Mortgage Reconstruction
This is NOT a Loan Modification
This is NOT a Short Sale
This is NOT a Deed in Lieu
This is NOT a Forbearance
Our objective is to provide the best solution for you based on our analysis of your situation, the current lending environment and our experience in the real estate industry. We previously and successfully negotiated the Note Purchase, Short Refinance and Settlement Payoff. Unfortunately, this program was disbanded when it became illegal to use T.A.R.P. funds for Principal Balance Reductions. The banks win again.
Who Are We?
Foreclosure Prevention Institute LLC is a private biz (LLC) specializing in helping homeowners fight foreclosure. The “Balance Reduction Program” is supported by a team of investors, negotiators, and attorneys.
Why Banks Want to Liquidate Notes
Many homeowners today are non-performing borrowers, meaning they have been late or are in foreclosure. “Strategic Defaults” are on the rise due to homes being “upside down” even with homeowners who are current. Banks are in the business of lending, not managing real estate.
The reserve requirement set by the Federal Reserve Board is a bank regulation that sets the minimum cash reserves each bank must hold.
Non-performing assets put a strain on the bank reserve requirements so they must remove these assets. By removing the assets, they are in a better lending position. We suggest an all cash deal at close of escrow so the bank can lend immediately using the money they earn from the liquidation.
It costs less to liquidate then it does to foreclose, short sale or sell properties in bulk. We try to work directly with the banks’ asset and wealth management departments… not their loss mitigation, loan servicing, customer service or collection departments.
How Does the Note Purchase Work?
Mortgage notes are grouped together by lender and then negotiated a price to purchase them at a discount from the current market value. These groupings contain both “good” loans with performing notes as well as “bad” loans with non-performing notes. Once successfully negotiated to purchase these notes from the bank, the homeowner gets new terms based on 90-95% of the current market value of their home.
Example Note Purchase
The homeowner owes $150,000 on their home but it is only worth $100,000 (current market value).
The homeowner’s note is packaged along with notes of other homeowners from the same bank.
The investor pays off the homeowner’s note at a discount off the current market value, let’s say $75,000, and revises the terms of the note at 95% of today’s current market value or $95,000. The homeowner realizes a principal reduction of $55,000.
Qualification Requirements
Must owe at least 20% more than the home is worth.
Must be able to verify some sort of monthly income – bank statements are accepted.
No more than 50% debt to income ratio (the Obama loan mod is 31%).
ALL TYPES OF CREDIT WILL QUALIFY, including current and past bankruptcy.
Investment property is accepted.
If you want more information or have an interest in this program call Dave Brigle 800-826-1929.
What is the Downside?
I love your ideas, they are very good and useful. Thank you
Great work,webmaster,nice design!
Thanks for the tip . I like it easy fix
In a way I can use this info to get out of debt and possibly buy a place.
“How-do-you-do, just needed you to find out I’ve additional your site to my Yahoo bookmarks due to your extraordinary blog site layout. But very seriously, I consider your site has 1 in the freshest theme I have came across. It seriously aids make studying your webpage a great deal simpler.”
You made some good points there. I did a search on the topic and found most people will agree with your blog.
This post seems to be miraculous. I will perfectly utilize this post for my work and would be very
That was stimulating . I like your finesse that you put into your writing . Please do move forward with more similar to this.
I was just doing some web browsing on my Drioid during my spare time at my work place, and I happened across something I thought was interesting . It linked to your website so I clicked over. I can’t really find the relevance between your site and the one I came from, but your site good anyway.
Thanks for the advice. Will put it to work. Tom
I’ve been looking for content such as this for a research assignment I’m working on. Thanks very much.
I am really thankful to the author of this post for making this lovely and informative article live here for us. We really appreciate ur effort. Keep up the good work. . . .
As a Newbie, I am constantly browsing online for articles that can aid me. Thank you
Thanks for sharing this helpful info!
Thank you for share very good knowledges.
