UNDER THE HOOD

.Home Saver 911 LLC (HS911) Business Model

Home Saver 911 LLC provides financial relief to homeowners facing foreclosure, helping them avoid losing their homes through auction. If a homeowner is at risk of foreclosure and scheduled for auction, HS911 intervenes by covering the outstanding mortgage arrears. In some cases, HS911 may also pay a number of future payments to help stabilize the homeowner's financial situation.

Eligibility Criteria: 

To qualify for our services, homeowners must have a minimum of 50% equity in their property. This ensures that there is sufficient collateral for the transaction.

Process and Agreement: 

The homeowner signs over the deed to HS911 in exchange for our financial assistance. We then enter into a lease-purchase agreement with the homeowner, allowing them to lease the property for a specified period. The agreed-upon purchase price for the home is based on its fair market value at the time the agreement is signed.

Service Fees:  

HS911 charges a fee for our services, which is generally around 10% of the home's value, but this may vary based on factors such as the amount of money needed to fund the deal, the home's condition, and other relevant considerations. Our fees will appear on your HS911 Term Sheet. 

Lease Terms: 

The lease payments made by the homeowner are structured to match their original mortgage payment, making it more affordable for them to remain in the property during the lease period.

Use of a Warranty Deed:  

HS911 uses a warranty deed to ensure that no new or future collections can encumber the home during the lease period. This protects the property from potential claims, such as judgments resulting from lawsuits (e.g., if the homeowner is involved in an at-fault car accident or other financial liabilities). The warranty deed ensures that the property remains clear of any additional encumbrances while under the agreement.

Purchase Option: 

When the homeowner exercises their option to repurchase the property, HS911 calculates the total amount owed, including the original mortgage payoff and any additional payments made. The homeowner's "equity collateral" (the portion of the home's value they held before the agreement) is deducted from the lease-purchase price, and this becomes the final amount they will need to pay to buy the house back.