SELL Your UNDERWATER Mortgage and Get CASH

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!!!

“Do You Have a Jumbo Loan and Good Credit – but no Equity in Your Home?”

The bad news is that there is very little chance that real estate values are going to improve in the coming years.  That means for many years to come you are going to be paying inflated loan prices for a property that may never recover its value.

Well, you are not alone.  Currently, 12 million people in the United States have mortgages that are higher than the value of their homes.

If that is you,

What are Your Options?

#1- You can continue to pay money for a house that may never be worth what you are paying.  This is a like flushing money down the toilet, but at least you won’t have to move.
#2- You can choose to default on your mortgage. With this option you will lose your home, destroy your credit for years, and ruin your reputation.  Not to mention making it next to impossible to buy or rent another home for several years afterwards.  Plus, your lender may still come after you for the rest of the money after the foreclosure.
#3- You can try for a loan modification. But that is just a temporary band-aid and ultimately leaves you paying a lot more later on.  Plus, you get labeled as “a bad risk” just for asking.

However, there is another way.  You can:

Ø  Save hundreds of thousands of dollars on your mortgage

Ø  Get equity in your home

Ø  Maintain your outstanding credit or even improve your credit

Ø  Lower your monthly payments

Ø  Avoid the tax liability that comes with a 1099C

And we can typically do this in two months.

Plus, you get to keep your home, which is why you originally bought it. 

And if you have a second home or an investment property with a jumbo loan that is under water, this simple solution works for you too.

Which Mortgages Qualify for this Program?
Fantastic Question! 

An Individual Must Have these factors:

• Must Have Good Credit
• If your credit is poor you must be able to have good credit within a year (we will discuss additional details)
• Mortgage No MORE Than 3 Months Delinquent
• Your Current Mortgage Amount MUST Be Greater Than Current Market Value 

What Does My Current Loan Amount Have to Be to Qualify for this Program?***

Another Awesome Question!

1. Northern VA Counties - You must have a mortgage of $479K or greater on a property

2. Maryland Counties- You must have a mortgage of $479k or greater on a property

3. Washington DC- You must have a mortgage of $729,500 or greater on a property

                                                         You Have a Way Out
We need to talk!

Don't hesitate this is NOT a gimmick!  Contact us today to get started and GET YOUR EQUITY BACK.

***Loan Amounts Subject to Change

A Little Vintage with A Splash Old World

A L'il bit of everything Shaw/14th Street Meca

Sounds like a fabulous drink, right? What on earth could we be talking about? Well if you have ever parked on 14th Street near Eatonville and look up there is a little sign, boy I wish I had taken a picture of it, it says 14th/U/Shaw. A meeting of the minds. So today we thought we would talk about this slice of the city and some of the offerings that are served up.

This is funky part of town that is going through a major metamorphosis. What is emerging is fantastic. Themed Restaurants, coffee houses that double as poetry/live music enclaves, old fashion  grocery stores and vintage clothiers. Wow! Jammed packed with incredible finds.  

Ms. Zora Neale Hurston--Eatonville

First up on the roster--Eatonville. Summed up as yummy goodness. A restaurant extraordinaire, I happen to follow them on Facebook and they are serving up shear delight in the form of cuisine and guest! Eric Benet dropped by this week for a little treat before his big show. The story of Eatonville is another Andy Shallal special, known for his famed Busboys and Poets. Eatonville is influenced by the history of Zora Neale Hurston. The name of Ms. Hurston's Florida hometown and home to the United State's first, post-Civil War, African American incorporated town. There is more phenomenal history on the owner and the restaurant worth searching for on the net. But for now let's focus on the main attraction! The honey corn-bread muffins and the Eatonville Po-Boy, nothing left to say.

A little bit of Lancaster PA in downtown DC

Step back in time as you walk into Smucker Farms, smack dab in the middle of 14th Street NW. Unbelievable! I would have sworn I was in Amish country in Pennsylvania. Fresh preserves, fruit, vegetables---

Wine Cheese and Farm Fresh Veggies on 14th/U Street Shaw District

OH THE BAKED GOODS! In speaking with the employees the vegetables are delivered fresh daily, which means when you see it grab it. They have a full refrigerated section, with milk, butter and eggs. Living in the city just isn't what it used to be, no longer do you have to traipse into VA/MD or await the opening of your favorite farmers market. Fresh produce, dairy and goodies at your fingertips daily. Walk out of your penthouse into Smucker's and onto the Metro, just like that!

"This is for the cool in you." Vintage fly ware in blocks of each other. Martha's Table, for the thrifter in you and for those wishing to give back to the community. Consider touching the lives of others by donating to the cause. Let's not leave out the Federal and Palace 5ive. The Federal debuted on October 31,2011. The twist from its brother Palace 5ive, is that it is a heritage-focused menswear shop. Both owned and operated by Greg Gremmen, Palace 5ive speaks to the skate-board crowd and according to many reviews, 'Palace 5ive is a fabulous place to hang out and shoot the breeze'.

Boutique Condo Row---a great name for this district.  No shortage on amenities boasting amazing views of the city as roof decks abound, inner courtyards to wow your summer guest with a cold glass of Chardonnay. Many of the upscale condo buildings come complete with a Concierge, what more could you want?  We put together a treasure trove so you could walk through some of these gorgeous homes Shaw & 14th Boutique Heaven.