The buyback program has been one of our most popular programs and for good reason! It gives our clients the opportunity to have their foreclosure stopped in 2-3 days and never have to move out of their home!! And they have the opportunity to keep the home long term!

This works great for people who have a good amount of equity in their home and ultimately feel that they have a friend / family member who can help them obtain a new mortgage in the future. Or a new job / source of income coming in soon they can use to buy the home back.

So how does it work?? The whole process is pretty simple…

Step 1 – Synergy will work with you to obtain mortgage payoff and reinstatement figures from the lender. (If you already have that information then that is even better!!)

Step 2 – With this information in hand, we will be able to give you exact numbers on how this will all work. Including how much cash you will get at closing and what the buy back price will be on the home.

Step 3 – We will sign the paperwork and then send all the information over to the closing attorney

Step 4 – We finalize everything with you and get the foreclosure stopped!! This happens by our team either wiring in reinstatement funds or funds to pay off the entire mortgage. If you are receiving cash at closing, then those funds will be sent to you.

Step 5 – We stay in communication with you over the buyback period (usually 6 months) and will refer different lenders / contacts who can help with the new mortgage process.

Step 6 – You buy the home back from us! And everyone is happy! If you are unable to complete the buyback within the agreed upon time frame then we will work with you to figure out a win – win solution.