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Home :: Foreclosure Options :: Equity Sharing
Equity sharing foreclosure help
Equity Sharing/Subject to
The pending foreclosure action may eventually take its toll on the property owner. They may become concerned about their inability to remedy their default and begin to consider other forms of relief, even if it costs them a portion of their hard-earned equity.
This technique, called Equity Sharing, helps take the pressure off the property owner by reinstating their delinquent loan. The foreclosing lender is brought current and remains in place until the lender is paid off by the proceeds that come from the sale of the property.
In exchange for this relief, the investor and the property owner would agree to sell the vacant* property, and share in the proceeds. The investor may also make necessary repairs to the property in an effort to make the property more appealing to a buyer.
*Please notice the word “vacant” in the above paragraph. As you learned in your training the property owner must move out of the subject property in order to increase your success rates for equity sharing.
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