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Homeowners and Banks are in Trouble - Opportunity to Save Money.

Homeowners and Banks are in Trouble - Opportunity to Save Money. Millions of homeowners in trouble, losing their homes. Want to keep their homes. Need help to negotiate affordable mortgage terms. What is Loan Modification?. Terms of the loan changed to make it easier to pay

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Homeowners and Banks are in Trouble - Opportunity to Save Money.

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  1. Homeowners and Banks are in Trouble - Opportunity to Save Money. • Millions of homeowners in trouble, losing their homes • Want to keep their homes. • Need help to negotiate affordable mortgage terms.

  2. 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

  3. 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

  4. Do You Qualify? • Credit does not matter • Ability to make a payment matters • Struggling to make payments is the key NO CREDIT CHECK

  5. What Loans Qualify? • ARMs (adjustable rate mortgages) • Option/Pic a Payment • First, second or third mortgages • Loans with legal errors/violations ALL LOANS

  6. 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

  7. Invest $3,850 to make: • $3,683.00 over 1 year. • $36,830.00 over 10 years. • $110,490.00 over 30 years!

  8. 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!

  9. Laura J modification • Original Payments $1,087 new payment $732 Savings $355/month • $37,501.81 no interest no principle balloon due 10/2059

  10. Adam B • Investment property • Payment cut from $1,472 to $724 per month • Interest rate cut from 7.25% to 3.99%

  11. Thom F • Payment dropped from $4,400 per month to $3,400 per month

  12. 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!

  13. 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

  14. 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!

  15. Terrify the Banker • Bank misallocated loan funds • Stubbornly refused to fix the error • $1,000,000 mistake turned into a judgment • $360,000,000 Our Network Attorney... Our Knockout Punch!

  16. 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!

  17. 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

  18. 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

  19. 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

  20. 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

  21. 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.

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