Saved by a Hous­ing An­gel

Calgary Herald - Calgary Herald New Condos - - Recreation & Investment Properties - ALEX FRAZER-HAR­RI­SON

JFor

Cal­gary her­ald ust call us an­gels. A new pro­gram launched by Ari­zona-based, Cana­dian-owned RealCore Realty called Hous­ing An­gels of­fers Cana­di­ans a chance to take ad­van­tage of par­ity dol­lars and low real es­tate costs to come to the res­cue of Ari­zona home­own­ers fac­ing fore­clo­sure.

“Cana­di­ans are help­ing solve the mort­gage cri­sis here,” says bro­ker and RealCore owner David Dziedzic.

“Cana­di­ans have been buy­ing prop­er­ties to help peo­ple fac­ing hard­ship to stay in their homes.”

So far, more than 100 in­vestors have signed up for the pro­gram, which Dziedzic hopes to fran­chise na­tion­ally.

“We have one homeowner who owed $300,000 on their house, and an in­vestor came in and bought it for $151,000, and now the pay­ments which used to be $3,000 are now $1,580 per month,” he ex­plains. The idea is for the oc­cu­pant to buy back the prop­erty from the in­vestor over a pe­riod of up to three years.

“The (in­vestors) have a chance over three years to get a min­i­mum 10 per cent re­turn on in­vest­ment,” says Dziedzic.

Dziedzic says is­sues such as home main­te­nance re­main the re­spon­si­bil­ity of the oc­cu­pant, as it was pre­vi­ously, and the homes are, ob­vi­ously, not sitting va­cant.

“It’s a win-win deal,” he says. “Fam­i­lies get to stay in their house, and even the banks like it be­cause they don’t have to hire an as­set man­ager. And you don’t have to worry about peo­ple break­ing into the house be­cause it’s va­cant.”

Dziedzic says RealCore can help in­vestors through the process.

For more in­for­ma­tion about the pro­gram, visit housin­gan­gels.com. For more in­for­ma­tion about other real es­tate op­por­tu­ni­ties in Ari­zona, visit re­al­cor­e­re­alty.ca.

Cour­tesy Hous­ing An­gels

Hous­ing An­gels helps home­own­ers fac­ing fore­clo­sure to stay in their homes.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.