Rent-to-Own Stop Foreclosure
 

DENVER, CO Foreclosure

  
  720-498-6504  
 

If you in Foreclosure? You are in the right place.

  
Get the time you need to pay off debts Use us as a buffer to save your home Get a hand up

We pay off your existing mortgage, this means you are out of foreclosure, the late payments stop and you have paid off a large debt on your credit. This should help your score and you don't have to worry about the payments.

In most cases, we can give you 6 months free rent. This frees up income so you can pay off debt and start rebuilding your score.

We keep your payment low on the rest of the lease to help you continue to pay off your debts and get your credit back in shape.

As you probably know, you don't qualify for a new mortgage when you are in foreclosure. You will need a 12 month zero late payment history as part of your qualification for a new mortgage, whether it's a refinance or purchase.

We buy your house and rent-to-own it back to you, creating the 12 month zero late payment history you need.

At the end of the 12 months you have an option to buy your house back, but don't worry, we make the down payment for you, it's included in your rent-to-own agreement

If you close with us, we will pay your attorney to look over the documents we provide, so you feel comfortable moving forward.

We use standard purchase and rental agreements, documents you've probably seen before.

We give you a 5% down payment to help you buy your house back at the end of the lease. This is written in your lease agreement and in your sales contract so your lender knows you made a down payment, so there is no out of pocket down payment when you buy the house back.
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Is bankruptcy a better choice?   Where else can you get this deal?   Don't loose your chance at homeownership
  1. Bankruptcy stays on your record for up to 10 years
  2. In most cases, it can take up to 4 years to be able to buy another house again
  3. If you are awarded a bankruptcy and fall behind on a payment, the court can give a "Stay of Relief" to your lender and they can foreclose at the next available sale.
  4. If you decide to sell or title your house to someone else, you must ask permission from the bankruptcy court. If you don't the court can revoke your bankruptcy and the lender can sell your house at the next auction.
  
  • Stop late mortgage payments
  • Pay off debts
  • Get free rent
  • Get a 5% Down payment
  • and a 25% discount of market value
  • Where elese can you get 30% OFF on a house?
  • Why not buy the house you are in, wasn't that the plan?
  • See if you qualify today
  
  1. Most people who lose their home to foreclosure never buy another house, they become lifetime tenants.
  2. Most people who sell their home on the market end up spending the money on other things.
  3. Why did you buy the house you're in?
  4. Stay close to your job?
  5. Keep your kids in the same school?
  6. A yard for your pets?

 

Fixing your credit after foreclosure event

 Cash for Keys versus Rent-to-Own

Buying your house back after foreclosure event
  • Foreclosure is just around the corner for many people
  • and your credit score can be several impacted by an actual foreclosure. Did you know it can take up to 4 years after a foreclosure to qualify for another mortgage?
  • Paying off your house during a default can keep you from having an actual foreclosure on your credit report. Paying your house off can help your score even if you have multiple late payments because of the pre foreclosure.
  • Your credit isn't just about score.
  • Consider your trade lines.
  • You need at least three open trade lines that are paying on time at least one that has been open for 2yrs or more.
  • If you don't have a 2yr trade line, see if someone in your family has a card that is paying on time and ask to be added to the account. Your score will go up and you can meet this requirement.
  • Don't take too many of them with high payment amounts.
  • Debt to income is calculated by adding your monthly payment amounts (not your credit amount) add them all up, car payment (not insurance), credit cards and any other account appearing on your credit report that you are making payments on, including your new mortgage, it's taxes, insurance and HOA if you have them. This will be your "debts". Example: You will not add in a mortgage of 500,000 but ad it's payment of 3,000.00.
  • This will give you a total monthly debt payment.
  • Now, take the total debt and divide it into you net income (income after total withholdings)
  • This will give you a fraction and that is your "Debt to Income Ratio)
  • Your DTI must not be higher than 45% on a conventional loan
  • Getting your credit back in shape after a foreclosure event may not be as hard as you think if you just pay attention to your credit.
  • Experian has a program called Boost. If you subscribe to Experian you can sign up for Boost and pick the accounts from your bank account that you pay on time and it will automatically Boost your score. You can choose as many bills you want that you pay on time.
Rent-to-Own
 Cash for Keys
  • Because you are in foreclosure we must create a 12 month zero late payment history for you. We can do this by paying off the liens and mortgages on your house and giving you a 12 month lease. Because you are leasing you have no mortgage to be late on, unless you own another house.
  • You can't have a late mortgage payment on any mortgage during the most recent 12 month period to be eligible for a new mortgage.
  • The 5% down payment we are giving you is not refundable if you don't buy the house back. It's just something we do to help you.
  • The down payment is written as dollars and cents into your sales contract with us as well as your rent to own agreement. This helps underwriters see that you have already made a down payment.
  • A conventional loan or VA loan are a few products that you may qualify for after being out of foreclosure for only 12 months.
  • If you qualify for a VA loan, you may be able to buy your house back after just 6 months. But you will still have the VA funding fee. You do not have to use your VA to buy the house back, you can take out a conventional loan after you have been out of foreclosure for 12 months.
  • VA loans are typically used for their zero down payment feature. Because we give you a 5% down payment, you are covered on your down payment.
  • Traditionally, you will need a 640 credit score for a VA loan, but may go down to as low as 600 if your debt to income ratio is 35% or lower.
  • You will not qualify for an FHA loan after being out of foreclosure for 12 months.
  • FHA requires that you are out of foreclosure for 24 months.
  • Of course, no matter what loan you are going for, there will be other factors involved in underwriting, such as income and job stability.
  • We suggest that you consult a mortgage professional to make sure you can meet the basic loan requierments so you can start getting ready to purchase the house, and keep an eye on your credit, your mortgage professional may be able to help you manage that as well.

