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Tuesday, May 21, 2024

Introducing Home Sale Assured’s New Strategic Bridge Funding Partner

Home Sale Assured, formerly known as Fortuna Finance, has recently announced its official launch earlier this year. With the aim of providing real estate agents and mortgage lenders with a solution to help homebuyers gain confidence and peace of mind when selling their current home to buy a new one, Home Sale Assured has introduced its Guaranteed Backup Contract program.

This program works in collaboration with real estate agents to offer a guaranteed purchase offer on a client’s current property. This enables clients to make a non-contingent offer on their new home while deducting their mortgage debt from their DTI (Debt-to-Income) ratio when qualifying for a new loan. Additionally, Home Sale Assured has partnered with The Mark Maimon Team at NJ Lenders Corp to provide bridge financing to its clients, enabling them to tap their equity as a source of liquidity for the down payment on their new home.

The Guaranteed Backup Contract ensures that the client’s current home is sold within 90 days, allowing real estate agents to stage and sell the home at the best possible price. In the event that the home does not sell within 90 days, Home Sale Assured will buy and relist the home for sale with the current agent. When the home is sold, 90% of the proceeds go back to the original homeowner, with Home Sale Assured retaining only enough to cover the transaction costs.

In its initial quarter of operation, Home Sale Assured has already placed contracts on $10 million in residential real estate, and anticipates production to more than double in the coming quarters. According to Eric Meadow, the company’s founder and a 23-year mortgage executive veteran, the bridge offering by The Mark Maimon Team will play a significant role in this anticipated growth.

Meadow stated, “At the end of the day, homebuyers don’t dream about selling their current home—they dream about buying a new home with more space, better schools, or an easier commute. We created Home Sale Assured to make sure real estate agents and lenders can provide peace of mind at the lowest cost in the industry to these homebuyers, so their dream comes true.”

As a provider of products and services designed to streamline the home sales process for real estate agents, lenders, and consumers, Home Sale Assured’s Guaranteed Backup Contract (GBC) program is available in all 50 states, offering home sellers the opportunity to sell their home to Home Sale Assured within 90 days after buying their new home. Meanwhile, agents receive more time to sell their client’s current home at the highest possible price. Home Sale Assured is headquartered in Chicago, Illinois.

The Mark Maimon Team, led by industry veteran Mark Maimon, offers conventional, non-conventional, and custom bridge loan products in 21 states across the country. Known for providing outstanding service and customized solutions, the team can be reached at https://bridgeloans.njlenders.com or by calling (855) MM-BRIDGE.

For more information on Home Sale Assured and its offerings, please visit http://www.homesaleassured.com. For press inquiries, please contact Eric Meadow at (530) 615-9752 or via email at eric@homesaleassured.com.

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