But first, remember that we are not credit professionals, lawyers, CPAs, or financial advisors. We are real estate investors with a social conscious. We want to help. But when it comes to credit repair, we only have one tool. You can sell us your house subject to the existing mortgage.
How does that help you?
If you’re behind on payments, we’ll catch them up. We may even be able to pay you some cash for the privilege. Once we take over the payments, we’ll make them on time every month, because our income depends on it. Over time, as we make the payments, your payment history improves and your credit score with it.
Your credit score improves precisely because the mortgage remains in your name.
As I mentioned before, we are investors who, besides redeveloping houses, own a portfolio of income properties. All of these properties are debt-financed. We are only able to make money by generating income from these properties and making payments to the banks on them. If we were to lose one of those properties to foreclosure, we wouldn’t make any money on it.