HomeSolutions.SC LLC 3380 La Sierra Ave #104-353 Riverside CA 92503 888-255-9999 H.E.L.P Helping Everyone Lower Payments Stopping Foreclosures! Sue the banks we'll show you how. Homeowner Success H.E.L.P. Plan Temporary Restraing Order to Stop the Bank Build your case against the lender Challenge the lender to provide the orignial note. Make an offer to reduce principal and interest rate We also provide the follwing: We as Investors Make an offer to purchase the Notes Purchases · Hard Money Loan · 1 Year Refinance Other Options Loan Modification Option Short Sale Option Qualification & Participation Guarantees & Timeline Investor Note Purchase Plan We at Home Solutions of Southern California have investors that would like to purchase notes at deep discounts from lenders that are eager to liquidate their non performing notes. Examples: such as homeowners that are late on their mortgages or have been late and are about to go late on their mortgages. Thousands of homeowner are suffering with overextend mortgages on properties that are no longer worth the value of the purchased the home when they bought it. We are prepared to invest in your future. We at Company have found a way to make a fair offer to the banks to relieve them of a non performing note. We believe this will be great for everyone involved. We are prepared to offer the homeowner the opportunity to refinance the home with our hard money lender or if they still have great credit offer them a new loan at 65% of the value of the home. We will purchase the home from the bank and offer you the owner of the home the opportunity to refinance the home with our lender to reduce the debt that is owed on the home and create an instant equity position for the homeowner. Company is prepared to give away up to 35% of the equity it creates with its professional negotiation skills and transfer the benefits the of owner of the home. Homeowner will benefit in the following ways: Example: Homeowners Current Situation Purchase Price: $500,000.00 Today’s Value of the Home $350,000.00 Loss in value -$150,000.00 Homeowners owe $150,000.00 more than the worth of the property. 30 year Note for an over valued home. Answer: Company Offers to Buy the note. If accepted. BENEFITS INCLUDE Elimination of the following: $150,000.00 under valued home. Interest on $150,000.00 over the next 30 years. Possible tax consequence. If homeowner refinanced the home. Higher payments as a result of higher principal on current mortgage. No Capital gains or tax consequences on refinanced monies. Other benefits: Lower monthly payments Lower interest rates Instant equity position Easy qualifying Hard Money Loan. Interest Tax write offs Re-assessment of value of home. Homeowner must ask his/her self, how long it would take me to save over $150,000.00 Hard Money Loan Homeowner will need to prequalify with our Hard Money Loan firm in order to participate in our program. The Hard Money Loan firm will make it easy for the homeowners to participate under its guidelines. What is a Hard Money Loan? A hard money loan is a loan whereby private investor’s loan money to consumers with high interest rates and higher points than you would normally pay with i.e... Bank of America or Washington Mutual etc… The hard money lender is working with Company to provide a short term loan in order to facilitate financing for the program to work for our clients. Our clients must understand that a hard money lender is unconventional and does not require the stringent guidelines in order to qualify to lend money. You will be able to refinance your home for a period of 12 months before refinancing your home under a 30 year loan with a conventional lender. There maybe a prepayment penalty. The purpose of a hard money lender is to facilitate the financing for the benefit of obtaining up to 20% of instant equity for our client(s). This is based on the lender accepting Company offer. Alternative financing options are available. The clients that are not late on their mortgages and can obtain conventional financing will be able to refinance their home and receive excellent rates and terms. We will be happy to accommodate those clients that qualify for conventional financing. The Client is required if having obtained a hard money loan to refinance the home with a lender of their choice. Company will provide and facilitate financing options to the client upon request. The client is not required to use Company for refinancing their home. Company believes that rates within the next 12 to 24 months will still be favorable and will help keep homeowners payment low. Example: Previous Loan Payment on a $500,000.00 at 5.25 % interest only payment. This is before the adjustment to 8.25% Loan Payment: $2761.02 Pi Piti: $3353.52 Loan Adjustment: $3756.33 before taxes and insurance This is the reason they are in trouble. Payment is to high. Hard Money Loan 14% Interest only fixed for 12 months. Today’s Value: $350,000.00 65% loan to value to the homeowner: $227,500.00 Built in equity: $122,500.00 New Loan Amount:$227,500.00 Payment: $2695.58 Interest Only Taxes: $291.67 Insurance: $66.35 Total Payment with taxes and insurance: $3119.04 This payment is lower that the original payment of $500,000.00 loan amount. The homeowner was comfortable paying this payment if it had stayed fixed. We have the original payment lower for the client for only 12 months. The homeowner will refinance the loan after 12 months. Example: Refinance: $227,500.00 Fixed rate: 5.75 30 year term Payment: $1327.63 Principal & Interest Taxes: $291.67
