Mortgage and Real Estate Services
Our nonprofit law clinic benefits from both volunteer and paid real estate, mortgage, loss mitigation, law professionals as well as private equity fund investors who all work collaboratively to help you keep your right of homeownership.
HomeSaver ReStart Program
Nonprofit organizations can purchase ANY home, including the one you presently live in and LEGALLY resell right back to you with a Lease/Rent with Purchase Option contract and give you “up to” 6 years to qualify and execute the purchase option at the pre-set value agreed upon by you.
- Short Sale your home through a nonprofit without moving out and lease/rent back with a first right of refusal to repurchase the same property at market value when eligible.
- Bankruptcy, Foreclosure, and Short Sale Consumers can buy a Home today.
- Buy your own home back at market value today from the same lender who foreclosed on you.
- Same neighborhood, same school district, and same community – or UPGRADE!
The homeowner’s property may be “underwater” in its value. This means the value of the property is far less than the amount owed on the property. The homeowner may even be current on their payments, yet wondering if they should continue to try and regain the loss of equity. In these instances, homeowners are referred to a legal profession to evaluate their alternatives. If liquidation is the preferred avenue of problem resolution, our legal professionals will work with the homeowner and the lender to expedite the disposition of the property. Liquidation could prevent many of the typical negative ramifications associated with a short sale like a deficiency judgment, 1099 tax consequence, and/or elimination of all negative credit.
Homeowner Upgrade Repurchases
Real estate professionals that work closely with a legal professional and identify FRAUD, mistakes, and /or violations in mortgage loans can reverse a homeowner’s current negative equity situation on an over-encumbered home by having it invalidated, voided through “rescission,” allowing the homeowner to immediately purchase an “UPGRADE” home for far less than what was owed on the smaller home with current low 30-year fixed financing creating long-term sustainability as well as an improvement in the consumer’s lifestyle.
Revisions to FHA’s Loss Mitigation Home Retention Options
This mortgagee letter includes revised requirements for FHA’s Loss Mitigation Home Retention Options, in an effort to reduce the number of full claims against the FHA Mutual Mortgage Insurance Fund by assisting a greater number of qualified, distressed mortgagors in retaining their homes. No later than 90 days after issuance of this mortgagee letter, mortgagees must begin to assess mortgagors in default under the FHA’s loss mitigation priority order and policies referenced herein.
Read More – Link to PDF – U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
A Homeownership Preservation Alliance-You and Us!
There are many alternatives that can help preserve the right to homeownership now and maintain that right in the future. All mortgage and lender solutions should be explored by you along with a seasoned professional not on your lender’s payroll. We will explain various options and legal or mortgage lender services to you that your mortgage lender or the entities that are funded by them may not have disclosed to you. The lenders use “the law” to legally take your home away from you due to a breach of a mortgage contract.
Our nonprofit law clinic wants you to know that there are CONSUMER PROTECTION laws.
If you have questions or need our legal services, feel free to contact our offices at (855) 622-2435.
Once our Nonprofit Organization has submitted our “complete” alternative to foreclosure package to your lender on your behalf, it may make it against both State and or Federal Law to proceed to foreclose on you. We have successfully had many lenders rescind (reverse) the Trustee Sale and put an already foreclosed upon home back into the clients’ name EVEN after they vacated a Non-Owner Occupied Home.
(C.H.A.M.P) Consumer Home Affordable Modification Program
When our nonprofit law clinic reviews the Consumer Home Affordable Modification Program (C.H.A.M.P) results with you that will properly structure your FREE Lender Specific loan proposal based on CHAMP© like guidelines and provide you the required information that your lender will need to approve you for a CHAMP©-like modification, then there will not be any cost or fee. Our nonprofit law clinic is dedicated to making you aware of Consumer Protection products and services that you may need in the future, for example:
- temporary restraining order against a foreclosing lender,
- consumer representation of an unlawful detainer if you are getting evicted from your home,
- lender lawsuits,
- filing a lis pendens on your property making it virtually impossible for your lender to sell your home,
- providing you with a lender fraud and violation analysis report,
- or bankruptcy protection.
Hopefully, you will never need any these Legal Services but if you or anyone you know ever does, we would want you to know that our nonprofit law clinic is here to help. Our consultation and advice is FREE.
Homeowner Upgrade Repurchases
Real estate professionals that work closely with a legal professional and identify FRAUD, mistakes, and/or violations in mortgage loans can reverse a homeowner’s current negative equity situation on an over-encumbered home and get it forgiven, allowing the homeowner to immediately purchase a “UPGRADE” home for far less than what was owed on the smaller home with current low 30-year fixed financing creating long-term sustainability as well as the improvement of the consumer’s lifestyle.