Customer Stories: How Homeowners Used Sell & Stay
Key takeaways
- Both families had been turned away or poorly served by traditional options: high debt-to-income, credit that had taken a hit, or existing loans.
- Both received their funds within 30 days of first engaging with StayFrank.
- Farmersville, TX: just over $95,000 in home equity, used to pay off debt; the family stayed in the home a year before downsizing.
- China Grove, NC: roughly $100,000 in home equity, which stopped a looming foreclosure; the couple stayed in the home two more years.
- Each family worked with one assigned account manager from first call through closing.
Farmersville, Texas: clearing debt before downsizing
The situation. Casey and Amanda’s three children all played sports at the collegiate level. To help with school costs, the couple had taken out a few loans, on top of high-interest auto loans and credit card balances they already carried. They wanted to be more involved in their kids’ athletics, clear their debt, build some savings, and eventually downsize and retire.
Why traditional options didn’t work. With a high debt-to-income ratio, fair-but-not-great credit, and several loans already in their name, another loan wasn’t the answer. Their goals were clear: pay off debt, avoid new loans, improve their credit, build savings, and downsize on their own schedule.
What they did. After about two months of trying traditional routes, they found StayFrank and chose a sale-leaseback, now called Sell & Stay. They worked with one assigned account manager the whole way.
- February 2022: Started looking for a solution
- April 2022: Found StayFrank, received their offer, and signed
- May 2022: Closed and received their funds, within 30 days of first contacting StayFrank
- May 2023: Stayed in the home for a full year before downsizing
The result. With just over $95,000 in home equity, they paid down their debt without taking on a new loan, built a cushion, and had a full year to downsize on their terms while spending more time at their kids’ games.
China Grove, North Carolina: stopping a foreclosure and staying home
The situation. Rob and his wife, a retired couple, lived in a four-bedroom, three-bath home in North Carolina. They relied on Social Security, both of their credit scores had taken a hit, and after taking a HELOC they had fallen behind on mortgage payments. Foreclosure was close.
What they needed. Fast relief, and above all, time: to stay in their home a couple more years, pay off debt, rebuild their credit, and put some savings aside for the next chapter.
What they did. A few weeks into their search, they found StayFrank and chose a sale-leaseback, now Sell & Stay, working with one assigned account manager.
- Mid-March 2022: Started looking for a solution
- April 2022: Found StayFrank, received their offer, and signed
- May 2022: Closed and received their funds, within 30 days of first contacting StayFrank
- May 2024: Stayed in their home for two more years
The result. With roughly $100,000 in home equity, the sale paid off their mortgage and HELOC, which ended the foreclosure threat, and gave them two more years at home to plan what came next.
What other customers say
“I don’t know where I would be if it had not been for the StayFrank program. When everyone was saying no, sorry can’t help, StayFrank said no problem, we got you! Staff is phenomenal! Answered all my questions. Thank you StayFrank.”
“They took the time to explain the process of the business they were offering. They were responsive to the needs of the property. I appreciate the time they took with me.”
“Selling my house was so easy. They are very professional and are with you every step of the way. Highly recommend.”
Could Sell & Stay work for you?
Sell & Stay lets you sell your single-family home at fair market value, get your equity in cash at closing, and rent it back for up to three years, with a buyback price locked in at closing and no minimum credit score. Today it’s available in 15 states, listed on Where StayFrank Operates. For the full picture, read Everything You Need to Know About a Home Sale-Leaseback.
These stories describe transactions from 2022. Every homeowner’s situation is different; amounts and timelines depend on your home, your equity, and current program terms. Program details have been updated since, including the program name (formerly “Cash & Stay”).
Questions about these stories
Are these real StayFrank customers?
Yes. These are StayFrank customers whose stories were first published as case studies. First names only are used.
How fast did they get their money?
Both families received their funds within 30 days of first contacting StayFrank. Most StayFrank programs close in roughly four weeks from initial application.
Did they have to move out right away?
No. The Texas family stayed a year before downsizing, and the North Carolina couple stayed two more years. Sell & Stay leases run up to three years.
Can Sell & Stay help if I’m facing foreclosure?
Often, yes. StayFrank works with homeowners facing foreclosure or behind on payments, and with Sell & Stay your mortgage and any liens are paid off at closing. Reach out as early as possible; the sooner you call, the more options you have.
StayFrank product details above reflect StayFrank’s own program disclosures and are summarized for general education; they are not an offer. This article is not financial, legal, or tax advice.