Want to save your home? Having trouble making payment? The Notice Of Default does not mean you need to panic. Do not rush into making a decision, you still have options it your house. Be realistic do you have the resources to enter into and agreement to keep the home for yourself.
A sale lease back is simply a transaction in which you sell real estate, in this case your house. That should be done with the same formality as any sale of real estate. This would include a sale contract, Power of attorney to represent you on the working out the pay off of this debt. You leaseback the house, this would include a lease agreement, in your case a residential lease. The "back" part of the sale leaseback is just that you as the seller are also the person leasing the property back to yourself to use.
In any sale leaseback the fact that the seller is leasing the property means that you're on two sides of the transaction which will means you continue live in the house. You take a year or 2 and finance the home paying off your buyer.
In residential sale leaseback the contract of sale should be the type of document that would be used if the seller were selling their house with a real estate agency use a standard form for your state . The lease document should be the type of residential real estate lease would use to rent property to tenant. There are commonly standard forms used by lawyers in most parts of the country (every state has its own forms) that might be a good starting point. However, as with any standard form, be sure to review them carefully with a local real estate lawyer to tailor them to your situation.
You can stop the repossession and carry on living in your home as before. There are investors in all area that conduct these type of buys from distress sellers.
We understand how difficult it can be for a homeowner when they are faced with foreclosure proceedings, in pre-foreclosure or need to sell their home to obtain immediate access to cash for any reason. In times like these, the options available to homeowners are very limited, some are unrealistic and many can be un-affordable. Most homeowners do not know their options. Many mortgage companies do not offer realistic options to assist homeowners that have suffered a hardship, and thus many homeowners lose hope.
Now there is help available. There are other options. That option is we believe that clients deserve a chance to resolve any cash difficulties they may have, to avoid the negative effects of a foreclosure on their credit report and a fresh start. A sale- Lease-back provide a fast and effective method for you to accomplish this goal!
Time is of the essence in these situations, so do not waste another minute. Understand your options. A journey of a thousand miles begins with a single step. The journey to financial freedom begins with deciding to explore the sale-lease-back-option to stop the foreclosure procedure. For more information contact me or someone in your area who understands or call 1-877-818-5337 Code1680 Visit me on the blog @ [2brio-wolfen.blogspot.com]
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