After the home owner has moved, the charity will fix up the house quickly and sell it. The agreed upon monies from home-owner’s equity will be put aside after the sale of property and will be used to save other home owners’ equities or otherwise invested so as to return the agreed upon equity at the agreed upon times.
How does our non-profit pay its employees and expenses? All monies for employee wages and for the charity’s related operation expenses come from private donations, and from home owners who need or chose to withdraw their equities early before the maturity date of their offered program resulting in them receiving less funds, or from higher numbered plans as will be shown in the types of plans being offered that follow.
The meaning of the word “Charities” in this and related documents refers to either a California approved 501C3 non-profit organization, or a not-for-profit entity of some kind, where no profit to the entity(s) is derived above wages and other expenses related to helping home owners in foreclosure. “Private-party offers” may also be available through our program, for lower equities where higher risks may be involved, risks which charities cannot take.