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Email us to get Free Report on:
"Homeowners Mortgage Assignment Program" |
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We can help you sell any property FASTER by Assigning the Mortgage Payments to another buyer!
A mortgage assignment is perfect for homeowners that NEED TO SELL, but CANNOT AFFORD TO, because of the amount owed on the home, and/or the condition of the home. Mortgage Assignment Program is a unique solution that allows sellers to assign mortgage payments to a new buyer!
The Mortgage Assignment Program allows sellers to assign their mortgage payments to buyers so they can sell difficult to sell homes FAST and legally.
Today, most mortgages are not assumable, therefore we can utilize an effective (legal) process to assign the mortgage payments to a qualified buyer for almost any home (especially those with no equity).
In many cases, we already have buyers that want your home who have sufficient income and down payments needed to buy your home and make the mortgage payments.
This is a perfect alternative to a short sale and can be completed in a fraction of the time.
*Note to agents* - Now you can help your clients sell properties even with little, no, or negative equity.
What is a Mortgage Assignment?
A mortgage assignment by definition is: An instrument transferring the secured rights of a mortgage to another party by the original party which possessed those rights.
How does this work?
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You will be provided with all the necessary paperwork to get the process started. |
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Once completed, we can obtain additional mortgage documents from you needed to create closing documents. |
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The sales contract (i.e. property) can then be marketed or offered to prospective buyers (we have a large list of buyers who are great potential candidates) |
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When a buyer is found all required paperwork will be given to the title company or closing attorney and a closing will be scheduled for all parties. |
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The title company or closing attorney will prepare the closing documents and coordinate a closing with all parties. |
What are the fees?
There are no upfront fees associated with this program. All we ask is that you
give us a strong upfront commitment to sell your home. In some situations it may be necessary for the homeowner to pay some closing costs at the time of sale.
What are the Advantages?
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Allows a homeowner to quickly sell an impossible home to sell |
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Avoid foreclosure (if the homeowner can no longer afford the home) |
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Does not require seller to bring thousands of dollars to closing – in
cases where the home has little, no, or negative equity |
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Superior to renting – the home is actually SOLD, therefore the seller does not have
to worry about maintaining the home |
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Typically a better option than a Short Sale |
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Your credit improves (or gets repaired) from the payments being made |
What are the Disadvantages?
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Your name stays on the loan |
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The reason that a buyer wants your home is because it comes with
financing! To make that happen, the existing loan(s) must be left in place. |
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Buyer could default on payments |
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see below for possible outcomes |
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Lender could call the loan due (Due On Sale) |
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Highly unlikely and very rarely happens. Especially in today's market, banks are not looking to take back anymore properties. Worst case scenario, if a
lender did choose to exercise the "due on sale" clause, the buyer would be required to
refinance the loan. |
What if the Buyers Default?
While it is possible the buyers may default on payments, we still have options available to us. Additionally, you might even be in a better position. Here are some possible outcomes:
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We can do the same process with a new buyer. |
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3/4/5 years down the road may mean we are in a better market than we are now. You (the seller) will have 3/4/5 years of built up equity you didn't even pay for and we might be able to sell the house traditionally. |
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3/4/5 years down the road, you may very well be in a better position financially, you may want the house back or you may want to keep it as an investment property. |
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