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LeaseOptionProgram.com Offers Solutions to Homeowners in DistressWe match Clients in distress with Investors willing to help. If your mortgage is greater than the value of your home and if you can no longer afford the payments, there are not many options available to you if you wish to keep the home. This is where we can help. Our investors will buy the home on short sale and stop the foreclosure. They will then lease it back to for a year at a payment much lower than your current mortgage. This will stop the foreclosure process, help you to avoid the deficiency judgment, and keep you in the home for another year at least. There is even a possibility that you can buy the home back for much less than you currently owe on the property. What is the Lease Option Program?
What is the Lease Option Program?When conventional financing cannot help, LeaseOptionProgram can offer alternatives. LeaseOptionProgram matches clients in need with investors who can help. Regardless of the amount of equity that you have in the home, our foreclosure bailout will keep you in the home at a payment that you can afford. We will provide an investor with good credit who will purchase the property and lease it back to the client for one year. During this time we help the client repair their credit so that they can purchase the home back from the investor at the end of the lease period. Foreclosure bailoutsYour existing lender may be able to work out a solution with you if you have equity this is called a Loan Modification. Otherwise the only financing solution currently available to clients in foreclosure is a Hard Equity Loan. However, “Hard Money” lenders only lend up to 60% loan to value. There are no financing alternatives for clients in foreclosure who have less than 35% equity in their home. LeaseOptionProgram is designed for those clients who do not qualify for a “Hard Equity” loan or loan modification. New purchasesOur Lease Option Program is designed to help clients who would like to buy a home but are prevented because of their credit. Once qualified under our program, a participant locates a home for sale in the area they want to live in and at a purchase price that fits their budget. Our company will provide and investor who will purchase the home for the participant and make it ready to occupy. The participant makes a down payment (usually at least 5% of the purchase price) securing an option to buy the home and then makes monthly payments, just like rent. Under our program the full down payment and a portion of the monthly payments in each month the payment is made on time are credited towards the purchase of the home in two years. The participant purchases the home from us in two years or less, often without having to put any additional money down! How does LeaseOptionProgram stop foreclosures and keep the client in the home when the loan is underwater?
Credit counselingWhile in the Lease Option Program, our customers participate in a mandatory Credit Monitoring Program (CMP). All of our customers are required to pull their own scored credit report once every six months and provide it to the company for analysis. We know what lenders look for when underwriting loans. We will make suggestions that, if implemented, may help improve you credit scores and/or debt-to-income ratios. CMP is designed to help our customers improve their ability to qualify for an affordable mortgage so they can successfully execute their option to buy their home. Apply now! We are looking forward to helping you make home ownership an option today. – LeaseOptionProgram.com will soon be available in many different states
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