The Friendly Foreclosure Strategy
You know the story: missed mortgage payments, endless loan modification paperwork, FORECLOSURE.
There is HOPE! This is Sam's story.
Sam has fought foreclosure for 2 years. On top of that, he could lose custody of his son if he can't keep his home. He has income, but his lender does not care. While one department says "Call us, we can help you!", the other is mailing him foreclosure notices. Sam gets yet another denial letter. The foreclosure auction is scheduled. He has no more options.
But then Sam meets a friendly investor.
The investor proposes to buy Sam's house at the foreclosure auction – IF Sam will agree to CONTINUE living there!
Sam would pay rent, and hopefully, buy it back as soon as he is able. It sounds too good to be true! Having no other options, Sam decides to go for it - he has nothing to lose.
The Friendly Foreclosure Strategy is a partnership between a homeowner in foreclosure and a friendly investor, to save the home when all other options have failed.
Why do we call this a “Friendly Foreclosure”? Because the two parties are friendly and work together to save the home!
At a conventional auction:
- an investor bids on and buys a property, sight unseen
- the homeowner is devastated & doesn’t want to leave
- the investor can't take possession for 30-90 days
- the homeowner must either move or be evicted
- the investor has to repair & market the property before making a profit
It’s an ugly process for everyone.
At a Friendly Foreclosure auction:
- the investor and homeowner team up before the auction
- they negotiate terms of a lease to begin after the auction
- the lease includes a “buy back” option at a set price
- the investor bids at the auction based on the agreed terms
- the homeowner never has to leave their home
- the investor has instant cash flow
It’s a win-win for both parties!
Sam’s investor wins the foreclosure auction and buys the house for 60% of market value!
Sam never has to move and keeps living in his home, paying rent to his friendly investor, now his landlord.
Four years later, Sam buys his house back at 20% less than what he owed his lender in foreclosure.
The friendly investor makes a tidy profit and Sam is a homeowner once more with a real chance to build equity.
But for Sam, this still isn't as good as it gets...
One year later, Sam sells his home and makes $40,000!
Sam's story from financial ruin ends spectacularly - yours can too!
Find Out How This Can Work For You!
Amazon #1 Best Seller
Real-life Examples
Financial Benefits for Homeowners
Step-By-Step Recommendations:
- How to Find a Friendly Investor
- How to Evaluate a Friendly Investor
- How to Negotiate Terms
Ready to Find a Friendly Investor?
ForeclosureFriendlies.com is a matchmaking site designed to allow homeowners and Friendly Investors to find one another. Create a property profile to highlight your attractive qualities. Browse Friendly Investor profiles and request to chat privately. Exchange contact information to move forward with the Friendly Foreclosure Strategy in person! A basic subscription is $1/month.
Testimonials
"I couldn’t be happier. How it worked for me. I was out of options and hope... It worked out for us at auction, and 3 short years later I was able to buy back my house. Never had to pack my bags or leave our first family home. "
~ Jeff
"The Rogers law group saved my house even though the house was forced and sold. I recommend this law firm to anyone who has the same problem as we did. Thank you very much for saving my home!"
~Jacqeline
"We came in and met with Mr Rogers thinking we were going to lose our home. Not only did his group save our home, but they did it faster than we expected. He did not promise the world. He promised to help. He delivered our world back to us."
~ Brad
"I absolutely love this firm. They helped me out of a foreclosure a few years ago and I am Forever grateful to Rick Rogers and George Olsen. They literally saved my financial life."
~ Polly