why are the homes in foreclosure?

The homes are in default due to the owner not making their payments, this would be due to divorce, bad health, or loss of jobs from the declining market.

How do i take over on the loan?

You would set up a lease with the option to buy, the title will be transferred into your name the loan would remain in the current home owners name until you refinance the loan.

why do i need to contact the home owners?

The current home owner is the only person who can transfer the title of owner ship so you will need to deal with them directly to buy the house.

do i need to clear the default?

The default is between 2-4 months of back payments. When the bank recieves this they will stop the foreclosure auction, that way you can move in and make the payments.

How do i get the title of owner ship in my name?

The current home owners will deed you the title when you bail them out of the default.

how much are the monthly payments?

Based on loan balance for every $100,000 on a loan monthly payment will be $550-$650 per month. ($170,000 loan balance = $950 per month.)

Do I have to pay for this? Or is there a fee?

FirstStepEquity ;does charge a monthly $40 membership fee, but this will cover documents, support & all the listings we have nationwide.

What makes you different from the other pre-foreclosure companies?

We don’t just set you up with listing and let you do this blindly. We walk you through the process and assess your situation to see what would be the best approach for you.