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BounceBack Homes

Hear From our clients!

Real Clients, Real Stories. Learn how others have bounced back!

Real Results. BounceBack Homes does not guarantee any homeowner will achieve the results these families were able to achieve.

To protect our clients’ privacy, names have been redacted from these client stories. References are available upon request. 

Location: State of Pennsylvania, Springfield

Owner(s): Wife on deed, husband not, 3 young children (primary school)

Occupation: School teacher and IT professional

Trigger Event:  Loss of income and severe loan terms with loan interest rate increasing and many fees and penalties

Concern:

  1. Lender forcing sheriffs’ sale of the home and having to move.
  2. 3 young kids in local schools
  3. Loss of equity
  4. Uncertainty of situation
  5. Poor credit score

Objective:

  1. Avoid a sheriffs sale and loss of home
  2. Stay in the home and repurchase the home with a new mortgage
  3. Maximize equity

Process and Results: Owner reached out to from direct mail

  1. Both spouses went through several presentations starting in January 2021
    • Many follow ups, mortgage balance grew
    • Lender was not cooperative, attempted to force a sale
  2. We referred counsel who they retained
    • Signed contracts May 2022
    • Homeowner tried to negotiate with the lender – lender demanded a greater sum of money
  3. Re-executed contracts June 2023
    • Owners contingent net equity was initially estimated at $71,898
    • 15 month contract
    • Closing June 19th, 2023
  4. Client successfully repurchased and remortgaged 12/7/24 and retained net equity of $172,370

Location: State of Pennsylvania, Willingboro

Owner(s): Husband and wife, 3 children

Occupation: Truck driver and school administrator

Trigger Event:  Husband’s income reduced from $75,000 to $50,000.

Cash Upfront: $12,500 for home improvements and cash

Concern:

  1. Waited too long and had a pending sheriffs’ sale
  2. Bank selling their home and having to move
  3. Loss of equity
  4. Uncertainty of situation where to move
  5. Inability to rent due to low credit score

Objective:

  1. Stay in the home and not disrupt daughter’s lives
  2. Avoid a sheriffs sale
  3. Maximize equity
  4. Eventually remortgage and stay in their home long-term

Process and Results:

  1. Owners contacted us based on direct mail April 2022
  2. Made several presentations
  3. We referred counsel who they eventually retained
  4. Executed contracts 10 months after initial meetings
  5. Attorneys had to petition court 2xs to stop sheriffs’ sale
    • Very uncooperative lender
    • Additional sheriffs and legal fees approx. $6,000
  6. Finally closed in March 2023
  7. They eventually made repairs to the home and did not live with as much stress and anxiety
  8. Clients chose to sell home as they were unable to make the increased payment in order to potentially qualify to repurchase the home.
    • They realized net equity of $72,500
  9. We advanced funds to get a new rental home.
  10. Credit score improved
  11. “Fresh start on Life” – as stated by the wife

Location: State of Pennsylvania, Ambler

Owner(s): Male with tenant in mother daughter apartment

Occupation: Therapist

Trigger Event:  Loss of income due to COVID, company closed

Concerns:

  1. Loss of equity
  2. Disruption of being forced to move

Objective:

  1. Maximize equity
  2. Not file for bankruptcy
  3. Sell home and move to North Carolina

Process and Results:

  1. Owner went through several presentations
  2. Took months to decide but had a lot of equity
  3. He choose to sell the home after 15 months as his income was still low
  4. We referred a real estate agent to market the home
  5. Sold and closed on home within 3 months of listing with multiple offers.
    • Initial contract fell through but sale price increased by $35,000.
    • Sold in the 19th month
  6. Realized over $156,875 of net equity

Location: State of Connecticut, Town of Wilton

Owners: Husband and wife, 2 children, one special needs, another in college

Occupation: Wall Street attorney, homemaker

Trigger Event: Loss of income due to COVID

Cash Upfront: $7,000 home repairs

Concerns:

  1. Loss of equity
  2. Disruption of the family
  3. Pressure of foreclosure and a potential sheriff’s sale
  4. Uncertainty – owner had concern about market demand so signed a longer contract- sold in 4 months (Able to save money as BBH’s fees were lower due to the owner’s sale of the property in short period of time.)
  5. Poor credit score and impact

Objective:

  1. Not file for bankruptcy – negative impact especially for attorneys and their licenses
  2. Less stress

Process and Results:

  1. Homeowner received direct mail and reached out
  2. We referred counsel who they retained
  3. Executed contracts within 2 months
  4. They chose to sell the home
  5. Selected the real estate agent they referred and sold home within 3 months
  6. Realized over $152,000 of net equity
  7. Moved into a townhouse

we want to help you bounce back! Hear our team's stories:

(3) If you have an hoa, community board, or pud committee, they are contacted by BounceBack or your attorney for a closing package so bounceback can operate the property DURING YOUR PROGRAM.

(2) The amount of cash advanced, if any, is dependent on the appraised value of your home and the agreed to debts that need to be paid off. In many instances BounceBack is unable to advance any cash at closing. For example, if total paid off debt at closing is greater than 60% of appraised value, we will not be able to advance any cash.

(1) Estimated Net Equity is the estimated net value based on the current appraisal, less your mortgage payoff and other agreed-upon debts, your cash-upfront payout, and BounceBack’s fees, related financing costs, transaction costs, and closing costs, all of which are subject to changes in the home’s value. For example, if the home’s value decreases due to market conditions or failure to properly maintain the property, the estimated net equity will decrease. The estimated net equity also assumes that you make all required contractual rental payments. If you fail to make any rental payments, your estimated net equity will decrease.

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