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About Us:
Creative Property Solutions, Inc. is a full-service real estate company based in Murray, Kentucky. We are a Christian owned and operated company and our business is based on the principles of honesty, fairness, and compassion taught by Jesus Christ. We want to make a difference in the lives of people in which we come in contact with. Our vision is to treat each and every person with fairness, honesty, trust and most of all integrity.
We buy, renovate, rent and sell residential properties, from single-family homes to larger multi-unit apartment complexes. We seek undervalued properties or uniquely situated property owners that offer the opportunity to create value and help people.
We solve people's real estate challenges – from pending foreclosure to problem properties -- using creative approaches and advanced financing techniques. Call us today and let our team help you with your property challenges.
(270) 761-HOME
Meet the CPS team:
President Greg Taylor with wife, Kristin and daughter, Cate
Vice President Gary Taylor with wife, Peggy
HOW WE CAN HELP YOU STOP FORECLOSURE
Is a lender preparing to foreclose on your home and destroy your credit for the next seven years?
Call now for a free consultation to see if we can help you keep your home and avoid foreclosure. There are many solutions available -- you do have choices! Your options include the following:
• Forbearance Agreement - Lenders are willing in some instances to set up a payment plan for back payments owed on your mortgage. If this is the case for you, we will set up that plan for you.
• Equity Sharing Program - If you have equity in your home, CPS will work with you to bring your payments current and sell your home, thereby saving your credit.
• Short Sale Program - Often people find that what is owed on their property is greater than the amount for which it can be sold. If this happens to you, we will work with your lender to take less than what is owed to pay off the property.
• If you decide to sell, CPS has access to a group of investors willing to buy your house fast to keep the foreclosure off of your record. Such a sale can free you from the burden of facing a foreclosure. In some instances, because we often have several homes available for sale, we can help you sell your house and help you buy another home immediately.
The best advice we can give you is ACT NOW! Many people facing foreclosure simply do nothing and hope for a miracle. Don't fall into that trap! The longer you wait, the more difficult it is to save your home and your credit.
Some homeowners seek advice from a lawyer and file for bankruptcy thinking that will solve all their problems. In most cases, bankruptcy only delays the foreclosure by a few months at best. The end result is almost always the property still goes to auction and you now have a bankruptcy in addition to the foreclosure on your credit report -- both of which can make it hard for you to get credit for a car or another home for seven to ten years.
In some cases, the best thing for a homeowner to do when in foreclosure (assuming the homeowner's loss of income is not temporary), is to SELL THE PROPERTY! By selling, you will avoid having a foreclosure and possibly a bankruptcy on your credit report. You can now get on with your life!
If Equity Sharing is your best option, we can bring your payments current and even give you equity back out of your home. Also, because we have a constant inventory of houses, we can often help you move into another home with a fresh start. We can even help in most situations where there is no equity in the house through our Short Sale program.
I'm sure you have been contacted by other investors, especially if the foreclosure has gone public. Unlike other investors, we will not try to take advantage of your unfortunate situation. We simply figure out a mutually beneficial solution so you can move on with your life! You don't have to give away the equity that you worked so hard to earn.
If your house payments are more than a month or two behind, your lender has probably already started foreclosure proceedings. As time passes, thousands of dollars in penalties and legal fees can be added to the balance you owe. And every single day extra interest is added! The longer you wait, the harder it is for us to help you. To avoid this you must act quickly.
CALL TODAY for a no obligation consultation on how we can help you get cash out of your house and save your credit before it is too late.
Areas of Expertise
HOW WE CAN HELP YOU STOP FORECLOSURE
Is a lender preparing to foreclose on your home and destroy your credit for the next seven years?
Call now for a free consultation to see if we can help you keep your home and avoid foreclosure. There are many solutions available -- you do have choices! Your options include the following:
• Forbearance Agreement - Lenders are willing in some instances to set up a payment plan for back payments owed on your mortgage. If this is the case for you, we will set up that plan for you.
• Equity Sharing Program - If you have equity in your home, CPS will work with you to bring your payments current and sell your home, thereby saving your credit.
• Short Sale Program - Often people find that what is owed on their property is greater than the amount for which it can be sold. If this happens to you, we will work with your lender to take less than what is owed to pay off the property.
• If you decide to sell, CPS has access to a group of investors willing to buy your house fast to keep the foreclosure off of your record. Such a sale can free you from the burden of facing a foreclosure. In some instances, because we often have several homes available for sale, we can help you sell your house and help you buy another home immediately.
The best advice we can give you is ACT NOW! Many people facing foreclosure simply do nothing and hope for a miracle. Don't fall into that trap! The longer you wait, the more difficult it is to save your home and your credit.
