What Investors Can Do to Stop Your Foreclosure
Investors are here to make money and there are many properties for them to choose from. The best outcome with using an investor that has a good reputation, is that the foreclosure is stopped and you, the homeowner, walk away with some money in your pocket and a paid-in-full release on your mortgage. Now admittedly, I have heard stories about very bad experiences where the homeowner
still lost their home in foreclosure when they thought it was all taken care of. The highest and best deal is cash paid for the entire mortgage. That is not always possible from all or any investors. The next best deal is selling to an investor who has a new mortgage lined up in his/her name, close with a title company, and your past due note is paid off at that time. There are many other variants of a purchase by an investor that involve such things as contract for deed, taking subject to, land trusts, etc.
The bottom line on all of these sorts of transactions is that there is more risk to you the seller than to the investor that simply buys the property outright. These methods can however be successful.
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