| Loss Mitigation Consultation Form |
| EXCLUSIVE PREMIUM FORECLOSURE PREVENTION PROGRAM This program has been legally researched, prepared and supported by legal counsel. |
| Option 1 Foreclosure Prevention & Loss Mitigation With this option we will work directly with your lender's Loss Mitigation Department to stop the auction and prevent the foreclosure. This process can be time consuming so it is very important to be prompt when sending in necessary documentation. We have third party financial resources in place to assist us when helping you if you choose this option. This program is not credit driven. There is no qualifying criteria for this option. Your property will have to be evaluated and appraised to determine actual value. Market conditions will also play a factor in completing this process. Again, if you choose this option you must be proactive and prompt. Time plays a big role in preventing foreclosure. |
| Our Foreclosure Prevention Program is very unique. We offer full service from the start to finish. Our services extend pass the point of actually saving your home from Foreclosure and that in itself is a significant difference that makes our program an Exclusive Premium Service product for those who qualify. Not only do we offer you very effective options, but we have third party resources that we incorporated into our system that will allow you to not only finish our program successfully, but will help you setup financial safe guards that will prevent you from relapsing into financial despair in the future. Our main objective is to prevent your home from going to auction. Our representatives are well trained by mortgage professionals who have many years experience in the real estate and mortgage industry. Our program has been researched and structured by legal counsel. We give you full disclosure with no surprises and everything is in writing for you or your attorney to review. Please take the time to read everything and follow instructions to see if you qualify for assistance. Also take time to review the options below. The form below is very extensive and more detailed from most sites you may have visited,but the more information we have in regards to your situation the better equipped we will be. |
| Option 2 Mortgage Relief This product is provided by a third party service provider. Basically, this is a short term loan that does not have to be paid back right away. To qualify for this product you must show that 35% of your income is free from debt. The funds are sent directly to your lender to cover your past due payments only. You also must show the ability to cover your existing mortgage payments. Qualification for this product is very basic and simple. However the short term loan is limited in the amount provided.. Qualification is not guaranteed. |
| Option 3 Deed in Lieu This program is very basic, but the objective is still the same... Avoid Foreclosure. This program is designed for those who may not have been in the house for a long period of time. When equity is depleted or the value is equal to the principal balance this may be the route to go. Our specialist will do a full market analysis. The upside to this option is that it allows you to start fresh immediately. Even take a different, and more economical approach to being a property owner. With our resources we can help you become a property owner again very quickly. |
| Option 4 Assignment of Mortgage Assignment of Mortgage is not by no means easy to do. This program requires heavy negotiating with your lender. The window of opportunity for this option rarely opens, but when it does you have to move quick. There are no second chances to execute twice. Objective: show and prove to the mortgage holder that someone more responsible than the current owner, is willing to step up to the plate and take the reigns and responsibility of paying that Note. Of course that person being credit worthy is very important. This option was available years ago, but rarely used today. |
| Option 5 Mortgage Modification This is basically restructuring your loan terms to get you caught up. In most cases your monthly payment may increase, but the past due payments can be stretch out over a period of time. Once you default, your interest rate may also increase, but we can work with your lender on your behalf to structure this. The critical element for this option is having funds available to initiate it. Your lender may request that you send in 1/2 of the past due amount. Keep in mind that every lender is different. |
| Option 6 Quick Sell plain and simple... if all else fails, just sell. We can make arrangements for you to sell quickly, payoff debt and avoid foreclosure. |
| Option 7 FHASecure Refinance To qualify for FHASecure, eligible homeowners must meet the following five criteria:
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| Real Estate Secure and Loss Mitigation Specialists |
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