Many thanks very much for that info. I have been looking for this for a while with Bing and it has been a real task.
Thank you for give very good informations.
I’m still learning from you, but I’m improving myself. I absolutely love reading all that is written on your site.Keep the posts coming. I liked it!
Great blog, saved your site for interest to see more information!
I must say, I thought this was a pretty interesting read when it comes to this topic. Liked the material. . . . .
Hello! I just wanted to take the time to make a comment and say I have really enjoyed reading your blog. Thanks for all your work.
I believe your weblog is nice! I found it on Yahoo. I believe I will come back on day, thank you.
Hello, I just wanted to take some time today to make a comment and say I have really enjoyed reading your blog. Thanks for all your work!
I enjoy visiting daily to see your writings. I have your page bookmarked on my daily read list!
That is my first time I have visited here. I’ve discovered so much interesting stuff in your blog. From the tons of comments on your articles,to all the totally different posts. I guess I am not the one one having all the good reading here! keep up the great work. Thank you…
Hello there! I really enjoy reading your blog! If you keep making amazing posts like this I will come back every day to keep reading.
Quite very useful when and in order to give rise to found it again on the part of your regular age group,credit ranking a great deal.
Hey this is a decent write up. Can I use a portion of it on my page? I would of course link to your page so people could read the full post if they wanted to. Thanks either way.
This post is really helpful for some1 who has been having difficulties with this situation. I have seen a number of resources but to no avail. I will continue reading and learning here in the hope of ultimately getting past this.
Several of the details associated with this post happen to be great nevertheless had me wanting to know, did they genuinely mean that? One thing I have to say is definitely your authoring expertise are very great and I will probably be returning back again for any brand-new post you make, you might have a new admirer. I bookmarked your site for personal reference.
This essay will cause some head scratching.
Amazing blog and very interesting stuff you got here! I definitely learned a lot from reading through some of your earlier posts as well and decided to drop a comment on this one!
Anyways, I just signed up for your newsletter and will definitely come back for more. Feel free to do the same for my blog when you get a chance!
Also, if your looking to do some guest posting or promoting some of my products definitely check out my blog…
All the best,
Dino Vedo
PS: Like my Facebook fan page and follow me on Twitter and I’ll do the same for you!
Wicked! Just got a new BB Pearl and I can now read your blog on my phone’s browser, it didn’t work on my old one.
Super-Duper site! I am loving it!! Will come back again – taking you feeds also, Thanks.
This blog appears to recieve a large ammount of visitors. How do you promote it? It gives a nice individual twist on things. I guess having something authentic or substantial to say is the most important factor.
Thank you for your article!
At first I wasn’t sure what you were writing, but now I understand and agree fully.
Thanks for a awesome post. Love this source Btw, your site looks a little wierd in opera browser. Works fine in firefox and Explorer though.
Nice Post. It?s really a very good post. I noticed all your important points. Many thanks!
Keep it up, wonderful job! This was the thing I had to know.
Do you care if I post part of this on my blog if I post a backlink to this site?
No
Credit history ratings play a important function within our lifestyle as if you own great score then simply you can easily meet the criteria for loans at great interest charges as well as lesser monthly fees.
Thanks for posting this kind of a terrific website. this blog was not only knowledgeable but also very inventive as well. There typically are a minimal number of writers who can produce technical information that creatively. we search for articles about a subject like this. I have gone in detail through many websites to discover understanding regarding this.Keep composing in !!
I just StumbledUpon this. Not bad. I’ll give it a thumbs up.
Scientists have suggested that extracts from normalsources such as green tea, grape seed and bacteriocins such as nisin could remain alternatives for food processors instead of chemicals as a means of protecting against pathogen material.
Really informative… Keep up the good work…
thank you for this, this is some really cool stuff
Everytime I visit this blog, there’s always something interesting to read. Good blog!
I find it comforting that many of the people who commented with different thoughts and opinions, did so in such a nice and well thought out manner.