Do you have an upside down or underwater mortgage situation? Do you owe more than what the property is worth?
Do you have an unmanageable or unaffordable mortgage payment and home? 
No problem! We take over the mortgage payments and home…

SUBJECT-TO PURCHASE

When you sell a home “subject to” it means subject to the existing mortgage that is already in place on the property. The terms of the note that were initially created with the lender stay the same. That includes the name the loan was purchased in. In other words, the buyer is not assuming the loan.

First, let’s discuss when this type of strategy makes sense:

🔵 The seller wants to move but there is not enough equity in the property to cover the expenses to resell the property. In other words the property is “upside down” i.e. Realtor Commissions, Closing Costs, Repair or other costs have the owner bringing more money to the closing table than they are getting.

🔵 The property is in need of renovations to bring it up to market value but the seller does not have the want or ability to invest back into the property and there is not enough equity to cover the renovation cost.

🔵 A life event occurred that causes the seller to sell the property immediately after purchasing it and there is not enough equity built up to cover the expenses to resell it.

🔵 Due to time constraints, and or finances, it’s not in the best interest of the seller to go through the “retail” process because of the uncertainty of when it may sell and for how much, and the costs and fees incurred to do so.

Now let’s discuss the mechanics of this type of strategy and how you are protected:

• GWG Enterprises LLC, or one of our other entities is purchasing your property via Land Trust.
• The deed transfers at the closing.
• If mortgage payments are behind, we’ll bring it current at closing.
• The Trust will take possession of your property at time of closing unless there is a pre-negotiated arrangement. You are no longer responsible for any costs or responsibilities associated with the property.
• The loan will stay in place until paid off.
• Your monthly mortgage payments, including taxes, insurance, HOA fees, utilities or any other costs of ownership, will be paid by in full during the entire duration of the subject to purchase.
• During that period of time the necessary renovations will be made to the property to make the property more marketable. This is funded 100% by our company.
• During the period of time the “Subject to” is in place equity will be built in the property.
• Once we sell the property the loan will be completely paid off and satisfied.

The only way for some homeowners to reasonably “sell” the house is for us to “take over” the mortgage payments and house.
Keep in mind that selling your house by having us take over the mortgage payments MAY be the best option compared to what will happen if you just plain walk away and foreclose (strategic default).

Or Give Us A Call Now At: 404-500-6255

Finally let’s discuss how this strategy benefits you:

✅ It enables you to move onto the next property of your dreams.

✅ The deed transfers at the closing.

✅ You no longer have the responsibility of the mortgage payment or cost of ownership.

✅ You now have a steady payment history of monthly mortgage payments being made for you which will increase your credit score.

✅ In some cases you can walk away with cash in your pocket at closing rather than bringing cash to the table.

✅ You don’t have to invest your hard earned money into a property you do not plan on staying in, but rather you can use that money towards your next dream home!

What we do may not be for everyone. Just those who want to walk away (strategic default), are considering it or have no choice (economic default). The homeowners we’ve assisted by taking over their homes have been pretty happy with us. We’ve relieved them of the stress associated with an unwanted burden, liability and mortgage payments! 

If you simply don’t want to put up with the hassle of owning that house any longer, and if you don’t want to put up with the hassle and time-consuming expense of selling your property the traditional way, let us know about the property you’d like to be rid of and sell your house fast. Talk to someone in our office before submitting your property information by calling us today at 404-500-6255

We Take over house Payments, We take over Houses, We take over Property, We take over upside down or underwater Mortgage payments. If you need us to help you, connect with us… we’d love to make you a fair no-obligation no-hassle offer. Take it or leave it. You’ve got nothing to lose 🙂