We’re proud to announce The SHARP Housing Program “Sell, Rent & Buy Back” program.
Currently ONLY available in California, Nevada and Arizona…(Keep coming back as we are adding states)
This program is offered through SHARP Stabilization Home Affordability Revitalization Program
This program is approved by the US Treasury and HUD.**
Call us today for specifics: 213-820-7509 I am certified by the SHARP Housing Program and represent the non-profit that purchases your home.
If the property has a Trustee Sale Date pending within 30 Days this program will not be available but we might be able to postpone to later days to make it eligible, thus do not give up.
Some lenders may choose not to participate in this program. Property must be in marketable condition and be in alignment with the surrounding neighborhood as a Single Family Residence or condominium. The home cannot be an attached Mobile Home or Prefab home not attached to a foundation.
There is a cost associated that you must pay to participate:
•$59.95 per month for the length of your participation in the program. This fee includes credit monitoring ,and counseling.
•$450.00 for an independent certified appraisal on your home. This is paid once short sale is approved and will be basis of your purchase price.
•$100 1x Fee for BPO (Broker Price Opinion).
•60 days or more late on payment as per HAFA guidelines.
•The homes first lien or mortgage reflects 20% or more in negative equity
•Home must be owner occupied.
•No pending trustee sale dates.
•1 st mortgage must be less than $729,750
•Debt to income must be less than 40%.
We’ve seen far too many American families having to make the hard choice of selling their home due to rising payments or 2nd liens. With this decision, these families have to seek another home, meet the landlords tight restrictions usually based on credit scores, pack up all their belongings and negotiate moving trucks and getting family members and friends to help them move. Not a very dignified solution to a bad financial situation.
With our “Short Sell & Rent Back” system, we make it easy and pain free for you to stay in the same home.
How does the Short Sell & Rent Back Program work?
1.As Realtors, we list your home*
2.A monthly lease rate is determined based on the appraised value of your home.
3.Under this agreement, you must keep the home clean and green…a reflection of your pride in home ownership.
4.You are required to maintain, your property insurance, property taxes and Home Owners Association fees if property is located in an HOA.
5.You contract with the non-profit organization SHARP to buy your home. SHARP will negotiate with your mortgage company to sell your home to our investor under the Federal Governments HAFA Program. This process may take 4 to 6 months for approval to sell the home under the HAFA guidelines.
6.The sale closes and you rent the property back.
7.Your mortgage company pays our fees…you don’t pay any commissions.
8.Buy the home back after 1 to 3 years at the FUTURE market value…a Win-Win!
Certified SHARP Housing Program Agent
* It is a requirement with mortgage companies that the property must be listed with a licensed real estate agent.**Currently, 2 banks do not participate in this program: Indymac/OneWest and HFC