeowners all over the State of Washington get out from under their mortgage and restart their lives," said Thomas Dault with Developing Home Solutions. "Best of all it would help all of the cities recover property taxes that have vaporized from the housing bubble."
According to Dault, if he could secure investors for the approximately 3,000 current short sale properties across the State of Washington, he could add more than $26 million dollars in revenue for cities, counties and the state from taxes on the sales. Commissions for the real estate industry professionals would put more than $45 million in the local economies and the money used to repair the homes instead of letting them sit vacant for months would amount to $6.2 million.
Add in the $394,000 in potential recording fees and it's easy to see the impact Developing Home Solutions could have in the current housing crisis.
"Let's not allow these bailed out banks to foreclose on our homes in Washington," he said. "Instead, let's make this deficit go away as a community. After all, when a bank forecloses on a home and takes back the property, they are not subject to taxation. Then the property sits vacant for months and everyone is hurt."
Developing Home Solutions is a grouop of investors that purchase all types of homes, including high-end homes and others needing a little extra tender loving care. The homes can traditionally be closed within a 30-60 day window while paying for full real estate commissions and necessary home repairs before turning them over as quality rentals.
"Help your friends out that need some extra help and tell them to call a real estate investor today," Dault said.
To contact Developing Home Solutions about finding a solution to your short sale or foreclosure situation, please visit their website at www.developinghomesolutions.com or call 360-204-3396.
Media Contact:
Thomas Dault
Developing Home Solutions
Phone: 360-204-3396
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