Bob Elliot

In and effort to help borrowers take advantage of the Making Home Affordable program Freddie Mac has hired Titanium Solutions, Inc to visit delinquent borrower homes and encourage loan modification. See: http://www.dsnews.com/articles/freddie-mac-engages-titanium-to-knock-on-doors-of-delinquent-borrowers-2009-09-29

Making Home Affordable Program: http://makinghomeaffordable.gov/about.html

Home Affordable Modifications: http://makinghomeaffordable.gov/modification_eligibility.html

Payment Reduction Estimator: http://makinghomeaffordable.gov/payment_reduction_estimator.html

If modification does not work and you want a Short Sale to prevent foreclosure my business model is centered on building your case and facilitating the quickest sale!

I am a Realtor® not an investor. I have extensive lender experience.

My comfort level: HIGH!

Bob Elliot - Realtor® - 612.578.6162
RES Realty
Burnsville, MN

http://www.bobmnrealestate.com/MN_Homeowner_Short_Sale/page_2280603.html

* This is informational only. It is always good practice to seek tax and legal advice.

Are you struggling with mortgage payments? 1 out of 10 homeowners are currently delinquent on their mortgage or they are facing the foreclosure process.

Short sales allow the financially challenged homeowner to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With dropping home property values, this can save many homeowners from foreclosure and even bankruptcy. A Short Sale is much less costly for a lender than a foreclosure.

I am a REALTOR® not an investor. I am highly experienced working with banks and lenders - upper management and staff. I have trained on lender negotiations, lender process, and real estate finance for 20 years. I am a Certified Distressed Property Expert and I recently completed The Center for Asset Preservation certificate course detailing the new rules and regulations for the government Making Home Affordable program (MHA).

My Comfort Level: HIGH!

Know Your Options!

Bob Elliot 612 578 6162 or www.bobmnrealestate.com or bob@bemnre.com
RES Realty
Burnsville, MN

Mortgage Forgiveness Debt Relief Act 2007 -http://www.irs.gov/individuals/article/0,,id=179414,00.html

Tax Relief for Struggling Homeowners - http://www.irs.gov/pub/irs-pdf/p4705.pdf

New Government Making Home Affordable Plan - http://www.makinghomeaffordable.gov/

Does Fannie Mae own your mortgage? - http://loanlookup.fanniemae.com/loanlookup/

Does Freddie Mac own your mortgage? - https://ww3.freddiemac.com/corporate/

HUD Counselors Free - http://portal.hud.gov/portal/page/portal/HUD/

Foreclosure laws statewide - http://www.uslossmitigation.com/states/index.html

Standard and Poor Case Shiller Index - http://www2.standardandpoors.com/spf/pdf/index/2009-09_Residential_Real_Estate_Indicators.pdf

Making Home Affordable Servicer Performance Report 9-09 - http://www.treas.gov/press/releases/docs/MHA%20Public%20100809%20Final.pdf

* It is always good practice to consult your legal or tax advisor.