List with a real estate agent
- Best when…
- the house shows well, you have real equity, and you can wait.
- Good
- often the highest price.
- Watch out for
- repairs, showings, commission and closing costs, and buyers whose financing falls through.
For Florida homeowners
Done with your Florida house payment? We may take it over.
If you're behind, upside down, or just can't carry the house anymore, we can buy it and keep making your mortgage payments. You'll see exactly how it works and what the risks are before you sign anything.
- No fees to you
- Every term in writing
- Closed by a licensed Florida title company or attorney
See if your house is a fit
Takes about 2 minutes. No cost and no obligation. You'll talk to a real person, not a robot.
Step 1 of 2: Your house
Straight talk first: When we take over your payments, your loan usually stays in your name until it's paid off or refinanced. Your lender could also ask for the full balance after the sale (that's the 'due-on-sale' clause). We'll walk you through both before anything is signed. Read the full explanation →
How it works
Four steps, no surprises
- 1
Tell us about the house.
Fill out the 2-minute form or call. We'll ask about your balance, payment, and what you need.
- 2
We check the facts.
With your OK, we review your mortgage statement, title, liens, taxes, insurance and the home's condition.
- 3
You get the plan in writing.
The price, any cash to you, who pays what and when, how you can check that payments are made, and the closing date. Take as long as you need, and show it to your attorney.
- 4
Close with a pro.
A licensed Florida title company or attorney handles closing and recording. After that, we make the payments and you can verify every one.
Your choices
Three ways to sell. Pick the one that fits.
What we do
We take over your payments
- Best when…
- you owe close to what the house is worth, or a listing would leave you with little or nothing.
- Good
- no repairs, no showings, and the payment comes off your plate.
- Watch out for
- the loan stays in your name, and the lender could call it due.
Sell for cash
- Best when…
- you have enough equity to pay off every loan and want a clean break.
- Good
- the mortgage is paid off at closing.
- Watch out for
- cash offers come in below retail price.
If listing is the better move for you, we'll tell you. We'd rather lose a deal than put you in the wrong one.
Who this fits, and who it doesn't
A good fit if you:
- owe about what the house is worth
- are behind or worried you'll fall behind
- moved, inherited the house, or are going through a divorce
- have a tired rental you're done managing
- have a low interest rate and a payment the house can support
- want to walk away without a short sale
Probably not a fit if you:
- have a lot of equity (listing will likely net you more)
- must have the loan out of your name right away
- are far behind with a sale date days away
- can't get every owner on the title to agree
- won't use a title company or attorney
Before you sign anything (with us or anyone)
- Do I know whose name the loan will be in after closing?
- Do I understand the due-on-sale clause and what happens if the lender uses it?
- Who sends the payment each month, and how can I see proof it was paid?
- Who will insure the house, and will I be listed on the policy?
- Who pays property taxes, HOA dues, and repairs?
- What happens if a payment is late, and how soon will I hear about it?
- When and how will my loan finally be paid off?
- Is a licensed Florida title company or attorney closing the deal?
- Have I had my own attorney read the contract?
If anyone pressures you to skip a step on this list, walk away. That goes for us too.
Common questions
Usually, yes. The lender doesn't approve us as the new borrower, so the loan stays in your name until it's paid off or refinanced. That's the most important thing to understand, and it's why you should be able to check every payment yourself.
Yes, it can. Most mortgages have a due-on-sale clause that lets the lender ask for the full balance after the house is sold. Nobody can promise it won't happen, so your contract should say in writing what we'll do if it does, such as refinance, sell, or pay off the loan within a set time.
On-time payments keep reporting on your credit as your loan. A late payment would hurt it, which is why you should be able to verify each payment. Because the loan still counts as your debt, it may also affect your ability to get a new mortgage for a while.
Sometimes. It depends on how much you owe, what the house is worth, and what it needs. Many payment-takeover sales involve little or no cash to the seller, because the main benefit is getting the payment off your plate. Any cash to you will be written into the offer.
Often, yes. If you're behind, the missed payments and fees usually have to be caught up at or after closing, and we'll factor that into the plan. Please also call your lender and a HUD-approved housing counselor, because they may have options for you too.
No. There's no cost and no obligation to find out if your house is a fit. We never charge sellers upfront fees. Closing costs and who pays them are spelled out in the written contract.
Let's see if taking over your payments makes sense.
Share a few numbers. If it fits, we'll explain the plan. If it doesn't, we'll tell you what might work better.