The Dirty Truth About

Lease Options In Texas

 

 

 

 

How to own your Dallas area dream home this week with NO credit check - even if you filed bankruptcy yesterday!

 

 

You're about to learn the only way that you can buy a gorgeous suburban north Dallas home in a gorgeous neighborhood in a matter of days (not weeks or months)...

...Regardless of your credit history, employment status, or income verification... *GUARANTEED!*

 

 

From:  Marcus Curry Allen, Texas

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Dear Future Homeowner,

 

If you have less than perfect credit (or even down right ugly credit) and would love to own a breathtaking home in a beautiful Dallas area neighborhood as soon as this week...

 

...Then this may be the most important message that you will ever read.  Here's why...

 

 

Homebuying has changed.  It's much more difficult to get the money you need.

 

If you don’t have...

• Top notch credit,

• The ability to prove your income with several years of income tax returns and months of paycheck stubs, and

• Rock solid employment history;

...then your chances of qualifying for a traditional mortgage are slim to none.

 

 

A guaranteed solution

 

There's a better way and you found it. 

 

AllCreditIsOK.com is the #1 source of no qualifying owner finance homes in the suburban north Dallas area and will make you the owner of your dream home this week...

 

Without a credit check; Regardless of your employment status, and without any income verification… Even if you filed bankruptcy yesterday!

This is NOT a bogus "lease to own" type program that requires a big deposit but never actually helps you become a homeowner. 

 

This IS a legitimate opportunity for you to get the deed to your dream home put in YOUR NAME as soon as this week... even if you have down right ugly credit.

 

This is the perfect solution if you:

 

Have ugly credit...  Are self-employed... Lack job stability... Recently filed bankruptcy... Have high debt ratio...

None of these things matter when is comes to approving you for your new home!

 

If you meet our simple down payment requirement, then you are approved… GUARANTEED! 

 

More about that in a second... first I have something really important to share with you.

 

 

Don't be victimized!

 

Owning your dream home almost overnight is made possible because AllCreditIsOK.com offers "No Qualifying Owner Financing".

 

We are not the only company that offers owner financing, but as you are about to see, not all companies are created equal.

 

If we lived in a perfect world, everyone would be honest, ethical, fair, and do business with integrity.  Everyone would “mean what they say and say what they mean”. 

 

Unfortunately we do not live in a perfect world and everyone does not operate from a high moral standard.  With this in mind, the only smart thing to do is make sure that you are fully protected – especially when it comes to buying a home.

 

I'll share with you some dependable guidelines to follow that will keep you safe from shady home sellers and real estate companies.  But first let's make sure you have a good understanding of "No Qualifying Owner Financing".

 

 

What is "No Qualifying Owner Financing"?

    

No Qualifying Owner Financing is the process of buying a home without going through the rigid loan qualification required by banks and mortgage companies. 

 

This is made possible by the owner of the home being willing to finance you themselves - in exchange for a reasonable down payment. 

 

This technique is also commonly known as “Seller Financing” and “Owner Carry”.

 

There are three core documents used in this type of transaction.  They are a “Note”, a “Deed of Trust” and a “Warranty Deed”.

 

The “Note” and “Deed of Trust” are used to protect the seller and the “Warranty Deed” protects you, the buyer.

 

Protection is important because the same type of predators that trap you in the renting cycle with rent-to-own programs will also try to take advantage of you using owner financing if you are not careful.

 

 

