<ul><li>  Today, banks are faced with more  </li></ul><ul><li>  foreclosures than they can handle.  </li></ul>
Recent Headlines prove this- <ul><li>Housing Wire 02/03/2009  (www.housingwire.com) </li></ul><ul><li>One in Six Borrowers...
<ul><li>Through  Loan Modification , the Bank  actually saves money, even when  lowering   your interest rate, monthly pay...
Case Study Choice Loan Consulting has an average of a 35% - 50% payment reduction on loan modifications.
Let’s start with the basics…and answer your questions!
1. What is loan modification? <ul><li>Banks Reduce your payment by reducing interest rates, principle balance and re-const...
2. Why would a bank use loan modification instead of foreclosing on my house?  <ul><li>The bank loses less money lowering ...
<ul><li>Would you represent yourself in a court of law?  </li></ul><ul><li>Do you know what qualification formula that the...
4. I am several payments behind. Is it too late to save my home? <ul><li>No! As long as we have at least 7 days before a f...
5. I am current on my mortgage, do I qualify?   <ul><li>Yes! If you are experiencing financial hardship you may be qualifi...
6. I have spoken to my bank and they refused to help. Is there still a solution?   <ul><li>Yes! Many homeowners have faced...
7. What kind of loans can be modified?   <ul><li>Any type of loan!  We are experts Negative Amortization, ARM, 80/20, HELO...
<ul><li>8. Why is it important to be represented by a loan modification Attorney vs. a Mortgage Broker or Real Estate agen...
9. How many loan modification cases have you handled?  <ul><li>We started in January 2008 and have helped over 1,287+ peop...
<ul><li>10. How long does the loan modification process take?  </li></ul><ul><li>Typically, 3 to 4 months </li></ul>
11. Will this hurt my credit? <ul><li>Modification does not damage your credit, going 30 plus days late on your mortgage p...
Our commitment to you:
Personalized Service <ul><li>We make it priority number one to earn your trust </li></ul><ul><li>Our goal is to have a rep...
Expert Representation <ul><li>Most modifiers are inexperienced Realtors or Mortgage Brokers. Some have an Attorney on reta...
<ul><li>Caseload Limits </li></ul><ul><li>The loan modification process is extremely time sensitive and backlogs, delays, ...
The Choice Difference <ul><li>Most companies invest all there money on sales and marketing and only have a few negotiators...
Our Departments <ul><li>1) Receiving </li></ul><ul><li>2) Accounting </li></ul><ul><li>3) Broker Price Opinions </li></ul>...
<ul><li>Fair Fee Policy   </li></ul><ul><li>We offer a “No Loan Modification – No Fee Guarantee”. Simply stated, losing a ...
<ul><li>Don’t go it alone. </li></ul><ul><li>Let our proven loan modification professionals and legal team give you  the c...
Resolve Letters…
 
 
 
 
 
 
 
<ul><li>Not a loan…  </li></ul><ul><li>a new lease on life! </li></ul><ul><li>www.ChoiceLC.com </li></ul>
<ul><li>You Don’t Have To Lose Your Home to Foreclosure </li></ul><ul><li>Our Trusted Loan Modification Options provide th...
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Loan Modification Presentation

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  • Loan Modification Presentation

