Foreclosure means losing your home to the bank — but you don't have to let that happen. Ethical Properties LLC can step in quickly, take the home off your hands on your terms, and help you walk away without a foreclosure on your record.
A common concern for homeowners considering a subject-to transaction is whether it will prevent them from qualifying for a mortgage on their next home. Here's what you need to know.
When Ethical Properties purchases your home subject to the existing mortgage, we make the agreed-upon mortgage payments on time. The existing loan stays in place, but we take over the payment obligation as part of our agreement.
If you apply for a new mortgage in the future, Ethical Properties can provide documentation your lender may request, including:
Every lender has different underwriting guidelines. Only your lender can determine whether the existing mortgage can be excluded from your debt-to-income ratio. We encourage you to speak directly with a loan officer about your specific situation.
Ethical Properties cannot guarantee loan approval or guarantee that a lender will exclude the debt. However, we will fully cooperate by providing documentation promptly to support your application process.
Our goal is to help you avoid foreclosure today while supporting your long-term financial future. We're here to work with you — not against you.