SELL YOUR DAMAGED PROPERTY

We purchase damaged properties for cash! We make it easy for you to sell your property regardless of the situation.

Call Now
Read More

Mission:

M.R.S. Properties LLC is a company specializing in the acquisition of fire damaged houses with purchases directly from the homeowner. (Non-fire damaged properties can also be acquired)

Scenario:

You’ve had a fire and some time has passed, maybe a couple of months, and you have begun to realize that you’re in for a long road ahead. Settling the claim is a slow process and your insurance company may not be treating you fairly. Finding a reputable contractor can also be challenging and it is clear that a year or more will be needed for your home to be rebuilt. This scenario is all too common for individuals who have suffered through the heartache of a fire. Unless you have had a fire before you have no way of knowing what your rights are or what you are entitled to and even then there is so much that is still unknown.

Maximize Claims:

The founder of M.R.S. Properties LLC has more than 25 years of experience as a contractor rebuilding fire-damaged homes and is an expert in negotiating with insurance companies in order to maximize claim dollar amounts. Many times it can be more financially advantageous for the homeowner to sell the damaged property as is while maximizing the insurance claim and moving on with their lives.

Claim Assistance:

As part of our service, we offer to help settle your insurance claim so you know exactly how much money you will be receiving from it. This maximization of your claim ensures you walk away from the property in the best possible financial position. An insurance claim is a moving target and 1st or 2nd or 3rd or more adjustments to the claim are typical. Especially in larger losses with extensive damage. This claim assistance service is offered as a courtesy and it’s the homeowners’ decision if they feel it can add additional benefit.

Frequently Asked Questions

I owe money on my house, can I still sell it? How is the insurance money related to this?

Yes, you can still sell your house if you have a mortgage. The insurance claim money will still be paid to you.

I have already hired a contractor, can I still sell my house? What about the contract I signed with them?

Yes, you can still sell your house. A homeowner is entitled to pay a contractor for the work performed to date, not the full value of the contract for repairs. You can contact the Contractor’s State License Board (CSLB) to verify this at www.cslb.ca.gov or 1-800-321-CSLB.

I am a private person who is not comfortable discussing my mortgage and insurance claim information, can we do anything to alleviate my concerns?

A confidentiality agreement is available if desired to ensure that any discussions that take place will be in the utmost confidence making it against the law for M.R.S Properties LLC to discuss this information with anyone but you.

I understand that a portion of the insurance claim known as Recoverable Depreciation is only paid when the house repairs are completed. What about this money?

M.R.S. Properties LLC successfully obtains the Recoverable Depreciation money and it can be part of the purchase transaction, thus not leaving any monies with your insurance company uncaptured and this will be further discussed when meeting with the homeowner. The same is true of any and all insurance money paid for Code Upgrades.

I did not have insurance on my house when the fire occurred, can M.R.S. Properties LLC still buy my property?

Yes, you can still sell your house if there is not insurance money involved. Unfortunately, some people do not carry insurance on their properties.

I know that there are fees involved with the sale of a home, how much will these cost me?

The only fees involved will be those associated with the title company. There is no need to involve any realtors which are the majority of costs affiliated with real estate transactions. M.R.S. Properties LLC will pay for all title company closing costs.

How long will it take to get the deal done, and how long until I have the money from the sale.

The purchase will be a cash transaction, no lender, so typically a 10-day escrow is sufficient to complete the sale. Your money will be issued to you by the title company immediately upon the close of escrow in the form of a cashier’s check or wire transfer directly into your bank account.

Contact