Homeowners Defense Program - "The Distressed Homeowner's Ultimate Solution"

We have a special program for people that can not be helped by any of our other programs.

* This is not a traditional home loan modification or the HAMP, but rather an alternative way to keep from being evicted from a foreclosure.

Problem:

The lenders and many law makers continue to make the loss mitigation process virtually unbearable.

Many loan modifications are not working well enough to help the growing number of people in need.

Programs you should try to get before using this one - ( listed from best to worst last ):

• HAMP - great program if you qualify
  
• Traditional Home Loan Mod - not as good as HAMP, but still will help you.
• Mortgage Resolution - an aggressive program to attack the lender for giving you a bad loan.
• One of the above programs and Debt Settlement - reduce your credit card payments and reduce your home loan.
• Bankruptcy Chapter 7 - clear all debts, but has long term effect on credit
  

What is "Homeowners Defense"

• Principal Balance Reduction
• Stay in Your Home
• Rate Reduction
• Debt Relief
• Principal Reduction
• Avoiding Foreclosure
• Down payment of new loan covered by Program
  

Requirements:

• Must be upside down on Home  (owe more then the house is worth.)
  
• Minimum one credit worthy individual to attain loan (fico 640 or higher \ 600 with credit repair)
  
• You do not need to be late on your mortgage
• Ability to make new payments on home loan.
  
• Document Review Required to see if you qualify

Focus of Homeowners Defense Program:

This is a Stationary Short Sale program:

Built in safeguards are put in place so that all parties will understand how and when each transaction will be completed.

Process:

• Credit Repair (if needed)
• Lender Submission
• Short Sale
• New Purchase

Process Details:

• The cash investment group will temporarily purchase your home for below the current mortgage debt.
• The asset management team will coordinate a lease back agreement for 3 to 9 months.
• You stay in your home through the lease with an option to purchase at a specific time for a specified amount.
• You purchase the home for a fair market value.

We at Funding-Loans do not recommend this program, unless you have already attempted or seriously considered the other programs we have available.

This is to be considered the last option to save your home, for those that meet the requirements and qualify for the new loan.