Are you able to make direct contact with my lenders or other lienholders? Yes, but only if you give us permission. The lenders will require a written authorization for our firm to talk to them.
Who will prepare the documents for the purchase? We can prepare the necessary documents, in-house.
Who would handle the closing? Either a title company or we can close the transaction, in-house.
If you purchase my property, will you cover closing costs? Yes, we will make that a part of the terms of our offer.
Are you willing to consider purchasing items other than real estate? Yes, oftentimes owners need to sell other items to come up with cash for mortgage reinstatement. We can consider other assets as part of a purchase, along with real property, or as an alternative to the purchase of real property.
Would you consider a sale and leaseback? Yes, depending on the circumstances.
Can I consult with an attorney? Absolutely. We are not providing legal or brokerage services to you. We are a distressed asset company that buys and sells property and dealing at arm’s-length. We are truthful and fair in our dealings, but we are not providing legal counsel to sellers in these transactions.
What is in it for me? Avoiding a judgment of foreclosure is a major benefit, because final judgment is not good for your credit history. Restructuring of your debt can be another benefit, giving you an injection of cash that an institutional lender may not otherwise provide.
If we contact you, can we expect an offer? We make offers based on a combination of on-paper review and on-site inspection. If the results of the on-paper review reflect that a purchase will not be feasible, we will not conduct an on-site review or make an offer.