We will control the property and make all the decisions. After we take over and everything is in our name, we will have full ownership. Even though it will not be our name on the loan documents, we will have the deed to the property. In most cases we rent it, sell it, keep it, put more financing on it, refinance it, all the things a homeowner couldn't do for whatever reasons.
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We have an important role in your community because we keep the ball rolling. Instead of going into foreclosure, we can help people like you “save face” and move on while we prevent a bank from foreclosing on you the homeowner. We are also helping the lender because we help minimize a potential loss. There are more than one ways that a lender could lose if they foreclose. For one thing, it stops them from lending more when they have non-performing assets on their books, second, it costs money to foreclose. They have to pay lawyers, court fees, trustee services and other expenses to take back a property. Thirdly, it’s not a politically correct thing to do right now. Fourthly, who knows what kind of damages they will have to deal with after they kick out the homeowner/borrower, there may be city code violations to deal with, squatters and who knows if they’ll be able to recover the loan from re-selling or if they would be able to re-sell. |
WE OFFER SOLUTIONS
Relocating because of a job transfer, or retiring and moving back down south or to be closer to family?
Moving into an assisted type living facility and wants to unload property now? There's an urgent need and you can't wait, maybe your home has been on the market for some time but no takers? While this house sits on the market it stops "you" from leaving and moving on! Time is the most important factor here, not money, we can buy now! |
HAVE YOU BOUGHT ANOTHER PROPERTY AND MOVED AWAY?
HAVING HARDSHIPS BECAUSE OF TWO OR MORE MORTGAGE PAYMENTS? LOSE YOUR JOB OR GOT SICK? Having personal problems? Going through a divorce, illness, aging, or just an empty nest? Having your income decreased but can't get the expenses lowered to match? You need your problem solved now! So you can move on and start over. |
Buying your home to save your credit is the last resort. if we do we will need these forms below:
AUTHORIZATION TO RELEASE BORROWERS LOAN/ACCOUNT INFORMATION
THIS FORM SIMPLY GRANTS, IN WRITING, PERMISSION TO HAVE ACCESS TO ANY INFORMATION FROM THE LENDER REGARDING THE LOAN ACCOUNT(S) AGAINST THE PROPERTY. THIS FORM IS USED AFTER SIGNING THE AGREEMENT TO PURCHASE TO VERIFY THE LOAN ACCOUNT BALANCE, PAYMENT AMOUNT AND STATUS. IT IS WISE TO INCLUDE LANGUAGE IN THIS DOCUMENT THAT MAKES IT GOOD INDEFINITELY. LENDERS HAVE A TENDENCY TO LOSE THESE, SO WE KEEP ONE ON HAND IN THE PROPERTY FILE AFTER PURCHASE. THIS WILL MAKE IT EASIER TO MANAGE THE MORTGAGE ACCOUNT AFTER ACQUISITION. WHEN CALLING THE VERIFY LENDER INFORMATION, WE WILL NEED TO FAX THIS IN TO THE LENDER’S ACCOUNT REPRESENTATIVE.
AUTHORIZATION TO RELEASE BORROWERS LOAN/ACCOUNT INFORMATION
THIS FORM SIMPLY GRANTS, IN WRITING, PERMISSION TO HAVE ACCESS TO ANY INFORMATION FROM THE LENDER REGARDING THE LOAN ACCOUNT(S) AGAINST THE PROPERTY. THIS FORM IS USED AFTER SIGNING THE AGREEMENT TO PURCHASE TO VERIFY THE LOAN ACCOUNT BALANCE, PAYMENT AMOUNT AND STATUS. IT IS WISE TO INCLUDE LANGUAGE IN THIS DOCUMENT THAT MAKES IT GOOD INDEFINITELY. LENDERS HAVE A TENDENCY TO LOSE THESE, SO WE KEEP ONE ON HAND IN THE PROPERTY FILE AFTER PURCHASE. THIS WILL MAKE IT EASIER TO MANAGE THE MORTGAGE ACCOUNT AFTER ACQUISITION. WHEN CALLING THE VERIFY LENDER INFORMATION, WE WILL NEED TO FAX THIS IN TO THE LENDER’S ACCOUNT REPRESENTATIVE.