4 Sure-fire ways to protect yourself   By following the protection tactics below, you can ensure that you are protected when engaging in an Owner Finance transaction.         Protection Tactic #1:  Get the deed   Click Here to Read The Full Explanation    Whoever has the deed has the control and here's why...   There is a popular owner finance technique that is widely used in which there is no transfer of legal title to the home.  This type of transaction is referred to by several different names including “Contract for Deed”, “Agreement for Deed”, “and “Land Contract” among others.   As explained earlier, the main document that protects your interest in an owner finance transaction is the Warranty Deed.  A Warranty Deed is the legal document that transfers the “legal title” of a piece of real estate from the former owner to the new owner.    This document is then recorded at the County Courthouse so that the general public knows who owns the property.  Generally if a deed is not recorded it is not recognized.  Without a Warranty Deed, there can be no transfer of “legal title”.               The main problem with the “legal title” not being transferred is that you are not the “legal owner” of the home although you put a substantial amount of money down as a down payment.    This means that liens and judgments can be attached to the home that you thought you owned if the actual owner is ever sued.       I would definitely think twice before entering into this type of agreement. -close- Protection Tactic #2:  Beware of short balloons    Click Here to Read The Full Explanation   A balloon payment is a special requirement that a loan be paid off in full at an earlier time than it would be by just making the normal monthly payments on the loan.    For example:  If you have a loan that is amortized over 30 years then that means that by making the regular monthly payments every month, your loan would be paid off in 30 years.    If the repayment agreement (Note) contains a balloon payment clause, then you will be required to pay the loan off in full at some time before the 30 year time frame.   While there is nothing wrong with balloon payments in themselves, some unscrupulous home sellers do not fully explain the consequences of not making a balloon payment in a timely manner.  In short, your home can be taken from you if you are unable to make the balloon payment.    Most individuals make balloon payments by refinancing the home or by selling it. The problem is that if you have not been preparing for this event, then it can creep up on you unexpectedly.    I recommend that you not enter into an agreement with a balloon payment due in less than 3 years after the origination of the loan.   -close- Protection Tactic #3:  Close at a title company   Click Here to Read The Full Explanation   It is very important that you have a title company involved in ALL of your real estate transactions.    Never close a real estate transaction any where other than a title company or you are asking for trouble.  It will cost you a little more money, but it will be definitely worth it in the long run.   There are several critical reasons to close your owner finance purchase at a title company: Title companies specialize in closing real estate transactions so you can rest assured that they know what they are doing.  They are required to have licensed closing agents and attorneys on staff which adds more credibility to the entire process. They are professionals that can give you quality professional advice concerning your purchase.  They will also prepare all of the paperwork so that you know it will all be legal and ethical. In addition they will act as a neutral third party witness to everything that the two parties are agreeing to incase there are any disputes in the future. Any reputable and professional real estate company will not have a problem closing at a title company - in fact they will probably require it! -close- Protection Tactic #4:  Get a title search   Click Here to Read The Full Explanation   A “Title Search” (also known as an “Abstract of Title” or “Preliminary Title Report”) is a collection of all the recorded documents relating to a piece of real estate.  This will reveal any liens, judgments, or any other encumbrances against the property.    This is important because as a potential buyer of a home, you inherit any liens or judgments that are attached to the home.   If you are buying a $100,000 home and the home seller forgets to tell you that he has a $500,000 IRS tax lien that attached to his home, then you will have to pay that $500,000 lien before you can sell or refinance that home.    A simple title search will prevent that sort of alarming surprise.   A title search will also reveal who the current legal owner of the property is.  You’d be surprised how many times I have heard of individuals “selling” homes that they do not own.    The unsuspecting buyer will put down a large down payment only to later find out that they are not the true owner of the home because the individual that “sold” them the home never owned the home in the first place.    The buyer now has no home and has been robbed of several thousand dollars.  This can all be avoided by simply requesting a title search from the seller. -close-

     

 

 

Now that you know how to cover all of your bases, let's look at the loads of benefits of buying a home with No Qualifying Owner Financing.

 

7 Amazing benefits of owner financing

    

Buying a home should be at the top of your priority list.  Here are the benefits that you can begin enjoying by taking advantage of our "No Qualifying Owner Finance" Program:

 

