STOP Foreclosure

STOP Foreclosure with NON-Traditional Program

FAST and Legally

Save YOUR Credit

Move on with YOUR life!!

Abair Real Estate Solutions

Abair RE Solutions, (a division of Humble Homz, LLC) is a Humble Texas based Real Estate Services Company supporting investors and real estate agents in the Greater Houston Area. We offer a variety of training, mentoring, partnering and transaction processing services needed by all successful investors and creative agents.

Abair RE Solutions, offers a program that can help sell any property FASTER by Assigning the Mortgage Payments to another buyer.

If a homeowner NEEDS TO SELL a home, but CANNOT AFFORD TO, because of the amount owed on the home, the condition of the home or the rough real estate market, Abair RE Solutions offers a viable solution, a program that allows a homeowner to assign mortgage payments to a new buyer! With the Mortgage Assignment Program A SELLER is able to sell difficult to sell homes FAST and legally.

Mortgage Assignment/Owner Finance Processing

What is a Mortgage Assignment?

The sale of a home where the loan(s)/lien(s) are assigned to a buyer in exchange for the deed (ownership).

Although virtually no loans are “assumable”, anyone can make payments on anyone else’s mortgage and as long as those payments are made, the lender will consider the loan to be performing.

In a Mortgage Assignment Sale, the buyer agrees to make payments on the seller’s mortgage going forward in exchange for ownership of the property.

What is the Profile of a Typical Mortgage Assignment Candidate?

Find it difficult to sell home – due to the home having little, no, or negative equity, or simply a home that is hard to sell size, location, market, etc.
Needs to sell more quickly than is typical using conventional list and wait method. Bought or built a new home with a $0/down (or minimal down) mortgage in an area that has not appreciated.
Refinanced an existing home, borrowing most of the equity, in an area that has not appreciated.
Bought a home in an area that has seen significant price reductions.
Has suffered a divorce, lost job, medical problems, or other financial hardship including any combination of an increase in expenses and/or decrease in income

Has a non-owner occupied investment property that is no longer performing to generate positive cash flow. Has an Adjustable Rate Mortgage (ARM) in which the payments have increased to an unaffordable level. Has had an increase in payment due to an escrow shortage adjusted after tax increases, or an under-funded escrow from the purchase of a new home

What Paperwork is Needed for a Mortgage Assignment?

Abair RE Solutions will generate a checklist of all paperwork, as well as all forms required to sell your home. This checklist will include:

Authorization to Release Loan Information

Purchase Contract Agreement

Contract Addendum – specifying terms of mortgage assignment

Seller’s Disclosure

Assignment of Insurance Agreement

Seller Acknowledgements

Additional documents we will need:

Loan Information Profile

Loan Number(s)

Loan type(s): FHA/VA, Conventional, ARM

Loan Terms: interest rate(s), balloon or pre-payment clauses

Approximate loan balance(s)

Amount of loan arrearages (back payments - if any)

Copy of recent mortgage statement(s)

Copy of original survey

Copy of Original Note(s) and/or Deed(s) of Trust

Property Repairs Estimate – Completed by Realtor

What are the Benefits of the Mortgage Assignment Program?

Allows a homeowner to sell a difficult to sell home – quickly!

Better than conventional alternatives

Avoids a foreclosure – in cases where homeowner can no longer afford a home

Does not require seller to bring many thousands of dollars to closing – in cases where the home has little, no, or negative equity

Superior to renting – because home is actually SOLD, seller does not have to worry

about maintaining the home going forward

Now realtors can help their clients sell properties even where the property has little, NO, or negative equity. Investors can help buyers acquire properties with financing.

Abair RE Solutions will:

Coordinate with Agent/Investor AND Homeowner

Analyze the subject property for eligibility into mortgage assignment program

Program Mortgage Assignment Program guides and instructions to Agent/Investor

Collect ALL necessary paperwork from all parties involved

Coordinate with Lender(s) and submit proper paperwork

Generate closing documents

Provide solutions for UNUSUAL situations

A transaction processing fee of $495.00 is charged to generate all necessary contracts to secure the property for a buyer, help find a buyer, and to coordinate and validate insurance, escrow, any payoffs and arrearage information with lender(s). Fee may be paid by seller or buyer.

A key benefit of this program to sellers is that most of the closing costs, assignment fees, and commissions (if any) are paid by the buyers. SELLERS are able to sell a difficult home FAST and legally.

Contact our office (866) 606-1435 x113 or email us at info@humble-homz.com

Humble-Homz LLC

Helping People with Real Solutions!!