Real Estate Subject To

Here's the game plan to sell you house quickly...

What we can do is take your home over subject to the existing mortgage. Which means, we will be responsible for your payments and maintenance. We will put a tenant/buyer in the home, and help them get financed, At that time, they will be getting the home re-financed in their name.

We agree to make your mortgage payments while we find a buyer for the home. So if it sits empty, we can often times make those payments. Also unlike a Realtor, there is no listing agreement and no 6-7% selling commission. Additionally, closing costs which are the responsiblity of items together and on a $100,000 home, that cost represents $10,000.

Now add in the typical 3-6 month period that it will take to find the buyer and have them get qualified and finally close on the home and you've just made monthly payments on Principal, Interest, Taxes, Insurance, Utilities, Maintenance and Repairs. Remember that if you get a buyer today, it typically takes 45-60 days for them to get financing. Guess who would pay for your home during that period? You would!!. That's 2 more payments you would have to make, and that's if you had a buyer today. What if it takes 6 months?

We can take care of all the paperwork in about a week. We simply order the title research, and draw up the papers. We can set a date when you can move out and we will take over the home after that.

We will make payments on your loan while our tenant/buyer builds equity and finds their own financing.

The best part is, your loan doesn't even have to be assumable for this to work! Our program works, regardless of the type of loan -

assumable,
non-assumable,
assumable with qualifying,
FHA,
VA,
Conventional

We take care of your monthly payments, take on all responsibility for the maintenance and upkeep of your property, and liquidate your asset, before it becomes a liability! Now seriously, does it get better that that? As we stated before, our program can work in an situation.

Benefits to Sellers

Let's summarize the benefits of this program. Maybe not all these points apply to you, but most should:

Rapid, flexible sale of your home
You select the date that you want to move out
We can complete our transaction in as little as 5 days
Certainty of Sale
Avoid the disappointment of "selling" your home, waiting 45 days for the buyer to qualify and then finding out the deal fell through for any number of reasons.
Avoid Sales Commissions - No need to pay a Realtor the typical 6-7% fee.
Eliminate a Listing Agreement
We provide a Sales and Purchase Agreement; after all we are BUYING your home
Eliminate Time Consuming House Showings
We do almost all of the paperwork for you
You Get Quick Relief from Mortgage Payments
Avoid Typical Closing Costs

paying for Surveys,
Title Insurance,
Deed Preparation,
Courier Fees,
Recording Fees, etc.

You don't have to worry about a thing

Benefits to Buyers

To help you understand why our program is so successful, we're including the benefits for Tenant/Buyers:

build up equity in the home of choice while improve credit rating
more time to build up base income
looking for a home in an area that will surely have price appreciation
the ability to fix the price of future home and avoid price inflation
get a better mortgage in 12-24 months than the one qualified for now

These are a few of the benefits for home buyers who want their home now, buy know that their financial profile will be much better in the near future. Maricopa Property Solutions lets these people make payments on a fine home and then when they have improved their equity, credit or financial profile, they can qualify for the type of mortgage that they want. This makes it much simpler for nearly 40% of the people who have trouble quailifying for a mortgage.

Step Taken During The Subject To Offer

We performed a competitive market analysis to determine the approximate value of the property.

If we decide we may be able to meet your needs we draw up several offers for you to consider.

Once you have accepted an offer we meet at your home and review your paperwork. At this meeting we explain the required documentation, such as

Warranty Deed,
Sales and Purchase Agreement,
Power of Attorney,
Disclosure Statements,
Notices to the Lender and Insurance Company
any other peperwork neede to complete the sale

We leave samples of all documents that will be signed so that you may review them with whomever you choose.

While we're at the property, we can show you any repairs or cosmetic improvements that need attending. We agree on a schedule for signing documents and for change of possession. We can be very flexible on our date of possession, but once we set the date, we want to be sure that the home will be available for cleaning/painting crews, as well as initiation of our advertising.

After this meeting, we run a title search to be sure that there are no encumbrances that would cloud the title when we next meet. This search takes about two days, but provides us both with the certainty of the ownership, status of the liens (mortgages and promissory notes), and gives us the exact legal description for creating a Warranty Deed.

At our next meeting, we sign all the forms. The Warranty Deed and the Power of Attorney require notarization. Several copies of each are signed, and you get one copy of each document for your records.

Our last meeting is when all of your your possessions have been removed from the property. At this brief meeting, we ask that you give us the garage door openers, keys and a list of all the utility companies. We will contact them to switch payment of the services. We recognize the pride that you have in your home and we always appreciate the Sellers housekeeping efforts when they move out.

After you leave, we show homes to prospective tenant/buyers. Using our techniques for advertising and pre-qualifying, tenant/buyers have few reasons not to sign an agreement to purchase the home.

You will probably not hear from us for sometime after we take possession of your home. We transfer the utilities and notify the insurance company and lenders. When the tenant/buyer exercises their option, we pay off your mortgage (using the Power of Attorney documents) and notify you that your mortgage has been satisfied.

But remember, buying homes subject to the existing mortgage is only one of many tools in our "arsenal". There's just no way in a single Report we could possibly answer every question and every need you may have... Consider this and overview. If it strikes a nerve... if you find you're in a position with your home that doesn't seem to be going anywhere, one where you think we could possibly help solve, take a little time to fill out the Home Owner Solutions Request

If by chance we can't do business, that's OK. But we honestly believe you'll be pleasantly surprised ..... We specialize in solutions!

By contacting us, you give us the chance to be your solution.
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