Forum

Sale Lease Back ( Bella Homes LLC)

Posted by Jonathan D Rexford on December 6, 2011 at 2:05pm in Short Sale Discussions

There is a company that is based out of Georgia, that seems to be offering a Sale Lease Back.  It seems they try to get the loan moved off the property.  Not a short sale, but actually expunged.  Not sure how they do it or even if they are successful.  I was wondering if you all have heard of this company.  There also seems to be some kind of MLM component. So before you say, that I am promoting, I am not.  There also seems to be a lot of bad press about, this company online scam rooms.  I do not take much stock into it. 

Tell me your thoughts.

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Email me when people reply –
Follow

Replies

  • Eric Mieles December 8, 2011 at 3:24pm
    To add to The wise Smitty it's also a marketing tool. Think about it, they make this claim, say in the small print "must qualify" and if it's not in the batch of notes they have or can get access to they say sorry........but....we may still be able to short it!!
  • Smitty December 7, 2011 at 5:01am

    the only way they could do it is if they purchase the note.  It could be a group of investors that buy the note like youwalkaway.com.  That's the only way they could do a lease back and deal with getting rid of the bad note off the books.  Once they own the note, they set the rules.  The problem is you can't just BUY any note out there or everyone would be doing it and larger lenders like BOA, WF, etc., don't just sell one offs, they sell in bulk pools, usually to hedge funds.

  • Thom Colby CA Brkr 888-391-5245 December 6, 2011 at 3:53pm

    As the old saying goes.... "...if it sounds too good to be true, it is....."

This reply was deleted.
********************************** like buttons ************************