1. How the average person can take
advantage of the current real
estate market opportunity by
purchasing a foreclosure!

2. WHO WE ARE
Prospect Mortgage LLC
 #1 Nationwide
Fannie Mae HomePath Renovation Lender
 #2 Nationwide
FHA 203k Revovation Loan Lender
 Providing A Seamless Renovation Experience!

3. OUR MISSION
To make the consumer aware of the benefits of
purchasing a home and rehab/improving it.
Help the Economy by relinquishing the banks of
their foreclosure inventories.
In doing so, rid our neighborhoods of vacant
boarded up properties.
Help the Environment by GOING GREEN with
every renovation project.

4. OPPORTUNITY
The Average Hard Working American
TYPICALLY
 Gets No Breaks
 Always Finds Out About A Good Thing Too Late
 Thinks If It’s Good It’s A SCAM
NOW
 Thanks To HUD – This One Is Real 
 It Will Help To Solve Our Economic Crisis
 Only If Its Brought To The People FAST!!!

5. THE PROBLEM
The Worse Economic Crisis Of Our Era
 Started With Real Estate
 Resulted In Banks Holding Bad Loans
 Banking Model – 1-10
$100,000 = Loan Out $1,000,000
$100,000 Foreclosure = $1,000,000 Frozen
 Foreclosures Have Banks Money Locked Up
 Mortgage Backed Securities

6. THE SOLUTION
Fix The Banks Fix The Economy
 Rid The Banks Of Their Foreclosure Inventories
 Show The Home Buyer How And Why They
Should Purchase Them
WHY???
 The Consumer Is The Only Market Large Enough
To Actually Purchase All The Foreclosures

7. This is The Biggest
Real Estate Sale
In History!

8. REAL ESTATE MARKET
MINDSET
Two Types of Properties
New Construction As-Is/Used
Foreclosure Related Sales Now
Dominate The AS-IS Market

9. FORECLOSURES
$$$
Properties Sold For Less Than Worth
Instant Equity
Listings In Majority Of Neighborhoods

10. SWEET DEALS
Success Story
Single Family Purchase
Borrower’s Income: $45k
Purchase Price: $61.5k
Cost to Rehab: $65.5k
FHA Loan Amount: $137k
After Improved Value: $256k
INSTANT EQUITY: $119k

11. FORECLOSURES
ARE SELLING!
1. Investors Are Mostly Buying Not Consumers
1. Why Not The Average Consumer?
Misperception Fueled By Media
Wait For Market To Get Better
Banks Have No Money
Need Great Credit
Large Down Payment
No Fix Up Money & REHAB IS DIRTY WORD

12. REHAB IS A HUGE
HEADACHE = WRONG!
Buyers Are Afraid Of Contractors
Don’t Know How To Do Rehab
Lots Of Work
Confusing
Hassle
Expensive
Unforeseen Problems
Just Want To Move In!!!

13. What If?
What if all the home repairs & improvements were
done for you?
What if all you had to do was choose what you want
and want and specify how you want it?
What if the hassle with contractors was eliminated?
What if you did not have to get an extra loan?
What if that loan was a safe loan, not a the bad
type of loans that created this foreclosure crisis?
What if it were relatively easy to qualify for?
What if the home buyer not the investor could buy
any foreclosed property?

14. YOU CAN HAVE YOUR
CAKE
AND
EAT IT TOO!

15. UNCLE SAM
Provides The Solution
FHA
Money To Purchase & Rehab In ONE LOAN
Home Buyer Can Not Do The Work
(Must Use Licensed And Insured Contractors)
Hassle With Contractors Eliminated
(Payment Is Upon Completion Of Work)
Include Up To 6 Mortgage Payments In Loan
(Where To Live During Construction)
Move When Work Is Complete!!!

16. “THE HUD POLICE”
Your Peace Of Mind
 203K Consultant/HUD Inspector
- Your Protector/Contractor Enforcer
- Validate Estimate of Work Needed
- Provide Contractor Bid Paperwork
- Sign Off on Work Completed
- Submit Draw Requests
 Home Buyers Have Peace of Mind
 No Longer Have to Fear Rehab
 HUD Police has their Back!
HASSLE WITH CONTRACTORS ELIMINATED!!

17. FHA MORTGAGE
Easy To Qualify
Average Credit - 620 (If not we can help)
3.5% Down Payment (Can be 401K or GIFT!!)
HUD Properties Only $100 Down Payment!
Seller Can Pay Up To 6% Of Your Closing Costs
1-4 Unit Generous Loan Limits
$417,000 SFR - $780,000 4-Unit (Cook County)
2 yrs Bankruptcy and 3 yrs Foreclosure - OK
Co-Signer’s Are Allowed

18. REAL OPPORTUNITY
Time For Average Hard Working American
 To Get A Break!
 To Learn About This Good Thing NOW!
 To See That This Is Not A SCAM!
It’s From Our Government and It’s Real
 To Be The Solution To Our Economic Crisis
 Call To Action
Bring This The People FAST!!! This
Opportunity Will Not Long!!!

19. Prospect
Mortgage’s
GRASS
ROOTS
MOVEMENT

20. What Will Happen?!?!
“This Is The Largest Real Estate Sale In History”
 Home Buyers Start Buying Foreclosures &
Taking Them Green!!!
 Banks Get Real Relief
 The Economy – Grass Roots Stimulus
 Increased Home Sales, JOBS, Spending
 Real Estate - The Problem Becomes The Cure
 A WIN/WIN For All Involved
THE SOLUTION… A GOVERNMENT BACKED
PRODUCT FHA 203K Renovation Loans!!!

21. Q&A

22. Questions? Call:
Roy J. Hard, Certified
FHA 203K and
Fannie Mae HomePath
Revovation Loan Lender
(708) 829-6081 Direct
Roy.Hard@ProspectMtg.com
LoanApproval@RoyHard.com