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So how do you actually get creative in these situations??
Why would we pay your mortgage payments?
We would be taking ownership of your property to protect our own interest in the property subject to the existing mortgage and making the normal mortgage payments, taxes, insurance etc.
At this point legally it’s our house now and we’ll be making improvements to the property that need to be made as well as all the payments on time moving forward. Because we will be making payments on the property but the mortgage is staying in your name, we will be helping to fix your credit, allowing you to move somewhere else that would be cheaper to save money and pay down the rest of your bills. Putting you in a position where you can become approved for another loan in the future..
If you are attached to your home and don’t want to see it go forever we would also write up a separate contract to allow you to buy your old house back from us at the current market value at the time of wanting to purchase it. We would give you a 3 year period to buy your house back from us prohibiting us from selling it to anyone else during this period of time. This allows you enough time to put yourself in a better situation and not lose your home for good.
Depending on your situation we can also make sure you don’t leave empty handed and get you some $ to help you reestablish yourself.
If you would like to discuss this option, please fill out the form below and schedule a consultation with us to determine how we can help.
That’s right, we will get rid of your foreclosure and make you the lender! So how does it work?
So just as in our last breakdown where we pay the mortgage for you, say that you also have significant equity in the property and it pains you even more knowing you’re losing your equity along with your home. What we can do is, we would be taking ownership of your property to protect our own interest in the property subject to the existing mortgage and making the normal mortgage payments, taxes, insurance etc.
This is all the same as the last option, however, we would also agree to terms on paying you for a determined amount of equity in your property. In this situation, not only will you not be losing the house outright and not only will we be making payments on the mortgage for you helping to establish a positive payment history on your home, we would also be turning you into the lender reversing your situation and getting you paid. Where you would have ended up losing all of your equity you’re now able to benefit from it.
Last 2 options still didn’t work?
Don’t worry we’ve got a bunch more tricks up our sleeves to try to make things work for you. Every foreclosure situation is different and none of them are easy to go through, not emotionally or physically as it is very stressful times. We understand this and because of that we don’t want to make this seem more complicated then it has to be. While typically we dont have to resort to methods past the ones previously listed we want you to feel confident that we do have them at our disposal if need be.
Either way if you got to this point and still are not sure what to do that’s okay, that is why you are here in the first place, so we can help you figure it out.
Click the button below to talk with someone on our team so we can find out more about your situation and cover the options available to you.
So weve discussed all the other methods and none of them worked, what now?
If all else fails and we cant find terms that work for us to help you out, we still have options. Obviously we can not help everyone but it doesn’t mean we cant find others to help where we cant! Peerless Property Solutions is all about just that “finding Solutions” to your problems. We are well established and connected to over one hundred thousand investors all over the country that will be willing to look over your property to try to come to terms that will work in your favor.
Honestly doing anything at this point is better then doing nothing as if you go into foreclosure you will risk losing your home, ruining your credit, and even having to pay the bank back for any amount they cant collect in the foreclosure sale along with all other fees incurred. If you’re reading this then that means its not too late. Fill out the form below and book a time to meet with us to discuss your options.