Stop Foreclosure and Stay in Your Home!

fill in the quick form below to sell your houseYes, that’s right!  We have a program that allows you to stop foreclosure (avoid foreclosure) and to stay in your home.  If you need some time to get back on your feet financially, this program might be right for you.

In end, foreclosure is never fun and it doesn’t typically end well.  Hopefully, our program with allow you to avoid foreclosure and stay in your home.  This is not a loan.  There are no W2s needed, no bank statements, and no repairs to your property requested.

Here’s how it works.

  1. We’ll pay all of your past due mortgage payments, past due HOA fees and past due taxes (if any).   You sell your property to us and rent it back.  You then have one year to buy the house back from us.

2. During that year, you would pay us monthly rent that is computed as the total of your existing mortgage payment (principal, interest, taxes and insurance), your HOA fee (if any), and an option fee (typically $200 – yes our investors need to eat too).  Or course, we’ll use that monthly payment to pay the mortgage and the HOA fee.

3. When you’re ready to buy the property back (anytime within a year), you’d simply pay us an agreed upon amount (slightly more than what we paid for the home = our profit).  Your existing mortgage would stay in place (so that when you buy your home back you would not need to get a new mortgage).

This program is great for someone who’s had a temporary financial setback, but expects to financially recover within a year.  For example, the program is great for someone who lost their job but expects to start work soon so that they can make their monthly payments.

The program is NOT suitable for someone who has no realistic expectations of sufficient revenue to make their monthly payments.

To get a preliminary offer by email, just fill out the form below and include:

  1. The full address of your home (include the city and state)
  2. The amount of your normal monthly payments (HOA and mortgage(s)).
  3. If you know, how much money it will take to bring your monthly payments current (including fees).

If you don’t know these, it’s not a problem.  However, this information can be found on a recent mortgage statement and an HOA (Home Owner’s Association) statement (if any).  If you have them, the easiest way would be to just snap a picture and text them to 702-803-2274.

If this program doesn’t work for you, we’d be happy to make you an offer to purchase your home in a traditional manner.  We’ll make sure you have funds to move into a new place.

Frequently Asked Questions about this Program

What are the requirements for the program?

The primary requirement is that you have at least 40% equity in your home.  If you don’t know how much equity you have, contact us and we’ll help you figure it out.

Can the option to buy my home back last more than one year?

On occasion we will agree to an option for more than one year.

Are there any real estate broker commissions?

No.

Can I buy my house back after the one year option period?

After one year you will need to leave your home if you do not purchase the home back.  We will likely renovate the home and put it back on the market at the then fair market price.  You may be able to repurchase the home, but it will be at fair market and not at the lower option price.

How do I buy my house back?

You would simply contact us (call or email) and let us know.  The title company will schedule closing.  You will simply need to provide your funds to the title company prior to closing.

Where do I get the money to buy my home back?

Your existing mortgage will remain in place.  So the total funds needed is typically relatively small.  The funds could come from a personal loan, an inheritance, or even a title loan.  If interested in the program, contact us and we can provide you with detailed numbers for your home.

What happens if I miss a rent payment?

If you miss a rent payment, you will need to vacate the home (or be evicted).  Additionally, your option to re-purchase the home at the option price will be terminated.  Please do not pursue this program if you are not confident you can make the monthly rent payments.

How do I learn more or get started?

If interested, please call us, email us or complete the form below.   Feel free to ask any questions you may have.  If interested in moving forward, we’ll provide you with a detailed offer that includes your monthly rent payment and the re-purchase price.

To get a preliminary offer by email, just fill out the form below and include:

  1. The full address of your home (include the city and state)
  2. The amount of your normal monthly payments (HOA and mortgage(s)).
  3. If you know, how much money it will take to bring your monthly payments current (including fees).

If you don’t know these, it’s not a problem. However, this information can be found on a recent mortgage statement and an HOA (Home Owner’s Association) statement (if any).  If you have them, the easiest way would be to just snap a picture and text them to 702-803-2274 or email them to us at iBuyHouses at Post.com.

What are my other options?

You can sell you home to net some cash.  Most buyers will want you to move out so they can either move in or renovate the home.  We’d be happy to make you an offer.

If you want to get started,  or just want more info, just fill out the quick form below. Or give us a call right now at 702-803-CASH.

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Fill out the quick form below or call us at 702-803-CASH to get more info or to get started TODAY!

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