About Us

CRE works with the homeowner in an attempt to discover the best solution based on what the homeowner desires. CRE has been able to assist homeowners simply through free advice, and at times has directed homeowners to good attorneys, and at times has orchestrated contracts between the homeowner and investors in a format that is mutually beneficial.

Examples of how CRE might help those in financial trouble:

“Free Advice”:

CRE is staffed with real estate professionals who have been on all ends of the credit spectrum. When faced with a critical event in life, it makes sense to get the best counsel as possible. One person the company talked with was informed that, since her husband was called from the US Army Reserves into active duty and was stationed in Iraq, creditors could not legally persue a collections action. This is a Federal Law that protects our active duty service members – at least until they return from the combat zone. The foreclosure was stopped and successfully negotiated upon the husband’s return. If CRE can assist you in stopping the process without engaging CRE financially, then the company counts that a success.

“Lease/Option”:

A deal could be structured where the company purchases your home, and upon closing you sign a lease/option for your home. This allows you to stay in your home – typically with similar lease payments as your current mortgage payment – and often can provide you with some cash at closing. After a pre-determined time period, you may purchase your home back from the company at a price agreed upon when the lease/option is signed – thereby allowing you to retain most of your equity.

“Shared Equity”:

Often, foreclosures are the result of significant live events –such as divorce, medical emergencies, or family loss. When this occurs, the home owner will often decide to simply sell the house and “move on”. Unfortunately, this decision is frequently made too late in the foreclosure process for a sale to the general public to be completed by the home owner. The shared equity option allows the home owner to sell the home to CRE, at which point CRE will simply sell the home and split the profits with the home owner. CRE takes actual title to the property, and hence the foreclosure proceedings are stopped entirely.

“Outright Purchase”:

The foreclosure proceedings can be extremely traumatic – forcing some home owners to simply do whatever is feasible to walk away from the situation with pride intact. The outright purchase option allows the home owner to simply have a quick purchase occur at a sales price that is significantly higher than most “cash” investors whom has been in contact with the home owner previously.

“Restructure Plan”:

Every situation is different. CRE’s management is willing to become very creative in devising a way to assist homeowners while still making an acceptable profit. The company can often assist home owners in simply planning a way to prevent the foreclosure from occurring – often without CRE receiving any profit. The philosophy is simple – if we take care of people, the profits will take care of themselves. Don’t believe us? Set up an appointment with one of our staff to find out for yourself!

Regardless of the options utilized, CRE’s relationship with Covenant Real Estate Incorporated provides the home owner with an extremely flexible option for purchasing another home. Covenant Real Estate Incorporated will assist the home owner directly in finding and purchasing new property – often with commission credits in order to minimize the cost of new property purchases to the home owner. This often occurs by allowing previous clients to option of purchasing other distressed property from CRE.