Repurchase Option

Leaseback with Option to Repurchase

If you register with us and your lender still will not modify your loan, and given the correct set of circumstances, we will purchase your home for all cash and lease it back to you for a term of seven (7) years.  We will also provide you with a recorded and guaranteed option to repurchase your home during the seven (7) year term of the lease under the following terms:

Purchase Price plus 20% should you repurchase your home anytime during the first year with that price increasing by 5% per year thereafter.

Example: Based upon $1,200 per month rental rate:

Current Mortgage                                $250,000          

Purchase Price                                     Appraised Value: $150,000                       

Repurchase Price year 1:                     $180,000

Repurchase Price year 2:                     $189,000

Repurchase Price year 3:                     $198,450

Repurchase Price year 4:                     $208,275

Repurchase Price year 5:                     $218,791

Repurchase Price year 6:                     $229,731

Repurchase Price year 7:                     $241,217

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