If you're one of the 1.2 million plus homeowners facing foreclosure right now, there is one technique that could be your salvation. This amazing strategy allows you to prevent foreclosure and rescue the equity in your home rather than forfeit it to the bank.

If you're not able to pay your mortgage (for whatever reason), then you can't afford the home you live in. This is not your fault! The banks have practiced predatory & often illegal lending practices during the recent Real Estate boom. This practice has been the main cause of the record number of foreclosures in the United States right now.

The good news for you is that you don't have to lose your home, even if you are in the foreclosure process. By utilizing a simple technique that has been around for decades, you can save the equity you have in your home and even turn a profit if you are willing to wait a year or two to cash out. Waiting for 12 to 24 months to make some money on your property rather than losing everything is a nice option for you to consider.

By using a Lease Purchase Agreement (LPA) you can find a tenant to occupy your property and within a set time period (usually 12 to 24 months) they can purchase the house at an agreed upon price. Since the tenant has the option to purchase the house you will potentially be able to:

1. Receive higher monthly payments than if you were to rent the house out traditionally
   
2. Get a non-refundable lump sum up front payment of 1% to 3% of the sales price of your house that you get to keep regardless of if the tenant buys your house of not
   
3. Have someone paying your mortgage and possibly a few hundred dollars more per month in excess positive cash flow above your mortgage payment (this is profit in your pocket).
   
4. Avoid foreclosure on the home.
   
5. Achieve a 10% to 15% higher than market value sales price on your home in an LPA agreement.
   
6. Find a buyer much faster than listing your home traditionally!
   

The best part about the Lease Purchase Agreement (LPA) is that it works well in all real estate markets. This technique is also called a lease option, or rent to own strategy. This strategy works especially well in depressed housing markets. It also works well when people are having a tough time getting mortgages. Right now it is very difficult for the average person to get a mortgage because the banks have tightened up their lending policies to extreme levels.

There are many other reasons why lease options are an excellent strategy for you to avoid foreclosure and save your peace of mind. This one technique alone can save you from destroying your credit forever and can even allow you to turn a bad situation into a potentially profitable one. Once you learn how to use lease purchase agreements to structure Real Estate deals, you'll have a life long strategy that you can use to profit from in truly amazing ways!

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