Posts Tagged 'Poor Credit'

14 Dec
Hyperion Homes
Posted On : 12 14th, 2012   By : Alice  |  Real Estate

“I have recently sold my home as a Short Sale, but would like to get back on track and own a home within the next 3-5 years.”  Do you know of anyone in this situation?

It has been a rough few years.  Sadly, so many people have lost their jobs or have been relocated because of their job.  Additionally, with unemployment the way it is, it is difficult to find a job overall.  Things may have spiraled down, causing you to make the difficult decision and short sell your home.  It has now been a few months or longer, and you are starting to get back on track.  However, you cannot get a loan to purchase a new home due to your current credit score.  We may have a solution for you!

Hyperion Homes is working almost exclusively with Coldwell Banker, to help employed individuals (who had to short sell their previous home) purchase a new home.   They offer a program in which you find your home through your Realtor, for example a Broker from The Alice Chin Team.  Once you have found a house that meets the standards of Hyperion Homes, they submit an offer to the seller.  Then, Hyperion offers a Lease with Purchase Right between you, the future owner, and Hyperion. The rent will be determined by the purchase price, closing costs and any repairs that need to be made. There is an application, credit and background check that must be completed by all occupants 18 and older.

We feel like this is a unique and positive opportunity for so many people who have felt the pains of the economy over the last few years.  If you think you might be a great fit, or if you know of anyone who may benefit from this program, please give us a call. We would love the opportunity to sit down and discuss the details with you!