Banks & Builders Building Tomorrow Program
With our Banks & Builders Building Tomorrow Program, we are helping builders avoid foreclosure, bankruptcy and shuttering of their businesses permanently by helping them sell their homes at full fair market value today.We are also helping banks avoid the expense of foreclosure, litigation and the monetary loss by acquisition of a dead asset on the books.
Our Banks & Builders Building Tomorrow Program was developed to build an equitable bridge and solution to keep builders and banks working together towards a bright and profitable tomorrow.
We understand that builders just want to build and sell homes. We also understand that bankers just want to write good performing loans and collect timely interest payments.
With the United States still in the ravages of a liquidity crisis, housing market crisis and mortgage market implosion, the key components necessary to the normal business operations for banks and builders exist in scarcity and are in extremely high demand.
In today’s market, qualified homebuyers are few and far between. This has the negative impact of leaving spec builders with inventory, lack of revenue and cash flow and unanticipated monthly carrying costs.
As a result, here’s what is happening, increasing expenses and decreasing revenues cause a cash flow crunch and spec builders are then forced to stop making their interest payments to the bank. The ripple effect ensues. With a board and shareholders to answer to, the bank must initiate foreclosure proceedings to protect their interest. The bank forecloses and acquires a dead asset that they cannot liquidate without a loss. Banks then proceed with litigation based on the personal guarantee clause that the builder executed. This forces the builder into bankruptcy and wastes more money on legal expenses. It also ensures that the builder will never be able to borrow money on a construction line again. This effectively eliminates the builder as a client and revenue stream and further eliminates his ability to make a living. In short, everybody loses, no one wins.
There is a better way.....
Through our Banks & Builders Building Tomorrow Program, we are bridging the gap and providing effective solutions so that banks and builders win. How are we doing this?
Simple. By providing a solution that creates immediate cash flow, interest payments and qualified buyers.
Using our No Credit Qualifying Lease Option Program, we are providing a solution and conduit to tenants who truly want to own a home, but due to either their own past credit issues or the current tightened lending guidelines, they do not currently qualify for a mortgage. In a market with a massive shortage of qualified buyers, we are creating them.
Our Banks & Builders Building Tomorrow Program provides a much needed capital infusion to builders to help them continue making their interest payments timely to their banks. In most cases, it also provides additional monthly cash flow. It enables builders to sell their homes at full fair market value, with absolutely no cost to the builder and without Realtor commissions. It stops the price deflation in a neighborhood due to builders slashing prices to survive, thereby protecting the builder’s profits and the value of the bank’s collateral.
For bankers, it negates the necessity for foreclosure proceedings and provides bankers with timely interest payments, a takeout within 24 months, no dead asset on the books and the opportunity for additional mortgage revenue and interest payments when the tenant does the takeout.
Utilizing our program, everybody wins.
The best part is, there is absolutely no cost to banks or builders and we will take care of everything for you.
To learn more about Banks & Builders Building Tomorrow Program, please click on the appropriate link below:
I’m a builder and I want more information on how to enroll my homes
I’m a banker and I want more information on how to offer this to my builders
Banks & Builders Building Tomorrow FAQ
No Credit Qualifying Lease Option Tenant Qualifications