ASSIGNMENT OF BENEFICIAL INTEREST IN TRUST
THE DEED IS PLACED INTO A TRUST. WE WILL BE THE BENEFICIAL INTEREST HOLDER IN PLACE. YOU CAN BE THE BENEFICIAL INTEREST HOLDERS, AND THEN ASSIGN TO US 9 its up to you). WHEN DEEDING A PROPERTY INTO A TRUST, THERE ARE EXEMPTIONS TO PAYING PROPERTY TRANSFER TAX. ONE OF THE MOST COMMON IS WHEN THE TITLE HOLDER GRANTS TITLE INTO A TRUST THAT THEY OWN. THEREFORE, BY PURCHASING THE BENEFICIAL INTEREST IN THAT TRUST, WE DON’T PAY THAT TAX.
ARTICLES OF TRUST/LAND TRUST
THIS IS CREATED TO HOLD TITLE TO THE PROPERTY. THE PROPERTY IS DEEDED TO THE TRUST. PLACING TITLE INTO A LAND TRUST HELPS INSURE THE LENDER WILL NOT CALL THE LOAN DUE, LENDERS GENERALLY DON’T TITLE SEARCH PROPERTIES WITH PERFORMING ACCOUNTS ATTACHED TO THEM.
THE DEED IS PLACED INTO A TRUST. WE WILL BE THE BENEFICIAL INTEREST HOLDER IN PLACE. YOU CAN BE THE BENEFICIAL INTEREST HOLDERS, AND THEN ASSIGN TO US 9 its up to you). WHEN DEEDING A PROPERTY INTO A TRUST, THERE ARE EXEMPTIONS TO PAYING PROPERTY TRANSFER TAX. ONE OF THE MOST COMMON IS WHEN THE TITLE HOLDER GRANTS TITLE INTO A TRUST THAT THEY OWN. THEREFORE, BY PURCHASING THE BENEFICIAL INTEREST IN THAT TRUST, WE DON’T PAY THAT TAX.
ARTICLES OF TRUST/LAND TRUST
THIS IS CREATED TO HOLD TITLE TO THE PROPERTY. THE PROPERTY IS DEEDED TO THE TRUST. PLACING TITLE INTO A LAND TRUST HELPS INSURE THE LENDER WILL NOT CALL THE LOAN DUE, LENDERS GENERALLY DON’T TITLE SEARCH PROPERTIES WITH PERFORMING ACCOUNTS ATTACHED TO THEM.
LIMITED POWER OF ATTORNEY/DURABLE POWER OF ATTORNEY
DEPENDING ON YOUR STATES LAWS AND CUSTOMS, THE POWER OF ATTORNEY MAY BE DEFINED ACCORDING TO COUNTY GUIDELINES. THIS DOCUMENT GIVES YOU THE POWER TO ACT ON BEHALF OF, OR IN PLACE OF YOU,
IF A NEED LATER APPROACHES:
CHANGE THE EXISTING HOMEOWNER’S INSURANCE POLICY TO A NON‐OWNER OCCUPIED POLICY, ( TO HAVE VALID INSURANCE), AND MAKE A CLAIM , MANY TIMES THE INSURANCE COMPANY WILL RELEASE FUNDS IN THE FORM OF A CHECK. THIS CHECK MIGHT BE MADE OUT TO THE PREVIOUS TITLE HOLDER (YOU), AS WELL AS THE INSURED. BECAUSE THE INSURED WILL BE THE TRUST/TRUSTEE, THE LENDER MAY VERY WELL WANT SOMETHING IN WRITING, AGREEING TO RELEASE THE FUNDS FROM THE ORIGINAL BORROWER.
DEPENDING ON YOUR STATES LAWS AND CUSTOMS, THE POWER OF ATTORNEY MAY BE DEFINED ACCORDING TO COUNTY GUIDELINES. THIS DOCUMENT GIVES YOU THE POWER TO ACT ON BEHALF OF, OR IN PLACE OF YOU,
IF A NEED LATER APPROACHES:
CHANGE THE EXISTING HOMEOWNER’S INSURANCE POLICY TO A NON‐OWNER OCCUPIED POLICY, ( TO HAVE VALID INSURANCE), AND MAKE A CLAIM , MANY TIMES THE INSURANCE COMPANY WILL RELEASE FUNDS IN THE FORM OF A CHECK. THIS CHECK MIGHT BE MADE OUT TO THE PREVIOUS TITLE HOLDER (YOU), AS WELL AS THE INSURED. BECAUSE THE INSURED WILL BE THE TRUST/TRUSTEE, THE LENDER MAY VERY WELL WANT SOMETHING IN WRITING, AGREEING TO RELEASE THE FUNDS FROM THE ORIGINAL BORROWER.
