Our Investor Group Buys Upside Down Mortgage's
“Balance Reduction Program” Overview
In today’s real estate market many homeowners are facing difficult challenges. They are either upside down; and owe more than what their home is
worth, are having a hard time making their mortgage payments, or maybe even facing foreclosure. If you are facing any of these stressful situations,
we can advise you on your options!
The “Balance Reduction Program” has the ability to keep you in your home and reduce your current loan balance to 60-95% of today’s current market
value.
Here’s How It Works
Your mortgage note will be negotiated along with other homeowners’ notes issued by your lender. A price is negotiated for an investor to pay them off
for all cash, at a deep discount to the current market value. Once your note is paid off, the terms of your note are rewritten based on 60-95% of your
home’s current market value eliminating any “negative equity” and actually giving you 5-40% instant equity!
Here is an example: You owe $300K on your home but it is only worth $200k. The investor pays off the note (they do not own the deed to your home) and
establishes new terms with a new mortgage balance of $190k, saving you $110k!
Pegasus
|
![[*]](images/davis/default_icon.gif){kind=icon}