Being in foreclosure can be very stressful, but the one thing anyone in foreclosure knows is that they need to resolve the issue pretty fast.

We have seen banks and lenders foreclose on properties because the homeowner waited to the last minute to find a solution that could keep them from losing their home to foreclosure.

Like anything, stopping a foreclosure takes time, even with a program like this. There are steps we must take before we can finalize our offer with you.

Though you may not have much equity and are having a hard time finding your way out of foreclosure, we may have a structure that will help keep a real foreclosure off your credit.

Higher LTV means you owe more on your house than what is allowed on our regular foreclosure bailout program, but we may still be able to offer you a solution.

Having no to little equity in your house can be limiting when it comes to foreclosure, but we may still be able to help you, but with different terms because low equity is a higher risk for us.

But the good news is, if we make a rent-to-own deal with you, you can still stay in your home and you still have the opportunity to buy it back in 12 months.

This will save your house, keep the actual foreclosure off of your credit and build your credit score all while occupying the house. It's just something you work through until you complete the program.

We know how hard it is to say goodbye to your house, but if you are in foreclosure with a high LTV, selling it may be the only way out.

If you let your house go to the foreclosure sale, it can haunt your credit for many years.

It can take up to 4 years to qualify for a new mortgage after your house is foreclosed on.

If you have tried everything else, including applying for a modification, and you have little to no equity, or your house simply isn't selling, you may need to unload fast.

Our cash for keys program is for homes that may have deferred maintenance or the homeowner needs to exit fast due to a pending foreclosure.

If your LTV is very high we may only be able to do a Cash for Keys program to help you move and stop the foreclosure. Believe it or not, paying off your house will help your credit.

We will make an offer to you based on the condition of your house, the amount of missed payments and total payoff amount to get your house out of foreclosure.

The house must be swept out and no trash or belongings left behind. Cleaning and roll off dumpsters are expensive. We would rather put that money in your pocket.

Fixing your credit after foreclosure continued

Buying your house back after foreclosure event continued
  • There are new credit score models this year (2025).
  • 40% of your score is based on credit usage, so watch your credit card spending. Do not spend over 30% of your credit limit.
  • This 30% also includes your monthly payment. So if your card has a 300.00 limit, only spend 90.00. The 90.00 must include your payment because it will be added to the amount due.
  • If you need to, get a new card and always take the Experian recommended card. They know your credit profile and you will get the card. The ones that come in the mail may not give you the card. Applying for credit and not getting it hurts your score.
  • You will need a minimum credit score of 620 for a conventional loan. This will be your middle score from all three bureaus, Experian, Equifax and TransUnion.
  • Middle score means, not the highest score and not the lowest score, but the one in the middle. The middle score is the score your mortgage company will use.
  • You should sign up for a free account with all three bureaus and keep an eye on your score, check emails for updates and offers.
  • Start working with a mortgage company early on so you know what you need to qualify for your new mortgage.