With the expiration of the Federal Foreclosure Moratorium on July 31st (which protected homeowners from foreclosure), you may be one of approximately 2 million Americans who now may face the loss of their homes, some within a matter of days. You may have already tried in vain to negotiate with your bank and have been turned down because they see you as a risk or as untrustworthy. As doors close to you and you are confronted with the devastating loss of a home that has years of memories and has sheltered you and your family, there can seem to be no good outcomes. It isn’t true. You do have a path to keeping your home: BounceBack Homes, whose program allows a homeowner to use the equity in their home to get through a rough patch in their life. Through BounceBack Homes, you can potentially avoid a foreclosure and sheriff’s sale, keep the net equity in your home, and, most importantly, stay in the home with your family as you rebuild your finances.

BounceBack Home’s Founder Firsthand Understands the Situation You Are In

“Humiliated. That’s how I felt when the notice of the sheriff’s sale was put on the front door of my home,” Don Gross, BounceBack Home’s founder, remembers. “I was told that I had two weeks to stay in the home I had spent years in.  Then my home  would be sold at auction. I panicked. How could I lose my own home? What could I do to save it? I can remember trying to negotiate with the lender, but they wouldn’t work with me. I tried to buy it back from the lender, but they wouldn’t sell it to me. I had no options.  A total stranger bought my house and moved in. Ten years later, I still miss that home.”

Don lost his home in the aftermath of the Great Recession after getting behind on his mortgage payments. If you are threatened with foreclosure, he understands the stress, confusion, fear and embarrassment you may be feeling. 

“Fortunately the outcome I suffered does not have to happen to you,” Don says. “I have created the solution that I wish had existed when I was going  through my financial struggles.” 

BounceBack Homes: A Possible Way to Avoid Foreclosure

You are going through a major life event, perhaps a sickness or a loss of a job, problems that could happen to anyone.  Gross says, “That one event does not define who you are any more than it defined me.  You should have a way to keep your home. We are basically providing a resource that until recently has been available only to businesses and corporations. That resource is called a Sale Leaseback”. 

“Business property sale leasebacks have  been around for decades. We’re just modifying the traditional business sale leaseback  to be comfortable for homeowners.  We call it the Sale, Use, and Buyback  program.  With our  program you can stay in your home with the potential to enhance your credit,  protect your net equity and buy it back or sell it“.

This type of program has been implemented throughout the country by small investors and other companies. In fact the Wall Street Journal predicts that over 1,000,000 residential homes will be structured as Sale Leasebacks over the next ten years. (WSJ, 6/22/2021)

How BounceBack Homes’ Program Helps Homeowners Avoid Foreclosure

Don states that to understand their program, you should know that if you are delinquent on your mortgage, you do not necessarily have negative equity or are insolvent. “Far from it,” he says. “Our program  may be the perfect solution for you. We work with homeowners who have a minimum of $150,000 in trapped equity in their homes and the mortgage is less than 60% of their home’s value. For homeowners who have spent years building up equity in their homes, which may include you, our program is a strong alternative to filing for bankruptcy, selling your home, or losing it to foreclosure.”

Here’s how it works. Bounceback contractually buys your home, you stay in your home with a monthly payment you choose and you  either buy it back or sell the home and get your net equity in 12-24 months. 

Through BounceBack Homes’ program:

• You avoid foreclosure and stay in your home.
• Your mortgage is paid off and possibly other debts, including credit cards.
• You keep  your home’s potential increase in value as well as decrease.
• You pick a lease payment you can afford and the term between 12- 24 months.
• BounceBack Homes pays all of your legal fees and related costs as a credit against your equity.
• You buy the home back or sell it. Either way, you receive the home’s net  equity after paying BounceBacks fees and costs .
• Your credit score should improve with the loan(s) paid off and the reported monthly payment activity.
• This is a private transaction between you, your attorneys, and BounceBack Homes. There is no public disclosure, excluding recording of the title.

“You may be wondering why we are offering this program,” says Don. “It’s because we do not see you necessarily as a high risk. One large financial event does not make you someone who is incompetent. I also know that this is the program that would have helped me when I was in your shoes. We truly do care about you and want to give you time to rebuild while you stay in your home and preserve your credit.   Our program can help you to do that. We offer free consultations, and if our program isn’t right for you, we’ll try to direct you to a better solution.”

The Takeaway for Homeowners Facing Foreclosure

As Don believes, bad things do happen to good people. “You may have spent your entire life living responsibly, making every payment on time. Then suddenly, something catastrophic happens.  Now you’re on the verge of losing your home. You don’t deserve to have that happen. Now with BounceBack Homes, you have a real solution so you can  stay in your home, avoid foreclosure and protect your net equity.”

BounceBack Homes (“BBH”) was founded by Donald Gross, a financial executive with over 30 years of experience, including co-founding DUNBAR Capital (1996-2017) and advising closely held business owners (Global Financial Advisors). He is a graduate of the Wharton School, University of Pennsylvania with a BSE and MBA.

To learn more about how BounceBack Homes can help you, please see their website.