- Has a difficult to sell home – due to the home having little, no, or negative equity, or simply a home that is hard to sell size, location, market, etc.
- Needs to sell more quickly than is typical using conventional list and wait method
- Bought or built a new home with a $0/down (or minimal down) mortgage in an area that has not appreciated
- Refinanced an existing home, borrowing most of the equity, in an area that has not appreciated
- Bought a home in an area that has seen significant price reductions
- Has suffered a divorce, lost job, medical problems, or other financial hardship including any combination of an increase in expenses and/or decrease in income
- Has a non-owner occupied investment property that is no longer performing to generate positive cash flow
- Has had an increase in payment due to an escrow shortage adjusted after tax increases, or an under-funded escrow from the purchase of a new home
- Mortgage Payment Assignment – existing mortgage payments are assigned from seller to buyer
- Wrap-Around Mortgage - new mortgage is created and payments are assigned to buyer
- Lease/Option – Home is sold though a Rent-To-Own program
- The sale of a home where the loan payment(s) are assigned to a buyer in exchange for the deed (ownership).
- Although virtually no loans are “assumable”, anyone can make payments on anyone else’s mortgage, and as long as those payments are made, the lender will consider the loan to be performing.
