If you are in a default (unable to pay back your mortgage),you are in a vulnerable state monetarily and emotionally. There are many "investment companies" out there that aren't investment companies at all, but individuals attempting to steal your property. One such scam is a buy back or (lease back). A buy back is where an "investment company" convinces the homeowner to deed the property over to them, then turns around and leases it back to the homeowner with an option to buy. The "investment company" now owns the property,and the homeowner is still responsible for the unpaid mortgage. The "investment company" then negotiates privately with the lender (the bank) so it can pay back the mortgage at a large discount. They will then sell the property at a profit, while the homeowner receives no compensation and potentially loses their home.