Preston Ely Real Estate Empire

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Thursday, January 28, 2010

Foreclosure Help Hotline for all 50 states

Join us on our weekly on our Foreclosure Hotline to obtain an answer to all your foreclosure questions
Every Saturday@10am EST FREE (605) 475-4825 Participant Access Code: 497311#
Please call Lee 678.532.7028 or email hipharambee.inc@gmail.com
in advance to reserve your spot on the conference call

Wednesday, January 27, 2010

Mortgage Restructuring System VS. Loan Modification

In today's credit crisis, many of us feel as though we might lose the American Dream, home ownership. We might be forced to sell our home or without doubt lose our home to foreclosure.
Now Loan Modification are a great tool to help homeowners out. A loan modification provides a financial solution worked out between the homeowner and the current investor. But Loan modifications are difficult to achieve. You see at the end of the day, most homeowners will never be able to communicate with the end investor. So most homeowners will stress day and night for months only to find out that they will still be denied a loan modification. Even if they do approve you for that 3.5% interest rate, you will still owe all of that negative loan balance. What do homeowners do when they have nowhere else to turn?
Fortunately for today's homeowners, we have the program available to overcome all of those obstacles.
The Bedrock to our entire program is who we approach. Most homeowners have approached loss mitigation, customer service, or collections in hopes to achieve a solution to their financial hardships.
As you have all probably experienced, nothing ever gets achieved by speaking with these departments, because they never communicate so nothing ever gets done properly.
We differ in the fact that we approach Wealth/Asset Management. This allows The Motion Group’s, Hedge Fund Partners to package up notes to make a note acquisition at a very reasonable price.
Once the notes are secured, we will refinance the note to the homeowner at 90% of current market value. Without any repercussions. So you will get all of the negative equity reduce, receive 10% instant equity, a lower monthly payment and a 30 year fixed rate mortgage. The best part is, you will be considered regardless of you credit.
Lee
888.349.6030 ext.110
The M Group inc
http://www.themotiongroup.net

Mortgage Restructuring Process

You may have been hearing more and more about this and with good reason. As millions of homeowners have become saddled with mortgage issues and no longer have the ability to refinance into a new loan, there may be only one solution for these stressed borrowers: Mortgage Restructuring. What does it mean? It is when the lender of the note modifies the existing mortgage to make it more reasonable, the interest rate, term, balance, late fee maybe modified by the lender. Until recently this was only done for delinquent borrowers, however with such extraordinary circumstances it will now be used before borrowers reach this stage. This is often the right choice for borrowers looking to avoid foreclosure.

A Fresh Start
Mortgage Restructuring helps borrowers change their note and have a chance to start over as accounts are brought to date right away.
By modifying your loan you change your interest rate and payments to change to a fixed rate that will be more practical for borrowers. You won't have to pay new closing costs and fees, but if you refinance you will be responsible for the normal closing costs, taxes and fees.
Lenders Negotiate

We will negotiate with your lender to purchase your note, at a discount and then we will pass these savings on to you the Homeowner(s).

Do Lenders want to Foreclose on my house?
No! It is very common for lenders to lose money on foreclosures. This is worse if they are forced to claim ownership of a property. In areas hit hardest by foreclosures, lenders lose even more. This is good news for you since lenders and their investors do not want to lose on your loan.

But unfortunately you are often just a number in their spreadsheet. While you can negotiate on your own behalf often times you may hear that there is nothing you can do to modify your loan, however this isn't always true. By using our expertise we can often help turn no into yes

If you would like to see if we can help click below
http://www.themotiongroup.net/lmApp.php
Call Lee 888.349.6030 ext.110

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