Facing Foreclosure? Sale-Leaseback Could be a Lifeline for Homeowners with Equity

Don't Walk away just yet...

In recent years, housing prices have soared in many parts of the country, and homeowners who were previously underwater on their mortgages may now have significant property equity. If you are facing foreclosure and have equity in your home, you may be able to take advantage of this market trend through a sale-leaseback arrangement.

A sale-leaseback is a financial transaction in which you sell your home to an investor and then lease it back from the investor for a predetermined period, then repurchase it at a preset price arranged between you and the investor. This can be an appealing option for homeowners facing financial hardship who cannot keep up with mortgage payments but still have home equity.

One of the main benefits of a sale-leaseback is that it allows you to use the equity you have built up in your home, even if you cannot make mortgage payments. If property values have increased substantially in your area, you may be able to sell your home for a profit and use the proceeds to pay off outstanding debts or invest in other assets.

In addition to providing a financial lifeline, a sale-leaseback can also give you the opportunity to stay in your home while you get back on your feet. Rather than losing your home to foreclosure and having to find a new place to live, you can continue to live in the home you love while paying a monthly rent that is often lower than what you were paying on your mortgage. Once you get back on your feet, you can execute the repurchase option, often with equity in place.

While a sale leaseback may not be the right option for everyone, it can be a viable solution for homeowners who are facing foreclosure and have equity in their homes. If you are considering this option, please visit The Funded Project's Sale-Leaseback Information Page to get information and to start an application.

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https://www.thefundedproject.org/