If you are faced with a must sale situation, we can still help! Meridian has generated a larger Investor Network that enjoys buying homes and then using our Lease Purchase Protection on the resale. We always encourage Sellers that whenever possible, start with the Protection program because the Investors will need to purchase at a discount.
Please note when submitting that you need to sale now or stop foreclosure.
Note: In today's market, when in Foreclosure, many homeowners feel that it's easier to just walk away. However, the credit and collection troubles are felt long after the property is left. Like anything else in life, it's better to handle the problem head on as soon as possible.
Attention Sellers:We want your home so please let us know if you need out!
The Normal Discount margin is in the 70% range of market value (Ex. Market Value = $140,000, Investor Price = $100,000). This is pretty standard when having to close on a home and then put it back up for sale.
What if my Mortgage pay-off is higher than this?
Short Sale. This process is complicated, but essentially if accepted, your Lender agrees to take less for pay-off than the current balance. Amounts vary and depend on Lender cooperation. If needed we can help with this, too.
Check out our Directory for Meridian Employees and Registered Brokers that can help you with the program.
If you're currently working with a Broker let them know they can Register and help you with Protection
