Using Legal Solutions to help grow your business
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Transcript of Using Legal Solutions to help grow your business
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How We Can Help You
‣ Foreclosure Defense
‣ Full/Partial
‣ Asset Protection
‣ Bankruptcy
‣ Deficiency
Settlement
How You Can Help Us
‣ HHF
‣ Debt Settlement
‣ Loan Modification
‣ Foreclosure Defense
‣ Hardest Hit Fund
‣ Credit Restoration
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Must respond to summons within 20 days
RMFM program
HOA foreclosure
Last days prior to sale date
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Promissory Note
Strategic Default
More funds up front = bargaining power
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Chapter 7
‣ Wipeout all debt except for student loans, child support and IRS
‣ Cannot save home
‣ Stop foreclosure sale
Chapter 13
‣ Can save your home
‣ Must pay back a percentage of unsecured debt over 3-5 years
‣ May be able to cram down 2nd mortgage
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Build relationships
Can be used as a tool for the realtor
Asset protection/deficiency balance negotiation
3rd party neutral recommendation
Buyer representative services available
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The US Treasury created the “Housing Finance Agency Innovation Fund for the Hardest-Hit housing Markets”
More than One Billion Dollar$ was awarded to the state of Florida
The funds were allocated due to excessive housing market depreciation and to assist in foreclosure prevention efforts
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Unemployment Mortgage Assistance Program (UMAP)
(with a cap of $12,000)
Mortgage Loan Reinstatement Payment (MLRP) Program
(up to $6,000)
The Law Office of Paul A. Krasker, P.A. was an assigned Agency Advisor by the Florida Housing Coalition in April, 2011
Since the assignment of our Agency, we’ve advised over 1500 homeowners
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How do the Homeowners find our Agency?
Community outreach
What is our function?
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‣ What is the purpose of each service?
Credit Restoration Short Term
Debt Settlement Long Term
‣ When should you refer a client?
Benefits of each service
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HAMP
Traditional/In-House
RMFM Program
Settlement options on 2nd mortgage
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Stay In your home
Restructure loan rate
Restructure loan principal
Short Sale
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How we can help you
How you can help us
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Use the Homeowner Hotline:
877-332-1965
Free Consultations
We track your referrals
Thank you for joining us today