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Home Mortgage Protection Services,[object Object],Welcome,[object Object],To,[object Object],Our,[object Object],Seminar,[object Object],“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object]
Home Mortgage Protection Services,[object Object],“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],AS A HOMEOWNER YOU ARE ENTITLED TO CERTAIN RIGHTS THAT YOU MAY NOT HAVE BEEN INFORMED ABOUT!,[object Object],PROTECT YOUR RIGHTS!,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],ACCORDING TO THE NEW YORK TIMES:,[object Object],About one in eleven homeowners are facing loan or mortgage problems.,[object Object],Mortgage foreclosure filings have increased 93% over the last year.,[object Object],Projections call for 4 million more foreclosure filings in 2009.,[object Object]
Home Mortgage Protection Services “Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],FACTS:,[object Object],2009 – More than 4 million Americans will lose their home this year due to a foreclosure.,[object Object],Foreclosure does not discriminate.  It could happen to anyone in any financial income bracket.,[object Object],Foreclosure is non-forgiving.,[object Object],However, foreclosure can be prevented if you act quickly!,[object Object]
Home Mortgage Protection Services “Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],DO ANY OF THE FOLLOWING SOUND FAMILIAR?,[object Object],Your home has decreased in value.,[object Object],Your mortgage interest rate is going up.,[object Object],You owe more than your home is worth.,[object Object],Your mortgage payment is more than you can afford.,[object Object],You are 1, 2, 3 months or more behind in your mortgage payments.,[object Object],You received a “Notice of Default” from your lender.,[object Object],You are facing an eminent foreclosure and public sale  ,[object Object],“YES” to any of these questions may qualify you for our Program!,[object Object]
“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],This is not a refinance, short sale or loan modification.,[object Object],Home Mortgage Protection Services,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],When did you purchase your home?,[object Object],[object Object]
We Perform a forensic analysis of your loan documents.,[object Object]
Home Mortgage Protection Services “Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],What is a Lis Pendens?,[object Object],Means litigation is pending on your property. (lease pen-dense) n. Latin for "a suit pending," a written notice that a lawsuit has been filed which concerns the title to real property or some interest in that real property.,[object Object],Creates a “cloud” on title.,[object Object],Gives you time.,[object Object],Eventually receive a settlement that is satisfactory to you.,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],YOUR LENDER CAN SETTLE WITH YOU!,[object Object],The loan interest rate may be decreased.,[object Object],The interest rate can be changed from an adjustable to a fixed rate.,[object Object],The period of time the borrower has to pay the loan back may be lengthened.,[object Object],The loan balance may be reduced or cut in half.,[object Object],Back Payments can be forgiven.,[object Object],The type of loan can be changed altogether,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],Processing Requirements,[object Object],Submit Income Documentation,[object Object],Write a hardship letter,[object Object],Provide Utility Bills, Expense information to show cash flow,[object Object],HMPS,[object Object],No Income Documentation Required,[object Object],No Hardship letter required,[object Object],No Expense Statements required,[object Object],Loan Modification,[object Object],Must submit proof of income, Pay Stubs, Tax returns, etc.,[object Object],Hardship letter required to validate reason why Loan Mod should be approved,[object Object],Need to submit Tax returns, Utility Bills, Expense Statements to show how income is allocated.,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],Processing Requirements,[object Object],Loan Modification,[object Object],HMPS,[object Object],Hi,[object Object],Submit Entire File to loan company for processing,[object Object],Settlement offer sent to borrower,[object Object],Rental properties submitted to loan company for processing,[object Object],No Detailed file is necessary & No approval is required.,[object Object],When Settlement offer is finally made, borrower can accept or reject the offer.,[object Object],Settlement offers can be made on rental propertiesi,[object Object],File Received and sent to lender for evaluation and approval,[object Object],Must Accept offer presented, no bargaining power.,[object Object],Rental Agreements do not qualify for a loan  modification,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],Real Estate Foreclosure News,[object Object],JP Morgan Chase which now owns Washington Mutual, and one of the nations biggest lenders, has embarked on one of the most ambitious efforts to lower mortgage payments and modify loans not only to include the mortgages the bank owns but also to include more than $1 trillion of loans sold to investors.  Faced with political pressure and ballooning losses, the banks are racing to modify millions of loans by lowering mortgage payments, reducing mortgage balances and extending loan terms.  Faced with mounting lawsuits, banks are trying to keep borrowers in their homes and limit their losses associated with foreclosures in formulating the plan.,[object Object],It is expected that once the plan is put into action, other banks and lending institutions will follow suit to modify their loans.,[object Object],Lawsuits prevent lenders from moving forward in modifying these loans.  