Frequently Asked Questions
Foreclosure Solutions with Our Partnership
What does it mean to “partner” with you on selling my home?
We work with homeowners who are facing foreclosure to create a solution that benefits both parties. By partnering with us, you agree to sell your home to us for the remaining mortgage balance. We then handle the process of selling the home on the open market and share a portion of the net profits with you.
How does this help me avoid foreclosure?
Selling your home before the foreclosure auction stops the foreclosure process entirely. This prevents the foreclosure from appearing on your credit report and helps you avoid the long-term financial consequences of foreclosure.
What happens to my mortgage balance?
When we purchase your home, we pay off the remaining mortgage balance directly to your lender. This satisfies your debt and removes the financial burden of the mortgage from your record.
Will I get any money after my home is sold?
Yes. After we sell your home on the market, we share a percentage of the net profits with you. This means you have the potential to walk away with money in your pocket, even after avoiding foreclosure.
What if I have equity in my home?
If your home has equity (the difference between its market value and what you owe), we factor that into the final sale. Your share of the profits will reflect the equity and any market appreciation after we sell the property.
What are the risks of this process?
Our goal is to minimize risks for you. Once we purchase your home, the responsibility for selling it shifts to us. You no longer have to worry about foreclosure, mortgage payments, or selling the home yourself.
How is this different from foreclosure or a short sale?
Unlike foreclosure, this process allows you to avoid damaging your credit and offers the chance to benefit from the property’s sale. A short sale typically requires lender approval and often doesn’t result in any proceeds for the homeowner, whereas our approach includes sharing profits with you.
What if I’m already working with my lender on a foreclosure alternative?
You can still explore our solution. We’ll work with you and your lender to ensure the process aligns with your current efforts to resolve your mortgage situation.
How quickly can this process be completed?
We understand the urgency of foreclosure situations and can move quickly to purchase your home before the auction date. Contact us as soon as possible to begin the process.
Will I need to pay any fees or costs?
No, you will not incur any upfront fees. We cover all closing costs and related expenses when purchasing your home.
What if I’ve already received a foreclosure notice?
It’s not too late. Even if you’ve received a foreclosure notice, there’s still time to work with us. Reach out today so we can review your situation and determine the best path forward.
How do I get started?
Contact us through our website or call our office. We’ll schedule a consultation to discuss your situation, answer your questions, and determine if partnering with us is the right solution for you.