Easyknock buys your home, pays off your mortgage, liens, and other recorded indebtedness, and releases your home equity back to you. You continue to live in your home as a renter.
You tell us about your situation (ie; past-due mortgage payments, you want to move but need the finances to do that, you want to start a new business). We create an agreement that meets your financial needs and time frame (lease length).
The Smiths own a house worth $240,000 and they have a mortgage balance of $80,000. They want to invest money into starting a new business, but they are behind on their mortgage and have a below average credit score.
EasyKnock will pay a first installment of $120,000 for the Smith’s home. $80,000 will pay off the mortgage and the remaining $40,000 goes directly to the Smiths. The Smiths continue to live in their home and pay rent for 2 years. At any time during the lease term they can decide to buy the house back for $130,000 or request it be listed and sold at market value. If listed and sold, the Smiths would then receive the net sale proceeds over $130,000.
The Jones’ are retired and looking to move to Florida. They need time to find a new home, and some cash to buy it. Their current house is worth $300,000, and they have a mortgage balance of $100,000.
EasyKnock will buy the home for $270,000, and they will continue to live in their house for another year, paying rent, until they move to Florida!
Home refinancing criteria are very rigid, often disqualifying many individuals that apply for standard loans or reverse mortgages. Everyone’s situation is different, we at EasyKnock understand this. So, we've created a unique solution to help homeowners access their home equity.
Don’t have good credit or adequate income
Don’t qualify for a HELOC or reverse mortgage
Want to tap into your equity now, but don’t want to move
Need cash and time to find a new home
Financial freedom for new opportunities - start a new business or investment
Have time sensitive expenses
We buy your home at market value in two installments. We agree on a price for which you can purchase it back. You continue to live there as a renter, until you decide to buy it back, or have us put it on the market. You get the net proceeds over the purchase price option.
We buy your home at market value, plus fees. You continue to live there as a renter, until you decide to move.
1You need some of your home equity now, but plan on buying back your home.
1You’re planning on moving and want to sell now, release all your equity, and rent until you move.
2We agree on a purchase price, rental price, and initial lease term.
3We execute contract to buy your home, including paying off any indebtedness. Closing takes 30 days (we can expedite if necessary)
4We close and pay-off any existing liens on the property and you get your money!
5You continue to live in your home as a renter for at least one year, to renew just provide three months notice!
6Buy back your home or request it be put on the market at any point. We’ll sell the house and you get the net proceeds over the purchase option price.
6Move out when your lease ends.
Hello sunny Florida!
Sell and Stay solved our problem. We wanted to move but don’t know where. EasyKnock bought our home and now we have the cash and the time to look for our next home.
- Tommy, EasyKnock customer from Texas
Easyknock’s plan is fantastic. Clients who needed to consolidate debt had no luck with mortgage companies. Sell and Stay is exactly what they needed.
- Alex, mortgage loan officer from Georgia
I’m a real estate agent. EasyKnock was the key to my client’s problem. Sell and Stay was the right move – without having to move!
- Terry, Indiana Real Estate Agent
I had no idea this was an option. Genius. Great people to work with. My wife was terrified to think of selling and moving right now, instead we have a 2 year lease and plenty of time to find a home near our grandkids.
- Barry, EasyKnock customer from South Carolina
Sell and Stay FAQs