Charles & Brenda Cupoli

*Principle Reductions are a way for individuals with mortgages that are very upside down, to bundle their loans through an intermediary, such as funding companies and use that leverage to negotiate directly with the bank to reduce their mortgage to current market value or below. *This is not a new loan. This is your loan being sold to private investment groups and then that balance reduced proactively by them to your current market value. (CMV) *Mortgages are bought and sold quite frequently after the initial closing, this in essence, is the same thing, with a direct benefit to the homeowner by reducing their balance and indirectly lowering their mortgage payment. *Your loan, after the reduction, is then rebundled with now performing mortgages and resold back to the same investment groups and mortgage backed securities that bought them in the first place. *A new mortgage with a principal balance based off what your home is actually worth *Your loan is based on prime plus 3% (currently 6.25%). The new loan is good for 30 years and is fixed. *No limit to loan amount *Any occupancy type qualifies *There are no closing costs associated with this program. There is no new loan issued, so you do not have to pay the typical closing costs associated with a loan originated at a mortgage company. *If you have a 1st / 2nd mortgage, you still qualify

THERE ARE NO CREDIT REQUIREMENTS !

How it works?

After pre-qualification, with your consultant, your file is submitted to our office for review. Upon receipt of your file, we will check to make sure you qualify one additional time and make sure that your house is in fact underwater. Once it's determined that you are good to go, your file is then added to a pool of loans from your lender for negotiating. This where the variation in time comes into play. If you are the first person into a pool, unfortunately it can take much longer to have your file worked on. If you are the last person into the pool, it will be much quicker. This is why we tell people at least 6 months, closer to 8 and sometimes longer than 12. Unfortunately in today's ever changing mortgage financial environment, things are not always as easy as they should be.

People ask, "Why would my bank do this for me?" There are a few reasons

1) They have to cover the capitalization calls when your loan is re-rated down from an A to anything lower than a B. The lower the rating, the more capitalization they have to have in place. The more loans they have with lower ratings, the more capitalization they have to have on hand.

2) Tarp funds were set aside in February of 2009 specifically for publically traded banks to access *IF* they transferred a note from their portfolio to a private investment fund. Whether that be a real estate investment trust, a private investment firm, a hedge fund, etc;

Regardless, the banks benefit from freeing up capital and not being forced to have a certain dollar amount of money on hand.

It's then at this point that the negotiation with the current lender to purchase the bulk of the loans is initiated. The people that negotiate these files work and have worked on the secondary market for a long time. They know the ins and outs of how to get groups of portfolios rated and who to go to without having to fumble through a loss mitigation department much like a loan mod.

Once your file is negotiated with the rest of the files in it's pool, a new dollar amount is assessed as to what your home is worth. It is based on the then current market value, not today's. You will have a new note issued to you and serviced by our servicers for 30-120 days, at which point, your loan will be re-packaged and sold back on the same secondary market that sold your loan to us in the first place.

EXAMPLE:

Current Mortgage Balance: $400,000. Current Payment: at 6.25% $2462.87 Current Home Value: $250,000. New Mortgage Balance: $225,000. (based on current market value) New Payment: @ 6.25% $$1385.36

Savings of $1077.51 a month!!!!

What we don't care about

Notice of Default, Renters, Credit Score, Discharged Bankruptcy, Previous foreclosures, Repossessions, Limited Assets, Limited Employment, Occupancy Type (mobile homes excluded), State (except California)/ County / Location, Loan Amount

Short Refinance For My Home
Charles S Cupoli
Irmo, SC 29063
ph: 803-661-2234
fax: 803-407-0193
charles@shortrefinanceformyhome.com

Most people will associate a home auction with foreclosure and picture the court house steps. Not Here! This home is being auctioned so as to bring a lot of potential buyers into the home at a designated time. This paticular time is August 8th and 9th from 12 noon to 4pm. Opening bid is $80,000 and all are welcome to view and bid on the property. Registration is required at the property before entering. There will be no one trying to sell mortgages to you. I will personally greet everyone at the front door, register them and give them a flyer with property information. They are free to view the property by themselves as long as they want. Bids are not required but for those interested taken upon exit. So if you know of someone who wants to take advantage of this auction have them come. 7 Marabou Ct in Irmo in the Winrose subdivision. I26 to exit 101B. Second set of lights is Lykes St. ( Just beyond Publix supermarket) Follow to Caddis Creek Rd and take left. Carabou Ct is down on right hand side. See you there.

MLS ID #245997

This home is being auctioned off to expedite it's sale to a wonderful and deserving family. You can see all the details below. Come join us on the dates above from 12 noon to 4pm and leave us with your bid. Opening bid is $80,000. The winner will be contacted within a week.


Property Features:
Single Family Property Status: Active Area: St Andrews/Irmo
County: Richland Subdivision: WINROSE 3 total bedroom(s)
2 total bath(s) 2 total full bath(s) Approximately 1307 sq. ft.
Single story Type: Single Family Style: Traditional
Master bedroom Dining room Family room
Kitchen Bathroom(s) on main floor Hardwood floors
Fireplace(s) Fireplace features: Gas Log Heating features: Heat Pump 1st Lvl
Exterior construction: Vinyl Energy Info: Goodcents/Rate 01 Approximate lot is 72X120X72X120

Call agent for details on association fee info. School District: Lexington/Richland Five
Elementary School: Dutch Fork Middle School: Dutch Fork
High School: Dutch Fork