    1. 2. <ul><li> Today, banks are faced with more </li></ul><ul><li> foreclosures than they can handle. </li></ul>
    2. 3. Recent Headlines prove this- <ul><li>Housing Wire 02/03/2009 (www.housingwire.com) </li></ul><ul><li>One in Six Borrowers are Underwater on Mortgage! </li></ul><ul><li>Zillow.com (www.zillow.com) </li></ul><ul><li>Homeowners have lost $6.1 TRILLION in home equity since the market’s peak in 2006. </li></ul><ul><li>Foreclosures make up nearly one in five (20%) of all transactions in 2008 </li></ul><ul><li>The Mortgage Lender (www.lenderimplode.com) </li></ul><ul><li>Since late 2006 – 329 major U.S. Lending operations have imploded! </li></ul>
    3. 4. <ul><li>Through Loan Modification , the Bank actually saves money, even when lowering your interest rate, monthly payment and in some cases even the loan amount… </li></ul><ul><li>and allowing you to keep your home. </li></ul>
    4. 5. Case Study Choice Loan Consulting has an average of a 35% - 50% payment reduction on loan modifications.
    5. 6. Let’s start with the basics…and answer your questions!
    6. 7. 1. What is loan modification? <ul><li>Banks Reduce your payment by reducing interest rates, principle balance and re-constructing the terms </li></ul><ul><li>In 2009, we expect 70 million homeowners to use loan modification to save their homes. </li></ul>
    7. 8. 2. Why would a bank use loan modification instead of foreclosing on my house? <ul><li>The bank loses less money lowering your interest rate and mortgage balance than foreclosing </li></ul><ul><ul><li>Example on a $200,000 mortgage: </li></ul></ul><ul><li>Foreclosure: Typically, bank gets 40 cents on the dollar. </li></ul><ul><li>After taking a $120,000 Loss the bank is required to escrow a foreclosure penalty of six times the loan amount totaling $1.2 million in a non interest bearing vault. </li></ul>
    8. 9. <ul><li>Would you represent yourself in a court of law? </li></ul><ul><li>Do you know what qualification formula that the banks are looking for in your financial statement? </li></ul><ul><li>Do you know what to say in a hardship letter? </li></ul><ul><li>Choice Negotiates 2 months of no payments on every loan modification. </li></ul>3. Can I do this myself?
    9. 10. 4. I am several payments behind. Is it too late to save my home? <ul><li>No! As long as we have at least 7 days before a foreclosure auction, we can help. </li></ul>
    10. 11. 5. I am current on my mortgage, do I qualify? <ul><li>Yes! If you are experiencing financial hardship you may be qualified. Banks do not require you to be behind on your payments. </li></ul>
    11. 12. 6. I have spoken to my bank and they refused to help. Is there still a solution? <ul><li>Yes! Many homeowners have faced this exact situation. </li></ul><ul><li>Choice feels confident that we can save you 35% - 50% on your mortgage payment. </li></ul>
    12. 13. 7. What kind of loans can be modified? <ul><li>Any type of loan! We are experts Negative Amortization, ARM, 80/20, HELOC, FHA, Rural, VA, Freddie Mac, Fannie Mae, Conventional, 1st and 2nd mortgages, Primary Residence, 2nd home, Luxury, Condo, Investment Properties, Commercial and Land. </li></ul>
    13. 14. <ul><li>8. Why is it important to be represented by a loan modification Attorney vs. a Mortgage Broker or Real Estate agent? </li></ul><ul><li>Knowledge of the law </li></ul><ul><li>Proven expertise </li></ul><ul><li>Six months ago, that realtor or mortgage broker did not know what loan modification was – let alone how to help you </li></ul>
    14. 15. 9. How many loan modification cases have you handled? <ul><li>We started in January 2008 and have helped over 1,287+ people keep their homes. We are experts throughout every aspect of the loan modification process and have the success to prove it. </li></ul>
    15. 16. <ul><li>10. How long does the loan modification process take? </li></ul><ul><li>Typically, 3 to 4 months </li></ul>
    16. 17. 11. Will this hurt my credit? <ul><li>Modification does not damage your credit, going 30 plus days late on your mortgage payment does. </li></ul><ul><li>It is not required for you to go 30 days late for us to modify your mortgage. </li></ul>
    17. 18. Our commitment to you:
    18. 19. Personalized Service <ul><li>We make it priority number one to earn your trust </li></ul><ul><li>Our goal is to have a representative consult with you within 24 - 48 hours. </li></ul><ul><li>We want you to feel totally comfortable about the process, understand exactly how we can help you, and be confident that you are working with the very best people. </li></ul>
    19. 20. Expert Representation <ul><li>Most modifiers are inexperienced Realtors or Mortgage Brokers. Some have an Attorney on retainer. </li></ul><ul><li>We match you with one of our in-house attorney’s. </li></ul>
    20. 21. <ul><li>Caseload Limits </li></ul><ul><li>The loan modification process is extremely time sensitive and backlogs, delays, and slow responses can greatly jeopardize the outcome. </li></ul><ul><li>Choice Loan Consulting maintains a small caseload-to-team ratio to ensure that all communications and initiatives are clear, concise, and timely when it really counts! </li></ul>
    21. 22. The Choice Difference <ul><li>Most companies invest all there money on sales and marketing and only have a few negotiators in a back room negotiating your case. </li></ul><ul><li>Choice has 5 departments dedicated to getting your files efficiently processed… </li></ul>
    22. 23. Our Departments <ul><li>1) Receiving </li></ul><ul><li>2) Accounting </li></ul><ul><li>3) Broker Price Opinions </li></ul><ul><li>4) Financial Review </li></ul><ul><li>5) Negotiating </li></ul><ul><li>We get the best results because each department is able to specialize their expertise on one area of the process. </li></ul>
    23. 24. <ul><li>Fair Fee Policy </li></ul><ul><li>We offer a “No Loan Modification – No Fee Guarantee”. Simply stated, losing a Loan Modification case could result in losing a home, and no one should financially benefit from this. </li></ul><ul><li>To this date, Choice Loan Consulting has successfully modified 100% of all cases! </li></ul>
    24. 25. <ul><li>Don’t go it alone. </li></ul><ul><li>Let our proven loan modification professionals and legal team give you the critical advantages you need. </li></ul>
    25. 26. Resolve Letters…
    26. 34. <ul><li>Not a loan… </li></ul><ul><li>a new lease on life! </li></ul><ul><li>www.ChoiceLC.com </li></ul>
    27. 35. <ul><li>You Don’t Have To Lose Your Home to Foreclosure </li></ul><ul><li>Our Trusted Loan Modification Options provide the solutions you need quickly! </li></ul>

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