Home Sweet Home, LLC
A Tennessee Limited Liability Company
Tim Hendricks , Manager
615-202-8504
About Us:
Home Sweet Home, LLC is a property
management company for a group of
private investors.
Founded: 2002
State: Tennessee
Form: Limited Liability Company
Purpose: Real estate Management
Focus: Single Family
Residential homes
Regions: Tennessee
Alabama
Since our founding we have handled over 100 single-family homes. Many of them have eventually 'closed', or been financed through a bank or mortgage company for our buyers. When they signed with Home Sweet Home, LLC no bank or mortgage company would give them a loan. We gave them the opportunity to live in a home while improving their credit score, and the option to buy the home in the future on the terms agreed upon when they first signed.
Our mission is to provide a home to anyone who has the desire to live in a single-family home, and the down payment money, regardless of their credit score. Even those who do not have the 'good credit' required by the banking and financial institutions of Amerika.
Banks and typical lending institutions are in the business of lending money. They are not in the business of selling homes. They put people through a stringent qualifying process in the hopes that they will not have anyone default on a loan, and yet they still have a certain amount of loans that must be foreclosed because people get into financial trouble for hundreds of different reasons and end up losing their home.
Foreclosures cause banks big headaches and cost them money. So they charge the borrower for the headaches and expenses up front. They make enough money from the home buyer in closing fees and interest spread that it is profitable for the bank whether the buyer keeps the home, or loses it.
Lending institutions charge what we consider to be excessive and abusive fees, for any reason they can come up with, or which they can get a law passed to require. The buyer has to have these 'closing fees' on hand to pay the bank and these fees do not go toward the purchase price of the home. These fees are in addition to the usual down payment of 20% of the purchase price. This further protects them in the case of a foreclosure.
If you have excellent credit, plus 20% to put down, plus the closing fees, then by all means buy a home through your bank. You may get a slightly better price than you will get through Home Sweet Home, LLC.
If you are tired of the frustrating qualifying process that requires you to reveal your entire life's financial history as well as your very personal information that you would prefer to stay private. Or if you do not want to pay 20% down payment or exorbitant closing fees, then give us a call.
We are in the business of selling homes for our private investor group. If you have the money for a down payment and we have a home available, we will put you into a home, on a lease with an option to buy it. We let you decide whether or not you can afford the monthly payments. If you are in doubt, we will be glad to discuss your financial situation and make a recommendation.
If one of our buyers defaults, we simply take the home back and resell it to someone else. It can even be handled in such a way that it does not show up as a foreclosure on your permanent credit report.