Employer-guaranteed sale

As an additional incentive for a proposed transfer or relocation, some companies and employers may guarantee the sale of the employee’s current home. Often, the employer will simply guarantee to purchase the property, and resell it later.
If an employer has guaranteed to purchase the applicant’s current residence as part of a transfer or relocation, the existing mortgage loan on that residence is not treated as long-term liability. The applicant can obtain a new mortgage loan without having to bother with the sale of his or her current home.
As usual, however, there are always conditions:
1. The employer’s responsibility to purchase the property is clearly defined and documented.
2. The borrower’s financial responsibility for the property is clearly short-term.
3. It is readily apparent that the employer has the financial capacity to honor the guarantee.