The bank said they want to work with borrowers and believes that it can legally modify a “vast majority” of investor owned mortgages.,[object Object],JP Morgan also stated that they would rather see banks overhaul the terms of their mortgages rather than see them slide into foreclosure or have a bankruptcy judge reverse the terms.,[object Object],Reprinted from the Investors Journal, January 2009,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement” OPERATIONAL FLOW CHART,[object Object],File Denied,[object Object],Money Refunded,[object Object],Lender,[object Object],Served,[object Object],Borrower completes,[object Object],Application, sends app and,[object Object],& loan docs to HMPS,[object Object],Lawsuit sent to borrower for signature,[object Object],Submits file to,[object Object], CRO for Evaluation,[object Object],Lawsuit filed with County.,[object Object],Case Number Assigned,[object Object],Completed file sent,[object Object], to CRO to prepare,[object Object], lawsuit,[object Object],Lis Pendens,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],	Judicial Foreclosure,[object Object],Court Intervention,[object Object],Court determines if complaint is valid,[object Object],Judgment issued for full amount owed,[object Object],Writ issued authorizing a sheriffs' sale,[object Object],	Non-Judicial Foreclosure,[object Object],No court intervention,[object Object],Requirements established by state statutes,[object Object],NOD mailed to homeowner,[object Object],Usually 90 days before public sale notice is filed,[object Object]
Home Mortgage Protection Services “Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],The Timeline of Events,[object Object],The Foreclosure Period,[object Object],Late or Delinquent,[object Object],On monthly mortgage payments,[object Object],Notice of Default,[object Object],Notice of Trustee sale,[object Object],90 to 120 days,[object Object],90 days,[object Object],21 days,[object Object],Trustee sale by auction,[object Object],Last Payment Made,[object Object],NOD is recorded,[object Object],NOTS is Recorded,[object Object],Minimum from recording date of NOTS per State law,[object Object],(non Judicial),[object Object],Minimum from recording date of NOD per State law,[object Object],Since last mortgage payment was received by lender,[object Object],This information is for reference purposes only and is not intended to represent any particular homeowner’s situation.,[object Object],The actual timeline of events will vary according to each homeowner’s circumstances, the objectives of the lender and the state they reside in.,[object Object]
Home Mortgage Protection Services “Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],Here area few examples of some real loan settlements:,[object Object],Settlement#1,[object Object],Notice of Default filed.  Notice of foreclosure filed,[object Object],PMT $3800/mo  11.5 adjustable rate,[object Object],Delinquent amount: $13,500,[object Object],Solution:,[object Object],Foreclosure canceled.  Delinquent amount cancelled: New payment $2500/mo @ 7% Rate,[object Object],Settlement#2,[object Object],Notice of default filed.,[object Object],PMT $2212/mo @ 9 % adjustable,[object Object],Delinquent amount: $30,941,[object Object],Principal Balance: $295,000,[object Object],Solution:,[object Object],Foreclosure cancelled.  Delinquent amount reduced to $6000,[object Object],New pmt $1500/mo @6.65% Rate,[object Object],New Principal Balance: $226,740,[object Object],Settlement#3,[object Object],Notice of default filed,[object Object],Pmt 2309/mo @ 8.5% Adjustable,[object Object],Principle Balance $323,925,[object Object],Delinquent Amount: $13,426,[object Object],Solution: Foreclosure cancelled, delinquent amount cancelled,[object Object],New pmt $2040/mo @ 7.95% fixed, New Principal Balance $266,125,[object Object]
Home Mortgage Protection Services “Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],WE STAY WITH YOU!,[object Object]
Home Mortgage Protection Services “Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],Notice of Default,[object Object]
Home Mortgage Protection Services “Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],Unlawful Detainer,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],Don’t try to “go-it” alone,[object Object],We Know your rights as a homeowner,[object Object],Bankruptcy is the last option and should be avoided if possible,[object Object],Ongoing consultations, answers to questions, discussions about your case available throughout the process,[object Object],PROTECT YOUR RIGHTS!,[object Object],PROTECT YOUR HOME!,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],What about the cost?,[object Object],Researching Loan Documents for Errors and ,[object Object],Omissions                                                                    $350,[object Object],Documenting Errors and discrepancies                    $425 ,[object Object],Preparation of Lawsuit                                             $1,300,[object Object],Preparation of Lis Pendens				    $750,[object Object],Court Costs / Filing / Case Number                            $475,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],Identifying the Agent of Service                            $150,[object Object],Retain Process Server                                              $225,[object Object],Unlimited Consultations with our Attorney,[object Object], @200.00/hr for 1 year (50 Hours)                       $10,000,[object Object],Responses to your Lender @ $200.00/hr,[object Object],(40 Hours)                                                                  $8,000,[object Object],TOTAL                                                                  $21,675,[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],Lawsuit Preparation and Lis Pendens Preparation,[object Object],$7,500,[object Object],Filing Fees,[object Object],(Can vary per county. Price quoted is based on an average amount),[object Object],$375-500,[object Object],Monthly Maintenance Fee,[object Object],$0 ($1,000 after 6  months),[object Object]
Home Mortgage Protection Services“Today’s Preparation Determines Tomorrow’s Achievement”,[object Object],“Obstacles can't stop you. Problems can't stop you. Most of all other people can't stop you. Only you can stop you.”,[object Object],Jeffrey Gitomer,[object Object]

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Home Mortgage Protection

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