WARRANTY DEED/GENERAL WARRANTY DEED TO TRUSTEE
THIS IS THE DEED THAT CONVEYS INTEREST IN THE PROPERTY, AS WELL AS ITS WARRANTED TITLE, INTO THE LAND TRUST. AFTER THIS IS COMPLETED, SIGNED, NOTARIZED, WITNESSED, ACCORDING TO LOCAL AND STATE LAWS, AND DELIVERED, TITLE TO THE PROPERTY WILL BE HELD BY THE PREVIOUSLY CREATED LAND TRUST(this prevents the "Due On Sale Clause"). A QUIT CLAIM DEED IS ACCEPTABLE.
THIS IS THE DEED THAT CONVEYS INTEREST IN THE PROPERTY, AS WELL AS ITS WARRANTED TITLE, INTO THE LAND TRUST. AFTER THIS IS COMPLETED, SIGNED, NOTARIZED, WITNESSED, ACCORDING TO LOCAL AND STATE LAWS, AND DELIVERED, TITLE TO THE PROPERTY WILL BE HELD BY THE PREVIOUSLY CREATED LAND TRUST(this prevents the "Due On Sale Clause"). A QUIT CLAIM DEED IS ACCEPTABLE.
CONTRACT ADDENDUM
A DOCUMENT THAT'S USED IN "SUBJECT TO" ( the mortgage) TRANSACTIONS. ONCE SIGNED BECOMES ATTACHED TO, AND PART OF THE CONTRACT TO PURCHASE.
IT OUTLINES IN VERY SPECIFIC TERMS AGREED TO: HOW TITLE IS TO BE CONVEYED, THE OBLIGATIONS OF EACH PARTY AS A RESULT OF THE TRANSACTION. DISCLOSURES SPECIFIC TO THE “DUE ON SALE” CLAUSE IN THE MORTGAGE DOCUMENT.
A DOCUMENT THAT'S USED IN "SUBJECT TO" ( the mortgage) TRANSACTIONS. ONCE SIGNED BECOMES ATTACHED TO, AND PART OF THE CONTRACT TO PURCHASE.
IT OUTLINES IN VERY SPECIFIC TERMS AGREED TO: HOW TITLE IS TO BE CONVEYED, THE OBLIGATIONS OF EACH PARTY AS A RESULT OF THE TRANSACTION. DISCLOSURES SPECIFIC TO THE “DUE ON SALE” CLAUSE IN THE MORTGAGE DOCUMENT.
SELLER’S DISCLOSURE FORM/ACKNOWLEDGEMENT OF TERMS
A legally required statement that discloses important or
relevant information to the buyer. A disclosure form is governed by state and federal laws.
THIS FORM GETS IN WRITING, YOUR ACKNOWLEDGEMENT, LIKE A CONTRACT ADDENDUM,THE TERMS OF THE DEAL, THE TRANSACTION DETAILS, AND RELEASES LIABILITY FROM CERTAIN THINGS.
A legally required statement that discloses important or
relevant information to the buyer. A disclosure form is governed by state and federal laws.
THIS FORM GETS IN WRITING, YOUR ACKNOWLEDGEMENT, LIKE A CONTRACT ADDENDUM,THE TERMS OF THE DEAL, THE TRANSACTION DETAILS, AND RELEASES LIABILITY FROM CERTAIN THINGS.
When suddenly everything changes and you have given up on the property or just seeking a way to get out, contact us now.
"Don't just walk away and not get anything for the property!"
contact us
Capital Commercial Investors Inc.
PO BOX 143
Martins Ferry OH 43935
[email protected]
855.411.0500
"Don't just walk away and not get anything for the property!"
contact us
Capital Commercial Investors Inc.
PO BOX 143
Martins Ferry OH 43935
[email protected]
855.411.0500