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  1. 1. Carl Anthony Simmons Senior Consultant Bus:407-253-2278 Cell:321-947-9936 “The Help You Need, When You Need It Most”
  2. 2. All-American Consulting Group, we are a consulting firm headquartered in Orlando, FL. We specialize in Mortgage Loan Modifications. We are dedicated to providing homeowners with the help they need, when they need it the most!
  3. 3. A Loan Modification is a change to the existing loan contract which is agreed to by both the lender and the homeowner. The lender modifies the existing loan based on your current financial hardship. The purpose is to make the loan more affordable.
  4. 4. Loan Modifications have been around for a very long time. Initially Loan Modifications were granted for 60 to 90 days as a temporary solution to a homeowner undergoing a financial hardship. Due to the recent government incentives and bailouts, loan modifications have become much more common and attainable.
  5. 5. • Investment properties. • Commercial Properties. • Primary Residence.
  6. 6. • Has an adjusting rate causing “payment shock” • Has A 6% Interest Rate Or Higher • Is in Foreclosure Or Received Sale Notice • Is Behind on their Loan • Has a hardship or perceives there will be a hardship in the future. • Has A High Debt To Income Ratio • Feel’s their Loan Was Predatory • Has the desire and will take action to get caught up on payments that are presently in arrears.
  7. 7. • Due to current economic conditions there are over 2700 foreclosures per day. • With the housing market in the state that it is in, the mortgage companies DO NOT want to foreclose and take your home. They are willing to work with us on your behalf, so they do not incur more costs by acquiring your property. • The average foreclosure cost the mortgage company in excess of $50,000 after all court costs, attorney costs, and various other things that need to be done. They would much rather avoid foreclosure and keep you in the home.
  8. 8. PAST DUE PAYMENTS & DELINQUENT FEES TERM PRINCIPAL OF THE LOAN BALANCE We work with lenders, mortgage servicers, and investors to provide workable solutions for homeowners.
  9. 9. All-American Consulting Group cuts through the red tape and works directly with the loss mitigation department of the homeowner’s bank to facilitate a loan modification. Customer service is integral part of our mission and we accommodate the nation’s pressing needs of effective communication.
  10. 10. Though the definition is simple, in reality, a loan modification is a complex process. Included in this process would be, at a minimum… Financial Prospects Workout Financial Analysis Verifying Payments You Can Afford Letter of Hardship Current Market Analysis Loan Restructuring Proposals Cost Benefit Analysis for Your Lender Cross Cost Analysis
  11. 11. Phone calls with the lender: An average modification includes 30 to 40 hours of phone calls, the majority of which is spent on hold. Verifying the receipt of documentation: Documentation required by the lender to process a loan modification is generally sent via fax. Depending on the lender, documents may have to be sent up to a dozen times. Conference calls between the lender, homeowner and modification company: Occasionally, the lender will want to speak with the homeowner directly. This includes coordinating with the borrower and lender to schedule a mutually acceptable appointment time and participating in the conference call. The Modification depends on the lender timelines: The timeline for a modification varies from lender to lender, taking anywhere from 30 to 90 days.
  12. 12. We take your original loan documents and use specific state and federal mortgage loan post compliance software to calculate and identify Truth and lending (TILA) and Real estate settlement procedure act (RESPA) violations.
  13. 13. • Over 80% of the audits on Adjustable rate mortgages (ARM) loan documents that were performed, revealed major predatory lending and Real estate/Mortgage fraud violations.
  14. 14. This process gives us additional leverage when negotiating with the lender and more than enough incentive for the lender to grant a beneficial loan modification.
  15. 15. • We look at • Built in the same homes sold in year. your area including • Same square footage. foreclosures and short sales. We take a one mile radius from your home.
  16. 16. Then we use those values to negotiate with the lender to determine the current market value of your home and negotiate your principal balance.
  17. 17. • No Credit • No Closing Costs! Check! • No Refinancing! • No Appraisal!
  18. 18. The only thing that’s required is the ability to show the lender that you a currently undergoing a financial hardship making it impossible for you to meet the terms of the original loan. The hardship can be temporary in nature or permanent, but the borrower must be able to prove the hardship.
  19. 19. What are hardships? • Loss of job • Divorce • Illness • Reduction in income • Past due bills • Other unexpected events
  20. 20. Customer Service Specialist After we complete your paperwork today our customer service specialist will contact you in 24 hours. Her job is to answer any questions that you may have, advise you of any additional information that we may need. She will also keep in constant contact with your regarding the status of your loan modification. So at anytime if you have any questions regarding your loan modification, please don’t hesitate to give myself or our customer service specialist a call.
  21. 21. ALL-AMERICAN CONSULTING GROUP 3249 OLD WINTER GARDEN RD. SUITE 19 ORLANDO, FL 32805 TOLL FREE (866) 780-1059 FAX (407) 253-2015