Embed Size (px)
Citation preview
How We Can Help You
‣ Foreclosure Defense
‣ Full/Partial
‣ Asset Protection
‣ Bankruptcy
‣ Deficiency
Settlement
How You Can Help Us
‣ HHF
‣ Debt Settlement
‣ Loan Modification
‣ Foreclosure Defense
‣ Hardest Hit Fund
‣ Credit Restoration
Must respond to summons within 20 days
RMFM program
HOA foreclosure
Last days prior to sale date
Promissory Note
Strategic Default
More funds up front = bargaining power
Chapter 7
‣ Wipeout all debt except for student loans, child support and IRS
‣ Cannot save home
‣ Stop foreclosure sale
Chapter 13
‣ Can save your home
‣ Must pay back a percentage of unsecured debt over 3-5 years
‣ May be able to cram down 2nd mortgage
Build relationships
Can be used as a tool for the realtor
Asset protection/deficiency balance negotiation
3rd party neutral recommendation
Buyer representative services available
The US Treasury created the “Housing Finance Agency Innovation Fund for the Hardest-Hit housing Markets”
More than One Billion Dollar$ was awarded to the state of Florida
The funds were allocated due to excessive housing market depreciation and to assist in foreclosure prevention efforts
Unemployment Mortgage Assistance Program (UMAP)
(with a cap of $12,000)
Mortgage Loan Reinstatement Payment (MLRP) Program
(up to $6,000)
The Law Office of Paul A. Krasker, P.A. was an assigned Agency Advisor by the Florida Housing Coalition in April, 2011
Since the assignment of our Agency, we’ve advised over 1500 homeowners
How do the Homeowners find our Agency?
Community outreach
What is our function?
‣ What is the purpose of each service?
Credit Restoration Short Term
Debt Settlement Long Term
‣ When should you refer a client?
Benefits of each service
HAMP
Traditional/In-House
RMFM Program
Settlement options on 2nd mortgage
Stay In your home
Restructure loan rate
Restructure loan principal
Short Sale
How we can help you
How you can help us
Use the Homeowner Hotline:
877-332-1965
Free Consultations
We track your referrals
Thank you for joining us today
