How can Buy-Backs help you?
Lease buyback or rent to own is a strategy that is gaining momentum in Quebec. This is the best way for current homeowners who are struggling financially to protect their home and save money in most situations. Lease buyback is usually less expensive than private lending when it comes to monthly payments. Many homeowners are struggling, losing their homes and disrupting their way of life. Others are tired of making burdensome monthly payments and would like to reduce them.
Breneka Real Estate Solutions will purchase your property temporarily, rent it back to you for a period of one to three years – the time it takes for you to rebuild your credit rating – and then you will buyback your home at the end of the term.
Are you going through any of the following situations:
The majority of our clients come from owners who have received a 60-day notice or a notice of eviction. Contact us as soon as possible if you are facing this impasse. The sooner you contact us, the more time we will have to protect your home and reduce the interest accumulated each passing day. Rent-to-own or lease buyback is the best and cheapest option, relative to private lending.
The lease buyback program is a great alternative when one of the two spouses wants to keep the house. This happens when one of the spouses can not qualify for a bank loan due to poor credit or is self-employed and can’t show 2 years NOAs. It should be mentioned that each situation is unique, and there are many different agreements between the former spouses. We do our best to ensure a win-win situation.
Lease buyback is a winning formula for anyone in situations such as; burdensome payments, engaging in a consumer's proposal; and unable to refinance with a bank or private lender. There are many reasons or situations that can lead to over-indebtedness. Lease buyback is a program that gives you the breathing room to turn things around, lower your monthly payments, and restore your credit rating.
Estimate your monthly cost
* Please note that in case of a non-renewal / 60-days notice or other situations we pay as much debt as possible and will keep a down payment for your redemption.
* Notice : These amounts are for indicative purposes only. Actual costs may be downward or upward depending on each client's situation. The amount of property taxes and the risk of the record may varie the monthly payment.