We have been acquiring real estate for over 15 years. Our owners, managers, sales associates and legal professionals have over 200 years combined experience. We have probably heard every question possible regarding our services, and how we can help you. We have provided these answers to do our best to share with you why we feel you should do business with us, and how we are different from all the other pre-foreclosure 'home buyers'.

Q: What exactly does your company do, and how can you help me??

We are a professional note buying firm. We purchase your property directly from you, subject to the underlying mortgages. We bypass the shortsale process and buy the mortgage notes directly from the bank. This process protects you from a deficiency judgment and also a 1099. We use pre-litigation steps to stop the banks foreclosure process, then we negotiate the purchase of the mortgage notes. We deal directly with the bank's legal department, bypassing loss mitigation completely. It is a far superior process for you to sell a property in default.

Q: What's the difference between what your company does, and doing a short sale?

A short sale proceeds thru the loss mitigation department and/or short sale department at the bank. You have absolutely NO leverage in a short sale. The bank sets the price, and terms of the sale. They are unresponsive, inflexible and do not care about you or your family. They care only about the bottom line. You will waste hours on the phone, deal with countless frustrations and ultimately (in almost ALL cases) the short sale will fail.

In contrast, we deal only with the banks legal department, and our legal process gives us the leverage that you do not have. The phone calls will stop, and you will not have to deal with them anymore. We go to work and we purchase your mortgage notes directly from your bank. As a result, you are protected from a deficiency judgment, 1099C tax consequences, and a foreclosure.

Q: Why is your acquisition process suprerior to a short sale?

Short sales have a DISMAL success rate. Nationally, less than 10% are ultimately successful, which means almost ALL short sales end up as foreclosures in the end. In addition, you may be sued for a deficiency judgment and/or receive a 1099C and be liable for a big tax bill. We avoid these problems by purchasing your notes directly from the lender, and our success rate is north of 90%.

Q: What fee do I pay for your services?

Zero. Nada. Nothing. Owners who sell to us do not pay us a dime. We make our profit down the road when we re-sell the property we have purchased from you. our profit is the difference between our final purchase price of your mortgage notes, and what we re-sell the proeprty for down the road. That is why we do not need to charge sellers a fee up front.

Q: My property has multiple loans (2nd, 3rd, 4th mortgages, etc). Can I still transfer it to your company?

Absolutely. The number of liens on the property is irrelevant. We settle all junior liens so they are not a problem for us

Q: When I assign the property to your company, am I really done with the property?

Absolutely. All the work of dealing with the bank is done at that point by you. We notify them and they direct all future correspondence to our company. At that point the phone calls from the bank will stop. If there was a current foreclosure in process, we stop it. We then go to work in our negotiations on purchasing the notes directly from the bank

Q: I have tenants that live in the property and pay rent. Can I still assign it to you?

Yes. We actually prefer paying tenants to already be in place to keep the property preserved and protected from vandalism, and we will work with the tenants and/or property management to keep them in the property.

Q: Do you acquire properties in all 50 states?

We do have some limitations on the types of properties we accept, and in what states. For details, call us, or scroll to the top of this page and click the link titled 'NEW - Does Your Property Qualify?

Q: Your company claims to be able to 'purchase' my house in 10 days. That sounds too good to be true. How is that done?

The property is assigned to our company "subject to" the existing mortgages. That means title transfers to our company up front. Becaus we are not bringing in a new mortgage, the transfer process is very simple and straightforward. We make the assignment process as easy as possible for you.

For complete details, scroll to the top of this page and click on the 'Owners' tab. Watch the video, and then follow the instructions to submit your property details. After you submit your property details, you will have access to the documents and a complete video walk-thru.

Q: I noticed on your site you did not ask how much I want for my property. Why?

The price is not set between us and the seller. Remember, we are buying the NOTES from the bank, so the price is set between our firm and the bank. When we buy 'subject to' your existing mortgage, no money needs to change hands, and therefore price is irrelevant. You are completely done with the property at that point, and then we negotiate a settlement with the bank on the amount owed on the promissory note (amount of your mortgage). We work with entry level homes to multi-million dollar estates.

