Here is the latest way people are trying to profit from others misfortune.
The following was actually sent to me about a house I have listed. I removed the actual persons name and website. They obviously did not realize they where contacting a Real Estate Broker so I investigated further to find out what they are really trying to do!
(Peace and Abundance of Blessings to your and you family, I am running the numbers, in preparation to make you an offer on your property. I think your property would fit nicely into my Perfect Tenant Program. The benefits that you get are PRICE, CONVENIENCE, AND SECURITY. We offer to buy your house at today's full market value and take care of the rest. When we lease option a house, we guarantee in writing that all maintenance and repairs will be paid by us while we are selling your house to a tenant/buyer. We only deal with high quality people who are looking to buy, not just rent a house. When you sell your home to us, we handle all the marketing of the house. This includes paying for advertising, screening potential tenant/buyers, and showing the house. We want the process of selling your home to go as smoothly as possible, with no more headaches for you caused by buyers who tell you that they want a house, but end up not being able to qualify for financing. You are also relieved of having to pay double mortgage payments in the event that you have to move before you are able to get a buyer for your home. We simplify the process of selling you home by handling all the details that waste much of your time and money. We make your monthly payments while a tenant/buyer is qualifying for a loan. All your expenses related to the house are taken care of. Try getting a realtor to do that while listing your home! Another advantage is that our objective is to put only high quality tenant/buyers in the house since we make our profit by selling for higher than we buy. Since we guarantee all maintenance on the house, it is in our best interest to ensure that our tenant/buyer will take care of the home and eventually secure financing to cash you, the seller and us out. This means that we put our tenant/buyer through an intensive pre-screening process before they are even permitted to look at the house. We don't work for commissions, so you keep your equity. And, because our profits are made by selling for slightly higher then what we buy for, we have a vested interest in the house and in making sure it gets sold. Please visit my website XXX yyyy for more info. Please let me when you are ready to move forward,
I found out these are the people who bought those get rich with no money down buying Real Estate programs from late night infomercials. Here is exactly how it works:
They buy your house from you on a land sale contract with a return clause at the end (This means you are financing them. They make you payments but pay you little to no actual money up front. However legally they own the property). Then they find a renter and sign them up on a rent to own contract. They rent it for a period of time usually 6mo - 3 years hoping the tenant gets their credit in good enough shape to buy the home for more money than you sold it to them for at the end of the contract. Remember they paid you nothing just took over your payments! Well they did not really take your payments over they pay you your payment amount that they get from the renter they found and put on the rent to own contract. They or you never pay your bank off so you are still responsible for your house payment! The worst part is the people they put on the rent to own rarely become credit worthy enough to buy a home in one to three years. The reason most people go with rent to own in the first place is bad credit. If that renter cant get conventional financing or cash in the amount of time of their rent to own contract they will charge you for their services by selling you back your own home for more than they bought it. This will be confusingly spelled out in the return clause of the land sale contract. This is how to buy property with no money out of your own pocket. What a scam! It's totally legal to!
Rent your house yourself or call a Realtor before getting caught up in the loosing end of these get rich quick schemers. There are better ways to get help even if you are in trouble and over you head!
If you need to sell your house and live in lane county call me @ 541- 543-7287 or go to www.teamthayer.com
