Mortgage Take Over Payment Services
Our dedicated team specializes in providing seamless mortgage takeover payment solutions tailored to your unique circumstances. If you find yourself burdened by unaffordable mortgage payments, our comprehensive services step in to ease your worries.
Need to avoid foreclosure in Texas, but you’re stuck with mortgage payments you can’t afford? Or do you want to maximize the equity in your home by getting a higher purchase price without commissions?
Avoid foreclosure
Sell for a higher price
Get the most out of your equity
Rebuild your credit
No closing costs
No commissions
We can buy your house “subject to” the existing mortgage and take it over. This means we will continue to make on-time payments or pay the mortgage up-to-date if it’s behind, but the note remains in your name. This will build your credit immediately, as your payments will be brought current.
Our goal is not just to assist, but to empower you on your journey towards a brighter financial future. With our expertise in mortgage relief and commitment to your peace of mind, we ensure that you’re not alone in navigating this challenging phase. Discover the freedom to regain control over your finances.
How We Take Over Your Mortgage Payments
Rest assured, our perfected 3-step process is designed to eliminate your worries. Experience a seamless journey by understanding how our process works. We know how difficult selling a property can be especially when so much is out of your control. Whether it be an uncertain real estate market or a property that needs a lot of attention we have decided to make this as easy as possible for homeowners. So we handle every aspect.
We are here to help, so complete our short questionnaire and receive your cash offer. Get excited! We use a comparative analysis based on your property’s location, size of the Home, year built, condition, and what the other houses are selling for in the area. Our cash offers are highly competitive and allow you to skip the traditional real estate contingencies and sell your house in any condition!
Check out the steps involved with coming up with a fair Win-Win cash offer. We will work with you to book an appointment that fits your schedule. On that day, we will meet you, view your home, and assess the condition of your property to give you our fair cash offer.You just skipped a 3 to 6-month selling process, avoided renovation expenses and a 3% to 6% agent fee, and we paid your closing costs.
This is what our clients like most about our process versus the traditional real-estate sale. You get to choose your closing date, and we arrange with a local title company to handle the sale between us. You can expect your cash in 7 Days-time. If you are out of state, then we can process a remote close with the tile company. Selling your house in Texas is really that simple!
What homeowners are saying…
Honestly, we had no idea this was even an option. We are so glad We Buy Homes In Harris County reached out to us. This process was quick and easy and only took a week or two.
TERESA A. [NEW CANEY, TX] ⭐️⭐️⭐️⭐️⭐️
Have Questions?
Give us a call or fill out the short form below to get started.
Benefits of selling your home “subject-to” the existing mortgage
Improve Credit. Since the loan will remain in your name, you will see an improvement in your credit score as the mortgage continues to be paid on time.
Instant Debt Relief. If you owe more than the home is worth, you can use our program to get out from under all that debt and move on with your life with a stress-free process.
Get More Value for Your Home. We can reduce costs when buying your home, allowing you to get more value out of the sale of your house. The higher your loan, the more money you will save.
Loan Transparency. We will arrange for a loan servicing company to collect and report payments so you have complete transparency throughout the process.
Avoid Foreclosure. If you need to sell quickly, subject-to will allow We Buy Homes in Harris County to purchase your house quickly despite needed repairs or low to no equity.
Purchase Another Home. While this might depend on your lender, your debt-to-income ratio will not be affected when your contract shows the debt was sold as subject-to.
Frequently Asked Questions
Why would any seller agree to doing to this?
Typically in negative equity, no equity and low equity situations the seller avoids having to bring money to the closing table, so the seller is able to walk away. Considering interest rates have started to climb with no end in sight this is a win-win situation. After we catch the sellers up on their mortgage payments and taxes there are instances where the sellers can walk away with cash in their pocket instead of bringing money to the closing table. The seller is able to move on from the property. The seller no longer owns the property and therefore is no longer responsible for expenses such as repairs, maintenance, utilities, taxes, insurance, HOA, etc.
1. How will I know the mortgage payment will get paid on time? We use a third party loan servicing company to withdraw money from our account and make direct payments to the mortgage. This also shows proof that payments are being made. Each month you will get an email showing that the loan servicer has received payment.
2. What happens if you miss a payment? We would use a pre-signed Deed in Lieu agreement held at the loan servicing company. The house is effectively transferred back in the sellers name if we default over a 30 day period. Keep in mind, we brought an outstanding loan balance current & caught the seller up on any taxes, HOA fees that were in arrears. So essentially the seller in this situation would inherit the property back and benefit from any all loan pay down payments, improvements made to the home and appreciation that the property has seen. The seller could then sell the property again for even more money.
3. Who is responsible if there are repairs and maintenance needed on the property? The seller is no longer responsible for any repairs and maintenance on the property after the deed is transferred. The person responsible for any repairs or maintenance would be whoever is on the deed of the property. Since the seller’s name would only remain on the mortgage and the deed would change into the buyers name, then the buyer would be responsible for all of the repairs and maintenance.
4. Won’t this affect my Debt to Income to buy another property? For Conventional and FHA loans, we pre-pay 1 month of a lease agreement upfront and the lender that we use is typically able to wipe off 75% of the seller’s DTI right then. After 1 year of on-time payments, 100% of the DTI should be removed from the seller’s name. All you will need to do is show your lender that on-time payments are being made by us for the past year. If you have a VA loan, the amount you can purchase on your next home would depend on how much entitlement you have remaining. If you didn’t have enough entitlement for your next property, then you can use your proceeds from the “Subject-To” sale towards the down payment needed for your next home.
Give us a call to get started (281) 846-5730.
See How Our Home Buying Process Works!
No closing costs, no commissions, no fees, really?
YES! YES! AND YES! An offer is made up of more than just the sales price. There are several questions that homeowners forget to ask when discussing selling their house. How much is an acceptable earnest money deposit, what about the option period, who will cover the cost of the survey, who will cover the owners title policy, title fees, Homeowners Association dues, past due mortgage, the remaining mortgage balance, past due taxes and so many additional line items. We make it as simple as possible for our sellers by covering all of these costs.
No Closing Costs
Texas home sellers are paying 4%-5% in closing costs (survey, property taxes, owner’s title policy, title fees, recording fees, etc.)
As-Is
We will accept the property in “as-is” condition, no need to clean.
No Obligation to Accept Our Offer
You are under no obligation to accept our offer; however, we want to provide a solution based on your need.
No Commission
On average Texas home sellers are paying 6%-8% in commissions and fees in addition to the closing costs.
Guaranteed House Sell
Regardless of the market conditions you have a cash offer.
No Repair Request
We never ask for repairs, on average sellers are covering up to $5,000 in repairs while under contract.
Want the the best offer in the shortest amount of time?
Get your cash offer now
- We are transparent and show you exactly how we come up with our offer amount
- We will cover your closing costs
- We will not ask for repairs
- We want to put cash in your hand
Tell us about your property
See Why TX Homeowners ❤️ Working With Us
We Take Over Payments, Even in Challenging Situations
Life can be unpredictable, and circumstances can force you to sell your home urgently. Whether you’re facing divorce, relocating, in the process inheriting an unwanted house, dealing with financial difficulties or wanting to sell as-is, we have you covered. Our experienced team specializes in buying houses in any condition, so you can move on with peace of mind..