The moment you feel pressured into making a decision, especially if you receive an offer that seems “too good to be true,” proceed with extreme caution. Trust your instincts. There are plenty of people out there who are eager to take advantage of your situation and leave you facing even worse consequences than you would have before accepting their “help.” Be suspicious of any lender or buyer that requires you to sign over your deed and promises to pay you once your property is sold. Foreclosure avoidance scams are unfortunately common; these fraudulent lenders and buyers often take possession of the property for a short time, collect rent on it, and then allow the bank to foreclose on it anyway. Worse yet, the homeowners in such cases are often still on the hook for their mortgages. This type of sale is called a “Subject To” Sale, where the purchaser buys the home “subject to” the title of the home being transferred while the mortgage/note stays in the previous home owners name. NOT A GOOD IDEA FOR ANY HOME SELLER TO APPROVE A TRANSACTION LIKE THIS!

Legitimate home buyers pay cash and will pay off your mortgage! If you are interested in selling a house and having your mortgage paid off, speak with us here at Elite Home Offer ! We promise to make you an all cash offer that will relieve you of your mortgage obligations, and put cash in your pocket.

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