We have been acquiring real estate since 1994. Our owners, managers, sales associates and legal professionals have over 200 years combined experience. We have provided answers below to our most frequently asked questions as to what the benefits are of selling your property to our firm.

Q: NEW: - What happens after I sell my property to you?? Will I be able to get updates on your progress with the bank?

Yes. We have an extensive knowledge base which includes all of the most frequently asked questions that people have after their property has been sold to us. These questions and answers can be accessed by clicking on the 'support' tab at the top of this page. Also, you are now able to track our progress with the note purchase from your bank with the new S.T.A.T.U.S system (Seller Tracking and Transaction Utility System) which is also located in our support suite, under the support tab at the top of the page. Video instrucitons on how to use and access the system are there to help you get a quick start. Complete log in credentials and instructions will be provided upon the sale of your property to our firm

Q: What exactly does your company do, and how can you help me??

We are a professional note buying firm. We purchase your property directly from you, subject to the underlying mortgages. We bypass the shortsale process and buy the mortgage notes directly from the bank. We use pre-litigation steps to gain leverage with the bank (demanding they produce the original note, forensic audits for TILA, RESPA violations, etc), then we negotiate the purchase of the mortgage notes from a position of strength. We deal directly with the bank's legal department, bypassing loss mitigation completely. For more details on what we do after you sell to us, click the 'How Does it Work?' tab at the top of the page.

Q: What's the difference between what your company does, and doing a short sale?

A short sale proceeds thru the loss mitigation department and/or short sale department at the bank. You have absolutely NO leverage in a short sale. The bank sets the price, and terms of the sale. They are unresponsive, and inflexible. They care only about the bottom line and their agenda. You will waste hours on the phone, deal with countless frustrations and ultimately (in most cases) the short sale will fail and result in a foreclosure.

In contrast, we deal only with the banks legal department, and our legal process gives us the leverage that you do not have. The phone calls will stop, and you will not have to deal with them anymore. We go to work and we purchase your mortgage notes directly from your bank. The result is a quick sale that avoids the problems associated with a traditional short sale.

Q: What effect will selling to walkaway have on my credit?

In order for you to sell to us, you MUST either be behind on payments already, or be willing to go behind on payments. You must understand that a bank is not motivated to do ANYTHING with a property where the owner is current on their mortgage. Why would they? Put yourself in the bank's shoes. If you have a performing asset, with monthly payments coming in, why would you ever agree to take a loss on that asset? The answer is that you wouldn't, and neither will the bank.

The earlier you can understand and accept this, the better off you will be. You will have mortgage lates on your credit as a result of selling to our firm, however we help you avoid the most devestating credit hits, such as getting a deficiency judgment or foreclosure.

Q: My property has a foreclosure date scheduled. Can your company still by my property?

Unfortunately, no. It is our policy not to accept properties where there is an existing foreclosure sale date scheduled. Since our process with the bank is a legal process, it takes time. We are not an emergency foreclosure rescue service. Ideally, you should sell your property to us when you are first deciding to stop making payments. The longer you wait, the more difficult it will be for us to mount our legal defenses to gain leverage to come to a successful conclusing. Our greatest success comes from early default properties, where the owner recently decided to stop making payments, and where there is ample time to implement our legal tactics. This is well before the bank has set any sale date on the property.

Q: Why is your acquisition process suprerior to a short sale?

Short sales have a DISMAL success rate. Nationally, less than 20% are ultimately successful, which means 4 out of 5 short sales end up as foreclosures in the end. In addition, you may be sued for a deficiency judgment and/or receive a 1099C and be liable for a big tax bill. We approach the bank from a legal standpoint, which provides us tremendous leverage in negotiating a settlement.

Q: What fee do I pay for your services?

We NEVER charge any fees to anyone, at any time. We are property investors. We make our profit down the road when we re-sell the property we have purchased from you. Our profit is the difference between our final purchase price of your mortgage notes, and what we re-sell the proeprty for down the road. That is why we do not need to charge sellers a fee up front.

Q: My property has multiple loans (2nd, 3rd, 4th mortgages, etc). Can I still transfer it to your company?

Absolutely. We can accept properties with just one, or multiple liens

Q: When I assign the property to your company, am I really done with the property?

Absolutely. All the work of dealing with the bank is done at that point by you. We notify them and they direct all future correspondence to our company. At that point the phone calls from the bank will stop. If there was a current foreclosure in process, we stop it. We then go to work in our negotiations on purchasing the notes directly from the bank

Q: When you buy my mortgage from my bank, won't I just owe you the money instead of the bank?

