The Buy-Back Option
You sell the home to us today and receive a written, contractual right to repurchase it on agreed terms by an agreed deadline.
What it is
- You sell the property to us in a true and unconditional sale.
- You receive a contractual right or option to repurchase at a price locked in writing on Day One.
- Occupancy and payment terms are documented in a separate residential lease that complies with Florida Chapter 83.
- The buy-back price, deadline, and any extension terms are disclosed on the face of the agreement.
- A statutory Notice of Right to Cancel is delivered when § 501.1377 applies — typically a 3 Florida-business-day cancellation window.
Why a homeowner may consider it
- May stop a forced auction or scheduled sale date.
- May create time to refinance or stabilize finances.
- May preserve a defined path back to ownership.
- May avoid the uncertainty and public process of a courthouse auction.
Important risks
- You are selling the property — title transfers to the buyer at closing.
- If you do not timely exercise the buy-back right, you may permanently lose ownership.
- Lease default may lead to eviction through the appropriate Florida court process.
- There is no guarantee you will be able to obtain financing to exercise the buy-back.
- You should seek independent legal advice. Our counsel represents the company, not you.
Approved language we'll never deviate from
- This is a sale transaction if accepted.
- There is no guarantee of foreclosure prevention, repurchase, or refinancing.
- The homeowner should seek independent legal advice and is strongly encouraged to contact a HUD-approved housing counselor at (800) 569-4287.