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 * About Us
 * QCD™ Elements
 * H.O.M.E.S.’ E-Learning COURSES
 * Real Estate Professionals
 * Sellers
 * Buyers
 * No More Rent-to-Own
 * Articles of Interest
 * News and Press Release
 * HOMES Blog
   * Possible use of the Qualified Contract for Deed (QCD)™ for Homeowners in
     Foreclosure
   * Next Steps for Renters who want to Buy a Home Using QCD™
   * No More Rent To Own With QCD
   * Contract for Deed in Old City Philadelphia
 * Resources
 * FAQ
 * Contact Us
 * Condo Conversion Services

Menu
 * About Us
 * QCD™ Elements
 * H.O.M.E.S.’ E-Learning COURSES
 * Real Estate Professionals
 * Sellers
 * Buyers
 * No More Rent-to-Own
 * Articles of Interest
 * News and Press Release
 * HOMES Blog
   * Possible use of the Qualified Contract for Deed (QCD)™ for Homeowners in
     Foreclosure
   * Next Steps for Renters who want to Buy a Home Using QCD™
   * No More Rent To Own With QCD
   * Contract for Deed in Old City Philadelphia
 * Resources
 * FAQ
 * Contact Us
 * Condo Conversion Services

The Affordable Way to Purchase a Home using a “Qualified” Contract for Deed™, or
QCD™
Our H.O.M.E.S. “Qualified” Contract for Deed™, or QCD™, makes Homeownership
possible NOW, even for long-term and minority renters who feel left behind. It’s
an updated version of the classic contracts rarely used now because they didn’t
have modern protections for both Buyer and Seller that our QCDs™ have today. Our
plan sets standards for key elements that should be part of all QCD™ documents.
Click Here
H.O.M.E.S. launches its QCD™-inspired “BUY NOW, MORTGAGE LATER”© Campaign to
honor Homeownership
HomeOwner Makers Educational Services is honoring Homeownership by pledging its
National QCD™ program will educate and help new buyers purchase homes without an
initial mortgage.
Click Here
H.O.M.E.S.’ Affordable E-Learning COURSES make it Fast and Easy to understand
QCDs™
Millions of renters and other buyers can quickly become homeowners with this
innovative seller financing that doesn’t require a purchase mortgage. These
affordable E-LEARNING Courses make it fast & easy to understand!
Click Here
10 Reasons why ALL REALTORS should GET CERTIFIED to offer the “Qualified”
Contract for Deed™ (QCD™)
15 million+ single family rentals could use this program. About 300,000 are
corporate REIT owned; the rest are held by people who self-manage & own 10
properties each, on average. They’ll want to help ‘good’ tenants when they see
the rental income valuation levels for their properties using QCDs™.
Click Here
The Affordable Way to Purchase a Home using a “Qualified” Contract for Deed™, or
QCD™
Our H.O.M.E.S. “Qualified” Contract for Deed™, or QCD™, makes Homeownership
possible NOW, even for long-term and minority renters who feel left behind. It’s
an updated version of the classic contracts rarely used now because they didn’t
have modern protections for both Buyer and Seller that our QCDs™ have today. Our
plan sets standards for key elements that should be part of all QCD™ documents.
Click Here
H.O.M.E.S. launches its QCD™-inspired “BUY NOW, MORTGAGE LATER”© Campaign to
honor Homeownership
HomeOwner Makers Educational Services is honoring Homeownership by pledging its
National QCD™ program will educate and help new buyers purchase homes without an
initial mortgage.
Click Here
H.O.M.E.S.’ Affordable E-Learning COURSES make it Fast and Easy to understand
QCDs™
Millions of renters and other buyers can quickly become homeowners with this
innovative seller financing that doesn’t require a purchase mortgage. These
affordable E-LEARNING Courses make it fast & easy to understand!
Click Here
10 Reasons why ALL REALTORS should GET CERTIFIED to offer the “Qualified”
Contract for Deed™ (QCD™)
15 million+ single family rentals could use this program. About 300,000 are
corporate REIT owned; the rest are held by people who self-manage & own 10
properties each, on average. They’ll want to help ‘good’ tenants when they see
the rental income valuation levels for their properties using QCDs™.
Click Here
The Affordable Way to Purchase a Home using a “Qualified” Contract for Deed™, or
QCD™
Our H.O.M.E.S. “Qualified” Contract for Deed™, or QCD™, makes Homeownership
possible NOW, even for long-term and minority renters who feel left behind. It’s
an updated version of the classic contracts rarely used now because they didn’t
have modern protections for both Buyer and Seller that our QCDs™ have today. Our
plan sets standards for key elements that should be part of all QCD™ documents.
Click Here
H.O.M.E.S. launches its QCD™-inspired “BUY NOW, MORTGAGE LATER”© Campaign to
honor Homeownership
HomeOwner Makers Educational Services is honoring Homeownership by pledging its
National QCD™ program will educate and help new buyers purchase homes without an
initial mortgage.
Click Here
H.O.M.E.S.’ Affordable E-Learning COURSES make it Fast and Easy to understand
QCDs™
Millions of renters and other buyers can quickly become homeowners with this
innovative seller financing that doesn’t require a purchase mortgage. These
affordable E-LEARNING Courses make it fast & easy to understand!
Click Here
10 Reasons why ALL REALTORS should GET CERTIFIED to offer the “Qualified”
Contract for Deed™ (QCD™)
15 million+ single family rentals could use this program. About 300,000 are
corporate REIT owned; the rest are held by people who self-manage & own 10
properties each, on average. They’ll want to help ‘good’ tenants when they see
the rental income valuation levels for their properties using QCDs™.
Click Here

