“Selling Your House Subject to the existing financing ”

Homeowners, facing (Foreclosure, Divorce, Illness, and other critical situations). They are late on mortgage payments, 30, 60, 90, or more days and owe more than the house is worth. Putting the house for sale with a Realtor MUST HAVE TO DO a SHORT SALE. Unfortunately, 99% of homeowners don’t have the resources (Money) to put the mortgage current. (Plus late fees, penalties, Etc). What can I do, homeowners ask all the time?…

We explain to them, Bricor our company buys the property using SUBJECT TO THE EXISTING FINANCING. The homeowner is out of the hook of the mortgage payments. Because someone else (We Bricor) pays your monthly payments, taking out of your shoulders the ugly NIGHTMARE that you are facing. It is a great option.

Why Bricor Take Over The Payments of your mortgage (Subject To The Existing Financing). We take in count, the monthly cost (Having the property in our portfolio) and what kind of repairs the property needs, and the general conditions of the house. Basically those are our major points of interest when we buy a property.

When we meet with the homeowner, our goal is to EXPLAIN IN FULL HOW THE PROCESS WORKS. The homeowner MUST UNDERSTAND, the process from A to Z and how VITAL IS THE TWO WAYS COMMUNICATION.

For example, you have a $300,000 house and you still owe $290,000. We buy your house. (Subject To The Existing Financing / Taking Over The Payments)

The Mortgage Stays Under The Homeowners Name In Place (Nothing Changes)

You (The homeowner is still responsible for the mortgage). You do not own your house any longer. This sounds kinda scary for some individuals. (Yes, we know we hear these hundreds and hundreds of times). It is also risky because the new owner (The investor our company Bricor) has no home loan liability, (Some people tell us, you have nothing to lose) Oh Yes, Mr/ Mrs. Homeowner, We have a lot of money to lose. We need to put currently the mortgage payments, don’t forget the late fees, lawyers involved, repairs need it Etc. Maybe the homeowner won’t see it from our end (We are taking a huge responsibility).

FOR HOW LONG THE MORTGAGE HAS TO BE UNDER MY NAME?

This is one of the main concerns from the homeowner, the loan could stay in your name for the entire life of the loan. Which could impact your ability to get other loans (Home Purchase) in the future. As an investor, we can refinance the loan or sell the property. At that point, the mortgage would get paid in FULL.

As we mentioned above, our main goal is to EXPLAIN, EXPLAIN & EXPLAIN. We want you to know what is going on during this transaction. We (Bricor the Investors), we need a leap of faith and TRUST YOU, and assess our RISK investing with you. The major concern for any investor is, that in the future you (DECLARE BANKRUPTCY) DO YOU UNDERSTAND OUR RISK NOW?

SUBJECT 2 (Subject to the existing financing)

Even when we want to help homeowners in DISTRESSED SITUATIONS. (SUB2 isn’t for EVERY HOMEOWNER).

The homeowner MUST BE INVESTED IN THE TRANSACTION, as we are COMMITTED TO IT. We help you to AVOID (A SHORT SALE, FORECLOSURE and to RUIN YOUR CREDIT MORE THAT IT IS.


Need To Sell Quickly? Here’s What We Do For You:

  • You’ll pay NO fees and NO commissions when we buy your house. We pay ALL closing costs associated with the transaction out of our pocket.
  • We’ll buy your house in any condition, ugly or pretty. We can buy in any condition, regardless of what you OWE or if you’re in foreclosure…We can truly HELP you out of this situation!
  • We can get CASH in your hands within a few hours or days of you contacting us.  We can close super fast (usually within 7 days… sometimes sooner).

Whether you’re in foreclosure, going through a divorce, inherited a property you no longer want, or any other reason you just need to sell… we’ll make an offer on your house.  Just submit your property address to the right and we’ll get back to you within 24 hours with a fair all cash offer. Talk to you soon, BRICOR INVESTMENTS