Harvard Business Review Features BounceBack Foreclosure Solution

Facing foreclosure? This company wants to help

Are you one of the 1.7 million Americans at risk of losing their home today through no fault of their own? In July 2021 the federal foreclosure moratorium ended and now many of us are at a much greater risk of losing our homes.

Life happens to us all. We all like to think we can control our lives, plan for the future and keep building brick-by-brick to create security for our families. Maybe you did everything you thought was right and now find that, despite all of your effort, one event has undermined it all. This is what happened to Don Gross in the last recession.

Gross was doing everything right, and when he got behind on his mortgage due to a downturn in his business, things quickly spiraled out of control.

“I felt humiliated when the notice of the sheriff’s sale was put on the front door of my home. I only had two weeks before I had to leave it forever. I tried everything I could to solve it. I even tried to negotiate with the lender, but they wouldn’t work with me. I tried to buy it back from the lender but they wouldn’t sell. I had no options. A total stranger bought my house,” Gross said.

“Ten years later,” he added, “I still miss that home.”

Gross’ story is being repeated across America day after day, state after state, neighborhood after neighborhood.

“It’s destroying our communities and destroying lives,” he said.

When a homeowner has done all the right things

Gross, who went on to found BounceBack Homes, believes that bad things can and do happen to good people like him. You may have spent your entire life living responsibly, making every payment on time. Then suddenly, something catastrophic happens. Now you’re on the verge of losing your home. You don’t deserve that to happen.

With BounceBack Homes, you have a real solution, a real opportunity, and the potential to stay in your home, avoid foreclosure and protect your net equity. All you need to do to unlock that opportunity is to help us help you, to help yourself.

“I created BounceBack Homes to help people like me. I wanted to stop foreclosures so that we are able to stay in our homes,” said Gross. “I want you to be able to continue to build foundations to create better lives for ourselves and our families as well as better neighborhoods and better communities.”

The architects of a better future

BounceBack Homes understands your situation firsthand. Our own experiences have given us the knowledge, expertise and drive to help you dig yourself out of a hole and cement your future. We are able to help you the way that corporations have helped each other for decades. When they struggle or don’t want to own their real estate anymore but still want to occupy it, corporations sell their buildings and lease them back in a commercial sale-lease. Sometimes we need the same assistance to secure new foundations and “bounce back” on your terms.

This simple concept that has been used commercially is now available for you and other homeowners. So, if you’re at threat of foreclosure, maybe you have more options than you realize.

Benefits with BounceBack Homes

Foreclosure is difficult. BounceBack Homes has done everything it can to make everything as easy as possible. We have created a clear process that will help you make the right choice for your situation. We are here to prop you up if you are feeling down and to support you in demolishing those financial worries that might be affecting your health and even your relationships.

By choosing BounceBack Homes today, you will be free to choose how you move forward at a pace that is right for you. As you take back control of your finances, you will be able to have the space to invest in you again and have the freedom to reconnect with the life that you have been working toward — all through a simple, secure and sympathetic process.

Helping homeowners

No one wants to lose their home and no one wants to lose the value they have created as they have loved and cherished that home. BounceBack Homes is here to prevent this from happening to you.

Join the BounceBack Homes community of homeowners who were once where you are today. Help us help you to secure the life you deserve.

Explore program packages today

We offer packages for homeowners who have a minimum of $150,000 in trapped equity in their homes with a mortgage that is less than 60% of the home’s value.

BounceBack Homes’ program is for homeowners who have spent years building up equity in their homes and the program is a strong alternative for filing for bankruptcy, selling your home or losing it to foreclosure.

BounceBack to build solid foundations

Through BounceBack Homes’ program:

  • You avoid foreclosure and stay in your home.
  • Your mortgage is paid off, possibly along with other debts including credit cards.
  • You keep your home’s potential increase in value, as well as decrease.
  • You can choose the payment you can afford, and choose any term period between 12-24 months.
  • BounceBack Homes takes on all of your legal fees and related costs as a credit against your equity.
  • You buy the home back or sell it. Either way, you receive your home’s net equity after paying BounceBack Homes’ fees and costs.
  • Your credit score should improve with the loan(s) paid off and the reported monthly payment activity.
  • This is a private transaction between you, your attorneys and BounceBack Homes. There is no public disclosure excluding recording of the title.

BounceBack Homes was founded by Donald Gross, a financial executive with more than 30 years of experience, including co-founding DUNBAR Capital (1996-2017) and advising closely held business owners (Global Financial Advisors). He is a graduate of the Wharton School, University of Pennsylvania with a B.S. in economics and an MBA. 

BounceBack Homes (“BBH”) its representatives and/or affiliates are not Foreclosure Consultants, Mortgage Brokers, Financial Advisors, Realtors, Lawyers nor a legal, credit or debt-counseling company. BBH does not and will not make guarantees as to the outcome or result of its services. BBH is a private, for-profit company.

 

Published in USAToday on October 27, 2021 at 6:04am.

(1) Net of your mortgage payoff, other agreed to debts, your cash upfront, BounceBack’s fee and related financing, transaction & closing costs. The amount of your net equity will change depending on the change in the homes value. For example if the home value drops by $10,000 your net equity will decrease by $10,000.

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