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HOME OWNER MAKERS EDUCATIONAL SERVICES - H.O.M.E.S

 * This FREE Website explains how to achieve home ownership simply and quickly
   for many renters, with a recommended 1-2% buyer down payment, no closing
   costs, and affordable monthly payments.

 

 * We have standardized elements of the “contract for deed” legal method of home
   buying, which does not require an initial buyer’s purchase mortgage for
   immediate home ownership. This new process includes provisions to protect the
   buyer and seller by creating a “Qualified” Contract for Deed™, or QCD™. 

 

 * We will then also be assisting those buyers to refinance their homes with a
   conventional mortgage provider.

 

 * We also hope that this QCD™ method of home ownership will replace and
   eliminate all existing “Rent-to-Own” and  “Lease Purchase” arrangements
   nationwide.  

 

 * We have developed in-depth e-learning courses for real estate professionals
   to become certified in helping buyers, sellers, and “rent-to-own” renters to
   achieve immediate home ownership.  





No More “Rent-to-Own”

Learn how our method stacks up against ownership strategies of the past and
today.
Learn More


Buyers

How a new spin on a historical method can help you finally own your home.
Learn More


Sellers

How our resources can help you sell your rental properties, at owner-occupant
values.

Learn More


Resources

Get to know our corporate partners and how they want to help you buy your home.
Learn More


QCD™ for Realtors

How Realtors can use QCD™s to help buyers and sellers.
Learn More

FAQ

Why does H.O.M.E.S. call this process a “Qualified” Contract for Deed™?

We have developed a list of elements for this type of contract to help it become
more widely used and standardized. Some of these elements include a legal review
by both parties, a title report on the property, home inspections, home
warranties, 30-year amortization terms, and contract recording, to protect the
buyer and the seller.

How quickly can tenants become owners?

Once both buyer and seller have agreed on a price and interest rate and term, a
Rocket Lawyer or other suitable contract can be printed and after the
recommended legal review by the buyer be signed. The QCD™ can then be recorded,
and is effective immediately for the buyer’s ownership rights.

Why is the recommended down payment so low?

In a QCD™ there are minimal closing costs, which usually include contract
preparation by the seller, and perhaps a home inspection and system and
appliance warranty to protect the buyer from unexpected costs. The updated title
cost and recording are also usually paid by the seller. For each $100,000 of
home value, on a thirty year amortizing term, the buyer pays about $1700 of
principal in the first year to reduce the amount owed and build equity for
conventional mortgage refinance. This equity build-up increases each year of the
contract. The buyer also is responsible for property tax, insurance, and repairs
and maintenance, and interest on the contract balance.

