NO UP FRONT FEES
MAKING HOME AFFORDABLE (The Obama Plan)
(HAMP-the Home Affordable Modification Program & HARP-the Home Affordable Refinance Program)
LOAN MODIFICATIONS
&
organizations like Homeowner's HOPE™ Hotline & NACA
These are all capable programs, but they are overwhelmed. Are they resolving the Mortgage Problems Of Today?
No; Not Completely.
The weight of this problem leaves Home Owners in dire need of help. The massive number of homeowners needing help, have the banks overwhelmed. The workers at the banks are untrained; they are not the financial professionals that you might think; most are just overworked clerks looking at a computer screen when you call in to "the collection department", which the banks have renamed, "the Loss Mitigation Department" or "the Foreclosure Help Department". You think the banks are going to help you, but they are overwhelmed. They gather information from you, put you on their "3 month trial period plan", take your trial plan payments and after 3 to 5 months they tell you that you don't qualify. You inquire "WHY, Why don't I qualify after all this time". Then they tell you "well reapply", and they do it all over again. They are overwhelmed.
Banks have a Cash Flow Problem
Home Mortgage Reset has a Cash Flow Solution
The BANKS Solution:
Foreclosure & Trustee Sales Leading to Millions forced into Homelessness creating essentially refugees in America.
The Home Mortgage Reset Solution:
Home Mortgage Reset keeps Home Owners in Their Home Using Our Proprietary Leverage Strategy Resulting in Economic Stimulus for the entire nation WITHOUT causing Homelessness.
We help the Banks in ways that the bank cannot help itself, but we do it in a way that honors the human dignity of all and restores the homeowners confidence and control of their home; keeping the American Dream of Home Ownership alive, while keeping one family at a time in their home.
After all, We All want the same thing out of life,
“To Live Happily Ever After”
What is the Value of HOPE in the America of today?
Home Mortgage Reset, is a Re-Fresh for the Home Owner with:
Ø A TRUE PRINCIPAL REDUCTION
Ø AN AFFORDABLE MONTHLY PAYMENT
Ø PROPERTY TAX REDUCTION
Ø TO QUALIFY(You must only show the Ability To Pay )
Ø and best of all FORECLOSURE AVOIDANCE
“How Does the program Work?”
Essentially, Private Investors will purchase your Note from your Investor/Lender. They Re-write for all homeowners a New Mortgage based on the Present Market Value of your property. This with Zero Credit affords You the opportunity to keep your home, avoid domestic displacement and bring some closure to your foreclosure situation!
Here is an example of the principal reduction:
Ø Present Loan(s) against the property = $525,000.00
Ø Present Value of the property = $300.000.00
Ø Home Mortgage Reset New Loan = $300,000.00
Ø Principal Reduction = $225,000.00
Benefit to the Homeowner:
Ø Principal Reduction = $225,500.00
Ø Lower Monthly Housing Obligation
Ø Fixed Rate Loan on Present Market Value
Ø Decrease in Property Taxes
Ø You keep your HOME
Where do the Loan Dollars come from?
Private Money allows flexibility and protection from most Federal and Public Financial
Institution restrictions, but still falls within Federal protections such as Regulation Z the TILA,
RESPA, HMDA and so on, with all transactions opened and closed via an escrow company
and insured by a land title company.
A 20% - 35% IRR (Internal Rate of Return) from 65% to 75% of current market value secured
by Real Property, brings millions in Private Money Funding, resulting in a net discount
(principal reduction for the homeowner) of 40-50% of the current loan balance held by
the existing Lender; turning a Non-Performing Asset into a Performing Asset, at market value.
Using Credit Report Debt and PITI payment on the new loan, Income
Ratios are 40% DTI (Debt-to-Income).
Past or Current NOD
NOS, Foreclosures and Bankruptcy
are all OK
Home Mortgage Reset delivers a True Principal, Payment, & Tax Reduction
For more information or to get started
Call Arthur L. Bonner, Jr.
Cell: 310-386-1313
Or email:
arthur@mortgagefixers.com
calhomesandestates@earthlink.net
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