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As
a prospective buyer, are you having difficulty funding a home?
You
can own your own home now with a Small Initial Payment, no Bank Qualifying
or Credit Hassles
...your own home!
Think
about this: As a prospective home buyer, you may have been turned away
because...
·You
are new on the job?
·You
are self-employed?
·You
are burdened with a credit history that haunts you.
·You
lack a large down payment?
You
are cursed with former bankruptcy, repossession, foreclosure, offers in
compromise, marital dissolution, etc.
OR...
Are
you simply a prudent buyer with good credit and sufficient down payment;
but would prefer not to commit to a thirty-year mortgage or spending a
bunch of cash on "dead equity" in real estate?
Are
you in need of tax deductions to neutralize your income, but prefer not
to use your cash or credit to acquire real estate?
Via
this unique program you can now...
You
can discover the secret of home ownership without any of the traditional
obstacles!
You
can begin immediately to enjoy all the many benefits of real estate ownership
without mortgage loan or credit qualifying, or standard down-payment requirements.
The
Ama-Kya Trust System (Equity Holding Trust System™) provides:
·All
incidents of ownership via loan payment assumption, without a lender's
due-on-sale violation (even with non-assumable loans).
·A
legal "Subject-To," without the necessity of the buyer being on title and
risking the property to judgment creditors or IRS tax liens.
·Freedom
from the need for subterfuge, deceit or "quiet documentation."
HOW
IT ALL WORKS...
A.
STEP ONE: A
would-be "seller" places his/her property into a beneficiary directed,
title-holding land trust with a third party corporate trustee. Although
the use of the land trust in our context is to effectively provide the
safest and most secure means of transfer of ownership interest: the land
trust itself can be employed for myriad other reasons. Here are just a
few of them:
·For
privacy, estate planning, probate avoidance and assets protection
·To
enable one to convey all tax benefits to any party in the transaction that
he/she would choose...without title transfer.
·To
avoid compromising the due-on-sale clause in the underlying financing relative
to owner-financed transfers
·To
shield the property from virtually all legal threats and potentialities:
from marital disputes and creditor judgments to BK's and tax liens
·To
make your purchase by payment-assumption simpler and easier, since the
seller can be so well protected while staying on the loan, and never have
to worry about you or the collection and disbursement of payments. And
neither does he ever have to put your name on title… until you're ready
to Re-Fi
B.
STEP TWO:
A co-beneficiary interest in the trust is assigned to a would-be buyer
(YOU...a would-be homeowner). This assignment is done versus a sale or
transfer of the property's legal or equitable title in order to shield
the property from all forms of attack by creditors or dissent among beneficiaries
(title is held by a bona fide third-party trustee for the shielding of
the property and for the mutual benefit and protection of all parties).
C.
STEP THREE:
In a completely separate action and with you the assignee (now a co-beneficiary)
in order to gain possession and tax benefits leases the property from the
trust on a "triple-net lease" basis (i.e., refers to a lease that contain
a contractual obligation to pay all costs of ownership and possession:
i.e., interest property tax, insurance, etc.), thereby having succeeded
in obtaining 100% of ALL the benefits of real property (home) ownership...and
then some*:
Full
income tax write-off for mortgage interest
Full
income tax write-off for property taxes paid
Equity
build-up resulting from principal reduction in the underlying mortgage
loan
(dependent
on initial payment)
Potential
for profit from appreciation in the property's market value over time
100%
of the property's Use, Occupancy and Possession
The
right to sell, sublease or rent out the property (or do nothing) with concurrence
of all trust
beneficiaries
Protection
from a deflation of property value (at the end of the specified trust term,
should the
property
have lost value, the resident beneficiary is free to walk away and pay
nothing further...without penalty.
Privacy
of ownership: i.e., all ownership is secret, silent and unrecorded in the
public record
A
shielding of one's property from the ravages of creditor liens, tax lines,
lawsuits, bankruptcy
claims,
marital dissolution issues and Probate
The
ability to buy with minimal up-front cost, without new mortgage financing
and without
compromise
of the existing lender's alienation (due-on-sale) admonitions.
AT
TERMINATION:
In a
typical Ama-Kya Trust transaction, the contract provides for the resident
beneficiary to either sell or refinance the property, and pay the investor
all monies due from the proceeds of such sale or other disposition at that
time. The sale price at termination is agreed in advance to be whatever
the FMV is determined to be at the time, MINUS any moneys owed to the acquiring
party by virtue of its beneficiary interest in the underlying land trust.
Such sale price is agreed to be determinable at the trust's (and lease's)
termination by a mutually acceptable appraisal (disagreements settled by
the dissenting party right to order a full M.A.I. appraisal).
101
of Ama-Kya
Equity Holding Land Trusts ™
An
Analogy
Think
of the Trust as a Company that owns a house.
1).
Shares in the Company are allotted to the person on the note, the Investors
and you the Buyer (Allocation of Beneficial Interest).
2).
Then an agreement between the shareholders is drawn up which lays out how
the company will be run, who gets what, when and how (Beneficiary Agreement).
3).
The company then rents the house to one of the Shareholders, in this case
you the Resident Shareholder (Residential Beneficiary), a document is drawn
between the Company President (The Trustee) and a Shareholder (you).
This document gives you the right of occupancy (Use and Possession Agreement).
A
Legal Specialty
As
Title Hold Land Trusts are a legal specialty, particularly the Ama-Kya
Trust System (Equity Holding Trust System™), we do ask, respectfully, you
or your lawyer consult with
Teresa
N Smith
Smith
and Habenicht P.C.,
1875
Stone Oak Parkway, Suite 275,
San
Antonio, TX78258,
Phone:
210 495 6540.
For
frequently asked questions, please visit www.Ama-Kya.com/FAQ.
Contact
information
Ama-Kya
Investments, Inc
(A
Texas Corporation)
5720
Wurzbach
San
Antonio, TX
78238
Phone
210 523 9990
Fax
210 520 2400
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