http://www.coastalonedayfunding.net

Mr/Mrs Smith, Your Realtor recommended I talk with you about what my company does and how we might be able to can create a win-win for all of us. My company is a cash buyer of pre-foreclosed homes, in doing our business of buying homes we hope of course to make a profit when we resale the home. That would be a win for us. But also we want you to WIN because we also try to prevent the foreclosure from happening to you so you don't get a Foreclosure on your credit. And for the bank, they get to take the loan off the books. And the Realtor gets a home that is priced correctly that can actually sell at the correct price. A short sale will require the bank to reduce your payoff to an amount that makes business sense for us to buy it so it's worth our time to pursue the bank negotiation and resale the property at a profit. Right now, there is no equity in your home until we negotiate with the bank and create the equity we need. As you may know, 90% of preforeclosure homes like your... even though they are listed will not be purchased because a buyer won't usually come along that knows how to deal with the banks and willing to stay with the negotiation past a couple of weeks, most buyers want to move into a home within weeks, and while homes like yours may get interest, they rarely get to the closing table. That's why your agent recommended I call you and explain why we are different than most buyers and why we might be your best chance for preventing the foreclosure and getting your home sold to us.
Here's how we work these short sales deals with the lenders. It works like most home negotiations except since you are not allowed to make any cash at the closing table; the negotiation is between us and your Lenders(s). Now, they would like to get a really high price for it of course we, the buyer, want as low a price as possible. We start low and they will counter with a higher price, it will go back and forth until we meet at the right price that works for both of us. Before we start negotiation with the bank, they will require that we have a written agreement, we use an option to buy your home. We will also immediately start marketing via the realtor and MLS to find another buyer at the price that we think will attract a buyer at very quickly while allowing us to make our profit. While this is happening, we will complete the negotiations with the bank. Short sale negotiations are not as fast as if you were not in this situation and you were selling it the normal way. Between people, negotiation can be
a few days to a week, but with short sales, it can take a month or longer, some can take 3-4 months. Banks are backed up with foreclosure files and it just takes time. Time we are willing to put in and complete. Now 2 things will occur once the negotiations are completed. Either we have a price that allows us to buy the home or we have a price that doesn't allow us to make enough to buy it and we will just take a small negotiation fee and let any buyer that we have been able to find during the negotiation to purchase the property directly from you. It's rare that the second case occurs, but it does happen sometimes. What we want to happen is to earn the profit we create which is the difference between what we negotiated with the bank and what the buyer we find is willing to pay. So our profit will be that difference we negotiate minus our expenses. We do incur expenses through this negotiation process, and so we at least need to make a minimum amount in order to stay profitable. As you know the lender does not allow you to make any money on the sale of your home. But preventing the foreclosure should be your main goal here and so, if for some reason the negotiation fails to work out with the profit we need, either we have a buyer and will just back out of the deal place our negotiation fee on the HUD-1 as an expense paid by the bank and let you sell to them at the price the bank agreed to just to prevent the foreclosure; or if there is still no buyer, you still benefit in that you now have a better asking price in the MLS that might help sell your home to a buyer the agent finds during the remaining listing period. A sell becomes much highly probable because there is no waiting time for the buyers since the bank has now accepted some lower amount and the buyers can close within a few weeks... just like a regular home. This is why it should be a win for you no matter what happens, but we could take a hit if we can't get the price that works for us. Now let me cover how we price your property and why we go through the steps we do. First, the Realtor will give us an amount of what they think today's fair market price for a similar home would sell for that is NOT in foreclosure. We then take about 60% of that amount and place that as our first offer to the bank. That's not the price they will usually accept, but that is what starts the negotiations.
I want to explain now how the property is going to be marketed. Right now, you have (were told to list it) it listed at whatever price the agent thinks normal homes are sold at. That's another reason why most preforeclosure homes don't sell. The asking price may be too high etc. Part of what our option agreement will accomplish is to give us the right to relist and market the property including changing the price when and as we need to change it depending on the results we are getting or not getting. And rather that have to come back to you each time to ok the price change, you will give us permission to change it and without that permission, it would be a logistical nightmare. (Since you have it listed now, we will need for you to add us to the