Some homeowners seek advice from a lawyer and file for bankruptcy thinking that will solve all their problems. In most cases, bankruptcy only delays the foreclosure by a few months at best. The end result is almost always the property still goes to auction and you now have a bankruptcy in addition to the foreclosure on your credit report -- both of which can make it hard for you to get credit for a car or another home for seven to ten years.
In some cases, the best thing for a homeowner to do when in foreclosure (assuming the homeowner's loss of income is not temporary), is to SELL THE PROPERTY! By selling, you will avoid having a foreclosure and possibly a bankruptcy on your credit report. You can now get on with your life!
If Equity Sharing is your best option, we can bring your payments current and even give you equity back out of your home. Also, because we have a constant inventory of houses, we can often help you move into another home with a fresh start. We can even help in most situations where there is no equity in the house through our Short Sale program.
I'm sure you have been contacted by other investors, especially if the foreclosure has gone public. Unlike other investors, we will not try to take advantage of your unfortunate situation. We simply figure out a mutually beneficial solution so you can move on with your life! You don't have to give away the equity that you worked so hard to earn.
If your house payments are more than a month or two behind, your lender has probably already started foreclosure proceedings. As time passes, thousands of dollars in penalties and legal fees can be added to the balance you owe. And every single day extra interest is added! The longer you wait, the harder it is for us to help you. To avoid this you must act quickly.
CALL TODAY for a no obligation consultation on how we can help you get cash out of your house and save your credit before it is too late.
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Stop Renting - Own Now!
Are you currently renting but would rather OWN YOUR OWN HOME?
CPS has several different options that will allow you to do just that. With our owner-financing or rent-to-own programs, you can build your credit and build equity in your own home WITHOUT having to qualify at a bank.
THE OWNER-FINANCING PROGRAM
Owner-Financing Basics
Owner-financing is simply where you buy the property from us under a
private contract and we act as a financial institution, just like a bank. If you have a
10% to 15% down payment, you can get the property without going through the
traditional qualifying and loan approval process.
We will give you a residential lease with the option to purchase the property at a
specified price at any time during the lease period. Each payment you make will
reduce the principle which you owe us, just like a standard mortgage amortized
over 15 or 30 years. However, unlike banks we are not in business of providing permanent financing, so we can finance you only for a short term, to help you jump from renting into home-ownership.
Any payment quotes we make would be based on a 30 year amortization schedule,
but Owner Financing arrangement would be for 1-5 years. At the end of that term
you will have to obtain a replacement loan from a traditional lender. And again at
that point you would go for a "refinancing" loan, which should be easier & less
costly to get than a "new purchase" loan, assuming you kept your credit straight
and made payments on time.
Frequently Asked Questions:
1. Where do I make my payments? Make all checks out to CPS, Inc. and mail all
payments to P.O. Box 1327, Murray, KY 42071.
2. What closing costs, fees and points should I expect to pay? CPS, Inc. charges a loan processing fee of $100.00, a document preparation fee of $150.00, a credit check fee of $20.00, and an origination fee of 1% of the loan value for handling the owner-financing transaction. However, all owner-financing fees are wrapped into your loan, so the only out-of-pocket money you will need to pay will be the down payment. Also, you will need to pay for the 1st year insurance premium to have the home insured against damages. As you can see your total closing costs are a few hundred dollars, so you're not wasting thousands of dollars like in a traditional purchase.
3. Is there a prepayment penalty? No, you may pay this loan off at any time with
no penalty.
4. What interest rate will I be charged? Depending on your credit score and other
indicators of creditworthiness, CPS will charge from 4.5% to 8.5% above prime
rate. With prime rate at 7.75%, the rates would be between 12.25% and 16.25%.
5. What if I have 15% or more to put down? With a higher down payment we can
finance you at lower interest rates.
6. What if I don't have 10% down payment? Our minimum down payment is
10%, but if you have other collateral we will work with you to help you become a
home-owner.
7. How quickly can I get approved and move into the house? Typically within 2-3 business days.
8. Do you do a credit check and what happens if I have a bankruptcy or other
credit problems? Yes, credit check is done in most cases. But things like
bankruptcies, collections, being turned down for a bank loan or other credit
problems are no concern to us in regard to getting you in one of our homes. We
want to be familiar with your credit issues so we can better guide you to repairing
your credit.
If your credit is extremely bad, you can still get approved but we may require you to
pay a slightly larger down payment.
9. What happens if I don’t qualify for a bank loan at the end of the term?
If, during the term of the agreement, you were late on your payments, or other
credit accounts, if you incurred additional debt, or jeopardized your loan in some
other way, you were not making a serious effort to get ready for the purchase.
