they suppose to help people get out of forclosure
2007-09-14 14:35:13 · 2 answers · asked by jennifer v 2 in Business & Finance ➔ Personal Finance
I looked thru their website. One requirement is a minimum 25% equity and the homeowner has a way to make monthly payments.
I suspect you sign over the house to them, the investors refinance taking all the equity, and you make monthly payments. At a minimum they're taking the equity.
Before signing any paperwork, I advise reading all the fine print very, very carefully.
2007-09-14 18:22:20 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
i havn't found anything on them..
> Ask yourself the following questions:
When you look up the company with the BBB, Google or Yahoo, do you find complaints or warnings from previous clients?
Are you being asked to sign a "Quit Claim Deed" or other document that transfers ownership of your home?
Do they require a large up-front payment, with no guarantee of ever performing the services they promised?
Are they asking you to send money without a contract or agreement that outlines the details of the services that will be performed on your behalf?
2007-09-14 22:41:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