listing with permission to change the amount until we can determine the right price based on our marketing response). As to a realistic time frame for this to all happen,... It can take an extended amount of time. Typically it can take between 4-6 months to get to a closing. Sometimes faster depending on the number of files and the case load of the Loss Mitigator at the bank. There are thousands of these deals happening every week and sometimes a loss mitigator can have 100 to 200 or more files they are working through. This can sometimes work out to your advantage if you are not ready to move right away, but I also realize you may want to have this whole thing off your shoulders. But this is the only way that it can be done. Now you already know that the bank won't allow you to make any money on your home, well they also won't let you lease it back or option it back at a later time either. All these things would be considered fraud and is what gets people in trouble. So if anyone else you may be talking to tells you that can be done, it can't, and usually lands those people in jail for defrauding the lender or seller. As to the Lender, because they are being asked to take a loss on the loan, they won't let you gain any benefit either. There is also no guarantee that we will be able to get the short sale agreed and buy the home. While the bank will not be able to remove you from the house during our negotiations, they will continue their legal process. So you need to be prepared that we may not buy the home and save you from a foreclosure in a worst case scenario. LEGAL ISSUE: DEFICIENCY Now, I'm not an attorney nor am I giving you legal advice here and you may want to obtain legal counsel to determine what all you are liable for because of the loan default. But I want to make you aware of the legal issues I know of which you are facing no matter what happens; whether we are able to successfully buy your home or if it continues to go to foreclosure. Usually there are only 2 outcomes that will occur as a result of the foreclosure process that has already started for you. The bank will calculate what it lost on the foreclosure process which is called a Deficiency. For example: If the bank was owed $200,000 and they can only get $150,000 to pay off the loan, then that difference... the $50,000 is what they "lost" on the loan.
1. The bank can elect to file a judgment against you for that amount and try to collect it. They could garnish your wages, attach bank accounts or other assets you may have that may not be exempt from a creditor. While most lenders are not doing this, nothing stops
them from changing their mind later. But I really wouldn't worry about it since it is out of your hands.
2. Or they will just forgive it and not pursue it. And we have no way of predicting what will happen.
But I don't want you to think that this is tied only to a short sale, it will happen no matter what occurs. However, the bank is paid off, there is going to be some kind of deficiency. In fact, the short sale may be the way to minimize the deficiency amount. Because if the home isn't sold in a short sale method, the next thing that happens is that the bank will foreclose and will force you out. This leaves a vacant house that further loses value. The last step of foreclosure increases their legal fees greatly and that cost is added to their loss. The market prices continue to fall for most foreclosed homes and so the final price they net is more likely to be lower than the one we can get them to accept. So there will be a deficiency amount of something and we hope that we can have that amount as small as possible using a short sale rather than an auction or later sale the bank will have to liquidate it at. One last issue I want to go over with you and again, I'm not giving you legal advice but because the bank will take a deficiency of some amount, the IRS can look at that as income tax loss, and they can make you responsible for paying the taxes on it. But a new law has removed that for homeowners whose home being foreclosed on is their primary residence. So the bank will still issue you a 1099-C that shows forgiveness of debt. And you will turn that into the IRS with your taxes paperwork. So that is what we do and what you are going to need to be aware of as you go through the process. The next step is for you to determine if this is what you would like to do I'll answer any other question you might have. If this is what you would like to do then you give me the go ahead, then I will have the option agreement put together, order the brokers price opinion. I will also pick up some documents from you such as tax returns, W-2's, paystubs, bank account statements, financials and a hardship letter... which I can provide you a sample of so you can have an idea of what they will accept. I'll give you a list of everything we will need to open a short sale file at the lender's. We will then get that package into the lender and get it assigned to a loss mitigator and then we can start the negotiations.
So if everything sounds good to you we will proceed on and start to put the paperwork together.

http://www.coastalonedayfunding.net

WE BUY HOUSES
Any Location or Condition
Everyone welcomed
(843) 478-6814

http://www.coastalonedayfunding.net

I assume everybody caught last week's announcement
by the Fed, right? That they are going to kick
in another $1.2 TRILLION dollars into the economy?

