Part 1- Intercepting and Preventing Foreclosure
A Facts Based Solution Approach
In Suits at common law, where the value in controversy shall exceed
twenty dollars, the right of trial by jury shall be preserved, and no
fact tried by a jury, shall be otherwise re-examined in any Court of
the United States, than according to the rules of the common law.
- Amendment VII of the United States Constitution
Mortgage refinance, Second Mortgage or Equity Line of Credit
Familiarize yourself with the 4 C's in Lending
1- Credit- Since the subprime collapse Banks have tightened their lending guidelines: 700
FICO = 20% down payment or 80% LTV
660 FICO = 40% down payment of 60% LTV
2- Capacity to repay the loan- In order to qualify for a mortgage for which the lender
requires a debt-to-income ratio of 28/36: Max DTI should not exceed 45%
Yearly Gross Income = $45,000 / Divided by 12 = $3,750 per month income.
$3,750 Monthly Income x .28 = $1,050 allowed for housing expense.
$3,750 Monthly Income x .36 = $1,350 allowed for housing expense
plus recurring debt.
3- Collateral – Does your home have equity? How much are the recent
comparable sales in your area? Loan To Value (LTV)is a mathematical
calculation which expresses the amount of a first mortgage lien as a
percentage of the total appraised value of real property.
For instance, if a borrower wants $130,000 to purchase a house worth
$150,000, the LTV ratio is $130,000/$150,000 or 87%.
4- Capital- is defined as wealth such as money or property accrued by an
individual indicating the amount of money you have saved to cover the
down payment or closing costs and includes: Checking and/or Savings
Accounts, Insurance Policies, Gifts, IRA, 401k, stocks, proceeds for the
sales of existing property, real or personal.
Forbearance Agreement, Loan Modification
Forbearance is an agreement between lender and you that reinstates the
delinquent loan through the payment of a lump sum or scheduled payments
over a period of time.
Loan Modification is a change in any of the terms of the original note. This
includes lowering the interest rate, re-amortizing the remaining balance,
extending the term of the loan, or other options (at the lenders discretion) to
assist you through a temporary setback.
Ask yourself these questions:
- How can you afford one more payment plan taking into consideration
why you became delinquent to begin with?
- Would this eliminate long term home loss?
- Do I owe more than the house is worth?
Sell Your Home, Short Sale,
Deed in Lieu of Foreclosure
Selling your home as option? Now this gets even better.... whose buying at
a time right now? Only “Investors” with a ton of CASH are. For regular
folks like you and me who depend on one or more of the following: a fixed
income, retirement benefits, help from other sources, WOULD never have
access to an abundant supply of Bank Repos, Auctions and other too good
to be true home prices that could have been our home originated with a
sustainable fully amortizing 30 or 40 year fixed rate mortgages.
Deed in Lieu of foreclosure is a voluntary conveyance of title to the lender.
In short, you lose your home.
Giving up your home because of regular unforeseeable events ( Job loss,
health issues, etc.) is one thing...
...being subject to Breach of Fiduciary Duty, Deceptive business practices
and outright mortgage fraud is another.
Using all the information you have acquired determine the following:
Your TRUE Debt to Income and Loan To Value Ratios...
...then ask yourself this:
Did I meet the minimum requirements for bank approval on my current
“Too often we excuse those who build their own lives from
the shattered dreams of other human beings”
- Sen. Robert F. Kennedy
We Hold These Truths Be Self Evident
2008, Ontario, Ca.
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 25 Jun 2008 at 09:27:49 PM GMT is:
The estimated population of the United States is 304,241,474
so each citizen's share of this debt is $30,832.81.
The National Debt has continued to increase an average of
$1.38 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!
For Victims of Fraud Waste and Abuse
2 Options that go hand in hand to STOP foreclosure. An
arduous task which require you to learn and be prepared to help
those in need. This will be your personal test of Faith. Faith in
yourself, standing up for what is right, Faith in our Government
enacted for the people and by the people and lastly Faith in
God for giving you this opportunity of a lifetime to make a
difference for your neighbor.
1- Holder In Due Course Doctrine
DEMAND THIS: Show me the NOTE !!!
The complexities of Mortgage Securitization cast a shadow of
doubt on who has the legal right to Foreclose.
Forensic Mortgage Auditing
“A tiny error made (even innocently) by the lender may
be grounds to STOP Foreclosure”
Know your Rights, Know your Options!!!
Do not refinance to get out of a loan you cannot afford
to begin with. Do not walk away. Stay in your home.
Arm yourself with knowledge and turn this arduous task
into a privilege of a lifetime.
Flash Fraud Alert
Beware of Foreclosure Rescue Scams !!!
You need to be extremely cautious of any claim offering to lower your
monthly mortgage payment while also promising that in a short time
you can own your home free and clear of any debt. The con artist
claims to offer or arrange for a new loan but instead tricks the
homeowner into selling the home to the con artist or a third party and
agreeing to either lease the home back or purchase it back on a land
contract. The con artist or third party will pay off the existing
mortgage or take out a loan. If the scammed homeowner lived in the
home for a number of years, he or she likely built up and is
surrendering significant equity. Equity is the market value of the home
minus the value of all mortgages and other liens on the home. The con
artist now owns the home and has stripped or taken the equity out of
the scammed consumer's home.
ZERO FRAUD TO LE RANCE
AV E N UE S
Mortgage Document Auditing Services
We report all suspicious activity to the following:
FBI- White Collar Crimes Supervisor (Mortgage Fraud Division)
IRS-CID (Internal Revenue Service- Criminal Investigation Division)
Los Angeles County District Attorney's Office Bureau of Investigation Major Fraud Division
Department of Justice
Department of Corporations
Department of Real Estate Enforcement
Office of Real Estate Appraiser
Federal Trade Commission
Office of the Federal Housing Enterprise Oversight- HUD
Your Lender's Regulatory Bank (OCC, OTS, FDIC)
What we offer:
Forensic analysis of your mortgage loan documents for fraud and predatory lending.
Consumer education and assistance in report preparation.
Refer you to an Attorney with the highest level of Integrity, Empathy and Affordability.
We do not:
Negotiate a Short Sale with Client's current mortgage lender.
Negotiate a Deed in Lieu of Foreclosure with Current mortgage lender.
Attempt to negotiate a modification of Client's current mortgage loan including but not limited to reduction in principal balance,
reduction in interest rate, reduction in monthly payments, re-amortization of loan for longer term.
Provide Legal advice, only your Attorney can represent you in a Court of Law.
Give any guarantees whether expressed or implied.
We are not:
A mortgage elimination Company
A law office or credit repair facility
Legal professionals nor claim to be