Homeowners facing foreclosure often feel powerless and overwhelmed, but the ibuyhomes team is here to help. We’re experienced in purchasing homes in foreclosure from people just like you. ibuyhomes can help save your credit by buying your home, taking over your mortgage payments or splitting ownership. We’ll even set you up with a credit repair counselor to help you get your financial life back under control.
ibuyhomes gives you three options to stop the stressful process of foreclosure:
Option 1: Sell Your House
If your property is worth less than the balance on your mortgage, we’ll initiate a short sale. Lenders often agree to a short sale because it spares them the time, money, and effort involved in foreclosing a home. Even if your bank has not been willing to working with you, they may postpone the foreclosure sale and allow us to buy your home.
Option 2: Transfer the Mortgage
If you’re behind on your mortgage, you can turn over the house to us and we’ll assume the payments moving forward. In return we’ll give you a financial incentive of $500-$1000.
Option 3: Split Ownership of the Property
If your equity is greater than the balance of your mortgage, we can do an equity split. We’ll pay your loan balance in exchange for 50% ownership of your home. You’ll have the right to buy back your house anytime within the first three years for $30,000. If you decide to sell the house, ibuyhomes will split the profit with you.
Don’t let foreclosure jeopardize your financial future. The ibuyhomes team can help you avoid the expenses and stress of foreclosure. Get in touch today at 866-767-6881 or fill out our online form to explore your options. If you decide to work with us, we move quickly to have a contract in your hands within 36 hours.