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New Heights Finance - Asset Finance In South Africa

Home Rescue: Overview



Overview

Home Rescue is aimed at assisting those persons who :

	are in arrears with their bond repayments
	need to release equity from their homes to settle debts
	are about to have their homes repossessed by the bank (received summons from the bank)
	are under Administration or bankrupt
	are about to have their homes auctioned
	want to stop repossession
	face foreclosure and need to stop foreclosure
	want to avoid repossession or house being attached.
	need a quick home sale
We will prevent the home owner from being financially ruined, as a result of their homes being attached by the sheriff, the home being auctioned off by the bank, being kicked out of their homes, blacklisted, prevented from being granted credit for a very long time and emotionally embarrassed. The question is how do we do this ? We have a group of investors that will buy your home for a fair price and who can give you the option to buy your home back at the same price, within 12 months. You will be allowed to stay on in the home (with NO monthly rental payments) while you sort out your affairs such as, settling debts and getting your name removed from the credit bureaus. All of this is regulated by contracts drawn up by attorneys that do normal bond registrations and property transfers for the banks. There are no catches.

Costs: Bank Repossession

If your home is repossessed by the bank and auctioned off to settle the outstanding bond and arrears on payments, then any shortfall after the home is auctioned off, will be for the home owners account.

These costs are likely to be: all legal costs, auction costs, sheriffs costs, advertising, arrears bond payments, interest accrued and bond cancellation costs associated with this process.

These uncontrolled costs can leave the home owner with massive debt AND a listing on the credit bureaus. This listing will only be removed once the outstanding debt is settled. The question is how do you do this if you are bureau listed? It is extremely difficult. The home owner is therefore banished to the un-credit worthy category, for years to come !

Home Rescue: There are 3 main costs.

		Legal	to undertake the transfer of the property.
		Professional Fees	to prepare the application and investment opportunity for investors.
		Investors fee	which is a return on the investment made by the investor.

When the costs of the two options are compared, there may be in some situations a lower cost but in some situations a slightly higher financial cost to the Home Rescue product BUT the home owner saves his reputation (NO blacklisting).

The homeowner is also fully aware of what the costs of the Home Rescue process whereas with a bank repossession there is no control as to what the final costs will be. You will be leaving this up to unknown people and entities, who do not have your interests at heart.

You have NO CONTROL at all over the banks decisions and costs!!! All the bank wants to do is get rid of YOUR home to extricate themselves from a bad situation, as soon as possible.

With HOME RESCUE, YOU TAKE CONTROL of your situation.

So what are the main advantages of using Home Rescue :
	NO BLACKLISTING – keep your credit record intact
	Stay on in your home – no need to uproot your family
	Settle debt from available equity released .
	Have an option to buy your home back within 12 months (by negotiation)
	NO monthly rental to pay – this improves your cash flow
	Buys you time – to reorganise your life
	Turns a bad situation into an opportunity
	Option to continue to rent – no obligation to buy the home back after 12 months
	Relief from a stressful situation – no embarrassment.
	Upfront costs disclosed – no surprises.
	Keep your good name intact.
	Avoid home repossession and financial ruin.
	Sell and rent back.
	Property is rescued from being auctioned.
Please Note: You need to have atleast 50% equity available on your property for home rescue. Example:
	Value R500 000 less bond R250 000 = R250 000 equity.
	If equity is lower than 50% (less than R250 000) then we can list your property on our website to sell at the outstanding bond amount.

We look forward to relieving you from a very stressful situation. Please contact us for more information and a no obligation quote to assist or click here for application form.

Earn Commission: Our referral program enables you to become part of our Lead Provider program to earn commissions on referrals. Please fill in the "APPLY NOW", no obligation enquiry form for more information.