Homeowner’s assurance program


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HAP, Home Assurance Program, NAREB,

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Homeowner’s assurance program

  1. 1. Homeowner’s Assurance Program (HAP)<br />A joint venture with NAREB, SRP & 24 Asset Management<br />A complete service for the homeowner with the focus <br />on preserving homeownership<br /> Foreclosure as a last result<br />OPEN Only to Active NAREB Members<br />
  2. 2. Homeowner’s Assurance Program (HAP)<br /><ul><li>Opportunity to create real and sustainable homeownership in hard hit communities
  3. 3. Local, community-based outreach approach that can greatly stimulate future homebuyers and address current barriers to homeownership
  4. 4. An approach that provides dignity and empathy to borrowers while increasing resolution rates and returns.
  5. 5. Creates long-term affordability through financing and renovation innovation
  6. 6. The nation’s #1st full-spectrum minority-owned solution to address the current housing and mortgage crisis</li></li></ul><li>Homeowner’s Assurance Program (HAP)<br /><ul><li>Focus is on women-owned, minority-owned businesses
  7. 7. Program is focus on the end-user
  8. 8. Assets will be managed through 24 Financial, a subsidiary of 24 Asset Management
  9. 9. Performance-based opportunity. You don’t need
  10. 10. experience to participate!
  11. 11. Launch deadline is 3rd quarter of 2011
  12. 12. Initial purchase of notes will be $200m/per quarter to start
  13. 13. 60-70% of the revenue will go back into a charitable contribution.</li></li></ul><li>Homeowner’s Assurance Program (HAP)<br />Business Opportunities for NAREB<br /><ul><li>Home retention specialist/door knocker – build a communication bridge
  14. 14. Call center specialist – Liaison between mortgagor and lender
  15. 15. Broker/BPO Valuation/Appraisal
  16. 16. Short Sale Specialist/Broker /Agent
  17. 17. Asset Inspector
  18. 18. Asset Preservation Specialist
  19. 19. Repair Contractor</li></li></ul><li>Homeowner’s Assurance Program (HAP)<br />What’s Next?<br /><ul><li>California Roll out Location: Los Angeles (Consolidated Board of Realtist)
  20. 20. Training with 24 Asset Management: HAP training will be held at the CAREB State Conference - October 27-28, 2011 in Los Angeles </li></ul>24 Asset Management Training: Cost: $99<br />Other cities that have been identified as roll out priorities include Detroit, Atlanta, Cleveland and Houston.<br />
  21. 21. Homeowner’s Assurance Program (HAP)<br />Strategies<br /><ul><li>Acquire non-performing loan pods and REO assets at substantial discounts to fair value
  22. 22. Apply a unique program together to help develop opportunities from the practitioner to the homeowner to the homebuyer</li></li></ul><li>Homeowner’s Assurance Program (HAP)<br />Major Players<br /><ul><li>NAREB (National Association of Real Estate Brokers)
  23. 23. 24 Asset Management
  24. 24. SRP Development</li></ul>Partners<br /><ul><li>Minority industry professional such as NAREB
  25. 25. Local, state and national government agencies
  26. 26. Non-profit innovators and leads
  27. 27. Forward thinking and progressive capital sources</li></ul>Members Benefit: Only NAREB Members qualify to work with<br />24 Asset Management on this program<br />
  28. 28. Homeowner’s Assurance Program (HAP)<br />How Do You Sign Up?<br />Make sure your membership is active!<br />A special code will be supplied to you<br />Each NAREB Member will receive an Invite to the Training will be sent out to all active Members<br />Any questions or concerns: Send email to: CVRA.Education@gmail.com<br />NOTE: Training schedule: Oct 27-28, 2011<br />* There are no plans for this training to come to Northern California<br />Thank you to Shawneequa Badger, San Jose Local Chapter President,<br /> for contributing to slide info<br />