Affordable Solutions for Selling Property – House for All
At Casa para Todos, we are committed to breaking down barriers and providing accessible property sales solutions to people facing challenges with conventional credit. Our mission is to guide our clients with transparency, ethics, and professionalism, ensuring that everyone can experience the joy of selling their property efficiently and profitably. We pride ourselves on offering innovative alternatives in the real estate market, helping our clients achieve their financial and personal goals.
Our vision
At Casa para Todos, we envision a world where everyone can sell their property fairly and successfully, regardless of their credit history or financial background. We strive to empower people by offering them customized solutions that fit their unique needs and circumstances. Our goal is to create a supportive environment where every client feels valued and understood throughout the process of selling their property.
Services
Customized Solutions for Property Sales
We specialize in in-house selling solutions designed to meet the diverse needs of our clients. Whether you're looking to sell a home near you or exploring options in Denver, our team of experts is here to help you every step of the way. From initial consultation to closing, we provide comprehensive support to ensure a smooth, stress-free experience.
Commercial Property Opportunities
In addition to residential properties, Casa para Todos offers a variety of commercial properties for sale options. Whether you are downsizing your business or investing in commercial real estate, we have the experience and resources to help you find the perfect buyer. Browse our listings and discover opportunities that align with your business goals and aspirations.
Our specialty
At Casa para Todos, we pride ourselves on offering exceptional services that go beyond the conventional real estate transaction. Here's what sets us apart:
- Personalized ServiceWe understand that each client's needs are unique. Our team takes the time to get to know you and tailor our services to your specific situation, ensuring a personalized and attentive approach to selling your property.
- Comprehensive Support: From initial evaluation to final closing, we provide end-to-end support throughout the entire sales process. Our experts help with everything from property valuation and legal paperwork to negotiations and financing options for buyers.
- Innovative Solutions: We offer creative and flexible solutions for people facing credit challenges. Whether you need alternative marketing strategies or special programs, we have innovative approaches to make your property sale successful.
- Experience in various markets: Our extensive experience covers a wide range of property types and markets. Whether you are interested in selling a home in Denver or a commercial property, our expert team can guide you through the nuances of each market.
- Commitment to Transparency: We value honesty and clarity in all of our relationships. Our transparent process ensures that you are well-informed and comfortable with every decision you make along the way.
- Dedicated to Building Relationships: At Casa para Todos, we focus on building long-term relationships with our clients. We are not here to just sell a property; we are here to help you achieve your financial and personal goals.
Frequently asked questions
“Subject To” is a way to purchase real estate in which the buyer takes the deed/title of the property while keeping the same previous loan in place in the name of the seller.
“Property is purchased subject to the existing financials” The buyer now has full control of the property along with the responsibilities. This includes payments of the existing mortgage maintaining the property and following regulations in which the property is located.
Is “Subject To” legal?
Sí, está incluido en las instrucciones del Código de Reglamentos Federales de EE.UU. para la declaración de cierre HUD-1. Las líneas 203 y 503 son específicas para las transacciones sujetas a la hipoteca existente.
Según el U.S. Code of Federal Regulation, Título 24, Volumen 5, Parte 3500, Apéndice A (página 396):
«La línea 203 se utiliza para los casos en que el Prestatario está asumiendo o tomando el título sujeto a un préstamo o gravamen existente sobre la propiedad».
«La línea 503 se utiliza si el Prestatario está asumiendo o tomando el título sujeto a gravámenes existentes que deben deducirse del precio de venta».
Enlace a las instrucciones HUD-1 del Código de Reglamentos Federales:
https://www.govinfo.gov/content/pkg/CFR-2012-title24-vol5/pdf/CFR-2012-title24-vol5- part3500-appA.pdf
How do I know my mortgage will be paid on time?
We hire a third-party servicing company to withdraw money from our escrow account and make direct payments to the mortgage. Our servicer can provide notifications if requested.
Our use of a professional third-party servicer shows proof that payments are being made by the buyer when the seller goes to wipe out their Debt-To-Income on this property with any other lender when purchasing a home in the future.
What happens if a payment is missed?
The seller will have a lien position against the property as the second-position lender, through a wraparound mortgage. If the buyer fails to make payments after 90 days, the seller will have the ability to return the property or foreclose, depending on the state.
In this situation, the seller inherits the property and benefits from any loan reduction payments, improvements made to the property, and appreciation the property has had. The seller could then sell the property again for more money if they do not wish to keep it.
Who is responsible for property repairs and maintenance?
After the deed is transferred to the buyer, the buyer is responsible for all repairs and maintenance of the property.
Since the seller's name only remains on the mortgage and the deed changes to the buyer's name, the seller is not responsible for any repairs or maintenance.
The person responsible for any repairs or maintenance is whoever is listed on the deed to the property.
Will this affect my debt-to-income ratio to purchase another property?
For conventional and FHA loans, we prepay one month of a lease in advance and the lender we typically use can remove 75% of the seller's DTI immediately. After 1 year of on-time payments, 100% of the DTI must be removed from the seller's name. All you will need to do is show your lender that on-time payments have been made by us for the past year.
Si tiene un préstamo VA, la cantidad que puede comprar en su próxima casa dependerá de cuánto derecho le quede. Si no tiene suficiente derecho para su próxima propiedad, puede usar sus ingresos de la venta «Subject To» para el pago inicial necesario para su próxima casa.
How does “Subject To” affect my credit?
Since the loan remains in the seller's name when timely payments are made, the seller's credit rating benefits. Timely payments to the lender are reported back to the credit bureau and can significantly help someone looking to improve their credit rating and can save the seller more money in the future to repair their credit.
How long will they keep the mortgage in the seller's name?
The short answer is forever. What we mean by forever is that we always tell sellers and agents to plan to keep their name on the mortgage until the mortgage balance is paid off.
However, we can tell you that on average, we and our partners hold a property for about 7 years. The average homeowner stays in a home for about 7 years and it is no different for investors.
What happens if the expiration clause is triggered in the sale?
Esto rara vez sucede, pero si el banco ve que la escritura ha sido transferida, tiene el derecho de solicitar que se pague el saldo restante del préstamo en un solo pago (de ahí el nombre de «vencimiento en la venta»). En este caso, hay varias opciones.
- We have spoken to lenders before to describe the situation and they have rescinded their request because ultimately they care about keeping their notes current.
- We could refinance the mortgage in your name.
- We could sell the property to pay the bank the balance of the mortgage.
In any case, the seller is not obligated to make a payment to the bank and we work with the bank to find a solution.