Mortgage
Takeover Solutions
We help homeowners who have fallen behind on
payments by taking over their mortgage
payments by taking over their mortgage
Benefits For Homeowners
Behind On Payments
Our mortgage takeover solution provides immediate relief and long-term
benefits for homeowners facing financial challenges.
benefits for homeowners facing financial challenges.
Avoid Foreclosure
Stop the foreclosure process before it damages your credit score and financial future. Our mortgage takeover solution provides an immediate way out of a difficult situation.
Peace of Mind
Eliminate the stress and anxiety of mounting mortgage debt. Once we take over your payments, you can move forward with your life without the constant worry of losing your home.
Preserve Your Credit
Foreclosures can devastate your credit score for years. Our solution helps you avoid this negative impact, preserving your ability to secure loans and housing in the future.
No Closing Costs
We cover all transaction costs associated with the mortgage takeover process. You walk away without paying any fees, commissions, or closing costs.
How Subject-To Transactions Work
A “subject-to” transaction means we purchase your property while taking over responsibility
for your existing mortgage payments.
for your existing mortgage payments.
The Process Explained
In a subject-to transaction, the mortgage remains in your name, but we take over the payment obligations, allowing
you to move on without the burden of monthly payments.
you to move on without the burden of monthly payments.
Property Transfer
You transfer the deed of the property to us, while the existing mortgage loan remains in your name.
Payment Responsibility
We take over the responsibility of making all future mortgage payments directly to the lender.
Legal Protection
We create a legally binding agreement that obligates us to make the payments and protects your interests.
You Move Forward
You’re free to move on with your life without the burden of mortgage payments or the stress of potential foreclosure.
Who Benefits From This Solution?
Our mortgage takeover solution is ideal for homeowners in these situations:
- Homeowners who have fallen behind on mortgage payments
- Those facing potential foreclosure
- People who need to relocate quickly but can’t sell traditionally
- Homeowners with little or no equity in their home
- Those with underwater mortgages (owe more than the home is worth)
- People who want to avoid the credit damage of foreclosure or short sale
Important Note
Unlike a loan assumption, a subject-to transaction doesn’t require lender approval, making it a faster solution when time is critical. We handle all aspects of the property after takeover, including maintenance, taxes, and insurance.
Our Process
We’ve designed a simple, straightforward process to help homeowners quickly resolve their mortgage challenges.
Initial Call
Contact us to discuss your current mortgage situation. We’ll ask about your loan details, payment history, and property condition to understand how we can best help you.
Custom Solution
We’ll evaluate your specific circumstances and design a mortgage takeover solution tailored to your needs. We explain all details and answer any questions you have about the process.
Mortgage Takeover
Once you’re comfortable moving forward, we handle all the paperwork and legal documentation. We take over responsibility for your mortgage payments, and you’re free to move on without the financial burden.
Get Help With Your Mortgage
Fill out this form to discuss your mortgage situation and explore your options.
Success Stories
Real stories from homeowners who found relief through our mortgage takeover solutions.
Before
Facing foreclosure after job loss and 4 months of missed payments
Facing foreclosure after job loss and 4 months of missed payments
After
Mortgage taken over within 10 days, avoided foreclosure and credit damage
Mortgage taken over within 10 days, avoided foreclosure and credit damage
After losing my job, I quickly fell behind on payments and was facing foreclosure. Premier Property Solutions stepped in and took over my mortgage in less than two weeks. They saved my credit score and gave me the fresh start I desperately needed.
Before
Inherited property with underwater mortgage, couldn't afford payments
Inherited property with underwater mortgage, couldn't afford payments
After
Relieved of payment burden, able to relocate for new job opportunity
Relieved of payment burden, able to relocate for new job opportunity
When my mother passed away, I inherited her house with a mortgage that was more than the property value. I couldn't afford the payments on top of my own mortgage. Premier Property Solutions took over the payments and handled everything professionally. I'm so grateful for their help during a difficult time.
Before
Medical emergency led to 6 months of missed payments, foreclosure imminent
Medical emergency led to 6 months of missed payments, foreclosure imminent
After
Mortgage taken over, received additional cash to help with medical bills
Mortgage taken over, received additional cash to help with medical bills
A serious medical emergency drained our savings and left us unable to make our mortgage payments. We were weeks away from foreclosure when we found Premier Property Solutions. They not only took over our mortgage but also provided us with some additional cash to help with our medical bills. We couldn't have asked for a better outcome.
Frequently Asked Questions
Find answers to common questions about our services and process.
What is a mortgage takeover or 'subject-to' transaction?
A ‘subject-to’ transaction occurs when we purchase your property and take over responsibility for making the existing mortgage payments. The loan remains in your name, but we take on the obligation of making the payments. This arrangement allows you to move on from a difficult financial situation without going through foreclosure.
Is this legal?
Yes, subject-to transactions are legal. While most mortgages contain a ‘due-on-sale’ clause that technically allows the lender to demand full payment if the property is transferred, in practice, lenders rarely enforce this clause as long as the payments continue to be made on time.
How quickly can you take over my mortgage?
We can typically complete the process in 7-14 days, depending on your specific situation and how quickly we can gather the necessary documentation. In urgent situations, we can sometimes expedite the process.
What types of mortgages can you take over?
We can take over most conventional mortgages, including those backed by Fannie Mae and Freddie Mac. FHA, VA, and USDA loans may require additional steps, but solutions are often still possible. During our initial consultation, we’ll discuss your specific loan type and the best approach.
Will I still be responsible for the mortgage?
Legally, your name remains on the mortgage, and you are technically still responsible for the debt. However, our agreement legally obligates us to make all payments. We have a strong track record of fulfilling these obligations, and we put safeguards in place to protect all parties involved.