No. When we acquire the mortgage from the bank, part of our settlement is that the previous owner (you) receives a release and satisfaction of mortgage. This is a legal document from the bank, which releases you from any obligaiton on the loan we purchased. You are no longer 'on the hook' for the mortgage, and this document also protects you from the bank suing you for a deficiency judgment as well.

Q: I have tenants that live in the property and pay rent. Can I still assign it to you?

Yes. Tenants tend to keep the property preserved and protected from vandalism, and we will work with the tenants and/or property management to keep them in the property and honor their lease.

Q: Do you acquire properties in all 50 states?

We do have some limitations on the types of properties we accept, and in what states. For details, call us, or scroll to the top of this page and click the link titled 'NEW - Does Your Property Qualify?

Q: Your company claims to be able to 'purchase' my house in 10 days. That sounds too good to be true. How is that done?

The property is assigned to our company "subject to" the existing mortgages. That means title transfers to our company up front. Becaus we are not bringing in a new mortgage, the transfer process is very simple and straightforward. We make the assignment process as easy as possible for you.

For complete details, scroll to the top of this page and click on the 'Owners' tab. Watch the video, and then follow the instructions to submit your property details. After you submit your property details, you will have access to the documents and a complete video walk-thru.

Q: When you acquire my property 'subject to' the existing mortgage, doesn't that trigger the 'due on sale clause'?

Yes, but it is irrelevant, as we will outline here. The 'due on sale clause' is a provision in most mortgages that allows the lender to accelerate the loan (call the loan due) if title is transferred without the lenders consent. We are not asking for the lenders permission, and therefore the due on sale clause is triggered and the lender has the right to accelerate the note.

However, since all the properties we acquire are already default due to non-payment (or the seller has recently agreed to stop making payments), the note has or will be accelerated and called due because of non payment, and so the due on sale clause is irrelevant.

Q: I noticed on your site you did not ask how much I want for my property. Why?

The price is not set between us and the seller. Remember, we are buying the NOTES from the bank, so the price is set between our firm and the bank. When we buy 'subject to' your existing mortgage, no money needs to change hands, and therefore price is irrelevant. Upong completion of the sale from you to our firm, we negotiate a settlement with the bank on the amount owed on the promissory note (amount of your mortgage). We work with entry level homes to multi-million dollar estates.

Q: I currently live in my house and would like to do a lease-back arrangement so I can stay here. Can you do that?

On a limited and exception basis, we can do a lease back arrangement. Our preference is for you to move on and move out, however we do understand that sometimes circumstances make it such that an owner would prefer to stay. In order to receive an exception, you will have to pass our tenant screening process, just like any teanant would. Ownership will transfer to our company, and you will no longer be the owner, but will be a teanant, and subject to the same rules and guidelines of any landlord-tenant relationship. Failure to pay rent will result in an eviction. For details, speak with your account representative.

Q: My property needs a lot of work (damaged by tenants, deferred maintenance, etc). Do you acquire properties that need work?

No, we do not buy fixers or rehab properties.

Q: I have a tenant in my property, and they need to be evicted. Will you still consider my property for acquisition?

Only if you evict the tenant first, and make sure the property is in good condition. We do not acquire properties where a tenant needs to be evicted, as they tend to damage the properties.

Q: Are you a law firm?

No. We are a real estate acquisition firm, specializing in defaulted properties. We work closely with real estate attorneys.

Q: If I transfer my property to your company, will that stop negative credit reporting?

We want to be sure you understand that the sale of the property to our company cannot control any negative credit reporting. It is beyond the scope of our ability to control or influence how a lender may report loan information on your credit report. Any current negative reporting will not be erased by selling your property to us, and any future negative credit reporting may continue based on what the lender chooses to report to the credit bureaus.

Q: What is your phone number and address? Are you a 'real' company, or just online?

We are a real company, with brick and mortar offices. Just click the 'about us' button at the bottom to learn more.

Q: There are back taxes owed on my property (property or federal). Would I need to pay those before I transfer title to your company?

No. Once title is transferred, taxes and other fees are negotiated with the bank as part of the settlement process. If it is a federal lien (for non payment of income taxes for example) that is a special situation, and requires company approval. Discuss that with your rep and we can see if we can make an exception.