Here's what most people don't know - that money
got created out of thin air. It doesn't even
exist until they wave a magic wand and print it.
And it's perfectly legal. In fact, it's the Fed's
job to control the money supply.

So what's bad about printing extra money? It makes
our dollar weaker.

Sure enough, right after the announcement, the
dollar plunged.

And oil soared. Gas jumped an average of ten cents
a gallon.

And this is only in the short-term. The real
effects won't be felt for months.

This, coupled with the bank mess, is what caused the
crash last year.

Do you think we can't have another crash? We can
and just might.

http://www.coastalonedayfunding.net

Sell Your Home Today!

First, a Reality Check

Do You Really Have To Sell Your Home Right Away?

Wanting to sell quickly is not the same as needing or having to sell quickly.

We primarily specialize in working with people who need to sell quickly due to:

1. Making payments on empty home, 2. Making payments on 2 homes, 3. Job transfer, 4. Divorce, 5. Need to settle estate, 6. Home needs a lot of work, 7. Home In foreclosure, 8. Can't afford payments, 9. Tenants problems, 10. Trying to raise cash fast, etc.

Bottom Line Is: We're looking for motivated sellers who must act now, NOT the tire-kickers

If that describes your situation, you'll find our service prompt, courteous, and efficient.

Absolutely, Positively Have To Sell Quickly?

If you're in a hurry - we can act now!

If your property meets our financial criteria, we can usually put an offer in your hands within a day (sometimes even the same date, if your situation is really urgent) and close in just a few short days.

Please fill out our online Property Information Form, so we can better determine how we can help you. As soon as we get the form and analyze the information about your home, one of our representatives will call you with an offer on your home. http://www.coastalonedayfunding.net

Are you behind in payments and facing a foreclosure of your home?

We might be able to help!

We understand that going through foreclosure process, risking to lose your home and ruin your credit is a dramatic experience. It's also a huge financial burden.

The simplest way to stop the foreclosure process is by bringing the loan current. That typically requires a large lump sum of cash to cover:

* All missing payments, * Late fees, * Attorney's fees, * Very often the cost of inspections and appraisals is also added, * Sometimes the title report costs are added.

Often the pain of trying to deal with uncooperating lenders and their lawyers is too much to bear emotionally in addition to the financial stress.

There are different ways to deal with foreclosure which we'll cover in the section below.

For some home owners in foreclosure the financial burden and the emotional pain is so high - they prefer to leave and start from scratch at a new place of residence.

In that applies to you - the best alternative that will minimize the impact on your credit is to sell the property to a professional buyer who has funds and can perform.

If you already have made up your mind about selling your home now, please visit our page or simply call our office. http://www.coastalonedayfunding.net

Would Like To Try and Keep The Home, But Have No Money to Stop Foreclosure?

If you're interested in staying in the home and YOU HAVE A LOT OF EQUITY we might be able to offer you a plan where we put up the money to bring the loan current and stop the foreclosure while you'll be able to stay in the home.

If this option interests you, please call our office right away to discuss it.

Not Sure Yet What To Do?

If you don't know what your options of dealing with foreclosure are and haven't yet decided what you want to do about it - we recommend getting our FREE Report.

FREE Special Report Reveals: "7 Ways To Stop Foreclosure"

This report is for you. There are some things you CAN do to stop foreclosure and save your credit. Now, there are no miracles, not all of the methods described in this report will be applicable to your situation.

If you have no equity in your home, and you have not made payments for over 12 months, you have already filed bankruptcy and fallen behind on your plan, the strategies outlined in the report will not be helpful to you.

If, however, your situation is not that dramatic, there are still some steps you can take to avoid foreclosure. http://www.coastalonedayfunding.net