Interior Features
Attic Access, Built-in Oven, Carpet Flr, Cooling-Heat Pump 1st Lvl, Crawl Space, Dishwasher, Disposal, Vinyl Flr,Dining Rm-Area,Eat-In Kitchen, Kitchen-Bar, Kitchen-Cabinets-Wood-Stained, Kitchen-Counter Tops-Formica, Kitchen-Hardwood Floor,Family Rm-Fireplace, Family Rm-Hardwood Floor, Family Rm-Molding,Mstr Bdrm-Double Vanity, Mstr Bdrm-Private bath, Mstr Bdrm-Separate Shower

Exterior Features
AFI-Common Area Maint., AFI-Sidewalk Maint., AFI-Street Light Maint., Cable, Deck, Front Porch, House Faces-West, Paved Road,Public Water,Public Sewer

$37,500. for a 3 bedroom, 1 bath brick home. 133 Beaverbrook Rd, Columbia, SC 29204 A few weeks ago I was called by a gentleman who inherited a property and had completely re-habbed it. I contracted with this man with the intention of wholesaling the property. Yes it's that cheap. With a retail value of about $65,000 to $70,000 I thought that maybe someone who wanted to buy a home early could benefit from the low cost. So I've been advertising the home to everyone in hopes that maybe a young couple trying to get started would be interested in buying this property. The mortgage would be less than rent. They get a lot of equity right away and gain more as the next 2, 3 , 5 years or more come and go. This would certainly allow then to step up into a bigger home when they wish to or have a family that needs more space.

With shopping and entertainment close by along the Two Notch Rd corridor they can get to everything they need. Downtown Columbia is only 15" away if that. So if you know of someone who can benefit from this great bargain please let them know and have them call me. I have keys to the home and need to be there to show it. I can do this by appointment. I do not mind paying a realtor a fee. Just know the price is firm and BUYER PAYS ALL closing costs. Don't let this home sit empty and be of no benefit to anyone. Call your clients and anybody else you know and get this home sold to someone who can benefit from this great opportunity. I can reached at 803-661-2234 . Thanks Charles Cupoli

For pictures and info, please visit: http://geocities.com/westonscare/133beaverbrook.htm

As most of you now know negative equity sales, or Short Sales account for more than 50% of all home sales. In fact the last figure I saw was 54%. So many folks are now involved in Short Sales and fighting against the same beast. From Realtors, to brokers, to RE Investors, and negotiators no matter how good they are many Short Sales fall apart and you've spent all that time for nothing. That has to be disappointing. In most cases a buyers due diligence doesn't start until the offer is accepted and by then they may be gone. Would a reduction in process time avoid this? I believe in most cases yes.

There are now many instances where when a deal is accepted and you go forth, but the bank has cut your commission by a percent or two and very common is a reduction in half of your commission. Many banks including Bank of America and Citi are now requiring this reduction on paper and suspending processing until they get this concession. I myself can't believe that Bank of America and Citi actually believe that Realtors and Brokers shouldn't profit from Short Sales. But that is what is going on.

Time is truly the biggest factor in a successful Short Sale application and it has to be smooth. Buyers are very interested in buying these deeply discounted properties but not when they take 6 months or more. So why would you put yourself through this incredibly problem ridden process when someone else can do it for you? When they have millions of dollars to buy these homes initially. When they have you retain the property and find an end buyer. When they will guarantee a full 6% commission when it closes.

" Your Luxury Home Group" is just that entity. We process over 100 short sales each month with a full 90% success rate. With that kind of success why wouldn't you have someone do the work? We're happy to do it and you will be too.

For more information simply call, Charles Cupoli 803-661-2234 office and 803-349-7608 cell. I'd be happy to speak with you and send you some info about what we expect from you do jointly accomplish this work. I look forward to speaking with you soon and helping you get those short sale properties sold.

Thanks, Charles Cupoli

charlescupoli@yahoo.com

http://www.PhoenixPropertiesinsc.com

109 Chillingham Ct., Irmo, SC 29063

Official: Loan criteria too tight now

Complaining that even many credit-worthy borrowers can no longer qualify for
mortgages, the president of the California Association of Mortgage Brokers on

Thursday called for exceptions to underwriting criteria that tightened in response to skyrocketing foreclosures. The lending industry should create "sensible alternative loan
products" that, for instance, would allow people with good credit but
nontraditional income to buy homes, Fred Arnold said at a news conference.

Among those who would benefit, he said, are firefighters who regularly work
overtime and teachers with second jobs. Under today's underwriting criteria,
he said, lenders frequently won't consider such supplementary income.

"We are hoping the secondary market comes back," Arnold said. He said
it is needed to support mortgages that do not meet the increasingly stringent
criteria adopted by Fannie Mae and Freddie Mac, the government-sponsored
enterprises that today buy or guarantee many of the nation's mortgages.

Arnold said he is not advocating a return to the ultraliberal lending practices
of a couple of years ago . But he said the continued tightening of underwriting
requirements is excessive because falling home prices have taken much of the
risk out of the mortgage market.

"These corrections they are making should have been made a year or two
ago," Arnold said in an interview. "The people buying today are
qualified buyers with good credit and good debt-to-income ratios and they are
finding it extremely difficult to get financing."

Brad German, spokesman for Freddie Mac, said it makes sense that the agency has
become more careful about the loans it will purchase from lenders.

"This is one of the weakest credit markets in a decade," he said.
"Obviously underwriting standards and credit requirements are going to
tighten."

So, there you have it. The government is only making things more difficult
which is creating a void that the Home Seller Assist program can fill and you
have the opportunity to cash in on this as you help sellers and buyers by simply
pointing them to a website. Watch the session every Tuesday and Wednesday evening at

https://www.weprovidethedollars.com , 7pm - central, and learn how you can profit

greatly from this. Bring your questions...!!!

Charles Cupoli 803-551-0039