Real Funding Partners believes that people, not banks, should own their homes, and they’re really doing something about it. Shayle Durkin, an associate in New Jersey, out of the Chesapeake Branch shared a little about the program. “Unlike a short sale or loan modification, the Smart Sale Lease Back does several things that actually help the homeowner where short sales and loan modifications generally miss the mark. Number one, it keeps the family in the home where they should be. Number two, it reduces their monthly outlay by 40-60%. And number three, at the end of their lease (3-7 years), they can repurchase the home with owner financing at 90% of the market value. The program costs nothing to qualify, doesn’t require a credit or background check, and ensures that the homeowner’s best interests and legal protections are thoroughly covered every step of the way.”
“Let’s face it, loan modifications just prolong the agony of a payment the homeowner can’t afford. And that’s even if,” adds Durkin, “they can qualify for a program. Then with a short sale, the family is typically displaced from the home and depending on the state, they can be slapped with a deficiency judgment and tax consequence for the balance not covered on the short sale. Wait a minute, they couldn’t afford the mortgage payment, what makes you think they can shoulder a tax burden to boot? They are both square pegs for round holes, and add insult to injury for folks who really just need a second chance.”
Explaining a current paradigm shift taking place between consumers and major lenders, RFP President Dr. Hunter Elam stated that “Traditional lending sources have left the market and private lenders such as private equity firms and wealthy individuals, with billions of dollars to invest, are moving aggressively to fill the vacuum left by conventional lenders in funding projects in untapped commercial and residential markets.”
RFP is actively seeking clients who need funding as well as seasoned executives and experienced professionals who are interested in opening and developing new markets as well as servicing a rapidly growing customer base on a local, regional, and national scale.
About http://www.sdurkin.realfundingpartners.com: Real Funding Partners focuses on bringing innovative private lending solutions to meet all types of commercial real estate and selected residential and business financing needs. RFP has the largest portfolio of private lending institutions and investor backed funding sources available. RFP has expanded its product offering to include residential and commercial lease back programs as well as a new consumer financing program for businesses. RFP President & CEO Dr. Hunter Elam has successfully developed, owned and sold several multi-million dollar high tech companies.