Therefore, we won't give you a second chance.
If, however, you were on time and did everything you could, but still could not get
financing, we will give you another opportunity. The price and terms may change,
but we won't force you to move out.
THE RENT-TO-OWN PROGRAM
Our Rent-To-Own Program can help you own your own home in ONLY 12-24 months. When Banks & Mortgage Companies say NO, we say YES! Here’s how to Tell Your Landlord Goodbye!
| Step 1 |
$550.00 |
Monthly Lease |
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$2,750.00 |
5% Option Fee (Non-Refundable) only guarantees the price of the house during the 12-24 month lease. |
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$3,300.00 |
Amount needed to move in. The Option Fee becomes your down payment if you purchase the home. This 5% Option Fee is WAY LESS than the 20% DOWN required by Banks & Mortgage Companies |
| Step 2 |
Lease, by making 12-24 monthly on-time lease payments. This will establish your credit, or clean up any credit issues that you may have. These payments must be timely and consistent for the program to work.
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| Step 3 |
At the end of 12-24 months we will help you arrange financing through a Financial Lending Institution (Bank or Mortgage Company). They will finance your loan with proof of on-time payments.
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| Step 4 |
Now, you’re able to purchase YOUR home.
Example: $90,000.00 Purchase Price
- $4,500.00 Option Fee (Becomes your Down Payment)
$85,500.00 Balance Financed
*If you follow through and purchase the home, your Option Fee becomes your down payment.
*Upon Refinancing your monthly payments should decrease
*Option Fee is non-refundable and is forfeited if the home is not purchased.
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Looking for a Rental?
© 2007 Creative Property Solutions, Inc. All Rights Reserved.
Web services provided by Kentucky Lake Productions, LLC.
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Testimonials
TESTIMONIALS
See what other people in your situation have to say about CPS:
"We were facing foreclosure and CPS kept us from losing our home of 16 years. We would recommend CPS to anyone in our situation."
Paul and Elaine from Murray, Kentucky, April 17, 2007
"I was having health problems, money problems, and my husband had been out of work 4 times in the last 10 years. CPS really helped me. They made my house problems go away and now my name is clear. They made it possible for me to get back on my feet. I would positively recommend them. They were a blessing to me."
Debbie from Murray, Kentucky, April 26, 2007
"I was off of work under the Family Medical Leave Act, and I certainly appreciated the disability check I was receiving. However, it did not cover all my bills. I became grossly behind on my house payment to the point of foreclosure.
Greg Taylor of CPS was very polite and easy to contact. He was happy and eager to help me. He went to great lengths to try to purchase my house on such short notice, and by the grace of God I was given a second financial chance and was able to keep my home.
I would always recommend CPS to anyone who wants to sell their house, whether they're in foreclosure or not!"
Donna from Paris, TN, May 31, 2007
"We had been trying to sell our house for about a year, and we were falling behind on our mortgage payments. CPS purchased our house from the bank, and within 1.5 months we were out of a bad situation. Anyone who is having trouble selling their house I would definitely recommend contact CPS."
C.J. and Melissa from Murray, Kentucky, February 8, 2008
"I was hospitalized about 2 years ago. My credit was ruined and I couldn't pay all of my bills. I was about to lose my house to foreclosure. CPS bought my home, helped me get back on my feet with the money and helped to fix my credit. Thanks CPS!"
Daniel from Paducah, Kentucky, February 11, 2008
"We were given the run around by Crown Mortgage and had gotten behind on everything. We were trying to start our company and could not because of a bad cash flow problem, caused by trusting the wrong people. CPS helped us solve our problems by getting us the money we needed. We got our trucking company started and now things are looking up.
I would recommend anyone call CPS. Greg comes from a kind, caring, loving family. All the Taylors' word is their bond. I know that Greg's grandfather Tommye is the greatest man I know. I think if you needed a shirt he would give you the shirt off his back and I know Greg is the same."
Danny and Teresa from Murray, Kentucky, September 2007
"We were behind on our payments and we couldn't seem to stay caught up to to where our payments were current. We had no way to save for any kind of emergency. There were home repairs that we needed doing that we could not afford.
CPS helped us solve our problems. The got our home listed with a realtor and contacted our mortgage company and made all the arrangements. All we had to do was sign at closing when the house sold.
We would very much recommend CPS. They made it easy for us and took a load of stress and worry away. Thank You CPS!"
Mac and Emily from Murray, KY, February 26, 2008
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Greg Taylor - Investor/Attorney Serving Western KY and Calloway County
