Payment Method

Basic Principle: 

Please ensure that all payments related to any properties listed on our this website are made to our business bank account name:

WAYPOWER INC

Option 1: One-time cash payment or bank cashier's check no hold;

Process: 

1. We will verify each other's identities and sign the Purchase Agreement in our office.

2. I will sign the Grant Deed on behalf of our company in front of a public notary as soon as our company receives the payment.

3. The buyer takes the signed Grant Deed to the County Assessor Office for the recording.

4. The buyer becomes the property owner.

Option 2: Rent-to-own (no credit check, no income check): At least 7% Non-refundable Option Fee + hundreds/Mon for a few years;

Process: 

1. We will verify each other's identities and sign the Lease Agreement and Option Agreement in our office.

2. The buyer transfers the Option Fee + the 1st month's rent + one-month security deposit to our company.

3. The buyer can start to use the property as the Tenants who are typically viewed as a 'quasi-owner' and responsible for minor repairs and routine maintenance of the property as soon as our company receives the payment.

4. I will sign the Grant Deed on behalf of our company in front of the public notary as soon as our company receives the full payment from the buyer.

5. The buyer takes the signed Grant Deed to the County Assessor Office for the recording.

Option 3: Seller financing (no credit check, no income check) with No Escrow: At least $5000 down payment + hundreds/Mon for a few years;

Process: 

1. We will sign the Contract for Deed in front of the public notary as soon as we receive the down payment.

2. The buyer can start to use the property as the new owner.

3. My company will sign the Grant Deed in front of the public notary as soon as we receive full payment from the buyer.

4. The buyer takes the signed Grant Deed to the County Assessor Office for the recording.

5. The buyer owns the property finally.

Option 4: Seller financing (no credit check, no income check) via Escrow: At least $3000 down payment + hundreds/Mon for a few years:

Buyer Extra Cost in Escrow: The buyers has to pay the Escrow for their part of escrow cost about estimated $3000-$5000.

Process: 

1. As per the Escrow procedure, we will sign the Purchase Agreement through Email.

2. The buyer will wire the down payment and the Escrow fee to the Escrow then start to open Escrow.

3. After about 1-2 months of escrow processing, the County recording will be finished by the Escrow.

4. The buyer can start to pay monthly payments and at the same time use the property as the new owner.

5. After my company receives full payment from the buyer, the Buyer may request or not that our company cooperate with the Escrow to apply to the county for the reconveyance recording. Extra cost will be $100 basic fee plus $100 per extra year from the 2nd year.

6. The buyer owns the property finally.