Homeowners that NEED TO SELL a home, but CANNOT AFFORD TO, because of the amount owed on the home, the condition of the home, or tough real estate market now have a viable solution –a program that allows them to sell their home by using mortgage (payment) assignments to a new buyer! It does not harm a homeowner's credit but can help!!
Humble Homz, LLC in conjunction with Love American Homes a leading provider of non-traditional real estate services for REALTORS and investors working with homeowners and buyers, offers these services: short sale transaction processing, mortgage (payment) assignment processing, owner financing with wraps, auctions, equity partnering, home swapping, and much more.
If you have questions about the program email us today or read the free ebook "Home Owner Finance Guide to Assignment of Mortgage Payments Sales,
Although virtually no mortgages are assumable, the program developed is a legal process to assign the mortgage payments to a qualified buyer for almost any home. In many cases we already have buyers that WANT YOUR HOME and have sufficient income and down payments needed to buy the home and make the payments.
If you are an agent, now you can help your clients sell properties even those with little, no, or negative equity. If you are an investor, now you can help buyers (or yourself) acquire properties with financing! Click here to download the application.
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What is a Mortgage Assignment?
The sale of a home where the loan(s)/lien(s) are assigned to a buyer in exchange for the deed (ownership)!
Although virtually no loans are “assumable”, anyone can make payments on anyone else’s mortgage and as long as those payments are made, the lender will consider the loan to be performing.
In a Mortgage Assignment Sale, the buyer agrees to make payments on the seller’s mortgage going forward in exchange for ownership of the property.
What is the Profile of a Typical Mortgage Assignment Candidate?
Has a difficult to sell home – due to the home having little, no, or negative equity, or simply a home that is hard to sell size, location, market, etc.
Needs to sell more quickly than is typical using conventional list and wait method
Bought or built a new home with a $0/down (or minimal down) mortgage in an area that has not appreciated
Refinanced an existing home, borrowing most of the equity, in an area that has not appreciated
Bought a home in an area that has seen significant price reductions
Has suffered a divorce, lost job, medical problems, or other financial hardship including any combination of an increase in expenses and/or decrease in income
Has a non-owner occupied investment property that is no longer performing to generate positive cash flow
Has an Adjustable Rate Mortgage (ARM) in which the payments have increased to an unaffordable level
Has had an increase in payment due to an escrow shortage adjusted after tax increases, or an under-funded escrow from the purchase of a new home
If you have questions about the program request a guide explaining the Assignment of Mortgage Payment Program
by emailing us your TODAY.
To download the Mortgage (Payment) Assisgnment application-click here.
Contact Us
Let us help YOU Sell Your Difficult to Sell house!!
Contact Phone: 281-940-HOMZ(4669)
or email:
Sellers that NEED TO SELL a property, but CANNOT AFFORD TO, because of the amount owed and/or the condition of the proeprty, and the tough real estate market, now have a viable solution: A NEW LEGAL PROGRAM that allows sellers to assign mortgage payments to a new buyer! We can help! We are part of a national network of investors and Realtors that specialize in buying and selling properties FAST using advanced, non-traditional real estat techniques.
Request the guide that explains and answers all of the common and not so common questions. Email today
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Other solutions
We work with Realtors: We are professionals like you and we want to work with you to move stagnant properties or to provide homes for your non bank qualified buyers. If you need help selling that high DOM property we may have options:
a) We can handle the entire marketing and sale of the property using our owner finance or assignment of mortgage payments program and at closing we will pay you a referral fee of the net profits.
b) The listing agent can continue to market the listing and hire our company to process the owner finance or mortgage (payment) assignment paperwork and receive 3% of the sales price paid at closing.
Short Sale Alternatives: Have a seller with little or no equity but they need to sell and want to keep their credit intact. We can provide the solution using our proven owner financing or mortgage assignment programs. Same 3% Commission structure applies if the seller is not behind on payments. Our company also handles short sale negotiations. Owner financing "Wraps": We process the paperwork for both buyers and sellers in an owner financed transaction. Our attorney will create custom owner finance documents for each closing.
For Sellers: We will explain owner financing, help you structure the terms of the financing so that they meet your needs, market the property, find a buyer, handle all the paperwork, close the transaction and our fees range from 5-10% depending on the number of Real Estate Agents or Investors involved. In most cases our fees are covered by the buyer’s 5-10% down payment.
Buyers: We make sure you understand the details of owner financing and the terms of the loan of the home you are considering. Each home has a different seller and therefore the terms of financing will vary. Items that are required on each transaction are: a down payment of 10-20% on the home, 2 years job history, and 2 years tax returns that demonstrates your income is at least 3 times the monthly payment of the home. There may be other requirements depending on the seller.
Traditional Realtor Sales: Just want to sell your home using the traditional method, list your home in the MLS and market it to lendable buyers. This is still a good way to sell depending on your situation. Our professional services includes weekly updates on your property, feedback on showings, bi-weekly property post on hot home sites and many more services.
Call Charles Gardner, Realtor at 281-940-HOMZ (4669) or email
Equal Housing Opportunity