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Certified Distressed  Property Expert If we all did the things we are capable of doing  we would literally astound ourselves.   -Thomas Edison
NATIONAL MORTGAGE  DELINQUENCY NUMBERS
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],National Numbers 4 th  Quarter 2009
[object Object],[object Object],[object Object],[object Object],[object Object],National Numbers, Prime Loans 4 th  Quarter 2009
[object Object],[object Object],[object Object],[object Object],[object Object],National Numbers, Subprime Loans 4 th  Quarter 2009
[object Object],[object Object],[object Object],[object Object],[object Object],National Numbers, FHA Loans 4 th  Quarter 2009
[object Object],[object Object],[object Object],[object Object],[object Object],National Numbers, VA Loans 4 th  Quarter 2009
More than 7 out of 10 homeowners go into foreclosure without  VISIBLE intervention. (You are the exception)
FORECLOSURE EXPLAINED
Foreclosure is a Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Foreclosure is a Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
POSSIBLE CONSEQUENCES
Reasons to Avoid Foreclosure ,[object Object],[object Object],[object Object],[object Object],[object Object]
Reasons to Avoid Foreclosure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],*Not applicable in some states
Reasons to Avoid Foreclosure ,[object Object],[object Object],[object Object]
SOLUTIONS
Reinstatement ,[object Object],[object Object],[object Object],Your Options
Reinstatement Example ,[object Object],[object Object],[object Object],Your Options
Forbearance or Re-Payment Plan ,[object Object],[object Object],[object Object],[object Object],Your Options
Forbearance Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Your Options
[object Object],[object Object],[object Object]
Sell the Property ,[object Object],[object Object],Your Options
Rent the Property ,[object Object],[object Object],[object Object],Your Options
Refinance ,[object Object],[object Object],Your Options
Mortgage Modification ,[object Object],[object Object],[object Object],[object Object],Your Options
Mortgage Modification ,[object Object],[object Object],[object Object],Your Options
Deed-In-Lieu of Foreclosure ,[object Object],[object Object],[object Object],[object Object],Your Options
Bankruptcy ,[object Object],[object Object],[object Object],Your Options
Servicemembers Civil Relief Act (SCRA) ,[object Object],[object Object],[object Object],[object Object],Your Options
Short Sale ,[object Object],[object Object],[object Object],[object Object],Your Options
Definition  ,[object Object],[object Object],[object Object],[object Object]
What a Short Sale is Not  ,[object Object],[object Object]
Two Major Consequences ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Mortgage Forgiveness Debt Relief Act of 2007 ,[object Object],[object Object],[object Object]
MFDRA Details, Phantom Tax  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Ask about IRS Publication 4781 and IRS Form 982
Deficiency Judgment ,[object Object],[object Object],[object Object]
THE SHORT SALE PROCESS  YOUR INVOLVEMENT
SHORT SALE PROCESS Owner Involvement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A CDPE Stands Apart ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Thank You For Your Time!

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