Yes, you read that correctly. And before you assume it’s a favorable outcome for us, think again. The surprising twist? It’s actually in your favor!
We understand the initial inclination to sever all ties and move on from a property you’re looking to sell. But let’s flip the perspective and explore a different angle, shall we?
What if we consider the potential benefits if, for some reason, we couldn’t make the payments moving forward?
In that scenario, you regain ownership of your property. With our performance clause in place, there’s no need for foreclosure; you simply reclaim your property. Moreover, the down payment we’ve provided becomes yours to keep, as we waive any refund rights. You’ll also see a reduction in your mortgage balance, as you won’t be responsible for reimbursing the payments we’ve made. Additionally, any repairs or upgrades we’ve undertaken on the property become part of your assets. Selling to us transforms you from a landlord to a “banklord.”
But here’s the real kicker – why is this the optimal situation for you, the seller?
To put it plainly, you regain possession of your property and can choose to sell it again on your own terms, to whomever you please. And, as an added benefit, our mortgage payments on your behalf contribute to an even better credit score for you, regardless of your previous credit history.
The advantages of engaging in creative financing are numerous and undeniable. Don’t be dissuaded by those who are confined to traditional buying and selling methods – they might be suffering from what’s known as the “man with a hammer syndrome.”
This brings us to the conclusion of this article. If you’re eager to delve deeper into the world of creative financing and its wide-ranging benefits, we invite you to explore more of our insightful creative finance pieces right here on our blog.
Alternatively, feel free to reach out to us by completing the contact form provided, and we’ll be more than happy to connect with you promptly.