NEW YORK, April 6, 2011 /PRNewswire/ -- The American Dream is to own a home, to live a prosperous life and raise a family. With the current economic climate that has impaired the United States real estate market, the American Dream is quickly becoming a fairytale. Financial institutions and their mortgage practices have only added insult to injury by taking advantage of the American homeowner's distressed situation. FreeDistress.com, LLC is a new real estate investment company that has positioned itself to provide a life preserver to the distressed American by providing options for our clients to utilize in their attempts to prevent a financial institution from taking their homes.
The FreeDistress process is simple. Distressed owners of residential and commercial properties apply online at www.freedistress.com and provide to FreeDistress various materials (including copies of the existing mortgage documentation and a bank authorization letter which consents to FreeDistress discussing the client's existing mortgage debt with the applicable financial lending entity). FreeDistress attempts to purchase the client's real estate from the financial lending entity in a "short sale" scenario. If FreeDistress is successful in acquiring the real estate, then it leases the real estate to the client. FreeDistress attempts to acquire the property at a purchase price that is low enough to allow it to offer the client a monthly rental amount that is approximately fifty percent (50%) of the original monthly mortgage obligation With a Purchase Option. The purchase option is exercisable in a time period between five (5) and ten (10) years, as decided by the client in consultation with FreeDistress. The lease which contains the purchase option is then properly recorded along with the deed and made public record.
FreeDistress has brought a breath of fresh air and glimmer of hope to millions of American homeowners across the nation. Any distressed situation involves hard times and heart-touching situations, however, these circumstances can only be overcome with viable options. FreeDistress is offering such viable options to the American people.
Jayson T. Butler
SOURCE FreeDistress.com, LLC