Vision for Assist Group. Creating Wealth with real estate investments and consolidating debt for real estate owners in distress without debt review

BUY TIME

MAXIMISE YOUR PROCEEDS

If you have to buy time to stop or avoid legal action or an auction of your home and maximize the proceeds, Real Estate Assist can help you.

Some people don’t want to or can’t keep their property and want or need to sell. Don’t sell under duress or pressure from the banks or creditors without first establishing your options and solutions.

Unfortunately, few people know there are alternatives to ensure you get the most out of the sale instead of being forced to accept a bank sale. We can help you stop the auction of your home, buy time and sell. View a case study of this type of assistance.

To qualify for this assistance, you must own property, and to keep your property you need a consistent stable income.

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a Typical Example

Here is how the real estate assist team can help homeowners.

The examples we illustrate here are real case studies of how Real Estate Assist helped distressed real estate owners.

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Case Study

Frangipani Street, Brackenfell, South Africa

The owner recently got divorced and their previous employment contract was canceled. They had arrears on a mortgage bond, short-term debts, and school fees. They had a bond LTV of 40% on higher-value property that required only cosmetic renovations. The owner secured a temporary employment contract but was still unable to settle their arrears. Sale in execution procedures was then instituted by the mortgage bondholder. They required access to equity in their property as soon as possible to provide a stable environment for their children.

Assist Group’s Intervention and Solution

  • Sell the property to the investor at less than market value to stop the sale in execution
  • Provide rental agreement and perpetual option linked to a lease to the previous owner
  • Utilize proceeds for settlement of debts after transfer and cosmetic renovations
  • Should option linked to a lease not be exercised then the property is sold to a third party
  • Sale in Execution procedures stopped. Pay predetermined profit to the investor as contractually agreed
  • The remainder of proceeds payable to the property owner on transfer to third party purchaser

Results

  • Sale in execution averted after-sale to investor
  • Debts settled from proceeds after transfer to the investor and school fees paid
  • Temporary employment contract not renewed to enable exercise of the option
  • Rental agreement and option fees paid for 21 months provided a stable environment for children after divorce
  • Property sold to the third party with listing after maintenance to maximize proceeds
  • Pre-determined profit paid to investor and remainder of proceeds to the property owner

Value Created

  • Current Market Value: R 2,300,000
  • Auction Value @ 60% R 1,280,000
  • Actual Sales Value R 2,800,000
  • Equity value saved for owner. R 1,420,000

Costs

  • Transaction Costs: R 281,965
  • Renovation Costs: R 13,563
  • Investor Profit: R 362,454
  • Rental Saving: R0,00
  • Net costs for the owner R 657,982

Net equity saved for property owner by intervention R 762,018

Don't let debt destroy you or your family.
We have a proven track record of helping people in financial distress as seen in the above real life case studies.
You too can recover from debt.

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