Q: When you acquire my property 'subject to' the existing mortgage, doesn't that trigger the 'due on sale clause'?

Yes, but it is irrelevant, as we will outline here. The 'due on sale clause' is a provision in most mortgages that allows the lender to accelerate the loan (call the loan due) if title is transferred without the lenders consent. We are not asking for the lenders permission, and therefore the due on sale clause is triggered and the lender has the right to accelerate the note.

However, since all the properties we acquire are already default due to non-payment, the note has already been accelerated and called due, and so the due on sale clause is irrelevant.

Q: I currently live in my house. Can I continue to live here if I transfer the property to your company?

For our walkaway product, no. We have found over the years that this is not a desirable situation for anyone involved, and thus we have made it a rule to not do this. We can work with you to allow you time to move. However, if your goal is to stay in your property as long as possible, and retain title, we have an agressive strategic default product that will fit your needs perfectly. On average, we can add an additional 12 months to your foreclosure timeline, allowing you to live there mortgage free. For complete details CLICK HERE

Q: My property needs a lot of work (damaged by tenants, deferred maintenance, etc). Do you acquire properties that need work?

No, we do not buy fixers or rehab properties.

APPLY ONLINE NOW. A NEW WINDOW WILL OPEN WITH THE APPLICATION. CLICK HERE

Q: I have a tenant in my property, and they need to be evicted. Will you still consider my property for acquisition?

Only if you evict the tenant first, and make sure the property is in good condition. We do not acquire properties where a tenant needs to be evicted, as they tend to damage the properties.

Q: Are you a law firm?

No. We are a real estate acquisition firm, specializing in defaulted properties. We work closely with real estate attorneys.

Q: If I transfer my property to your company, will that fix my credit?

Yes and no. We stop a foreclosure from happening, which will help for sure. However, when sellers approach our firm, they are already in default and just want to be done with the property, and their credit is already damaged. You will have mortgage lates on your credit.

Q: I have a foreclosure date coming soon. Can your company still by my property?

It depends when the sale date is scheduled for. We do NOT take properties with a sale date less than 60 days out. Dont delay, because the longer you do, the harder it is to settle with the bank. The best time to submit the property is early on. When you have mised your first payments, or are aobut to miss your first.

Many times owners or Realtors wait until it is too late and then contact us, hoping that we will rescue them from foreclosure. That's not how we work. We need time to implement the legal steps to stop the foreclosure. PLEASE DO NOT DO THIS. The result is that we will just have to reject your property and then it will go to foreclosure.

APPLY ONLINE NOW. A NEW WINDOW WILL OPEN WITH THE APPLICATION. CLICK HERE

Q: What is your phone number and address? Are you a 'real' company, or just online?

We are a real company, with brick and mortar offices. Just click the 'about us' botton at the bottom to learn more.

Q: My property is currently listed with a Realtor. Can I still sell the property to your company?

Yes. There are two ways for you to do this. First, would be to cancel the listing and do a direct transfer to our company. The second way, if you prefer to have your agent involved, would be to have the Realtor contact our company and sign up as an affiliate, for which they are paid a small referral fee. We would also re-list the property with them down the road when we go to re-sell the property.

It really comes down to whether you want to have that agent involved with your property any more or not. If you do, then have them sign up as an affilaite and we will work directly with them on the transfer to our company. If not, simply cancel your listing, and we will work directly with you. It's your choice.

Q: There are back taxes owed on my property (property or federal). Would I need to pay those before I transfer title to your company?

No. Once title is transferred, taxes and other fees are negotiated with the bank as part of the settlement process. If it is a federal lien (for non payment of income taxes for example) that is a special situation, and requires company approval. Discuss that with your rep and we can see if we can make an exception.

APPLY ONLINE NOW. A NEW WINDOW WILL OPEN WITH THE APPLICATION. CLICK HERE