Recently I heard about a family that breeds horses for polo and jumping. The property was, just a few years ago, worth $12,000,000. But this nasty economy has hit everyone, not just the middle class.
The owner was having trouble making the payments on his property. The property was not only their home but their business as well. If they lost their home, they also lost their livelihood. This family seriously needed mortgage relief.
This place had a mortgage that was more than a million dollars overencumbered. The only solution that they had been offered by other agents was a short sale, and they dearly wanted (needed) to keep the home and business.
And talk about deficiency judgments and IRS penalties! Short sale really would have been a very bad choice for this family, especially when their source of income would have been cut off.
Luckily another person knew about our program to expunge mortages. They have arranged for a conference call and the family will soon be on the way to not only keeping their house and business, but lowering the amount they will have to pay on the property each month by almost 75%.
We work with a legal company that has a great track record in expunging mortgages completely. Don't believe that can be done? Out of almost 200 attempts at removing an owner's mortgage, this company has only had one that didn't work out, and that was because the owner didn't do what he was asked to do to complete the transaction.
Here's what happens: The owner fills out a few forms and the property is put into a trust for the owner. The owner contributes $7995 to the trust. This amount covers legal fees and such, and is completely refundable if nothing can be done to expunge the mortgage.
The company goes to work and clears the mortgage from the title. An appraisal is done to determine the fair market value today and the company puts a lien (not a loan) on the property at 100% of that value. They then help the owner to obtain a non recourse mortgage at 40-60% of the Fair market value. The owner makes payments on this amount.
They stay in their home and keep their income stream. No deficiency judgment because it's as if there never was an original mortgage. No IRS penalties, either.
This works for your clients who have commercial property as well, and, of course for more moderately priced homes. This is Mortgage Relief that really works.
We can work in any state. Want more information? Email me at aghutton@gmail.com. Want to be part of a conference call with the managing partner of this little company that can change your client's life? EMAIL ME.
.There is a conference call this Wednesday evening. REGISTER! You don't want to miss this!
And YES, real estate agents earn a big profit from this transaction when they work with me.
disclaimer: I am not an attorney, nor am I a licensed real estate agent (although I have been in the past.) Please consult your own professional consultant before acting on my advice.
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