Obareo is your all in one Home Buyer and Solutions Agency

Regardless of the Challenges your Facing with Homeownership We Can Help.

Chances are you’re experiencing some kind of hardship with your property such as facing foreclosure, inherited a property you don’t want, delinquent on taxes, had a recent divorce, lost a job, live out of town or relocating out the area, have excessive rehab repairs, mortgage payment is too high, paying expensive medical bills, have negative equity in your home, have bad tenants or you have some other property related challenge.

We researched and discovered only 4 solutions were ideal for any given homeowner hardship.

We explain each one and you simply choose the best one suited for your situation.

It’s that simple!

Assign

  • We agree on a purchase price then "Assign" your property to our list of investors who will pay cash and close faster than traditional buyers. The investor will then use the property to fix & flip or convert into a rental Investment

    • Properties that require some rehab work

    • Owners facing a personal or property financial hardship

    • Owners ready to sell now at a discounted price

    • Fast cash and closing

    • Close within 7 days vs 60 days

    • No repairs, any condition leave house as is

    • No closing costs or realtor commissions

    • Purchase price 70% of ARV

    • 30-60 day contract

    • No inspection or repairs needed

    • Close in 7 days or less

    • Purchase Agreement

How It Works

Sell

  • We agree on a purchase price then "Sell" your property to our list of tenant buyers who will lease option (rent to own) the property 12 to 36 months then cash you out the homeowner. They will pay the mortgage at or above rental rates and be responsible for all maintenance and repairs.

    • Move in ready homes with little to no rehab work

    • Owners struggling with the mortgage payment

    • Owners who will accept full or over the market rate purchase offers but with terms

    • Receive monthly positive cash flow

    • Cash out in 12 to 36 months with more profit

    • Keep property longer without paying mortgage

    • Receive better purchase offer regardless of market

    • No maintenance, repairs, taxes or HOA fees all paid for by tenant buyer

    • 100% or more of purchase price

    • 2 to 3 year Lease Option Agreement with Tenant Buyer

    • Cash out in 12 to 36 months from Tenant Buyer

    • Monthly payments at or above market rate

    • Tenant buyer handles all repairs, maintenance, taxes, insurance and HOA fees (if applicable)

    • Lease and Option to Purchase Agreement

    • Authorization to Release Information

Modify

  • Help struggling homeowners prepare, organize, and submit documents needed for lowering their interest rate, extending the loan term, or reducing monthly payments—making the mortgage more affordable.

    • Owners who can’t afford their mortgage but could if the interest or payment was lowered

    • Allows owners to keep the home under better loan terms or lowered payments

    • Quick approval decision from lender if paperwork is submitted properly

    • Helps owners preserve home equity and long-term homeownership goals

  • Loan Mod Doc Prep

    • Full document prep + hardship letter + checklist

    • $500 flat fee

    1. Request for Mortgage Assistance (RMA) or Loss Mitigation Packet

      • Provided by lender

    2. Hardship Letter or Affidavit

    3. Proof of Income (for all borrowers on the loan)

    4. Most Recent Tax Returns

    5. Bank Statements

    6. Recent Utility Bills or Proof of Residence

    7. Mortgage Statements

    8. Property Tax and Insurance Documentation

    9. List of Monthly Expenses (Budget Worksheet)

Return

  • Homeowner deeds the property back to the bank to satisfy the mortgage that is in default to avoid foreclosure.

    Completing this option releases the homeowner from all obligations under the mortgage.

    • Owners who are facing foreclosure

    • Owners who owe more on their property than it's worth and can't repay their mortgage.

    • Owners ready to get rid of the property now

    • Walk away from the mortgage avoiding foreclosure, bankruptcy, and preserving credit

    • Much faster than a short sale which can take 4-6 months to complete while this may only takes weeks

    • Less expensive and convenient than a loan modification which seldomly gets approved or may cost thousands of dollars for a lawyer to negotiate with the bank

    • Relieved of indebtedness of the loan

    • Only impact on credit is limited to the late payments (if any) and the loan becomes paid in a settlement. 

    • Can qualify for a new mortgage in far less time than if a bankruptcy or foreclosure occurs.

  • Negotiate with mortgage lender for Deed in Lieu of Foreclosure

  • Documents you will need to provide:

    • Hardship Letter 

    • Financial Worksheet 

    • Copy of most recent Property Tax Bill 

    • Copy of Driver’s License for each person on the mortgage    

    • Copy of the most recent loan statement for the mortgage(s)

    • Copies of 2 most recent Pay Stubs

    • Copy of the 2 most recent personal Bank Statements for each account

    • Copy of 2 most recent IRS Tax Returns 

    • Current or past real estate listing agreement     

    • Keys to the house

    Documents you will need to sign: 

    Please note some of these documents must be signed before a notary

    • DIL Disclosure Document 

    • Affidavit of the Homeowner (Notary Required)

    • DIL Master Agreement 

    • Disclosure Regarding Real Estate Transaction (Notary Required)

    • Letter of Agreement and Addendum

    • Disclosure of Shortfall Balance Liability (Notary Required)

    • Authorization to Release Lending Information (Notary Required)

    • Deed (Notary Required)

    • Limited POA (Power of Attorney) (Notary Required) 

    • Property Condition Disclosure