|
Nuts and Bolts of the Mortgage Amelioration Program
(We now offer a possible nationwide alternative to this program which can be found at:
Owe to much and need relief?
)
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:
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:
-
Full mortgage review and amelioration
-
New payment can be as much as 50% less
-
Will now owe the current market value, perhaps even less
-
Get principal buy down, dollar for dollar
-
If we sell it via the Mortgage Amelioration, you may get cash back
We work with all types of real 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:
-
Fill all the forms that will be sent to you
-
Be prepared to do some of the leg work
-
Follow the instructions given to the 'tee'
-
Keep possession of the property by occupancy, if possible
-
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.)
|
