Creative services
what makes us different then everyone else out there, is everybody else is teaching you strategies that can only help you in the short term. It’s not Truly solving your problem and Is only delaying you losing your home While also putting you at risk of paying for a home you Don’t own due to a deficiency. they will tell you to:
- borrow the money
- get a counselor
- hire an Attorney to try to prove the mortgage company is out to get you (they call this unclean hands)
- or they will tell you that you need to pay off your debt (Isn’t that obvious)
That’s where you have to get creative and come up with ways to help you get your life back now and keep it that way.
So how do you actually get creative in these situations??
Repurpose your home for Airbnb
I am sure everyone has heard of Airbnb but not many people understand how it works. Over the years in Real Estate you come to know a thing or 2 about the real estate market, especially the things that can make you the most $$$ in the quickest amount of time. Now although Airbnb may sound sexy it doesn’t always work for everybody. Its complicated to learn and not just about sticking your house on the market and rolling in cash. depending on your location, Condition of your home, your current situation and how close you are to foreclosure, it may not work for you at all. Not to mention if you do it wrong you can end up in a worse situation then you started in.
That’s where we would come in, to go over your specific situation and use our expertise to guide you in the right direction on how to utilize this tool to your full advantage.
As an example, according to airdna statistics Central Florida brings in an average of 216.00 a night at a 70% occupancy rate. Based on these numbers, the average home in this area would bring in roughly $4,174.80 a month gross profits. If you could make an additional 4k a month off your home, would that make a difference in your situation? How many people have presented this option to you? Why have they not presented this to you? and now that you know about it im sure the big question is how can this option work for you?
Click the link below, to learn if this would be an option in your situation.
Why would we pay your mortgage payments?
We would be taking ownership of your property to protect our own interest in the property subject to the existing mortgage and making the normal mortgage payments, taxes, insurance etc. We would be doing an agreement where transfer of ownership is done through a land trust to protect both you the seller and us the buyers.
At this point legally it’s our house now and we’ll be making improvements to the property that need to be made as well as all the payments on time moving forward. Because we will be making payments on the property but the mortgage is staying in your name, we will be helping to fix your credit, allowing you to move somewhere else that would be cheaper to save money and pay down the rest of your bills. Putting you in a position where you can become approved for another loan in the future..
If you are attached to your home and don’t want to see it go forever we would also write up a separate contract to allow you to buy your old house back from us at the current market value at the time of wanting to purchase it. We would give you a 3 year period to buy your house back from us prohibiting us from selling it to anyone else during this period of time. This allows you enough time to put yourself in a better situation and not lose your home for good.
Depending on your situation we can also make sure you don’t leave empty handed and get you some $ to help you reestablish yourself.
If you would like to discuss this option, please fill out the form below and schedule a consultation with us to determine how we can help.
That’s right, we will get rid of your foreclosure and make you the lender! So how does it work?
So just as in our last breakdown where we pay the mortgage for you, say that you also have equity in the property and it pains you even more knowing you’re losing your equity along with your home. What we can do is, we would be taking ownership of your property to protect our own interest in the property subject to the existing mortgage and making the normal mortgage payments, taxes, insurance etc. we would be doing an agreement where transfer of ownership is done through a land trust to protect both you the seller and us the buyers.
This is all the same as the last option, however, we would also agree to terms on paying you for the equity in your property that way not only will you not be losing the house outright and not only will we be making payments on the mortgage for you helping to establish a positive payment history on your home but we would also be turning you into the lender reversing your situation and getting you paid. Where you would have ended up losing all of your equity you’re now able to benefit from it.
Last 3 options still didn’t work?
Don’t worry we’ve got a bunch more tricks up our sleeves to try to make things work for you. Every foreclosure situation is different and none of them are easy to go through, not emotionally or physically as it is very stressful times. We understand this and because of that we don’t want to make this seem more complicated then it has to be. While typically we dont have to resort to methods past the ones previously listed we want you to feel confident that we do have them at our disposal if need be.
Either way if you got to this point and still are not sure what to do that’s okay, that is why you are here in the first place, so we can help you figure it out.
Click the button below to talk with someone on our team so we can find out more about your situation and cover the options available to you.
So weve discussed all the other methods and none of them worked, what now?
If all else fails and your property is not eligible to be used on Airbnb or we cant find terms that work for us to help you out, we still have options. Obviously we can not help everyone but it doesn’t mean we cant find others to help where we cant! Peerless Property Solutions is all about just that “finding Solutions” to your problems. We are well established and connected to over one hundred thousand investors all over the country that will be willing to look over your property to try to come to terms that will work in your favor.
Honestly doing anything at this point is better then doing nothing as if you go into foreclosure you will risk losing your home, ruining your credit, and even having to pay the bank back for any amount they cant collect in the foreclosure sale along with all other fees incurred. If youre reading this then that means its not too late. Fill out the form below and book a time to meet with us to discuss your options.