Smart Sale Leaseback
We are committed to helping both residential and commercial troubled property owners to remain in their property and secure it for long term use. Our program is compliant with both state and federal laws and is endorsed by the legal community.
• We purchase properties from residential and commercial property owners that are upside down in value
• For qualified property owners, we will purchase their property for the amount of the first and second mortgage, and other liens. We then lease their home back to them for a period of three to seven years.
• This lease will include an Option Memorandum, granting the property owner an exclusive option to repurchase their home.
• Our goal, after we purchase the property, is to purchase the first mortgage, on said property, from the servicing bank at a discount. If we are unsuccessful in doing so, we will conduct a forensic audit of the mortgage to determine if the mortgage is illegal. If that is the case, we will then file a lawsuit against the lender to encourage negotiation
• Once we successfully purchase the mortgage from the lender, we will, at the end of their lease, sell the property back to them at 90% of the fair market value at that time for a residential property and at 75% of the fair market value at that time for a commercial property. If the property owner is unable to obtain a mortgage, we will also provide them with owner financing through one of our subsidiaries or affiliates at the time they exercise their exclusive option to repurchase. The transition from homeowner to tenant is but a temporary one and our leases are designed to afford the property owner every right and protection available under law.
Property owners enjoy every benefit and safeguard that our program has to offer, all at NO UPFRONT FEE.
