Tired of being a Tenant? Preparing to Buy after Short Sale or Foreclosure

Over the past several years with the deprecation of home values many homeowner’s unexpectedly saw themselves suddenly become tenants. They didn’t want to become tenants, they were living the American Dream of homeownership now they are paying someone else’s mortgage. Is this the situation you are in

After facing a divorce that ultimately lead to a short sale of their property, Cindy leased a home for $1095.00 per month. After consulting with our lender and credit counselors to repair her credit. Cindy was able to purchase 1800 sq ft, 4bedroom home for her and her children and her payments are now only $750.00.

Experiencing a job loss and forced into bankruptcy, which lead them down a path to a foreclosure the Wolfe family found themselves as tenants for the first time in 15 years. They were renting a modest home in Peoria for $1450.00. Our team got them pre-approved for a new home and they closed on their brand new home with a monthly of $1050. Their new home is even larger than the rental.

It’s not too early to start planning for your home purchase. We have seen many people “wait out their time frame” to repurchase and when they think their timeframe is up, we find out that their short sale was reported as a foreclosure and now we have to wait to get the credit repaired.

Our team, along with a team of professional partnerships we have established with lenders and credit counselors have been experiencing a tremendous success in getting our clients back into homeownership. If you are tired of paying someone else’s mortgage and want to find out how you can buy AND how you can take advantage of this market then contact us for more information on our Preparing to Repurchase Program or register for one of our upcoming events.

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Tags: Bankruptcy, Buyers, Foreclosure