Distressed Mortgage Solutions

Foreclose on me? - I Don't Think So!

Here are brief descriptions of each of the possible solutions I can help you with:

Mortgage Loan Modification

Currently, paying someone else to negotiate your mortgage modification is a waste of your money. The issue of "up-front fees" is moot. The Executive and Legislative branches of the federal and state governments have made it crystal clear that they will not insist on banks and other lenders doing the right thing by negotiating good faith mortgage modifications, or any other solutions. Left to their own devices, they are free to sandbag the distressed mortgage owner interminably.

The courts however, are increasingly standing up and insisting that lenders live up to their public charters. Also, it is easy to represent oneself in court. The nation's judges have shown themselves sympathetic to the homeowner.

Call me or surf my blog and get real time status information.

I am a vendor of the REST Report. The Rest Report use the software that the banks use to evaluate a mortgage modification application. It specifically calculates the Net Present Value (NPV) of a distressed property and mortgage. This calculation is used by the banks to decide whether it is in their best interest to modify, short sell, or foreclose. Because foreclosure is almost always the most expedient resolution (for the bank) to a 'troubled asset,' this is the path almost always pursued.

The REST Report has proved itself as an essential tool as part of a foreclosure defense in court, thereby forcing a lender to negotiate a mortgage modification, or short sale, in good faith.

Call or email me. We'll get you your REST Report, and you can, based on the results, both prevent a foreclosure and obtain a beneficial mortgage modification based on best banking practices and not the whim of your lender.

Short Sale

Generally, this is the option most preferred if a Mortgage Loan Modification fails. A Short Sale is getting the bank to accept less than what is owed as payment in full for the current mortgage(s). The owner walks away with as little damage to their credit reputation as possible. As with mortgage modification, our value is that we call your lender decision-makers daily. Because of federal laws, they must negotiate with us. They don't put us on hold and they don't lose our paperwork. We negotiate a 'Drop Dead, irresistable price for your property.

Note:
Please do not list your property with a Real Estate Agent. For a variety of reasons, this makes it almost impossible to negotiate an irresistible short sale price. We'll do everything that a listing agent will do - faster and for less money. Call me for details.

You live to fight another day, and wait for the current mortgage and employment crisis to recover. Given standard credit repair and debt settlement practices, you would be able to buy another home of your own in two years. The new HAFA law prevents your lender from coming back at you for the mortgage deficiency. Mortgage deficiencies cannot be taxed as income for 2010. Now is the time to take control.

Click here, complete and submit my form; I'll get back to you today.

Deed in Lieu of Foreclosure

The perfect solution for the property owner that simply wants to walk away with no equity and as little damage to their valuable credit as possible. We negotiate with your lender to simply accept the deed in a straight trade for any past commitment made by you. As financially painless as any solution available. The down-side to this option is that only certain lenders will accept this plan. For your purposes here, a short sale and deed in lieu are identical. We'll find the elusive decision-maker in your lender's vast corporation to negotiate with. Click here, complete and submit my form; I'll get back to you today.

Owner Financing

If you've had your property for sale for awhile, you might easily consider this option. You act as the lender, you qualify the prospective buyer and carry the note, in full or as a second mortgage. I'd be happy to help with this. Complete and submit my form here. I'll call you back pronto.

Lease Option

This is for the property owner that wants to keep their property and is willing to re-locate to do it. Your property is leased to a soon-to-be-qualified buyer - generally for a year. No one gets the Lease Option done better than we do.

'Subject to' Financing

This means an informal assumption of your existing mortgage financing. This option is for the owner who's top priority is to stay in their home and catch-up on back payments. I pay all back payments now and hold your Deed in escrow. You keep your home and are brought current on your mortgage; you pay me back on a pre-arranged schedule. Lower closing costs and a much faster assumption schedule are benefits. You, the owner and me as the investor, enables us to facilitate financing without the whims of your current lender. Build back your good credit as you go. Click here, complete and submit my form; I'll get back to you today.

Inverse Purchase

This little known option is a patented procedure to liquidate a HUD mortgage property. Your property can be sold to another buyer in one day, eliminating the 90-day seasoning requirement imposed by HUD in 1999. This spectacular option is unique to my company; has been used since 2002 and never superceded . Click here, complete and submit my form; I'll get back to you today.

Round Robin Auction

When done well, the distressed homeowner and/or listing agent has been known to sell their property very efficiently with this option. Briefly, a single home auction is advertised by the 'owner' and averages 95% of Fair Market Value. Best accomplished with a current mortgage, it is quick and as painless as any method available today. Click here, complete and submit my form; I'll get back to you today.

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One way or another, your property has become a liability instead of the original asset it started out to be. Life threw a curveball. Or a spitball!

Please believe me. I see it every day. Foreclosure is absolutely the worst path you can take. Foreclosure is a permanent solution to a temporary problem. Some families never ever recover from it. Foreclosure will do more damage to your financial potential than anything else you could do. Or not do. The solution is to be pro-active. Pro-active comes from education in this process. I’ll help you with that.

Another process being considered is declaring bankruptcy to stall the foreclosure. Unfortunately, 80% of properties that come out of bankruptcy go to foreclosure anyway. This just makes a horrible situation even worse.

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My Free consultation will give you the information to make an informed decision.

I have more ways to get you out of that property than anybody; and get you the most money that I can. As soon as I know as much as necessary about your property; I can explain your options to you, and you can make your best decision for you, your family, and your finances. You might easily look at your mortgage exactly like a cancer. The sooner you take action and contact me, instead of ignoring the situation, the sooner you can start your healing and recovery. The sooner you submit my form, the more options I can present to you. Other people and families are recovering even as you read this.

The future isn't as bleak as you think. You might feel you have the time to fix your credit and hang on to your home for a few months. Along the way I’ll hook you up with a credit repair company that will facilitate your credit repair. (It all depends on the kinks in your credit as to what repair company is best suited to you).
If debt settlement is a good option for you, we can discuss that also.

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I have to say one more time; the sooner you complete and submit my form, the better off you'll be. I hate to make this sound like a hard sales pitch, but the opportunity here is to get you the best information in your hands NOW; so that you
can take control of your situation.

Once you realize that I’m on your side and here to solve your problem, everything will look better than it does right now. Education in this life / curveball will always make the future look better. I'm in the distressed debt solution business.

I look forward to hearing from you.

Chris Dix

Foreclosure Timer