Most
critics say not possible! Well not so fast, this is a evolving market and the game has changed. The question is--will YOU take advantage of it?
The Primary Focus Give Options to Homeowners Who Are Having Difficulty With Their Home Using TRADITIONAL Methods of Real Estate Services.
Are you a homeowner who is facing financial difficulty and considering a short sale? Is your home currently underwater? If so there is help. I am affiliated with a company, Golden Gate Funding, LLC, they purchases distressed
mortgages from a variety of different lenders across the United States. By doing this Golden Gate Funding becomes the
lender and can help the homeowner with their distressed property.
Some Benefits of
Using Golden Gate Funding, LLC
1. We do not issue a 1099 on the first lien.
2. We waive the deficiency on the first mortgage
3. You can walk away from their debt obligations as well as
settle additional liens.
4. Original loan is “settled in full” on your credit report
5. Avoid foreclosure
6. If you have no other liens we can get you cash on the
property
7. Faster than a normal short sale
8. Better than a loan modification
FREQUENTLY ASKED QUESTIONS
Q. How long will this
take?
A. Usually it takes
30-60 days to get enough files so that we can submit a package to the
lender. Once enough files are obtained
it takes our attorney’s 60-90 days depending on the lender to negotiate the
note purchase.
Q. How many files
does Golden Gate Funding need to submit?
A. For lenders like
Bank of America, Wells Fargo, and Chase we will need 30 while for most other
lenders we will need 10. In some cases
we may look at singles.
Q. Which lenders does
Golden Gate Funding work with?
A. Bank of America,
Wells Fargo, Citibank, Chase, Select Portfolio Servicing, Litton Loan
Servicing, IndyMac, BB&T, American Home Mortgage Servicing, SunTrust, Ocwen, Regions, Fannie Mae, Freddie Mac,
GMAC. We can also work other lenders in certain
other situations.
Q. Why do you need my
social security number?
A. In order to make
sure we are purchasing the right note, lenders will ask for this to process the
file.
Q. When will I have
to leave my home?
A. The property will
need to be vacant before we buy the note.
We can give a maximum of 30 days or a minimum of 7 days. We will let you know as early as we know the
note purchase will go through.
Q. How do I know this is not a scam?
A. There is no cost up front. We don’t make any money unless we are able to
purchase the note.
Q. Can I keep my
property?
A. Yes, as long as
you have proof that you can payoff 85% of the current market value that we
determine. This can be through a
conventional loan with another lender or savings that you might have in an
account. Let us know and we can prepare
that paperwork.
Q. What if I want to
stop the note purchase?
A. It costs us $2000
per file with our attorney to do the note purchase. If we have begun negotiations and paid this
fee then you will need to pay us that money back to cancel the note purchase. If we have not begun then let us know and we
can stop the file.
Q. What if my house
needs repairs?
A. Repairs can’t be more
than 10% of the sales price.
Q. What if I am
currently in bankruptcy or in the process of a loan modification?
A. For us to negotiate then they
will have to been discharged or completed.
Q. What if my home is
currently rented?
A. We can work with
you, but will need to see the lease in order to see if there is an “out” clause
to have the tenant removed. We would
also want to see proof of where the security deposit is held.
Many Americans are dealing with distressed homes and they want to move on with their lives and relieve the anxiety. Are you one of them? Do you have friends and family who you know can benefit? Then give the gift of stress relief and throw in a SPA visit too if you need to! (smile)
Don't hesitate contact us today and a get a fresh start on life!!!
