As the national foreclosure moratoriums come to an end, many homeowners will soon be facing the threat of foreclosure on their homes. For reasons related and unrelated to the pandemic, many homeowners have fallen behind on their mortgages without the ability to catch up. This puts them in a tough spot with limited options, especially to stay in their home. Navigating foreclosure options is tricky, time consuming, and options like bankruptcy can wreck a family's credit and financials.
Luckily Crescent offers a unique solution that allows homeowners to avoid foreclosure and pay off their debt while still staying in their home! We provide a specialized lease option that allows us to purchase the home and lease it back to the family until they are ready to buy the home back. We pay fair market value for the home, giving the homeowner the funds needed to pay off the mortgage, additional debt, and even fund their deposit so there is no out-of-pocket costs to them. They can then use the lease period to reset financially, improve credit, and work towards purchasing the home back! Our specialized options have saved many families from the threat of foreclosure, kept them in their home, and helped them get back on track.
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