Transactions for preventing loan defaults, short sales, and foreclosures

摘要

A transaction process prevents short sales and foreclosures by changing a mortgage loan balance. Once it has been established that a borrowing owner of a home serving as collateral for a mortgage has an impending loan default, a transaction is initiated whereby the borrowing owner conveys a portion of ownership of the home to the lender for a credit amount. The lender agrees to convey the portion of ownership of the home back to the borrowing owner at a later time and the borrowing owner agrees to re-purchase the portion of ownership of the home from the lender at the later time. After the conveyance, the lender credits the credit amount to the borrowing owner in order to achieve decreased periodic payments associated with the mortgage due from the borrowing owner.