Insurance: $66.35 New Monthly payment: $1685.65 for 30 years Savings to the homeowner: $150,000.00 Interest on that $150,000.00 Tax savings Lower monthly payments Loan Modifications Company is not a loan modification firm and can only recommend a local law firm. Conditions for a loan modification to occur: Company is not able to obtain the purchase of the note from the client’s lender. Company will recommend a Law firm in California that Company has used in the past for its clients. Homeowners are not obligated to use the services of the attorney being referred. Company will make every attempt to facilitate a loan modification for the client. Company does not take up front fees for loan modifications. Company will provide the client a copy of the attorney’s loan modification agreement for review upon request. A loan modification is a way to get the lender to accept a modification in a form of one, some or all of the following: Principal reduction Interest rate reduction Forbearance Debt forgiveness A loan modification is the back up to the H.E.L.P program. Company do not guaranteed the outcome of any of the services being provided. Attorneys’ fees for the loan modification are in the retainer agreement being provided. Short Sale Option The short sale is an option for the client that does not qualify for a loan modification. What is a short sale? A short sale is when a lender accepts an offer for less than is owed on the current loan(s). The short sale Process: List the property with a Real Estate Firm Fill out a short sale package & submit. Take in offers from buyers. Submit all offers to the lender Get an offer accepted. Close the sale The lender requires several documents in order to qualify for the short sale package. Company will provide the short sale package and process it. Company will list the home for the homeowner and market the property this will help and possibly avoid the foreclosure for the homeowner. Lenders are delaying the sale dates in order to give the real estate firm time to sell the home and avoid the foreclosure for the owner. No fees are charge to the homeowner in a short sale process. The homeowner may be subject to capital gains taxes based on whether or not the homeowner refinanced the home and pulled cash out. The homeowner will need to check with a professional tax advisor for their particular situation for tax implications. Qualification & Participation Homeowners’ Qualifications Homeowner owes more than the home is worth today. Homeowner is behind on his/her payments Homeowner is in foreclosure Homeowner is scheduled for a trustee sale. The homeowner does not need to be behind on his/her payments in order to qualify for the program. The homeowner is aware that the conditions above make the process of getting the lender to accept our offer much easier. Homeowner’s participation for the H.E.L.P program is as follows: The homeowner must attend an educational class to understand credit restoration and financial options in todays market as it may pertain to clients. The homeowner will need to pay a fee of $2000.00 for said class and income opporunity. Payment for class are as follows: Credit Card: Visa or Master Card Money Order/ Cashiers Check Cash. No personal checks please. Payment :$2000.00 Guarantees & Timeline Company of Southern California offers no guarantees as to the outcome of the negotiation for the discounted note. Company will negotiate on its best effort basis for the acquisition of the note for up to 65% of homes current value to date. Company will offer the homeowner the ability to refinance the home with its hard money lender for up to 65% loan to current value. Company offers no guarantees as to the outcome of said financing. Homeowner will become preapproved prior to the acquisition of the note. If the lender does not accept an offer of less than 65% loan to current value and does accept the offer at 65% loan to current value. Company will purchase the note at 65% loan to current value and place a note in a form of a second deed of trust upon the property for its 15% profit to be paid within a 12 month term. Company will defer its equity profits for the benefit of the homeowner. Company shall not charge the homeowner an interest on the 15% profit for the 12 month term. The time frame for which all of these transactions to take place are 60 to 120 days. Timeline: Schedule Training Class for client. The first 60 to 90 days: Company negotiates with the lender in order to get the offer accepted. Hard money lender to approve the client and close the loan. Company will keep the home owner informed every 30 days. Via email, voicemail or regular mail. DISCLOSURE & DISCLAIMER Company is an investment firm and does not represent anyone in a real estate transaction. The owner of Company is licensed with the Department of Real Estate in California and is acting on its own behalf for the purpose of profits. Client is not an employee of the Company. The Company is not an attorney firm and is not licensed to practice law in any state in the USA. None of the statements or information provided by Company should be construed as legal advice. Client should seek legal counsel before executing this agreement. Client shall have 3 days from the date of this agreement to cancel. After the third business day this agreement shall remain in full force and effect. The refund policy shall take effect upon the 4th business day. The refund shall be at the sole discretion of the Company. Client(s)/Real Estate Investors are responsible for their own due diligence and should consult with their own attorney, CPA or other professional prior to investments or participation with the Company. Company is not a lender involved in the loaning money for investment properties. Investors should consult their own attorney for advice on loan applications. Company is not a licensed Certified Financial Planner and will not give any financial planning advice. Company is not licensed to sell securities. No information contained in this email shall be construed as an offering to sell securities. Company is not an "Investment Adviser" as defined by the Securities and Exchange Commission of the United States of America and will not give investment advice regarding securities. We are happy to serve you and make this process a smooth and successful. Thank you for your time and consideration Sincerely, Rodolfo de Hoyos CEO HomeSolutions.SC LLC |