Well, just because we are a nonprofit doesn't mean our pockets are empty but we can understand the question.  We get donations through a variety of sources but that's not where our housing income comes from. 

By providing sober and clean living housing to a variety of people experiencing housing insecurities, we are helping our community and society as a whole.  There are various programs already set in place who are in need of housing for such people.  We fill that need and work with many organizations such as the Department of Veterans Affairs and the Arizona Department of Child Safety.  We provide safe and secure housing and they pay for the residents to live there. Sometimes, the residents are able to pay to stay themselves. 

Obviously, there's a lot more to it, things like certifications and housing requirements, but the need far outweighs the number we serve.  You can certainly help us with that by selling us your home!

Your loan is secured by real estate in the second position, right after your mortgage company on a Wrap-Around Mortgage. 

Our Performance Deed states that if we miss two payments, on day 70, the deed will automatically convert back to you, the Seller, by way of a Quit Claim or a Deed in Lieu of Foreclosure, saving thousands in legal fees and months of time.  

When the deed transfers, all property, leases, owned businesses, furniture, and improvements to the property are also transferred with it as restitution. The property conveys in the new condition with income, including any tenants intact.  So you keep the money we gave you down, get all the improvements and rents, plus get the house back without a hassle.

A Performance Deed acts as an additional insurance policy to make certain we "perform" as was specified in our contract.  We agree to make full monthly payments to you on time every single month.  If we fail to do so, we are failing to perform. 

Our Performance Deed is set up so that if we fail to perform, you will not have to foreclose on us.  Instead, a signed Deed in Lieu of Foreclosure will be signed at closing and held in an escrow account by our servicing mortgage company, West Star.  Missing two payments triggers the Performance Deed and they will mail you the Deed.  No fuss.  No mess.  You will own the property again and all the improvements and assets inside, not including the renter's assets, of course.

Just like any mortgage company, the Borrower (Us) pays the Lender (You) through the mortgage company.  We pay West Star on time and in full every month and they, in turn, pay you through direct deposit which you set up.  The money arrives automatically in your bank account (or IRA or wherever) on time, every time.

While that's an understandable concern, it's highly unlikely that would happen.  But let's just say we fell off the face of the earth and stopped paying you.  We use a Performance Deed to protect our Lenders and after two months of non-payment (us failing to perform), a pre-signed Deed in Lieu of Foreclosure would be sent out to you. 

There would be no need for the expensive and lengthy process of foreclosure.  You would own the house with all its improvements and the tenants inside.  However, we have way too much to lose to ever miss a payment.  People with no place to go depend on us every day.  We can't and won't let them down.

We use West Star Mortgage Company to service our loans and Mickey's House Foundation pays all the fees.  We have a real mortgage with you and we treat it as such.

Remember, a mortgage is an ASSET to the Lender and assets can be sold.  As a matter of fact, most mortgages are sold by the companies that create them within the first few months.  Why?  Because it's lucrative and they make a lot of money.  You will be able to sell your mortgage at any time, too. 

Also, we are easy to work with as a Christian organization.  We want you to be happy and value your testimony in regard to our integrity.  We have a list of investors who would love to buy your note.  We use investors to purchase properties and rehab homes with a costly number of repairs every day.  Call us anytime and we will help you find someone to take over your asset if you need to.