I am a landlord with ten rental properties, and my tenants want to buy. How do I
present the QCD™ to them?

We have designed the website with sections to educate both parties. The most
difficult part is agreeing on a valuation. We recommend using the current rent,
and comparison to prices of similar houses. The essence of the valuation is a
good faith negotiation between the buyer and seller. We will be working on
special contract appraisals to help with this process, and Real Estate
professionals may also assist the parties. There is a valuation calculator on
the website to provide guidance as well.

How quickly can a new QCD™ owner refinance to a conventional mortgage?

We will be working with national mortgage companies to provide refinance
guidance to the parties. By policy, FNMA, FHA, and FreddieMac all require 1 year
and a day from the contract signing to consider this a refinance mortgage. Other
considerations of mortgage qualification will apply, including amounts paid in
by the buyer, home value, credit, income verification, and so forth. All of
these elements are considered by the mortgage provider.

Why do I need a lawyer?

As with any written contract, a legal review is a good idea. We are working with
a national provider of member legal services (Legal Shield) to provide a
low-cost buyer review through their program. The buyer should know their rights
and responsibilities, including late payment provisions, timing and payment of
property taxes and insurance, title update and contract recording, and other
elements to achieve the goals for both buyer and seller.

I am in a “Rent-to-own” contract and have not been able to qualify for a
mortgage, and realize this would be better for me. How do I arrange to change to
a QCD™?

Talk to your landlord/option holder. There is a section of the website to help
you, but since you are already living in the home and have an option price
established, you should be able to agree on contract terms, prepare a QCD™ and
move to immediate ownership with a schedule to refinance the QCD™ to a
conventional mortgage when it is appropriate.

Are these contracts assumable if I want to sell, or transfer to a relative?

Provision can be made for contract assumption, if the seller is willing to allow
it, and usually with the right of the seller to underwrite the new buyer who is
replacing the current contract buyer.

What if I die before contract completion or refinance, can my children take over
the contract?

Provision is usually made to retain the contract, which is recorded, in the
event of death of either the seller or the buyer.

I am a long term renter and I love my house. I experienced a bankruptcy 6 years
ago, can I still be approved for a QCD™?

The underwriting process is strictly up to the seller. If your rent has been on
time in most cases they will be inclined to approve you for the sale.

I like the idea that if property values rise, and I am offered more than the
contract purchase price I negotiated, I can sell the house, pay off the QCD™
balance, and keep the profits. How would I coordinate such a deal?

Some QCD™ buyers might consider listing their house for a conventional sale (a
buyer with mortgage approval) with a Realtor, who then coordinates the sale to a
new owner. The cost of their services would be deducted from any profit above
the contract balance owed, and transfer costs as appropriate.

What happens if I lose my job? I am getting unemployment, have savings and can
still pay my rent, does that hurt me?

The process of approval for the contract is between you and the landlord, and in
most cases if you have been a “good” tenant, with timely rental payments, they
will be inclined to approve you for the QCD™.

I have had credit problems in the past with charge cards. How does that affect
my ability to get into a QCD™?

The approval process is up to the landlord for your contract, and they will be
more concerned about your rental payment history. If the mutual goal is to
refinance to a conventional mortgage as soon as possible, there are credit
repair agencies who can help you and the landlord potentially have your contract
ownership payments added to your credit history file as the new homeowner, which
may increase your score.

We are in our late 20’s and want to buy while rates are low. My husband changed
jobs last month. Does that matter?

The landlord/seller makes the decision on whether to offer you the contract, and
if you are a tenant in good standing in most cases they want to approve you. A
future refinance to a conventional mortgage, if desired, will have third-party
mortgage considerations. We will be working with mortgage companies to
facilitate that process.

Accordion Content

If this is such a good process, why is it not widely used on other houses?

In most cases, current owner-occupied house sellers cannot offer these contracts
without their existing mortgage holders agreeing to the QCD™. (This is called a
“due on sale clause). Most of the houses that will be offered under this plan
will be prior rentals, whose landlord/owners have commercial financing that can
cooperate with the process.

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