Mortgage Relief Program Explained

Pegasus capital: 

Pegasus capital Solutions, Integrity, Results

Typical Home Profile: 

Typical Home Profile Upside down in value Homeowner has come to terms that they might lose their home Current Market Value is $200,000 or higher Homeowner is willing to go to court if the need arises

Step One – Finding Cause: 

Step One – Finding Cause Obtain Required Documents from client Client obtains a third party Forensic Securitization Mortgage Audit If the audit results prove that your lender has committed fraud, we now have “Cause” and “Evidence”, and can now move forward with representing you in defaulting your lender. Simultaneously, you must enroll in a licensed credit repair program and begin the application process for obtaining a new home loan Timeframe – Approximately 7-10 days

Step Two – Preparing for Trial: 

Step Two – Preparing for Trial If a Notice of Default has been recorded against the property, this “Cloud” must be legally removed. Once we establish a clean title on your property, we now begin establishing our case against your lender by providing them with written evidence along with the legal violations that they have committed Timeframe – Day 10 thru 30

Step Three – Discovery Phase : 

Step Three – Discovery Phase During this phase we will continue to serve your lender with discovery and paperwork that puts them deeper and deeper into a corner. Your lender will typically not respond to the allegations being made despite the evidence that is being provided because they know they’ve committed fraud. Timeframe – Day 30 thru 45

Step Four – Filing The Action: 

Step Four – Filing The Action This is the Final Phase of our process We will file our final documents along with an action to reconvey title Timeframe – Day 45 - 60

Decision Time: 

Decision Time Homeowner has two options: Buy Back Option – Homeowner can buy back property at 80% of Current Market Value and receive cash for an amount equal to 30% of sale price less associated costs (Money to used for down payment and closing costs) Cash Out Option – Homeowner can simply walk away with a check for approximately 30% of net proceeds from sale of home less associated costs (money to be used as you choose) Associated Costs – Escrow Fees, Title Insurance, Real Estate Commissions, etc…

Buy Back Option Example: 

Buy Back Option Example Balance Owed $720,000 Current Market Value $500,000 Sale Price $400,000 Cash Incentive $120,000 approx 30% Savings $320,000

Obtaining The Loan: 

Obtaining The Loan As you started the loan application and credit repair process simultaneously, you are ready or very close to being able to obtain your new loan. If you are working with one of our preferred credit repair companies, your credit score will have been restored to where you can now obtain a new home loan to purchase the home. If you’re not quite able to obtain the loan at this time, we will place you into a Lease Option agreement until you are able to qualify. Refer to the FAQ informational handout.

Cash Out Example: 

Cash Out Example Balance Owed $720,000 Current Market Value $500,000 Sale Price $500,000 Cash Incentive $150,000 approx. 30% You can save the money, use the money to pay bills, or use it as a down payment on another home.

Benefits : 

Benefits No Foreclosure Buy Back Option at Current Market Value Cash Out Option Credit Repair Stop throwing good money at a bad investment Start paying on an appreciating asset

Next Steps: 

Next Steps Meet with one of our marketing associates to review and discuss the following: a. Homeowner FAQ b. Service Agreement Fill out the “Client Intake Form” Provide client information for obtaining a Forensic Securitization Mortgage Audit Provide client with credit repair company contact information Collect and submit all items from “Required Documents Checklist”