No Down Payment/No Loan Qualifying-Safe at Last
July 12, 2006 (Press Release) --
North American Realty Services, Inc, California based firm with a multi-state network of over 3,000 trained and certified specialist, offers a revolutionary real estate conveyance system for homebuyers and hard-pressed sellers. The NARS Equity-Holding Trust System (“NEHTrust™) allows would-be sellers of Real Estate to safely and legally permit buyers to take over payments on existing and otherwise non-assumable mortgages for anywhere from one to thirty years without the acquiring party’s needing to qualify for the mortgage. There is no lender involvement in the transactions, or any violation of the existing loan’s “due-on-sale” provision says, the company’s founder Bill Gatten (citing federal regulation 12USC1701-j3 and IRS Code 163(h)4[D]).
For buyers, says Gatten, the NARS Equity-Holding Trust™ affords all the elements and benefits of homeownership without time-consuming lender qualifying or typical “downpayment” requirements (often closing costs are all that’s required). And perhaps best of all, the system avoids title involvement, public notification, major cash outlay, and long-tem obligation. “One week Escrows are routine,” says Gatten: “It’s only a matter of how fast the documents can be approved.”
In the NARS Equity-Holding Trust™ arrangement a seller places its property into a type of living-trust (Illinois Land Trust): thereupon assigning a portion of the trust’s beneficiary interest to a second party, a would-be home owner tired of renting. This second party (now a co-beneficiary in the land trust) pays a fee for its position in the trust and agrees to cover all costs of the trust property’s ownership for a specified term. Following the close of the escrow transferring the beneficiary interest, the new co-beneficiary assumes possession of the property via a net lease, and thereby becomes entitled to all income tax benefits, appreciation potential and all other incidents and benefits of homeownership-all without needing a large cash reserve, perfect credit or standard loan qualifying requirements.
For a free information packet, call 1(520) 404-3636 or E-mail azequity@hotmail.com
For buyers, says Gatten, the NARS Equity-Holding Trust™ affords all the elements and benefits of homeownership without time-consuming lender qualifying or typical “downpayment” requirements (often closing costs are all that’s required). And perhaps best of all, the system avoids title involvement, public notification, major cash outlay, and long-tem obligation. “One week Escrows are routine,” says Gatten: “It’s only a matter of how fast the documents can be approved.”
In the NARS Equity-Holding Trust™ arrangement a seller places its property into a type of living-trust (Illinois Land Trust): thereupon assigning a portion of the trust’s beneficiary interest to a second party, a would-be home owner tired of renting. This second party (now a co-beneficiary in the land trust) pays a fee for its position in the trust and agrees to cover all costs of the trust property’s ownership for a specified term. Following the close of the escrow transferring the beneficiary interest, the new co-beneficiary assumes possession of the property via a net lease, and thereby becomes entitled to all income tax benefits, appreciation potential and all other incidents and benefits of homeownership-all without needing a large cash reserve, perfect credit or standard loan qualifying requirements.
For a free information packet, call 1(520) 404-3636 or E-mail azequity@hotmail.com
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