If you’re looking to sell your house fast, you might want to know if a buyer can take over mortgage payments and keep you out of foreclosure.
A variety of unique situations can make getting your home sold now an urgent priority.
Maybe you’re trying to avoid foreclosure. Perhaps you inherited property that you don’t wish to keep. Short-notice job transfers, deferred maintenance, personal relationship changes, or financial reasons can come into play as well.
If any of these or other situations apply to you, we may be able to help with our Subject-To program.
How Our ‘Subject-To’ Program Works
We can buy your house “subject to” the existing mortgage and completely take it over.
We continue to make on-time payments, or pay the mortgage up-to-date if it’s behind, but the note remains in your name.
Your credit starts rebuilding immediately, because we are making regular payments.
We Can Take Over Your Mortgage Payments
This process allows us to make you a cash offer for your home, condo, or duplex within 24 hours. Here’s how:
- Research – As soon as you contact us, we get to know the property.
- Make a cash offer – We meet you with a written cash offer that we are ready to close on immediately. We just have to give the title company 5 working days to ensure you’re the legal owner and prepare paperwork.
- Close – We meet and close on the property in as little as 7 days.
We can take over your mortgage payments even if your house needs maintenance or repairs (including foundation issues), you’re upside-down on your mortgage, or a tenant is currently living on the property.
Best of all, we pay all normal closing costs. You also don’t have to worry about back taxes; they will get paid at closing through the title company.