Home Purchasing
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We purchase homes listed with your realtor that are on the market, as well as homes that cannot be listed with a realtor, yet you still need to sell the property.
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Are you looking to sell your home but facing challenges in securing a list price offer? We have the solution – we can buy your home at or close to the list price by offering seller financing and structuring favorable terms.
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After discussing how we can assist you with your situation, we can provide a cash offer and expedite the closing process. This is advantageous for individuals who need to make a swift change but aren't prepared to be listed on the MLS.
Seller Finance FAQs
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Line 203 of the HUD closing statement is for the purpose of buying a house subject to the existing mortgage. The mortgage will remain in your name and the deed will be transferred to us. Many sellers actually want their name on the loan, because their credit will be improving with our timely payments. In Addition with the loan in your name you avoid Capitol Gains tax and you can still claim depreciation on your taxes.
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We use a nationwide debt servicing company that basically takes the funds from our account every month to cover the mortgage. They will provide you with proof of the fact that the payments are being made, which should solve your debt to income ratio after several payments have been made.
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We use a nationwide debt servicing company to make the payments every month on the first of the month. They are licensed to make the payments and will take the funds from our bank account. We are in this to make money and we make well calculated decisions. We don't foresee ever having to miss a payment as we set aside funds for vacancies. In a worse case scenario, we will quickly deed the house back to you, and you will not have to foreclose. You would keep our deposit, you'd benefit from the paydown of the loan, the increase in value, and you'd get the home back in with any improvements that we made to it along the way. At that point you could sell it and make a profit, rent it, or keep it.
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Banks only care about getting their payments. The due on sale clause is a real thing and it's something to be aware of, however, we take all the necessary precautions to not have it called due. Only 1 in 1000 loans get called due and it's usually because payments haven't been made. In that case, we'll simply call the bank and let them know that we are making the payments.
Interested in selling your home to us?
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Want to learn more?
Check out our services and book a consultation with us.
We’ll prepare a proposal and walk you through every step of the process.