From sleepless nights and looming foreclosure to financial stability and peace of mind.
Wilton, CT
From sleepless nights and looming foreclosure to financial stability and peace of mind.
Wilton, CT
Paul, a Wall Street attorney, had always been the steady provider for his family. But when his income suddenly dropped, the foundation he and his wife Lisa had built began to shake. With two children — one in college and another with special needs — their $6,500 monthly mortgage became impossible to manage.
They fell further and further behind, and the threat of foreclosure became very real. Bankruptcy seemed like the only path left.
When Paul and Lisa connected with BounceBack Homes, they were surprised by the compassion they felt right away. Instead of being told what to do, they were listened to.
Together, we created a plan that did three important things:
The relief was immediate. Paul and Lisa avoided foreclosure, bankruptcy, and the devastating loss of their home. Even more importantly, they protected over $152,000 of their home’s equity.
Lisa later said she felt like she could breathe again for the first time in years. Paul told us that having someone in their corner — guiding instead of judging — gave him the clarity and confidence he had lost.
“Thanks to BounceBack, we’re more financially stable, and, most importantly, we have peace of mind and a future we’re looking forward to.”
(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.