Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help...
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![Page 1: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/1.jpg)
![Page 2: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/2.jpg)
Homeowners and Banks are in Trouble -
Opportunity to Save Money.
• Want to keep their homes.
• Need help to negotiate affordable mortgage terms.
• Millions of homeowners in trouble, losing their homes
![Page 3: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/3.jpg)
What is Loan Modification?
• Terms of the loan changed to make it easier to pay
• Lower the interest rate
• Stretch out the term (number of payments)
• Forgive penalties/late fees
• Reduce the mortgage balance
Easier to Pay
![Page 4: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/4.jpg)
What Loans Qualify?
• Personal residence or rental property
• Loans that are behind or current
• Loan in foreclosure or not yet in foreclosure
• Owe more than your home is worth
![Page 5: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/5.jpg)
Do You Qualify?
• Credit does not matter
• Ability to make a payment matters
• Struggling to make payments is the key
NO CREDIT CHECK
![Page 6: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/6.jpg)
What Loans Qualify?
• ARMs (adjustable rate mortgages)
• Option/Pic a Payment
• First, second or third mortgages
• Loans with legal errors/violations
ALL LOANS
![Page 7: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/7.jpg)
Rate Change
• After Modification -
• Rate now 5.25% = $552.20/month
• Saves $306.95/month!
• 9.75%, $100,000/ 30 Years. $859.15/month
Saves $3,683 each year
![Page 8: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/8.jpg)
Invest $3,850 to make:
•$3,683.00 over 1 year.
•$36,830.00 over 10 years.
•$110,490.00 over 30 years!
![Page 9: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/9.jpg)
LJ.
• Owed $170,000, could not pay!
• Frustrated with the bank and turned to us for help
• We got the bank to reduce the mortgage by $37,000 -
• “No payments, no interest” for 50 Years!
WOW!
![Page 10: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/10.jpg)
Laura J modification
• Original Payments $1,087 new payment $732 Savings $355/month
• $37,501.81 no interest no principle balloon due 10/2059
![Page 11: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/11.jpg)
Adam B
• Investment property
• Payment cut from $1,472 to $724 per month
• Interest rate cut from 7.25% to 3.99%
![Page 12: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/12.jpg)
Thom F
• Payment dropped from $4,400 per month to $3,400 per month
![Page 13: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/13.jpg)
Benefits
• Cut your interest rate? Some as low as 2%!
• SAVE THOUSANDS EVERY YEAR
• Extend the loan term? SAVE $ EVERY MONTH
• Payment moratorium, forebearance
Save Thousands!
![Page 14: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/14.jpg)
Mortgage Elimination
• We can eliminate second and third mortgages
• Don’t have to file bankruptcy
• Settle for 10% or less of the balance!
• No foreclosure, keep your home
Legal Magic
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Sue the Bank
• Banks are afraid of litigation
• When they won’t cooperate we twist their arm
• They don’t want to be sued
• They want to keep their jobs and bank’s money
Don’t Get Mad...Get Even!
![Page 16: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/16.jpg)
Terrify the Banker• Bank misallocated loan funds
• Stubbornly refused to fix the error
• $1,000,000 mistake turned into a judgment
•$360,000,000Our Network Attorney...
Our Knockout Punch!
![Page 17: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/17.jpg)
Put the Power of the Law On Your Side
• We know how the bankers think
• We see proposals from the bank every day
• We know what we should get for you
• We are with you, You are not alone
• We save you big money
We work for YOU!
![Page 18: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/18.jpg)
We’ll Review Your Situation - Free!
• A No Charge, No Obligation Evaluation
• We’ll let you know if we think we can help
• This is a limited time offer through 10/31/2009
We’d like to help YOU
![Page 19: Homeowners and Banks are in Trouble - Opportunity to Save Money. Want to keep their homes. Need help to negotiate affordable mortgage terms. Millions.](https://reader035.fdocuments.in/reader035/viewer/2022062618/551408b6550346ec488b4ca7/html5/thumbnails/19.jpg)
How to Get Our Help
• Fill in the form and hand it in
• One of our attorneys will contact you depending upon which state the property is in
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Reasonable Cost
• There are lawyers charging $12,000 and more!
• We want to help as many as possible
• No additional charges or fees, even two mortgages!
• Only $3,850
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Do this now• The programs will not last forever
• We know that banks are motivated to help now, they are over-whelmed and you need a plan
• You need a professional
• You need a course of action
DO THIS NOW
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CLOSING SLIDE
• 60% of the modifications according to the US Comptroller of the Banks end up back in default.
• Don’t be a statistic, use a law firm to get you the best possible deal.