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FORECLOSURE
LOAN MODIFICATION PROGRAM _________________________________________ How
To Avoid Foreclosure ___________________________________________________________________ RESIDENTIAL
AND COMMERCIAL ___________________________________________________________________ Money World Network has been in the forefront of the commercial lending industry with private investors for over 20 years. With the national economy firmly in the tank-millions of property owners are in foreclosure and even more are now projected for 2010 and there is no end in sight. On the other side of the financial spectrum over 75% of the commercial lending sources are totally frozen. New sizeable commercial loans are almost non-existent and refinance is just as difficult. So where does that leave the industry? The answer is obvious! Commercial borrowers with a large debt service and no ability to get further capital must look at their present financial circumstances for loan modification in order to survive and avoid foreclosure of their properties. Why is loan modification now possible? Banks and Mortgage Companies today have tons of bad loans and even more bad loans can put these lender in real jeopardy. So what are the target actions for loan modification? Following are some of the proposed actions in professional loan modification; | Conversion of adjustable rate financing to a fixed interest rate. | Reduce present interest rates with a target of 6% or better | Attempt to get past due payments written off putting immediate cash into the borrowers pocket. | If a write off attempt is unsuccessful for past due payments then negotiate to place the past due payments at the end of the loan. | Negotiate an increase in the term length of the existing loans | Handle pending foreclosure and foreclosure proceedings. | Depreciation acceleration with the IRS to recover taxes paid for the past 5 years. | Expected savings $50,000 to $75,000 per $1m loan modification plus tax recovery. ______________________________________________________ BORROWERS
RECEIVE AND REVIEW FREE COST SAVINGS ANALYSIS NORMALLY WITHIN 5
BUSINESS DAYS!
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