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Facing Foreclosure? Sell to an Investor for a Fresh Start
If you’re dealing with foreclosure, selling your home to an investor could be the quick, stress-free solution you need. Here’s why:
1. Fast and Simple Close of Escrew in 14 days
2. No House Repairs required
3. Protect Your Credit Report
A foreclosure can leave a lasting stain on your credit report. By selling your home to an investor, you can often pay off your mortgage and avoid the full impact of foreclosure. This can help protect your credit score and give you a fresh start.
4. Cash for New Beginnings
5. No Showings, Open Houses or dealing with Realtors
6. No Fees or Closing Costs
7. Peace of Mind
We're Ready, Let's Talk.
Contact Info
Address
Earthwise Ventures LLC, 1110 N Virgil Ave PMB 96962, Los Angeles, CA 90029
Call Us
(805) 285-3817
Call or Email us today
Mari
We have several strategies to help homeowners avoid foreclosure. Here are a few common strategies we may offer:
1. Subject To (Subject-To Financing)
With this strategy, the investor buys the home subject to the existing mortgage. The homeowner transfers the property to the investor, but the mortgage remains in the homeowner’s name. The investor takes over the mortgage payments, potentially saving the homeowner from foreclosure without requiring them to pay off the entire loan upfront. The investor can offer a higher purchase price because the loan payment is most likely lower than a hard-money loan for the investor.
2. Seller Financing
In seller financing, the homeowner agrees to act as the lender for the buyer. The investor purchases the home directly from the homeowner, and the homeowner then becomes the financier, allowing the investor to pay in installments. The investor can offer a higher purchase price because the seller financing is most likely lower than a hard-money loan for the investor.
3. Short Sale
If the homeowner owes more than the home is worth, an investor might offer to purchase the home through a short sale, where the lender agrees to accept less than the total owed. This allows the homeowner to sell their property without paying off the full mortgage balance, and the foreclosure process is avoided. The Lender may forgive the difference, though this depends on the lender’s policy.
4. Cash Sale
An investor can offer to buy the home outright for cash. This can be a quick solution to avoid foreclosure, as investors often pay below market value but provide a fast and simple transaction.
5. Deed in Lieu of Foreclosure
In this strategy, the homeowner voluntarily transfers the title of the property to the investor in exchange for the cancellation of the mortgage debt. While it’s similar to a short sale, the homeowner doesn’t need to sell the property—just transfer it to the investor.
6. Equity split technique
The equity split technique lets you and the investor share ownership of your property instead of doing a full sale. You keep a portion of the home’s value while the investor puts in money for improvements or profits, and both of you share the returns when it sells.