I have seen them all, and in all cases the theives are taking big money up front, even law firms, so one always has to be careful, but as far as equity stipping, common several years ago, not so today, most have zero equity or worse, reverse equity. Times have changed in the market place over the past year, and what BellaHomes is doing is allowing homeowner to rebuild equity, not stip it away. The lease back is recorded with deed transfer, so like all new strategies, you have to do your due diligence to understand what makes this unique and different than all the others doing the short sales, REO and refinancing which most cannot qualify for if there is no equity, or worse, unemployed. With no cost no risk forensic mortgage audit, one has nothing to lose to learn the truth about the situation of forelclosure, so this is not just delaying the foreclosure like all the others, this is stopping it with the purchase of the mortgage from bank, and then allowing owner the option of staying in home for half the mortgage payment helping them afford home until the are employed again, or are well enough to work.
What I have learned over the years in the real estate industry, mortgage and even construction side, when one is faced with an economic crisis, most do not know where to turn, or worse, do not even have the money to file bankruptcy to try and save their homes. When asking everyone what they hope to gain, everyone says they want to save their home first and foremost. Now with most having zero equity, the theives have moved on since they can no longer steal what little equity may be in homes as was the case several years ago in industry. Since so many in MLMland are facing foreclosures, even some of the so called guru's of years past, I find this to be the perfect recession proof business, and with so many responding to our option, I have no doubt this strategy will trump all other alternatives I have seen over the years. Again, this has nothing to do with equity stripping, nor are there any fees required to get a comprehensive forensic mortgage audit, and that alone separates BellaHomes from all the rest promoting similar sounding services.
Success to all,
Last edited by WarrantiesForLess
on Sun Apr 08, 2012 4:50 am, edited 2 times in total.