mackpoise
214 Posts |
 Posted - 02/28/2008 : 09:57:35 AM
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www.Short-Refi.com
It is possible! We do short-refinances...like their cousin the short-sale, only they keep the home!
We are most likely to be able to help a homeowner that has a 1st
and 2nd mortgage. Ideally, a large second mortgage and in foreclosure.
This provides the leverage to make room by getting the 2nd mortgage
holder to take a fairly large loss (but more than they know they'd get
if the home was foreclosed and had little, none or upside-down equity)
and even the first to take a small loss if still necessary. Lenders do give
the homeowner a 1099 as income for the forgiven amount(s), so the
homeowners really do have to do their homework and get with an
accountant or attorney to look in to additional tax liabilities. However,
Bush's new law allows many homeowners that are "insolvent", and can
be proved, for the 1099 or indebtedness to be forgiven. Even individuals
that don't fall under the law find they are better off with the 1099 than
a foreclosure on their record and get to keep their home.
The end loans typically come form private investors, some remaining
sub-prime and hard-money for these foreclosure bailouts that are
short-refi'd. Rates for this type of loan average about 9%, 30 year
fixed with LTV's up to 75% in "some" cases. We get the best
pre-approval first then negotiate from their if we realistically think we
have the room to do so.
We have success in helping others too! More than just folks in foreclosure, but
I wanted to share a little bit about us with you.
shortrefi@yahoo.com
We actually offer two opportunities that may fit your needs. One, is becoming an Associate Agent with Wizard Lending LLC. As an Associate Agent, you will learn the art of negotiating a short-refi (along with short-sales and loan mods). You will become part of the Wizard Lending LLC team. As an Associate Agent, you will have exclusive territory with us, broken down by area code. We will supply you leads and clients at absolutely no additional costs (unlike some of the loss mit companies out there, that we've heard about). You will have the opportunity to make money by negotiating the client's short-refi and if the client also needs financing, that is all your too! From now until March 31st, 2008, you can become an Associate Agent with us for as little as $500.00. We ask for a small set-up fee to become an Associate Agent with us, because we are only looking for serious people that truly want to learn the business and help those in need. We are not looking for everyone that wants to jump on board, learn the ropes then jump off and go on your own. We are looking for people that want to be part of a team, that has potential to dominate the market and become a partner in an answer to today's housing market problems.
Offer number two, is to become an Affiliate Broker with Wizard Lending LLC. There is absolutely no cost to be an Affiliate Broker with us. Our Affiliate Broker program is designed for brokers that have clients that are in need of a short-refi. This is for brokers that have clients that are behind on payments and cannot be refinanced due to high LTV and low FICO's. Clients that are upside down on their mortgage, due to a deteriorating housing market and now finding themselves unable to get refinanced. Clients that are close to 100% LTV or higher and have an ARM getting ready to adjust, skyrocketing their payment beyond reach. A short-refi can help all of these clients. Basically, as an Affiliate Broker, you send us your client, we negotiate a short-refi for them, then once the short-refi is completed, we give the client back to you to complete the loan. As an Associate Broker, with Wizard Lending LLC, you are doing nothing more than having your client hire us as a negotiator for the short-refi. Once the negotiation is complete the customer is given back to you, to complete the loan. In this situation, we have nothing to do with the loan process. That is all up to you. Our charge to negotiate a short-refi is $900 + .75% of the negotiated payoff amount. The only out of pocket expense to the client is $400.00. The remaining $500.00 + .75% is paid to us on the HUD-1 as a third-party fee, in one lump sum. As an Associate Broker, it is a WIN-WIN situation. You bring us a client and we give you back a fundable deal. We work with you throughout the entire process.
In the attached documents, please read the Short-Refi.comDoc first. This will give you a complete overview of what to expect as a Short-Refi Negotiator. I have also attached the CompleteAssociateAgentPacket, which contains our Associate Agent contract and gives you complete and in depth details on becoming an Associate Agent. The Agent packet also gives you full details on how to sign up as an Associate Agent.
If you wish to become an Affiliate Broker and send us clients in need of our services, I have attached our Affiliate Broker sign-up sheet. This is a one page sheet that gives us your basic information, so we know who is send us the clients and who we are dealing with that is obtaining the loan.
Since we do offer exclusive territory, this will be on a first come first serve basis. If you are interested in becoming an Associate Agent, please contact me as soon as possible with the area code(s) you are interested in. If it is available and you plan to sign up, please e-mail me back with the area code(s) you want and I will put a 24 hour hold on it, to allow you time to fulfill the contract, fax it back and pay the set-up fee. If this is not completed within the 24 hour hold time, the area code(s) will immediately be released to the next broker that wishes to sign-up.
Whether you wish to become an Associate Agent or an Affiliate Broker, please fill out the appropriate forms and fax them back to us at 1-866-244-6108. Then mail us the originals at the address shown on the documents.
From now until March 31st, 2008 we are offering our Associate Agent set-up fee as low as $500!*
We do offer a 100% MONEY BACK GUARANTEE!*
Also, Associate Agents signing up by March 31st, 2008, will be able to take advantage of our $900 BONUS PROGRAM!*
*For full details on our entire program please see attached documents.
Thank you for your time and patients. Looking forward to having you join our team of Agents or our network of Affiliate Brokers! Please feel free to contact me with any questions by e-mail or by phone.
shortrefi@yahoo.com |
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