Our Mortgage Relief Program involves drawing up a Trust Agreement (we'll help you with this), putting the property in to that Trust and naming a Trustee for a new Deed to the property, a Property Manager with Limited Power of Attorney Agreement and a Management for Real Estate agreement and other documents. Let's follow the steps that a typical home owner -- we'll call him James -- would follow after the above steps are completed:
•First, James decides that -- for whatever reason -- his home no longer suits his purposes.
•Scenario a: - James is current in his mortgage payments on his home. James wants a new home right away with better financing, lower mortgage payments and wants a new home that is not upside down (owes more than what it’s worth).
•James sets out to find a new home. James finds one. James then writes a purchase offer on the new home and submits a loan application.
•Meanwhile the lender of the property James no longer wants is sent a Property Manager with Limited Power of Attorney Agreement, Management for Real Estate agreement along with a valid lease agreement (we do this for James) to show that the property is under a Management company and a tenant will move or has moved into James's old home and make rental payments to the Management Company
•The lender approves James's new mortgage and funds the loan. James moves into his new affordable, not underwater home.
•James never makes another payment on his old home.
•Scenario b: - James wants to avoid foreclosure on his credit because he may purchase a home later when his financial situation improves. He is already in default in his mortgage and is in danger of foreclosure. Since James cannot obtain a new mortgage loan after a foreclosure, he sets out to sell his property subject to the existing mortgage. He finds a company who takes over payments and property (Subject To). (thats us)
•The lender is sent a Property Manager with Limited Power of Attorney Agreement, Management for Real Estate agreement along with a valid lease agreement to show that the property is under a Management company and/or a tenant will move or has moved into James's old home and make rental payments to the Management Company. (us)
•James never makes another payment on his old home.
•Scenario c: - James is willing to walk away from his mortgage debt and home. His credit is shot and he does not care for whatever reason. He is willing to foreclose. However he hears about “Subject To”, when a company takes over payments and tries to avoid foreclosure on the property. James figures he was going to foreclose and walk away anyway. If this company can stop the foreclosure and take over payments then that’s an alternative before voluntarily giving up to foreclosure.
•The lender is sent a Property Manager with Limited Power of Attorney Agreement, Management for Real Estate agreement along with a valid lease agreement to show that the property is under a Management company and a tenant will move or has moved into James's old home and make rental payments to the Management Company.
•James never makes another payment on his old home.
The benefits of our Mortgage Relief Program:
**No more Mortgage payments on the old note
**No property management fees. The company who takes over the property runs the property for the new owner (trustee)
**No property repairs and maintenance which can be costly. The company who takes over the payments are responsible for this.
**No land lording and tenant issues such as evicting the tenant and trying to collect the rent or paying the mortgage when your tenant defaults. The company who takes over mortgage payments are responsible for this.
**Avoiding lenders going after you for the loan balance
NOTE:
Most homes offered to us for take over have little or no equity in it. Since mortgage loans cost money to take out, it makes no financial or business sense for us to do so. We are running a business. As such, we cannot buy "full priced" homes with new mortgage loans and stay in business long-term. The only way we can buy "full priced" homes with little or no equity is by "taking over" the home and mortgage.
Other homes offered to us are those behind in mortgage payments where the threat of foreclosure is quite imminent or homeowners who want to walk away from their property for whatever reason. They only way to reasonably "sell" the house in time and save the home from foreclosure is for us to "take over" the home, *pay the arrearages, and maintaining the mortgage payments. In this "takeover" process, we absolutely buy your home albeit in a less conventional way.
What we do is not for everyone. But many homeowners we have assisted by taking over their homes have been quite happy with us. We assisted them at a time when few real estate agents or buyers/investors could.
Q. How fast can we do this?
A. As fast as 10 days or less in most cases.
Q. Will it cost me anything?
A. Yes. In most cases it will cost as little as $199 for processing the paper work, setting up the Trust and related agreements and recording fees at the county recorders office.
Q. Ca we help evey homeowner?
A. Unfortuntely No. We are not able to help everyone but most homeowners we can and we'll do our best. Every homeowners circumstances are different. There is no obligation to call and find out if we are able to help you. Call (877) 717-6759 or (602) 774-4802
Don't let things happen to you...Make them happen for you!
Financial Relief Solutions (FRS) (877) 717-6759
(877) 376-9911
www.financialReliefSolutions.com
