HELOC PAYOFF | HELOC SettlementShort Pay, Debt Settlement, HELOC KILLING!
CALLER: “Hi, Lee what do you know about fractional banking and the flow of the source of money?”
“Everything, but what does that have to do with your loan?”
CALLER: “Well, can I prove that my loan was made without any physical consideration, since money isn’t real?”
“No.”
CALLER: “Can I use quiet title to get my house back?”
“Yes, but not for free or pennies on the dollar as some have ‘claimed’, it’s more of a strategic move to get the banks to budge on a payoff figure that makes sense… However, it is a lot of work and requires people who know what they’re doing and VERY few have actually done it successfully.”
“What do you want exactly?”
CALLER: “I want to kill my second position HELOC, stay in my home and I am current on the loan…”
“So you have been researching methodologies on the web and these are their strategies for debt settlement?”
CALLER: “Yes, what do you think?”
“I think you want to kill your second, I think it’s a case of strategic default and it’s JUST a short pay off at the end of the day.”
CALLER: “Would you be willing to do it?”
“Sure!”
HELOC PAYOFF | HELOC Settlement
The reality of over 60% of loan modifications failing is based on a very simple reason…
A homeowner wakes up one day, with his newly recast loan and comes to a shocking conclusion: I am making payments of $300,000 worth of loans when in fact the home is only worth $150,000. It will literally take years before the value of $300,000 will be restored and it makes sense to make payments on a $300,000 loan.
QUESTION: Why won’t the banks just do an equity reduction, or adjust the principal and or find some way of figure out some way to solve this?
Simple, the loan was made at ‘X’ amount even if the value is at ‘Y’ amount, they still have it on the BANK books at ‘X’ amount!
It has to do with settlement, write offs, loss, value, future values, investors, the government, FRANNIE, Designations, Trainers, The National Association of Realtors®, agents, investors, homeowners, the economy, etc, etc, etc!
It is not a simple answer.
There is a simple solution for those that are current, want to stay in their homes, get twice the home at half the value or just kill extemporaneous loans…
The short pay off!
Of course it can be done!
HELOC PAYOFF | HELOC Settlement
VIVA debt settlement and SHORT PAY OFF!
Lee Honish
HELOC PAYOFF | HELOC Settlement
