"No one but the banks are winning here."

Are you facing financial difficulties due to job loss and feeling overwhelmed by mortgage debt? Don't worry, there's a solution that can simplify your finances and help you get rid of that mortgage debt quickly. It's called the "sub-to" option, and in this blog post, we'll explain how it works and discuss its pros and cons. Keep reading to learn more about this strategy and how it can help you!

Section 1: The Dilemma 

- When Job Loss Leads to Mortgage Debt Imagine you recently bought a house using a loan, and everything seemed great until you unexpectedly lost your job. Now you're struggling to make mortgage payments and feeling trapped. To make matters worse, you haven't built any equity in your home yet, and the housing market has dropped. This is a tough situation that many people find themselves in.

Section 2: The Solution 

- Selling to an Investor with a "Sub-To" Option So, what can you do? If you try to sell your house the traditional way, it could take a long time and cost you even more money. But there's a simpler solution: selling to an investor with a "sub-to" option. What does that mean? Essentially, the investor will take over your mortgage payments and, in some cases, even help you catch up on missed payments. They might also provide some additional funds to assist you with moving expenses, depending on your specific circumstances.

"Since there are no inspections, appraisals, walkthroughs, or loan approvals, these can usually close quickly. The loan payments will go through a professional servicing company who will send the payments every month directly to the bank. Hassle-free."

Section 3: How It Works 

- No Hassle, Quick Closing Unlike traditional home sales, the "sub-to" option doesn't involve appraisals, inspections, or loan approvals. This means the process can be much faster and hassle-free. The investor will arrange for a professional servicing company to handle the loan payments on your behalf, ensuring they are sent directly to the bank every month. This way, you can focus on getting back on track without the added stress.

Conclusion: 

While the "sub-to" option can be a helpful solution, it's important to seek advice from professionals before making any decisions. At Peace Home Offers, we can guide you through your options without any obligation. Contact us for a free consultation and discover why our motto is "Offering Sellers Peace of Mind." Remember, there are ways to simplify your finances and overcome mortgage debt.