What Does This Real Estate Insider Know About …

By admin on September 12, 2009

SAN DIEGO, CA – by David Horwitz -No one has ever been able to explain this logic to me as soon as you fall behind on your payments, the bank charges you MORE money and often times, if possible, raises your interest rates! It seems that when we are financially in trouble, today’s lending institutions just want to kick you while you’re down. If you had the money to afford all of the “late fees” you wouldn’t be late in the first place. We have to accept the fact that lenders today have it all backwards and have set you up to fail. Just remember this:

BAD THINGS HAPPEN TO GOOD PEOPLE!

If you are like so many homeowners today, you may find yourself coming up short on some of your bills and you feel like there is no way out from under the pile of debt. Because of excessive late fees & rate adjustments, once you start to slip it’s hard to climb back up. Soon the mortgage payments become hard to pay on time and there seems to be more months at the end of the money. Banks have set consumers up to fail. Many homeowners are victims of bank and mortgage fraud that originated at the peak of the real estate boom.

Your creditors don’t want to help you out, in fact, they profit from you remaining in the dark. I had the pleasure of interviewing a team of real estate experts led by Simon White and Julie Fontaine to shed light on this darkness. Their mission is to help everyday hardworking people find a solution for their real estate and debt problem. They let me in on a few dirty secrets that I’ll share with you.

Simon and Julie’s team has helped hundreds of homeowners just like you to solve debt and real estate problems. Many are in the dark as to the solutions available to them.

“You work hard to make ends meet and when you fall behind due to loss of income or a bad mortgage, no one seems to want to help you out”, says Fontaine. If you are working hard just to make ends meet, then you don’t have the time to know the “ins” and “outs” of the mortgage and debt world. Both Julie and Simon have worked in the real estate and problem solving world for years, and have learned to beat the banks at their own game.

And the answer is not Foreclosure or Bankruptcy. In all but extreme cases those options are not good solutions at all. They revealed how a homeowner can stay in their home, even while facing hardship. Most people stop answering the phone due to incessant calls by creditors. Simon knows how to use Federal Regulations to make the phone stop ringing!

Julie and Simon’s team believes in special treatment to every homeowner they work with. Each family will have their own unique hardship, and thus need their own unique solution. “Some folks just need a temporary stay in their mortgage payments, yet others are so upside down it will take them years to recover their equity” says White. “For other, credit card debt may be so excessive that they cannot pay even the minimum payment and they need a real solution.”

Foreclosures are at an all time high. Recent reports by Realty Trac and other leading foreclosure experts indicated that it’s only going to get worse. By 2011 more than half of all homeowners with even good loans will be upside down. Homeowners today need reliable professionals to guide them through the treacherous slopes of the debt and banking industry.

SECRETS EXPOSED:

Here are a few options that Julie and Simon may recommend to a homeowner when things get tough:

Remember, it’s a myth that the banks want to take your home. They are not in the business of holding real estate, and would rather not foreclose. Only when the homeowner does nothing are they forced to take the home back.

1. Loan Modification

If you have a temporary financial hardship, such as the loss of one income, or excessive medical bills, or if you just have a bad loan that has adjusted its’ payments upward, then a loan modification may be a great way to reduce the payments and keep the house.

The loan modification may result in the reduction of your interest rate, a longer payment period, and even the forgiveness of late payments.

“Homeowners should be very selective in choosing their loan modification company. There are a lot of scam artists out there” says Fontaine. Julie accounted to me numerous stories of homeowners turning to her team after another loan mod company took their money and didn’t perform. Julie and Simon have aligned themselves with a Law firm and brokerage that handles all their loan mods. “We wanted to be extra cautious and so selected a law firm and brokerage that has over a 100 employees and have bank insights on how to get the job done. We won’t even take on a client if we don’t think we can get the modification through” says White.

2. Short-Pay/Refinance

For homeowners that are current on their mortgage payments and still have a steady job, a “short-pay” refinance may help make the home more affordable. “Very few homeowners are able to qualify for this program, so we don’t want to get their hope up until we have finished the pre-screening process” says White. This program allows a homeowner to refinance their home into a fixed 30 year mortgage at the current value of their home. It is an excellent choice for homes that are upside down. “Unfortunately only a few banks are currently participating in the program, and homeowners must be able to qualify for a new loan” says Fontaine.

3. Forensic Loan Audit

A forensic loan audit is a tool that the Fontaine-White team uses to accomplish one of their debt solution programs. The mortgage and banking industry is fraught with fraud and violations. A forensic loan audit will reveal if there are any serious State and Federal Violations that could be used towards pursuing legal action against the bank. These violations carry extremely stiff financial penalties for the lender, and can result in serious legal consequences, if pursued.

4. Short Sale

For homeowners that owe more than the house is worth, and find themselves needing to sell, a “short sale” may be the best choice. To sell the house will require the lender’s approval to take a loss on their loan. From what the Fontaine-White team told me, there is nothing short about a short sale. Once someone puts an offer on the house, it typically takes around 3-4 months for the lender to grant approval. “Banks are overwhelmed these days, with so many people needing to get out” says White. There is also a lot of paperwork. The team asks homeowners to stay in the house while the short sale is in process, since banks actually prefer that the home is well kept. Without having to pay their mortgage this allows the homeowner to start on the road to financial recovery.

With the lending intuitions running scared and home prices in flux, finding banks that will loan to new buyers can be tricky. Julie comments “We always screen our end-buyers to make sure they can get the loan. That way there are no surprises.”

The Fontaine-White team specializes in negotiating with lenders and helping homeowners with no equity to sell their home, without charging any out of pocket or upfront fees. I asked them why a lender would be willing to take less than what a borrower owes. White said that for lenders it’s cheaper to sell a home through a short sale than to foreclose. That’s the bottom line for the bank, it’s all about money.

If you are looking to explore your possibilities or are facing foreclosure, you still have rights and several options. You want someone reliable to go to bat for you that has experience as well as insider knowledge of how to deal with the lender and how to negotiate a settlement to get the job done quickly.

STOP THE STRESS!!

For some of you, the Fontaine-White team may just be the experts you have been looking for to help you evaluate your options and make an educated decision that is best for you and your family.

To set up a free consultation with them call 1-(619) 631-4546 or apply at www.USADebtReliefSolution.com. For those with excessive credit card debt, or negative hits on the credit report ask them about those programs as well.

Let the Fontaine-White team go to battle against the banks for you!

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