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I Owe More Than My Home Is Worth!
(We now offer a possible nationwide alternative to this program which can be found at:
Owe to much and need relief?
)
Now what can I do? Foreclosure? Short sale? Loan modification? All are options to
consider, but what about a loan amelioration? Get your loan reset to as little as 90% of the current value. Remember, the choice is
always yours!
Mortgage Amelioration Program
ameliorate
(uh-mee-lee-uh-reyt), vb - to make or become better; improve
Amelioration
(uh-mee-lee-uh-rey-shuhn), noun - something that ameliorates; an
improvement.
Mortgage Amelioration Program
- your mortgage (loan) is made or becomes better, an improvement over your current condition.
Please know with certainty that we will exert our best effort in seeking to
ameliorate the conditions under which you presently find your self:
You have many options if you owe more than your house worth. Not all of the options
available to you are good and you may be surprised at the good ones.
Some of the options available are:
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Short sale your home
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Let the bank have it (foreclosure)
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Deed in lieu of foreclosure (simply give it to the bank)
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If you can afford it, sit it out until the market recovers
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Attempt a loan modification
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Lease it to someone else and hope the buy it some day (while you pay the difference to the bank)
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Work a mortgage settlement with the bank (difficult, but quite possible)
*** or ***
Simply let us do the Mortgage Amelioration Program. You keep the home, if you wish, paying a lot less then you are paying now or, since we own the lien,
we can take an unwanted property off your hands. It will show
"paid in full"
on your credit report.
The Choice is always yours!
The fundamental principal under which we work is the "educated supposition" that
many, many of the real estate loans created in the last twenty-five years or so were, at least in part, predatory in nature and fraught
with myriad of blatant illegalities, errors and omissions in their construction and execution.
We find as well that many of the documents (which purport to secure these alleged loans
with ownership in your real estate) have been lost or destroyed.
During the examination phase of the Mortgage Amelioration Program, we generally discover
that no "loan" was actually made by the originating lender. We find instead that your signature and supposed obligation to pay was in
fact sold for a large profit well before your "loan" documents were presented to you.
Since the mortgage inception, your alleged mortgage was most likely sold and re-sold
several times, then fractionalized into small increments and used to securitize international stock market purchases (mostly by foreign
investors, who, at the time, had an exaggerated faith in US real estate, but who long since have
accepted their losses
in the stock market).
The Mortgage Amelioration Program takes about 6-12 months from inception to completion.
During the review process, if discovered, the loan cannot be ameliorated, all fees paid are refunded.
Once the Mortgage Amelioration Program has completed the mortgage settlement, a new
lien of about 90% current appraised value will be placed on the property.
If you are retaining your home, you will be asked to acquire new financing around 50% of the new appraised value.
We carry the balance interest free for 3 to 5 years.
If you are attempting to short sale your property (sell for less than is owed), the Mortgage
Amelioration program may be the best way to go.
You will not have to worry about being sued by the bank for the difference between what you owe and
what it sold for (deficiency judgment), you will not have the tax liability that comes with a short sale, and your credit will not be
severely tarnished.
When the process is complete, we will sell the home and you could to get up to
10% of the home's value.
You get nothing with a short sale.
What we do for you:
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Full mortgage review and amelioration
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New payment can be as much as 50% less
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Will now owe the current market value, perhaps even less
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Get principal buy down, dollar for dollar
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If we sell it via the Mortgage Amelioration, you may get cash back
We work with all types of estate: residential, multi-units, apartments, retail, office,
land development; just about any property where you owe more than the property is worth.
What you need to do:
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Fill all the forms that will be sent to you
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Be prepared to do some of the leg work
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Follow the instructions given to the 'tee'
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Keep possession of the property by occupancy, if possible
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Pay the refundable fee of $7,995, should you decide to pursue this (Note, if we are
acquiring the property through this process from you, the fee is waived)
When you fill out the form below, you will be sent an introductory letter via E-Mail, along with 2
attachments explaining the process in detail. This way you can make an education decision.
Note, the E-mail will contain my contact information.
(There will be a total of 2 attachments sent, please respond back of you do not get all of them.)
(Allow 24-48 hours for a response. This is not an auto response, I will personally send you the emails.)
Other things to consider when you owe more the your home is worth.
If you can afford to sit out the down turn the please do it, that is the best method. The real estate values, despite the doomsayers, has
always return and exceeded the current value. In time your home will be worth more than you owe.
Whatever you do, do your best not to let it go to foreclosure. The damage to your credit will take years to recover. But, if you
happen to be foreclosed on, all is not lost. Through the Equity Holding Trust Transfer program, you can still get all the benefits of homeowners, even though the foreclosure ruined your
credit. And you may be eligible in the next tax year to
recover abandon funds from the foreclosure
. You can use that to buy your next home.
If you are forced to short sale your home by the actions of the foreclosure, you may still
be able to recover abandoned funds. We can show you how to find out. You should wait until the end of
January of the following year to be sure all the tax documents have been filed by the lender.
A deed in lieu of foreclosure is better than a foreclosure, but it still will
severely damage your credit. A deed in lieu of foreclosure is where you simply give the deed to the bank and walk
away. There is a much better option than that in the Mortgage Amelioration Program.
You can lease the property with the
option to buy
later. But if it is not done correctly, you can end up with more headaches than you bargain for. With an over encumbered property, you will need
to make up the difference in what you can lease it for and what the lessee will pay. There are many, may issue that can come up with leasing with the option to buy later.
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