Benefit #1: Requires no bank financing      Click Here to Read The Full Story   Since you will not have to go through a bank or mortgage company, your credit doesn't matter!  If you can meet our simple down payment requirement, then we are willing to finance you despite you past credit history. -close-   Benefit #2: Increase your take home pay    Click Here to Read The Full Story                      There are many financial bonuses provided for homeowners.   These include the ability to deduct interest payments and property taxes from your income taxes, which lowers your income taxes and allows you to increase your deductions.    This may easily result in you receiving an additional $3,000-$6,000 per year in CASH back from the IRS.    Or better yet, because of your increased tax savings you can simply reduce the withholdings from each of your paychecks and begin to immediately experience the impact of your increased savings.    It’s kind of like you giving yourself an instant raise!  -close-     Benefit #3: Principal reduction of your loan balance   Click Here to Read The Full Story   There will be no more throwing your money down the drain each month on rent to make your landlord rich while you just collect receipts.    You can now enjoy the fact that that each monthly payment that you make is paying down your principal balance that you owe on your new home. -close-   Benefit #4: Increases in the value of your home   Click Here to Read The Full Story   Not only are you building wealth by paying down your monthly mortgage balance every month, but you are also receiving the benefit of your new home appreciating in value.    The largest and best performing investment that most Americans have is their home and now you can boast about the fact that you have joined their ranks. -close-   Benefit #5: Competitive interest rates   Click Here to Read The Full Story   Forget about all of the rumors that you heard about owner financed interest rates ranging from 10-15%.  Our interest rates start as low as 6.9% and typically range between 7.5% and 8.5%.  -close-   Benefit #6: You can move fast     Click Here to Read The Full Story   When you buy your new home from us, you can move in quickly and easily. Most of our homes are available immediately. We can get you into one of our homes in just a few days with our flexible terms or set a date further out if you need to.   Compare that to buying an owner occupied house through a real estate agent. How frustrating! First you have to qualify for a loan which could take 3 to 8 weeks. (We require no bank financing.)   ...Then you have to coordinate your move subject to the schedule of the seller.   Look out if the seller wants everything contingent on them getting into their new home. Their deal can fall through at the last minute stopping you or delaying you from moving in.   That can become a nightmare if you've already lined up a moving van, or given notice to your landlord, or sold your previous home. -close-   Benefit #7: Own your home... now!   Click Here to Read The Full Story   Perhaps the biggest benefit of all is that your dream will no longer be just a dream but a reality.  Don't be forced to throw your money away on rent just because you need time to get a bank loan.   Each month you get nothing to show for your effort but receipts...with no equity build up... no tax benefits... no appreciation... and no pride of home ownership.    Aren't you tired of maintaining and fixing up a house you don't own? Do you want more privacy in a bigger or better house...  Even if you don't have perfect credit... or a 20% down payment... or if you're self-employed?   There’s something extra that goes along with homeownership status.  Show off your new home and experience a new sense of pride.  Watch for your boss, family, and friend’s reaction, once they learn you are buying a home.                                                 -close-

 

 

 

    

I have no idea what you’re thinking right now, but I do want to ask you something here that’s a little personal but extremely important.

I want you to imagine something (play with me here a moment, okay?).

Picture yourself walking out of the title company with the keys and garage door remotes to your dream home in your hands.

You rush over to YOUR new place to meet the movers to show them where to put your furniture (you've already planned out the exact details)... Maybe you also have brand new pieces being delivered from your favorite furniture store.

You take a deep breath as you realize that you finally have enough room for all of your treasured belongings.  The home is perfect... it accommodates everybody in your family. 

As you float your way inside, you’re unable to hold back the feeling of excitement... this is actually YOUR home... You own it!

Image the look on your friends and family's faces when they first see your new house... as they struggle to keep their jealousy from showing. 

How satisfying will that be?

Okay, let’s step back from that scene for a moment and be totally honest with me and yourself … okay?

How would you feel if that scene became a reality? 

Do you think it’s really possible, or are you still wondering if it’s all a pipe dream? 

Here's another important question that I want you to think about right now:

 

How do you feel when your friends and family brag about buying a new home, while you remain stuck renting a house or apartment that doesn't meet your needs?

 

Can I tell you something personal that I have not shared with many people?

 

There was a time not long ago when I had to live with my mother for over a year.  I love my mom dearly and I am thankful that she was there for me when I truly needed her, but...

 

The space was cramped and I couldn't wait until I would be able to buy my very own house.  The problem was that my credit score was too low for me to qualify for a traditional mortgage.

 

I was stuck and to make matters worse... I witnessed my friends become first time homeowners one by one while I made no progress at all.

 

I felt embarrassed to talk to anyone about my lack of progress. I should have been further along by that point in my life.

 

I felt hopeless and inadequate.

 

Can you relate?  If so, read on to discover how you can change your life forever.