At Network Property Buyers, we have multiple solutions to help sellers with their situations.
If you need to stop paying the mortgage because you are experiencing some difficulties, then we can help you stop paying your mortgage in as little as 7 days using something called Lease Options.
Let’s presume you have a house that you need to sell very quickly. If you sell through an estate agent in the current market, it is extremely unpredictable and the over-supply of properties in today’s market means your house could be on the market for a long time. In the meantime, you would be advised by the agent to keep reducing the price to create interest from potential buyers, provided that you have sufficient equity in your property. The bottom line is that you have to continue paying your mortgage and can’t move on with your life.
With lease options, we will take over your mortgage payments as well as the maintenance of your property until we can buy it in the future once the price has risen sufficiently. Once the paperwork is signed, which can take as little as 7 days, you may immediately move out of the property without any further burden of the property. We will appoint an independent specialist solicitor to act on your behalf and pay all your legal fees. We simply agree on a time period in which we fulfill this obligation. Until then, we have an option to buy your house at an agreed price but we will be “babysitting” your mortgage looking after your property.
In a nutshell, we “lease” the property from you by paying your mortgage and looking after all aspects of the property and you grant us an “option” to buy it from you in the future – a win / win situation.
Remember, you are completely free from any obligation for this property during this period. The end result is like you have sold your house!
A lease option would suit the following situations:
This service is free. You could be free from your mortgage payment within days. Due to the flexible nature of a lease option, it is possible to structure it so that it can completely suit your circumstances. You will no doubt have some questions so why not give us a quick call or fill in an online form so we may contact you?