Save my home from foreclosure

The goal of Deed Solutions is to help property owners avoid LA County’s Tax Defaulted Properties Auction. Each April and October, LA County auctions those properties that are at least 5 years behind in real estate tax payments.

Deed Solutions will work with the property owner to purchase the property, pay the back taxes, and fund upfront money to the property owner (typically around $50,000) to cover moving expense and rent. Deed Solutions will spend money to fix up the property and get it ready for sale so as to maximize the sales price, and provide the property owner with a profit participation agreement. Upon sale of the property Deed Solutions will immediately pay out the profit participation. The goal being for the homeowner to end up with more funds than if they had to let it go to auction and pursue the overage.

Deed Solutions can also make you a cash offer up front, with no profit participation, and complete the transaction within a few days.

The advantages to the homeowner are primarily (1) being able to relocate and have some savings, (2) maximizing the sales price as opposed to letting it go at auction, and (3) receiving the profit participation immediately upon sale of the property. Pursuing overage can be tricky and many homeowners that want to pursue overage hire consultants that charge up to 40% of the overage, so that the net proceeds to the homeowner may yield them less than working with Deed Solutions. Pursing the overage also take up to a year or longer before receipt of any applicable funds.

Property tax protest companies

Our program works best where the properties need some cosmetic spruce up, repairs or improvements so that a full sales price can be obtained, much higher than what the property would fetch at auction.

Deed Solutions can apply the same program with the heirs of deceased property owners and navigate through the probate process.

Deed Solutions is the brainchild of Michael Schwartz and Ken Letourneau. Ken has been in the tax lien and deed business for many years and partnered with Michael in 2022. Michael had previously financed about $100 million of tax liens in Illinois, as well as over $5 billion in real estate finance transactions, and brings experience and a track record for structuring and executing the real estate business plan. Michael and Ken like to keep deals simple.

Funds are on-hand and there is no committee or outside approvals or outside funding involved. Deed solutions can be reached at (310) 817-0353 or info@deedsolutions.org

While Michael is a licensed real estate broker and 100% owner of the commercial mortgage brokerage firm Financial Compound, Deed Solutions is a separate line of business also owned 100% by Michael. While working with Deed Solutions Michael may occassionally accidentily email or call you from his Financial Compound contact email or phone, but that is just by mistake. There is no connection between the 2 businesses other than common ownership by Michael. Also if you use our online appointment scheduler, that is handled through Financial Compound website and Financial Compound automation reminders, sorry for any confusion that may cause.

At this time Deed Solutions is not considering to make any real estate loans, as those would require paperwork and guidelines with DRE. For now, Deed Solutions keeps things simple, transacting only with cash equity.